Latest News - Metrology Services Market: Heavy equipment is expected to lead the Application segment during 2024-2028

The Metrology Services Market is being driven by Growing use of CAD by manufacturers

The Metrology Services Market is expected to grow at a CAGR of 14.72% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 1196.63 million. In the dynamic global manufacturing landscape, the metrology services market experiences continuous evolution due to shortening product lifecycles. This trend is driven by consumer demand for innovation and regulatory requirements. For instance, in the mobile phone industry, the average usage period is decreasing, while in the automotive sector, the implementation of stringent emission norms, such as BS VI in India from FY 2020, necessitates frequent product upgrades or discontinuation. These market dynamics underscore the importance of metrology services in ensuring accurate measurement and compliance with evolving standards. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• 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
    • US
    • Canada
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing use of CAD by manufacturers
• Growing adherence to global quality standards
• Inability of traditional measurement products to analyze complex geometries

However, the market also witnesses some limitations, which are as follows:

• Inadequate number of service providers that offer comprehensive metrology services
• Lack of focus on dimensional accuracy in small-scale manufacturing units
• Growing uncertainty about the future of conventional energy sources

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Market Scope in Metrology Services Market Research Report

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Research Analysis Overview

In the realm of advanced manufacturing, Metrology Services play a pivotal role in ensuring reduced defects and cost savings. Computer-Aided Manufacturing (CAM) and Computer-Aided Design (CAD) are integral to Metrology Services, enabling quality optimization through 3D measurement and modeling. Reverse engineering and alignment services are essential components of this process, allowing for precise dimensional inspection and industrial robot calibration. Metrology products, including calibration laboratories, metrology automation, and various scanning technologies such as CT Scanning, X-ray scanning, portable measuring, laser trackers, 3D scanners, and coordinate measuring machines, are crucial for component testing and quality control in manufacturing industries. OEM Metrology solutions cater to diverse sectors, including Aerospace, where precision and accuracy are paramount. Metrology Services encompass a wide range of applications, from 3D modeling and CAD model verification to CT Scanning and X-ray scanning for non-destructive testing. Portable measuring devices and laser trackers facilitate on-site inspections, while 3D scanning and coordinate measuring machines ensure accurate measurements and alignment services. By leveraging these advanced technologies, manufacturers can streamline their processes, enhance product quality, and ultimately reduce costs.

Market Research Overview

The Metrology Services Market is a segment of Technavio's comprehensive analysis of the Global Environmental and Facilities Services Market. This market encompasses businesses offering metrology services, which fall under the broader categories of waste management, facilities management, and pollution control services. Technavio's market size calculation is based on the consolidated revenue generated by these companies. Key growth drivers include the increasing prioritization of sustainability and environmental stewardship. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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