Global Metrology Services Market (2019-2023) to Record a CAGR of Approx 7%

DUBLIN, May 13, 2019 /PRNewswire/ -- The "Global Metrology Services Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.

The metrology services market will register a CAGR of almost 7% by 2023.

Inability of traditional measurement products to analyze complex geometries will be a key factor driving the global metrology services market.

Metrology tools need to be integrated into manufacturing processes to ensure their availability on the factory floor, thus driving the demand for the metrology service providers and leading to market growth. OEMs need to have extensive control over the manufacturing process as well as the expertise to precisely measure components using modern metrology tools.

Growing adherence to global quality standards

The global manufacturing sector is focused on reducing the number of defects to stay competitive and increase profitability. This is possible by complying with global quality standards which aims at measuring different metrological dimensions of the product after every value addition activity.

Inadequate number of service providers that offer comprehensive metrology services

Only a few metrology service providers offer comprehensive services, including everything from comparing a manufactured part or tool with its CAD model. When OEMs develop in house expertise of measurement, they tend to avail the services of metrology service providers less frequently.

Competitive Landscape

The market appears to be moderately fragmented and with the presence of several companies. Factors such as the growing adherence to global quality standards and inability of traditional measurement products to analyze complex geometries, will provide considerable growth opportunities to metrology services manufactures.

Key Players

• FARO Technologies Inc.
• Hexagon
• Mitutoyo Corp.
• Nikon Corp.
• TRESCAL S.A.
• ZEISS International

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

• Market ecosystem
• Market characteristics
• Market segmentation analysis

PART 04: MARKET SIZING

• Market definition
• Market sizing 2018
• Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

PART 06: MARKET SEGMENTATION BY APPLICATION

• Comparison by application
• Heavy equipment - Market size and forecast 2018-2023
• Automotive - Market size and forecast 2018-2023
• Aerospace and defense - Market size and forecast 2018-2023
• Others - Market size and forecast 2018-2023
• Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

• Geographic comparison
• Europe - Market size and forecast 2018-2023
• APAC - Market size and forecast 2018-2023
• North America - Market size and forecast 2018-2023
• South America - Market size and forecast 2018-2023
• MEA - Market size and forecast 2018-2023
• Key leading countries
• Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

PART 11: MARKET TRENDS

• Shrinking lifecycle of consumer and industrial products
• Increasing number of M&A in the market
• Emerging applications of metrology services in additive manufacturing

PART 12: VENDOR LANDSCAPE

• Overview
• Landscape disruption
• Competitive scenario

PART 13: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors
• FARO Technologies Inc.
• Hexagon
• Mitutoyo Corp.
• Nikon Corp.
• TRESCAL S.A.
• ZEISS International

For more information about this report visit https://www.researchandmarkets.com/r/2gbwtd

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