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The metrology services market size is estimated to increase by USD 1.20 billion and grow at a CAGR of 14.72% between 2023 and 2028.
The market's trajectory hinges on various factors, notably the increasing adoption of Computer-Aided Design (CAD) by manufacturers, fostering innovation and efficiency, and the rising commitment to global quality standards underscoring the industry's dedication to precision and reliability, essential for meeting consumer expectations. However, the market faces hurdles due to the scarcity of service providers offering comprehensive metrology services, impeding progress and limiting access to essential tools and expertise needed for accurate measurements and analysis, while small-scale manufacturing units' lack of emphasis on dimensional accuracy potentially compromises product quality and customer satisfaction. In today's dynamic market landscape, the uncertainty surrounding the future of conventional energy sources necessitates a shift towards sustainable alternatives, with metrology service providers playing a vital role in this transition by offering essential services to Original Equipment Manufacturers (OEMs) using advanced metrology tools such as Coordinate Measuring Machines (CMMs), lasers and scanners, vision systems, software, and 3D Metrology Systems, delivering a range of services including reverse engineering, repair and calibration, training, equipment rentals, tool design, and automation and system integration of measurement equipment, and embracing innovation, fostering collaboration, and prioritizing quality assurance to overcome challenges and sustain market growth in the evolving energy sector, with 3D Metrology Systems offering enhanced capabilities for measuring complex geometries and surfaces, contributing significantly to the precision and efficiency of manufacturing processes.
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The market share growth by the heavy equipment segment will be significant during the forecast period. The market encompasses specialized offerings such as 3D Scanning, Dimensional Inspection, Alignment Services, and Component Testing for various industries, including Aerospace and Manufacturing. These services ensure adherence to Internationally-Accepted Standards and facilitate Quality Control in the production process. Metrology solutions employ advanced technologies like 3D Scanners, Laser Trackers, Portable Measuring, X-ray Scanning, and CT Scanning to deliver precise measurements and optimize manufacturing processes.
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The heavy equipment segment showed a gradual increase in the market share of USD 307.01 million in 2018. OEM Metrology plays a crucial role in ensuring the accuracy of CAD models and 3D modeling in the manufacturing sector. Industrial robot calibration and Metrology automation further streamline production capacity and reduce defects. Calibration laboratories and Metrology products cater to the needs of diverse industries, offering multiple functionalities for reverse engineering, quality optimization, and sustainable growth. The increasing demand for Cost Reduction and Reduced Defects in Capital-Intensive Facilities, driven by an aging population and rising consumerism, fuels the growth of this market. Therefore, the heavy equipment segment is expected to grow significantly in the market during the forecast period.
The coordinate measuring machines (CMM) segment is driven by many factors, like the increase in production levels in the automotive industry and a rise in demand for portable CMMs. In the Energy industry, onsite engineering and equipment services have become crucial for ensuring optimal performance and adherence to stringent safety regulations. The integration of advanced technologies, such as autonomous robots and LMI Technologies, in measurement labs, has revolutionized periodic quality testing processes. Hexagon AB and other key players in the market are fostering collaborations to develop innovative inspection systems for various sectors, including the Economic scenario of emerging economies. The Manufacturing Intelligence sector, particularly in industries like automotive, aerospace, consumer electronics, medical devices, and laboratory instruments, is witnessing significant growth due to the increasing demand for precision and quality. The adoption of measurement process technologies, such as CMM and non-contact measurement systems, is essential for maintaining quality and consistency. In the medical sector, the importance of measurement and inspection systems in the production of medical devices cannot be overstated.
Battery inspection, a critical application, is gaining traction due to the growing demand for efficient and reliable battery production. Factory automation is another area where they play a vital role in ensuring the accuracy and efficiency of production processes. ETQ Reliance and other leading players in the market are continuously launching new products and solutions to cater to the evolving needs of various industries. The integration of advanced technologies, such as LMI Technologies and inspection systems, is enabling manufacturers to streamline their production processes and improve overall efficiency. In conclusion, the market is witnessing significant growth due to the increasing demand for precision, efficiency, and quality in various industries, including the Energy sector, Manufacturing Intelligence, and Medical sector. The adoption of advanced technologies, such as autonomous robots, measurement labs, and inspection systems, is revolutionizing the way measurement and quality testing are conducted. Collaborations between key players and emerging technologies, such as LMI Technologies, are driving innovation and growth in the market.
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Europe is estimated to contribute 29% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The European market experiences significant demand due to the region's prominent role in various industries, including the energy sector, onsite engineering, and equipment services. Europe is home to numerous advanced measurement labs and inspection systems, which are essential for periodic quality testing and ensuring the precision of autonomous robots used in factory automation. In the energy industry, they play a crucial role in ensuring the accuracy and efficiency of energy production and distribution.
Moreover, Europe's manufacturing sector is a global leader in industries such as aerospace and defense, where precision and quality are paramount. With the increasing expansion of these industries, driven by the growing demand from emerging economies like India, Saudi Arabia, Nigeria, and Bangladesh, the need for metrology services is expected to rise. Hexagon AB and other leading companies in the manufacturing intelligence sector are at the forefront of providing advanced measurement process solutions to ensure quality and consistency. LMI Technologies and other inspection system providers offer cutting-edge technologies, such as 3D scanning and non-contact measurement, to meet the evolving needs of various industries. The medical sector is another significant consumer, with the increasing production of medical devices requiring stringent quality control measures. The economic scenario in Europe, with its robust manufacturing base and focus on innovation, further strengthens the market. Collaborations between key players and research institutions are driving the development and implementation of new technologies, such as advanced battery inspection systems, to meet the evolving needs of various industries.
The market encompasses a range of advanced technologies and solutions designed to ensure precision and accuracy in the manufacturing sector, particularly within the Aerospace industry. Key services include 3D Scanning, Dimensional Inspection, Alignment Services, and Coordinate Measuring. Metrology products utilized in these services include 3D Scanners, Laser Trackers, and Portable Measuring devices. Quality Control is a critical aspect of these services, with Component Testing and Metrology Automation playing essential roles. X-ray Scanning and CT Scanning are also employed for non-destructive testing and reverse engineering purposes. OEM Metrology solutions enable the creation of CAD models and 3D modeling, while Industrial Robot Calibration ensures optimal performance. They contribute significantly to quality optimization in Computer-Aided Design (CAD) and Computer-Aided Manufacturing (CAM) based processes. Cost reduction and defect reduction are key benefits, making these services indispensable in the manufacturing sector. Calibration Laboratories provide essential support in maintaining the accuracy and reliability of metrology equipment.
Growing adherence to global quality standards is the key factor driving the market growth. They play a pivotal role in ensuring quality and precision in modern manufacturing processes, particularly in industries such as aerospace, automotive, and defense. These services encompass various techniques, including 3D scanning, dimensional inspection, alignment services, and coordinate measuring, among others. Metrology tools, such as 3D scanners, laser trackers, and portable measuring devices, enable manufacturers to compare components with internationally accepted standards, optimize quality, and reduce defects. 3D scanning and CT scanning technologies offer multiple functionalities, including reverse engineering, industrial robot calibration, and metrology automation. These advanced techniques facilitate cost reduction, increased production capacity, and sustainable growth. However, they also require significant capital investment and a well-equipped facility. The aging population and rising consumerism have led to an increased focus on quality control and measurement issues in manufacturing processes. Metrology services, including component testing and calibration laboratories, help manufacturers meet these challenges by providing precise and reliable measurements.
CAD models and 3D modeling technologies enable CAM-based processes, further enhancing the efficiency and accuracy of manufacturing processes. In conclusion, these are essential for ensuring quality, precision, and efficiency in modern manufacturing processes. These services encompass various techniques, including 3D scanning, dimensional inspection, alignment services, and coordinate measuring, among others. They help manufacturers meet the challenges of an aging population, rising consumerism, and the need for sustainable growth by providing precise and reliable measurements, optimizing quality, reducing defects, and enhancing production capacity. Hence, the global market will grow significantly during the forecast period.
An increasing number of M&As is the primary trend shaping market growth. The market is experiencing significant growth in the manufacturing sector, particularly in industries such as aerospace, due to the increasing demand for innovative products and the need for adherence to internationally accepted standards. This trend is driven by the shrinking lifecycles of consumer, commercial, and industrial products, which necessitates frequent upgrades and quality control measures. Metrology services, including 3D scanning, dimensional inspection, alignment services, and component testing, play a crucial role in ensuring the accuracy and precision of manufacturing processes. Advanced metrology tools, such as 3D scanners, laser trackers, portable measuring devices, X-ray scanning, CT scanning, and coordinate measuring machines, are essential for metrology automation and calibration laboratories.
OEM metrology services are increasingly being adopted to optimize quality control in CAD model-based design and manufacturing processes. Industrial robot calibration and metrology automation are also key areas of focus for cost reduction and reduced defects. The aging population and rising consumerism are driving the need for sustainable growth in the market. These offer multiple functionalities, including measurement issues resolution, production capacity enhancement, and quality optimization. Capital investment in advanced metrology facilities and technologies is a critical factor in maintaining a competitive edge in the manufacturing industry. They are essential for ensuring the accuracy and precision of manufacturing processes, particularly in industries where quality control is paramount. The use of advanced metrology tools and services enables manufacturers to meet the demands of consumers for innovative products and adhere to internationally accepted standards. The market is expected to continue growing as manufacturing processes become more complex and the need for precise measurement and control increases. Hence, such factors will drive the growth of the market during the forecast period.
An inadequate number of service providers that offer comprehensive metrology services is a challenge that affects market growth. The market encompasses a wide range of offerings, including 3D scanning, dimensional inspection, alignment services, and coordinate measuring. These services are essential in various industries, particularly in aerospace and manufacturing, where quality control and component testing are paramount. These facilitate the comparison of manufactured parts or tools with their CAD models, reverse engineering, and 3D modeling. Moreover, they ensure the calibration of industrial robots and the integration of metrology systems with manufacturing processes or metrology automation. Key services include 3D scanning using 3D scanners, laser trackers, and portable measuring devices.
X-ray scanning and CT scanning are also crucial for measuring complex geometries. OEM metrology services cater to original equipment manufacturers, providing metrology products and services that adhere to internationally accepted standards. Quality control is a primary focus in the market, with cost reduction and reduced defects being significant benefits. CAD models and 3D modeling play a vital role in the optimization of quality and the implementation of CAM-based processes. These enable sustainable growth by addressing measurement issues and increasing production capacity. The aging population and rising consumerism necessitate the need for multiple functionalities. Capital investment in advanced metrology facilities and the latest metrology technology is essential for maintaining a competitive edge. These are integral to the manufacturing process, ensuring the highest standards of quality and efficiency. This hinders the growth of the market during the forecast period.
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments
The market encompasses a significant role in various industries, including manufacturing, automotive, aerospace, and healthcare. These services ensure measurement consistency and accuracy, contributing to product quality and process efficiency. Key players in the market offer solutions such as Coordinate Measuring Machines (CMMs), Portable Coordinate Measuring Machines (PCMMs), Laser Scanning, and 3D Scanning. These technologies cater to diverse industries, enabling measurement of complex geometries and structures. The market is driven by factors like increasing demand for high-precision measurement systems, growing automation in manufacturing processes, and the need for quality control in various industries.
Industrial Metrology refers to the science of measurement in industry. This critical field is essential for ensuring product quality, consistency, and accuracy in various industries, including manufacturing, automotive, aerospace, and healthcare. The integration of advanced technologies, such as Internet of Things (IoT) and Artificial Intelligence (AI), into Industrial Metrology is revolutionizing the industry. These technologies enable real-time measurement and analysis, leading to increased efficiency, improved product development, and enhanced quality control. Reverse engineering, a major application of Industrial Metrology, benefits significantly from these technological advancements. Furthermore, outsourcing metrology services to specialized companies is a growing trend, allowing organizations to focus on their core competencies while ensuring measurement accuracy and consistency. The Industrial Metrology market is expected to continue its steady growth due to the increasing demand for precision and accuracy in industries worldwide.
Metrology Services Market Scope |
|
Report Coverage |
Details |
Page number |
168 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 14.72% |
Market Growth 2024-2028 |
USD 1.20 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
14.22 |
Regional analysis |
Europe, APAC, North America, South America, and Middle East and Africa |
Performing market contribution |
Europe at 29% |
Key countries |
US, Canada, China, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AMETEK Inc., Apex Metrology Ltd, Atlas Copco AB, ATT Metrology Services, Automated Precision Inc., Avon Dynamic Calibration Ltd., Carl Zeiss AG, FARO Technologies Inc., Hexagon AB, In Place Machining Company LLC, Intertek Group Plc, Keyence India Pvt. Ltd., KLA Corp., Mitutoyo Corp., Nikon Corp., Optical Metrology Services Ltd, Optimax Imaging Inspection and Measurement Ltd, Quality Vision International Inc., Renishaw Plc, and Trescal International SAS |
Market dynamics |
Parent market analysis, market forecasting, 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 the market forecast period. |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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