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The dimensional metrology software market share is expected to increase by USD 1.23 billion from 2020 to 2025, and the market’s growth momentum will decelerate at a CAGR of 17.35%.
This dimensional metrology software market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers dimensional metrology software market segmentations by end-user (automotive, aerospace, consumer electronics, and others) and geography (APAC, North America, Europe, South America, and MEA). The dimensional metrology software market report also offers information on several market vendors, including 3D Systems Corp., Aberlink Ltd. , Carl Zeiss AG, FARO Technologies Inc., InnovMetric Software Inc., Jenoptik AG, Keysight Technologies Inc., Nikon Corp., Onto Innovation Inc., and Renishaw Plc among others.
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Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The use of metrology to inspect manufactured products is notably driving the dimensional metrology software market growth, although factors such as complications associated with system integration and interoperability may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the dimensional metrology software industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Dimensional Metrology Software Market Driver
The use of metrology to inspect manufactured products is one of the key factors driving the growth of the global dimensional metrology software market. Dimensional accuracy is a key focus area during the product development lifecycle. A sub-micron-level deviation in the desired dimensions of products can necessitate the need for redevelopment. Dimensional inaccuracy can reduce the life of products and affect customer satisfaction. The manufacturing industry must also adhere to international quality standards such as QS9000, the International Organization for Standardization (ISO) 9001, and Six Sigma. Moreover, the use of automated coordinate measuring machines (CMMs) to inspect products is increasing in the manufacturing industry. CMMs are used for contact measurement and inspection. They are also preferred by several end-users for the 3D measurement of objects. The need to adopt quality standards during product development also necessitates the use of CMMs. The use of dimensional metrology software solutions ensures that the dimensional quality of manufactured products is maintained. Hence, the use of metrology to inspect manufactured goods will drive the growth of the dimensional metrology software market during the forecast period.
Key Dimensional Metrology Software Market Trend
The integration of AI will fuel the global dimensional metrology software market growth. The vendors are focusing on the integration of intelligent processing techniques and artificial intelligence (AI) with dimensional metrology software solutions. The high cost of R&D prevents the large-scale application of AI in the manufacturing industry. The integration of AI with computer-aided design (CAD) software solutions enables manufacturing OEMs to overcome challenges, improve efficiency and productivity, and save time and cost through the applications of algorithms. The other benefits of integration are such as Reinforcement learning, Predictive applications, Supervised learning, Machine learning, and Image recognition. The above factors will increase the demand for the global dimensional metrology software market during the forecast period.
Key Dimensional Metrology Software Market Challenge
The complications associated with system integration and interoperability is a major challenge for the global dimensional metrology software market growth. The rising adoption of modern technologies in the manufacturing industry creates complications in system integration and interoperability. Vendors should provide unified information technology (IT) solutions that can be seamlessly integrated with the IT infrastructure of the manufacturing industry. Technical glitches during operations can increase operating expenses (OPEX) and reduce the operational efficiency of the manufacturing industry. System integration and interoperability issues arise mostly when manufacturing companies update their IT systems or merge their IT infrastructure with that of acquired companies. The integration of multiple IT systems with traditional IT infrastructure can create several cross-platform system integration issues. Hence, complications associated with system integration and interoperability can affect the adoption of dimensional metrology software solutions during the forecast period.
This dimensional metrology software market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Global Dimensional Metrology Software Market is part of the global IT software market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the dimensional metrology software market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the dimensional metrology software market encompasses successful business strategies deployed by the key vendors. The dimensional metrology software market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The dimensional metrology software market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the dimensional metrology software market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global IT software market includes the following core components:
The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.
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43% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for dimensional metrology software market in APAC. Market growth in this region will be slower than the growth of the market in regions.
The use of metrology to inspect manufactured products will facilitate the dimensional metrology software market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 affected the growth of several industries in the region, including several IT software, including cloud-based software and dimensional metrology software market, which were delayed or canceled in 2020 owing to economic downturns, disruptions in supply chains, and uncertainties in the market growth. In South and Southeast Asia, the dimensional metrology software market declined by 8%-10% in 2020. However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown and travel restrictions, which led to the resumption of supply chain activities. Such factors are expected to drive the market during the forecast period.
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The dimensional metrology software market share growth in the automotive segment will be significant during the forecast period. The global automotive market includes passenger cars, light commercial vehicles (LCVs), heavy commercial vehicles (HCVs), and others such as buses and two-wheelers. The volume of vehicle production, especially two-wheelers and passenger cars, has grown considerably since 2010, which is a trend that will continue during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the dimensional metrology software market size and actionable market insights on post COVID-19 impact on each segment.
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Dimensional Metrology Software Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Decelerate at a CAGR of 17.35% |
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Market growth 2021-2025 |
$ 1.23 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
26.44 |
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Regional analysis |
APAC, North America, Europe, South America, and MEA |
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Performing market contribution |
APAC at 43% |
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Key consumer countries |
China, US, Germany, Japan, India, and Mexico |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
3D Systems Corp., Aberlink Ltd. , Carl Zeiss AG, FARO Technologies Inc., InnovMetric Software Inc., Jenoptik AG, Keysight Technologies Inc., Nikon Corp., Onto Innovation Inc., and Renishaw Plc |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
99 10.4
101 10.5
102 10.6
104 10.7
106 10.8
108 10.9
110 10.10
112 10.11
114 10.12
115 11.
117 11.1
118 11.2
119 11.3
120 11.4
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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