Metrology Service Market Report: Trends, Forecast and Competitive Analysis to 2030

Metrology Service Trends and Forecast

The future of the global metrology service market looks promising with opportunities in the automotive, aerospace, power generation, and industrial markets. The global metrology service market is expected to reach an estimated $2.2 billion by 2030 with a CAGR of 6.1% from 2024 to 2030. The major drivers for this market are growing demand for reverse engineering and digitization across diverse sectors, rising emphasis on quality assurance and adherence to regulatory standards, and advancements in metrology technologies, such as, evolution of methods like 3D scanning and non-contact optical metrology.

A more than 150-page report is developed to help in your business decisions.

Metrology Service by Segment

The study includes a forecast for the global metrology service by type, end use industry, and region.

Metrology Service Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Coordinate Measuring Machines (CMM)
• Optical Digitizers and Scanners (ODS)

Metrology Service Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• Aerospace
• Automotive
• Power Generation
• Industrial
• Others

Metrology Service Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Metrology Service Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies metrology service companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the metrology service companies profiled in this report include-

• KLA Corporation
• Hexagon
• Jenoptik
• SGS Group
• Intertek Group
• Renishaw
• Carl Zeiss
• Sasco Metrology Services
• Faro Technologies
• Metrologic Group

Metrology Service Market Insights

Lucintel forecasts that coordinate measuring machines (CMM) will remain the higher growing segment over the forecast period due to capability of coordinate measuring machine (CMM) to deliver comprehensive measurements encompassing position, dimensions, and surface characteristics within a unified systems.

Within this market, aerospace will remain the largest segment over the forecast period due to widespread adoption of innovative solutions, such as 3D measurement solutions, portable CMMs, robot-mounted optical CMM scanners, cloud-based software applications, and dimensional metrology services.

North America will remain the highest growing region over the forecast period due to existence of substantial quantity of advanced manufacturing firms, including those in the aerospace and automotive sectors, as well as, rising demand for electric and hybrid vehicles among consumers in the region.

Features of the Global Metrology Service Market

Market Size Estimates: Metrology service market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Metrology service market size by type, end use industry, and region in terms of value ($B).

Regional Analysis: Metrology service market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, end use industries, and regions for the metrology service market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the metrology service market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the metrology service market size?

Answer: The global metrology service market is expected to reach an estimated $2.2 billion by 2030.

Q.2 What is the growth forecast for metrology service market?

Answer: The global metrology service market is expected to grow with a CAGR of 6.1% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the metrology service market?

Answer: The major drivers for this market are growing demand for reverse engineering and digitization across diverse sectors, rising emphasis on quality assurance and adherence to regulatory standards, and advancements in metrology technologies, such as, evolution of methods like 3d scanning and non-contact optical metrology.

Q4. What are the major segments for metrology service market?

Answer: The future of the metrology service market looks promising with opportunities in the automotive, aerospace, power generation, and industrial markets.

Q5. Who are the key metrology service market companies?

Answer: Some of the key metrology service companies are as follows:

• KLA Corporation
• Hexagon
• Jenoptik
• SGS Group
• Intertek Group
• Renishaw
• Carl Zeiss
• Sasco Metrology Services
• Faro Technologies
• Metrologic Group

Q6. Which metrology service market segment will be the largest in future?

Answer: Lucintel forecasts that coordinate measuring machines (CMM) will remain the higher growing segment over the forecast period due to capability of coordinate measuring machine (CMM) to deliver comprehensive measurements encompassing position, dimensions, and surface characteristics within a unified systems.

Q7. In metrology service market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the highest growing region over the forecast perioddue to existence of substantial quantity of advanced manufacturing firms, including those in the aerospace and automotive sectors, as well as, rising demand for electric and hybrid vehicles among consumers in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the metrology service market by type (coordinate measuring machines (CMM) and optical digitizers and scanners (ODS)), end use industry (aerospace, automotive, power generation, industrial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?