Metrology Services Market Analysis Europe, APAC, North America, South America, Middle East and Africa - US, Canada, China, Germany, UK - Size and Forecast 2024-2028

Metrology Services Market Size 2024-2028

The metrology services market size is forecast to increase by USD 1.20 billion at a CAGR of 14.72% between 2023 and 2028.

• Metrology services play a crucial role in ensuring cost reduction and reduced defects in manufacturing processes by adhering to internationally accepted standards. The increasing production capacity and aging population, coupled with rising consumerism, necessitate sustainable growth in this market. The use of Computer-Aided Design (CAD) by manufacturers and the shrinking lifecycle of consumer and industrial products have led to a higher demand for metrology services. However, the inadequate number of service providers offering comprehensive metrology services poses a challenge. To address this, companies are investing in advanced technologies, software solutions, and multiple functionalities to cater to the growin market needs. This trend is expected to continue, as the focus on maintaining quality and efficiency in manufacturing processes remains a top priority.

What will the size of the market be during the forecast period?

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• The market is a critical component of the manufacturing industry, providing solutions for dimensional inspection, alignment services, and quality control. These services are essential for various sectors, including aerospace and manufacturing, to ensure the production of high-quality components and products. Metrology services encompass various techniques, such as 3D scanning, coordinate measuring, and laser trackers, to name a few. These technologies enable the measurement and analysis of complex geometries and help identify deviations from design specifications. Three-dimensional scanning, for instance, is a non-contact measurement technique that utilizes lasers or cameras to capture the surface geometry of components. Alignment services are another crucial aspect of metrology services. They ensure the proper positioning and orientation of components, which is vital for the successful assembly of complex systems. This process is particularly important in the aerospace industry, where misalignments can lead to catastrophic failures. Quality control is a primary focus for metrology services. By utilizing advanced metrology technologies, manufacturers can reduce defects and improve overall product quality. This not only leads to cost savings but also enhances customer satisfaction and brand reputation.
• Metrology automation and calibration laboratories are integral parts of the market. They provide advanced metrology solutions, including industrial robot calibration and metrology product sales, to help manufacturers streamline their processes and maintain consistent quality. X-ray scanning and CT scanning are additional metrology techniques that offer unique advantages. X-ray scanning can be used to inspect the internal structure of components, while CT scanning provides 3D images of complex geometries. These techniques are particularly valuable in industries where the internal structure of components is essential for their functionality. In conclusion, the market plays a vital role in the North American manufacturing sector by ensuring precision and accuracy in the production process. Through the application of advanced metrology technologies, manufacturers can optimize quality, reduce costs, and improve overall efficiency.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

• Application
  • Heavy equipment
  • Automotive
  • Aerospace and defense
  • Others
• Product
  • Coordinate measuring machines (CMM)
  • Optical digitizers scanners (ODS)
• Geography
  • Europe
    • Germany
    • UK
  • APAC
    • China
  • North America
    • Canada
    • US
  • South America
  • Middle East and Africa

By Application Insights

• The heavy equipment segment is estimated to witness significant growth during the forecast period.

Metrology services play a crucial role in the manufacturing process of heavy equipment used in industries such as oil and gas, power generation, earthmoving, excavation, and agriculture. These services ensure the accurate measurement and calibration of tools, fixtures, jigs, gauges, dies, manufactured components, and machinery. Onsite engineering and equipment services are essential for addressing measurement issues during the production process.

Further, in the energy industry, metrology services are utilized for the alignment of new components with existing equipment, reverse engineering, and the assessment of part deformation due to welding or thermal variations. The growth of infrastructure projects worldwide is driving significant investments in heavy equipment manufacturing, particularly in earthmoving, excavation, and agriculture-related activities. Metrology services are indispensable in maintaining the precision and efficiency of these manufacturing processes.

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The heavy equipment segment was valued at USD 307.01 million in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

• 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.

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Metrology services play a crucial role in ensuring quality control and component testing in various industries, particularly in Europe, which is a leading manufacturer of automobiles, aerospace and defense equipment, and medical devices. With over 290 vehicle manufacturing plants and thousands of automotive component suppliers in Europe, the demand for metrology services is significant. In 2020, Europe produced approximately 10.8 million vehicles, accounting for over one-fifth of global vehicle production. Additionally, Europe is a major hub for the aerospace and defense industry, which is projected to expand substantially due to rising demand from developing countries. Metrology services are essential for industries such as manufacturing, where precise measurements and alignment are critical.

Additionally, technologies like 3D scanning, coordinate measuring, and dimensional inspection are commonly used for this purpose. Metrology services providers offer alignment services and 3D scanning solutions to ensure product accuracy and consistency. 3D scanners are increasingly being adopted for reverse engineering, product development, and quality control applications. Alignment services help ensure that components are correctly assembled and positioned, while dimensional inspection ensures that components meet the specified dimensions. Coordinate measuring machines (CMMs) are used to measure the geometric characteristics of parts and assemblies, providing accurate and reliable data for quality control and process optimization. By leveraging metrology services, manufacturers can improve product quality, reduce production costs, and enhance customer satisfaction.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in adoption of Metrology Services Market?

The growing use of CAD by manufacturers is the key driver of the market.

• Metrology services play a crucial role in ensuring the accuracy and precision of manufacturing processes. Traditional methods of comparing tools or components with physical models have limitations, as they are time-consuming and error-prone. Modern metrology tools, such as Laser Trackers, Portable Measuring, X-ray scanning, and CT Scanning, have revolutionized the metrology landscape. These advanced tools enable manufacturers to compare a tool or component with a digital CAD model, facilitating faster and more accurate measurement. Moreover, the increasing adoption of 3D modeling and industrial robot calibration in various industries, including automotive, aerospace and defense, and heavy equipment, necessitates the use of metrology tools for non-critical parts.

• OEM Metrology solutions are increasingly being used to ensure the accuracy of production processes, thereby reducing errors and improving product quality. Metrology automation is another area where these tools are gaining popularity due to their ability to streamline processes and enhance productivity. Overall, metrology services are becoming an essential component of modern manufacturing, enabling manufacturers to maintain high levels of accuracy and precision in their production processes.

What are the market trends shaping the Metrology Services Market?

Shrinking lifecycle of consumer and industrial products is the upcoming trend in the market.

• The global manufacturing sector is witnessing a trend towards shorter product lifecycles due to escalating consumer demand for innovative goods and regulatory requirements. For instance, the average usage duration of a mobile phone by a consumer in India has been decreasing consistently. Similarly, the Indian government implemented the BS VI emission norms for automotive vehicles from FY 2020, which skipped the BS V standards. These factors necessitate OEMs to frequently launch new products and upgrade older models. Metrology services play a crucial role in ensuring cost reduction and reduced defects during production. Adherence to internationally accepted standards is essential for sustainable growth in the manufacturing industry.
• With an aging population and rising consumerism, the demand for metrology services is expected to increase. These services offer multiple functionalities, including ensuring production capacity and maintaining quality control. By utilizing metrology services, manufacturers can optimize their processes, improve efficiency, and enhance their competitive edge.

What challenges does Metrology Services Market face during the growth?

An inadequate number of service providers that offer comprehensive metrology services is a key challenge affecting the market growth.

• The market in the United States is characterized by a significant number of companies, leading to a fragmented landscape. These providers offer various metrology solutions, such as calibration of industrial equipment, reverse engineering, 3D measurement, and quality control. However, not all companies offer a complete suite of services, which may require manufacturers to engage multiple providers for a single manufacturing process. This fragmentation can lead to uncoordinated efforts and potential quality issues. Comprehensive metrology services encompass comparing manufactured parts to CAD models, reverse engineering, 3D modeling, calibration of industrial robots, and integration of metrology systems with computer-aided design (CAD), computer-aided manufacturing (CAM), and CAM-based processes.
• Seeking out providers that offer these services can streamline the manufacturing process and ensure optimal quality output. Metrology services play a crucial role in ensuring product accuracy and precision, making them an essential component of the manufacturing process for various industries. By partnering with a reliable metrology services provider, manufacturers can enhance their quality control processes and improve overall product performance.

Exclusive Customer Landscape

The market forecasting 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 market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, market forecast , partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• 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
• Trescal International SAS

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.

Research Analyst Overview

Metrology services play a crucial role in various industries, including aerospace and manufacturing, by ensuring quality control and optimization. These services encompass dimensional inspection, alignment, and coordinate measuring using advanced tools such as 3D scanners, laser trackers, and portable measuring devices. Metrology services are essential for industries that require high precision and adherence to internationally accepted standards. In the manufacturing sector, metrology services enable cost reduction and reduced defects by identifying measurement issues and implementing Cambased processes. The aging population and rising consumerism are driving sustainable growth in this market. Metrology services are also increasingly being adopted in the energy industry for onsite engineering and equipment services.

Moreover, advancements in technology have led to the development of autonomous robots and measurement labs for periodic quality testing. Collaborations between metrology service providers and technology companies are leading to the integration of multiple functionalities, such as 3D modeling, reverse engineering, and industrial robot calibration, into metrology products. The economic scenario in emerging economies is also fueling the demand for metrology services as they help improve production capacity and maintain quality and consistency in manufacturing processes. The medical sector is another growing area for metrology services, particularly in the inspection of medical devices using X-ray scanning, CT scanning, and other advanced measurement techniques.

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What are the Key Data Covered in this Market Research and Growth Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
• Precise estimation of the size of the market and its contribution of the market in focus to the parent market
• Accurate predictions about upcoming market growth and trends and changes in consumer behaviour
• Growth of the market across Europe, APAC, North America, South America, and Middle East and Africa
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies

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