Home / News / Global Metrology Software Market to Exceed US$ 652.1 Mn by 2023 – Credence Research

Global Metrology Software Market to Exceed US$ 652.1 Mn by 2023 – Credence Research

According to a new market report published by Credence Research, Inc. “Metrology Software (By End-use Application (Industrial Manufacturing, Electronics and Electrical, Automotive, Aerospace, Energy and Power, and Other End-use Applications), By Geography (North America, Europe, Asia Pacific, and Rest of World)) Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023”, the global metrology software market is expected to expand at a steady growth rate from 2016 to 2023, exceeding US$ 652.1 Mn by 2023.

Browse the full Metrology Software (By End-use Application (Industrial Manufacturing, Electronics and Electrical, Automotive, Aerospace, Energy and Power, and Other End-use Applications), By Geography (North America, Europe, Asia Pacific, and Rest of World)) Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023 report at http://www.credenceresearch.com/report/metrology-software-market

Product Insights:

Metrology is concerned with practical as well as theoretical aspects of measurement. Metrology software solutions are witnessing growing adoption among varied verticals on account of superior benefits offered in terms of flexibility and accuracy. In addition, their ability to integrate multiple functions within a single unit, thereby making equipment compact is further favoring their adoption in different verticals.

The prevailing trend towards precise engineering has also been instrumental in driving demand for metrology software solutions across the globe. Manufacturers across the globe are increasingly implementing Computer Aided Design and Computer Aided Manufacturing (CAD/CAM) based processes for minimizing the overall cost and building design time, thus leading to the growth of metrology software market.

Competitive Insights:

The metrology software market is facing the threat of growing consolidation as the leading players like Hexagon AB and Nikon Metrology, Inc. strive for strategic partnerships and acquisitions, leaving handful of vendors offering metrology software solutions. However, with growing demand for precision engineering and drive towards a one-stop shop strategy, we expect the number of vendors to swell in the coming years.

Hexagon AB and Nikon Metrology, Inc. are identified as the leading metrology software vendors worldwide. Other players including Renishaw Plc, Carl Zeiss AG, AICON 3D Systems GmbH, 3D Systems Corporation, Faro Technologies, Inc., Konica Minolta Sensing Inc., Innovative Metrology Solutions, Kotem Technologies Inc., Micro-Vu Corporation, Metrologic Group SA, GE Measurements & Control Solutions, Verisurf Software Inc., and Rudolph Technologies Inc. among others have been marked as promising and emerging players in the global metrology software market.

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

Key Trends:

Trend towards complete automation in manufacturing units
Increasing use in manufacture of high precision components and parts of automotives and aircrafts
Growing use of non-contact inspection systems in manufacture of electrical and electronic devices
Demand for laser-based 3D metrology
Strong growth in the Electronics and Electrical Segment
Demand for precision engineering driving innovations in metrology software

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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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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: 5345

About Chris Smith

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