Dimensional Metrology Software Market by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: Jul 2021
  • Pages: 120
  • SKU: IRTNTR45385
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The dimensional metrology software market has the potential to grow by USD 1.23 billion during 2021-2025, 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 market segmentation 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.

What will the Dimensional Metrology Software Market Size be in 2021?

Dimensional-Metrology-Software-Market-Market-Size-2020-2025

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Dimensional Metrology Software Market: Key Drivers and Trends

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. To unlock information on the key market drivers and the COVID-19 pandemic impact on the dimensional metrology software market industry get your FREE report sample now.

  • 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.
  • In addition, 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.
  • 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 global dimensional metrology software market during 2021-2025.
  • The rapid growth of the global population and globalization necessitate improvements in manufacturing processes. This is increasing adoption of automation in the manufacturing industry.
  • Investments in process automation applications continue to increase across the world. Several manufacturing companies are focusing on technology, software, services, hardware, and communication protocol used for automation. 
  • The automation of manufacturing processes improves productivity, which enables manufacturing companies to grow.
  • Additionally, automation enables manufacturing companies to respond to problems effectively by setting a series of checks, which can help troubleshoot and accelerate task management effectively. Therefore, with large-scale industrial automation, the dimensional metrology software market will also witness growth during 2021-2025.

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. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Dimensional Metrology Software Market Vendors?

The report analyzes the market’s competitive landscape and 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.
  • Renishaw Plc

 

The dimensional metrology software market is fragmented and the vendors are deploying growth strategies such as focusing on mergers and acquisitions to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

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.

Download a free sample of the dimensional metrology software market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Dimensional Metrology Software Market?

Dimensional-Metrology-Software-Market-Market-Share-by-Region-2020-2025

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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 faster than the growth of the market in other regions.

The growth of the automotive and other industries will facilitate the dimensional metrology software market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating End-user Segments in the Dimensional Metrology Software Market?

Dimensional-Metrology-Software-Market-Market-Share-by-End-2020-2025

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The dimensional metrology software market share growth by the automotive segment will be significant during the forecast period. The growth of the global automotive market is driven by the availability of low-interest loans and the low cost of fuel. Most automotive manufacturers are focusing on producing lightweight vehicles due to the need for fuel-efficiency. The sales of automobiles, especially lightweight vehicles, increased significantly in APAC. Countries such as China, India, Vietnam, the Philippines, South Korea, and Australia contributed a major proportion to the sales of vehicles in the regions.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the dimensional metrology software market size.

 

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What are the Key Factors Covered in this Dimensional Metrology Software Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive dimensional metrology software market growth during the next five years
  • Precise estimation of the dimensional metrology software market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the dimensional metrology software market industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of dimensional metrology software market vendors

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Dimensional Metrology Software Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 17%

Market growth 2021-2025

$ 1.23 billion

Market structure

Fragmented

YoY growth (%)

26.44

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 43%

Key consumer countries

China, US, Germany, Japan, India, and Mexico

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

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

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

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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.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The dimensional metrology software market growth will increase by $306.68 million during 2019-2024.
The dimensional metrology software market is expected to grow at a CAGR of 5.04% during 2019-2024.
Technavio has segmented the dimensional metrology software market by end user (Automotive, Aerospace, Consumer electronics, and Others) and geographic (APAC, Europe, North America, South America, and MEA).
ABB Ltd., AMETEK Inc., Autodesk Inc., Carl Zeiss AG, FARO Technologies Inc., Hexagon AB, Jenoptik AG, Keysight Technologies Inc., Nikon Corp., Renishaw Plc are a few of the key vendors in the dimensional metrology software market.
APAC will register the highest growth rate of 42.22% among the other regions. Therefore, the dimensional metrology software market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the dimensional metrology software market growth are:
  • Use of metrology to inspect manufactured products
The dimensional metrology software market vendors should focus on grabbing business opportunities from the automotive segment as it accounted for the largest market share in the base year.
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