Global Metrology Market was worth US$ 9.02 Bn in 2021 and total revenue is expected to grow at a rate of 6.8 % CAGR from 2022 to 2029, reaching almost US$ 15.28 Bn in 2029.
Metrology Market Overview
Maximize Market Research has published an intelligence report entitled Global Metrology Market 2021 by Manufacturers, Regions, Type and Application, Forecast to 2029, which includes meticulous primary and secondary research methods. The report covers insights into the Metrology market along with its ever-changing patterns, industry environment, and all dominant aspects of the market. The research methodology has been applied to examine the global Metrology market and the findings have been logically mentioned in the report.
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Metrology Market Scope
Global Metrology Market research report provides vital statistics and analytical knowledge to grant an entire understanding of the market size, share, growth, trend, demand, top player and industry summary, opportunities, worth cycle, end-users, technology, types, and application. In addition, the report provides a detailed analysis of the competitive landscape and product offerings of key players, as well as investment opportunities available in the micro Metrology market for stakeholders. Qualitative and quantitative data provided by Metrology market research show that decision-makers are likely to see which market segments and regions are expected to grow faster, the factors that influence the market, and which areas are important opportunities. The report includes the competitive landscape of key industry players as well as new trends in the Metrology market.
Segmentation
The market is divided into two sub-segments based on product: CMS and ODS. By 2025, the market for CMM products is anticipated to reach USD 396.6 million, expanding at a CAGR of 4.9%. The ability of CMM to provide positional, dimensional, and surface measurement in a single system is anticipated to drive this market sector. Moreover, CMM makes it possible to measure objects precisely for testing, assembly, design, profiling, and reverse engineering of parts. High demand for CMM's calibration, machine installation, and retrofitting services is anticipated to fuel market expansion during the time of the forecast. Its quick growth can be ascribed to its excellent length measuring accuracy as well as its speed and resolution for many applications. At pilot plants, these tools are used for metrology, styling, and automobile design applications.
The market is further divided into Automotive, Aerospace, Energy & Power, Manufacturing, Consumer Electronics, and Others based on end user. The aerospace market is anticipated to expand at a CAGR of 6.2% from 2019 to 2025. Metrology services have expanded as a result of the development of 3D measurement systems, portable CMMs, robot-mounted optical CMM scanners, cloud-based software application platforms, and dimensional metrology services. The automotive application category is expected to experience some growth during the projected period as a result of technological advancements in cars that increase component precision. Every seat, door, panel, and component in an automobile must be exactly aligned to guarantee passenger safety, comfort, and satisfaction.
Global Metrology Market
1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives
2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Sources
2.3.2. Primary Research
2.3.2.1. Data from Primary Sources
2.3.2.2. Breakdown of Primary Sources
3. Executive Summary: Global Metrology Market Size, by Market Value (US$ Mn)
4. Market Overview
4.1. Introduction
4.2. Market Indicator
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. Porter’s Analysis
4.4. Value Chain Analysis
4.5. Market Risk Analysis
4.6. SWOT Analysis
4.7. Industry Trends and Emerging Technologies
Key Players
• Carl Zeiss AG,
• Mitutoyo Corporation,
• Nikon Corporation,
• Renishaw PLC,
• Perceptron, Inc.,
• Faro Technologies,
• Pantac Metrology,
• Exact metrology Inc.,
• Jenoptik AG
• Automated Precision
• JLM Advanced Technical Services
• Precision Products
• CARMAR ACCURACY
• Pollen Metrology
• Cairnhill Metrology
Regional Analysis
The report on the Metrology Market's growth provides a detailed regional analysis. It demonstrates the most significant regional divides, such as North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa, has global influence. To keep ahead of the competition, market research gains a better perspective and understanding of the market and target audience.
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Key Questions answered in the Metrology Market Report are:
- What is Metrology Market?
- What is the forecast period of the Metrology Market?
- What is the competitive scenario of the Metrology market?
- Which region held the largest market share in the Metrology Market?
- What are the opportunities for the Metrology Market?
- What are the restraining factors in the Metrology market?
- Who are the key players of the Metrology market?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Metrology
- Landscape- Leading key players and other prominent key players.
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