Home / News / Global Metrology Services Market to Exceed US$ 985.0 Mn by 2023 – Credence Research

Global Metrology Services Market to Exceed US$ 985.0 Mn by 2023 – Credence Research

According to a new market report published by Credence Research, Inc. “Metrology Services (By End-use Application (Industrial Manufacturing, Automotive, Electronics and Electrical, Aerospace, Energy and Power, and Other End-use Applications), By Product (Coordinate Measuring Machines (Articulated Arm Machines, Gantry Machines, Bridge Machines, and Horizontal Arm Machines), and Optical Digitizers and Scanners (3D Laser Scanners and Trackers, and White Light Scanners)) Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023”, the global metrology services market is expected to expand at a CAGR of 7.9% from 2016 to 2023, exceeding US$ 985.0 Mn by 2023.

Browse the full Metrology Services (By End-use Application (Industrial Manufacturing, Automotive, Electronics and Electrical, Aerospace, Energy and Power, and Other End-use Applications), By Product (Coordinate Measuring Machines (Articulated Arm Machines, Gantry Machines, Bridge Machines, and Horizontal Arm Machines), and Optical Digitizers and Scanners (3D Laser Scanners and Trackers, and White Light Scanners)) Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023 report at http://www.credenceresearch.com/report/metrology-services-market

Product Insights:

In simpler terms, metrology is a field of science concerned with both practical and theoretical aspects of measurement. Metrology solutions enable manufacturers to enhance and improve their manufacturing processes by allowing detailed inspection and measurements of every element involved. The rising trend towards precise engineering and complete automation in manufacturing units has been a massive boost to the market growth.

Competitive Insights:

The global metrology services market is moderately concentrated. The top four players account for the lions share in the global metrology service market. Hexagon AB, Carl Zeiss AG, Renishaw Plc., and Mitutoyo Corporation are identified as the leading metrology services providers worldwide. Other players including Nikon Metrology Inc., Danish Micro Engineering A/S, Optical Gaging Products Inc., Trescal SA, Optical Metrological Services, Faro Technologies, Inc., Perceptron, Inc., and GE Measurement & Control Solutions Inc. among others have been marked as promising and emerging players in the global metrology services market. Inorganic expansion through strategic partnerships and acquisitions are pushing the market towards consolidation. Strategic acquisitions and mergers have helped these established players to expand their product offerings and remain competitive in the market.

Browse the full report at http://www.credenceresearch.com/report/metrology-services-market

Key Trends:

Revival of the industrial manufacturing sector post economic slowdown
Growing demand for portable metrology solutions
Stringent regulations and standards for medical devices are pushing demand for metrology services in the healthcare segment
Innovations in laser-based 3 dimensional metrology
Growing preference for ODS metrology solutions over CMM solutions, especially in aerospace and automotive applications, where the need for precision, accuracy, and reliability is high

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About Us:

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

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Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.

Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.

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Contact:

Name: Chris Smith

Designation: Global Sales Manager

E-mail: sales@credenceresearch.com

Ph: 1-800-361-8290

Web:  Credence Research

 

Release ID: 5319

About Chris Smith

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