Dublin, Feb. 24, 2022 (GLOBE NEWSWIRE) -- The "Global Metrology Services Market (2021-2026) by Service, Product, Application, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Metrology Services Market is estimated to be USD 654.39 Mn in 2021 and is expected to reach USD 957.07 Mn by 2026, growing at a CAGR of 7.9%.
Market Dynamics
Key factors such as the increasing necessity of achieving high quality and expanding aerospace and defense industries are the primary reason for driving the market's growth. Gradual increase in demand for manufacturing, power generation and automotive applications and increasing awareness about security are providing growth opportunities to the market.
However, factors such as the high risk of data breaches and complexity are likely to restrain the market growth. Moreover, cyber attack is the key challenge in the market.
Market Segmentation
- The Global Metrology Services Market is segmented further based on Service, Product, Application, and Geography.
- By Service, the market is segmented into 3D Measurement, Product Quality Optimization, Quality Control and Inspection, Reverse Engineering, and Others.
- By Product, the market is classified as Coordinate Measuring Machines, and Optical Digitizers & Scanners.
- By Application, the market is classified as Automotive, Aerospace, Industrial, Power Generation, and Others.
- By Geography, America is projected to lead the market.
Company Profiles
Some of the companies covered in this report are Quality Vision International, Nikon Metrology, Renishaw, Carl Zeiss, Mitutoyo, Hexagon, Metrology Services, etc.
Countries Studied
- America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
- Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
- Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
- Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)
Competitive Quadrant
- The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Metrology Services Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.
Key Topics Covered:
1 Report Description
2 Research Methodology
3 Executive Summary
4 Market Influencers
4.1 Drivers
4.1.1 Increasing Demand from Industrial and Power Generation Applications
4.1.2 Increasing Necessity Of Achieving High Quality and Adoption of CAD/CAM
4.1.3 Lack of Applicability of Existing Measuring Equipment
4.1.4 Expansion Of Automotive Industries
4.2 Restraints
4.2.1 Design Complexity
4.3 Opportunities
4.3.1 Increasing Awareness about Security
4.3.2 Growing Demand for 3D Metrology Services
4.4 Challenges
4.4.1 Lack of Trained Machine Operators
4.4.2 Cyber Attacks and Data Breach
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
1. Global Metrology Services Market, By Service
2. Introduction
3. 3D Measurement
4. Product Quality Optimization
5. Quality Control and Inspection
6. Reverse Engineering
7. Others (After-Sales Services, Virtual Simulation)
6 Global Metrology Services Market, By Product
6.1 Introduction
6.2 Coordinate Measuring Machines
6.2.1 Gantry Machines
6.2.2 Bridge Machines
6.2.3 Articulated Arm Machines
6.2.4 Horizontal Arm Machines
6.3 Optical Digitizers and Scanners
6.3.1 3D Laser Scanners
6.3.2 White Light Scanners
6.3.3 Laser Trackers
7 Global Metrology Services Market, By Application
7.1 Introduction
7.2 Automotive
7.3 Aerospace
7.4 Industrial
7.5 Power Generation
7.6 Others
8 Global Metrology Services Market, By Geography
9 Competitive Landscape
9.1 Competitive Quadrant
9.2 Market Share Analysis
9.3 Strategic Initiatives
9.3.1 M&A and Investments
9.3.2 Partnerships and Collaborations
9.3.3 Product Developments and Improvements
10 Company Profiles
10.1 Absolute Metrology Services
10.2 AMETEK
10.3 Atlas Copco
10.4 Carl Zeiss
10.5 Dimensional Metrology Services
10.6 East Coast Metrology
10.7 Exact Metrology
10.8 FARO Technologies
10.9 Hexagon
10.10 Intertek
10.11 Metalock Engineering
10.12 Metrology Services
10.13 Mitutoyo
10.14 Nikon Metrology
10.15 Optical Metrology Services
10.16 Precision Optical
10.17 Quality Vision International
10.18 Renishaw
10.19 Rice Lake Weighing System
10.20 Roberts Metrology Services
10.21 Verus Metrology
10.22 Verus Precision
11 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/s5nbnw
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