Global Metrology Market was worth US$ 9.02 Bn in 2021 and total revenue is expected to grow at a rate of 6.8 % CAGR from 2022 to 2029, reaching almost US$ 15.28 Bn in 2029.
Metrology Market Overview
The report by Maximize Market Research focuses on the Metrology market and provides an in-depth analysis by segments and sub-segments in global and regional markets. The report also includes drivers, restraints, and macro factors affecting the global and regional Metrology markets in the medium and long run. The research includes an in-depth analysis of the global Metrology market’s trends, predictions, and monetary values. According to the report, between the years 2021 and 2029, the global Metrology market is predicted to grow at a significant CAGR.
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Metrology Market Scope
The report focuses on the major key drivers and restraints of the Metrology Market, as well as the current competitive benchmarking and development prospects. The report provides current Metrology market trends and future insights in terms of demand, supply chain, and sales, as well as recent changes in the market. Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price, Gross Margin & Sales by Product are all included in the Metrology market research report. For the competitive analysis, the report includes the profile of the key market players in the Metrology market including company overview, financial performance, product portfolio, and strategies. SWOT and PESTLE analysis were used for the research that combines quantitative and qualitative research methods.
Metrology Market Segmentation
The market is divided into two sub-segments based on product: CMS and ODS. By 2025, the market for CMM products is anticipated to reach USD 396.6 million, expanding at a CAGR of 4.9%. The ability of CMM to provide positional, dimensional, and surface measurement in a single system is anticipated to drive this market sector. Moreover, CMM makes it possible to measure objects precisely for testing, assembly, design, profiling, and reverse engineering of parts. High demand for CMM’s calibration, machine installation, and retrofitting services is anticipated to fuel market expansion during the time of the forecast. Its quick growth can be ascribed to its excellent length measuring accuracy as well as its speed and resolution for many applications. At pilot plants, these tools are used for metrology, styling, and automobile design applications.
The market is further divided into Automotive, Aerospace, Energy & Power, Manufacturing, Consumer Electronics, and Others based on end user. The aerospace market is anticipated to expand at a CAGR of 6.2% from 2019 to 2025. Metrology services have expanded as a result of the development of 3D measurement systems, portable CMMs, robot-mounted optical CMM scanners, cloud-based software application platforms, and dimensional metrology services. The automotive application category is expected to experience some growth during the projected period as a result of technological advancements in cars that increase component precision. Every seat, door, panel, and component in an automobile must be exactly aligned to guarantee passenger safety, comfort, and satisfaction.
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives
2. Assumptions and Research Methodology
2.1. Report Assumptions
2.3. Research Methodology
2.3.1. Secondary Research
126.96.36.199. Secondary data
188.8.131.52. Secondary Sources
2.3.2. Primary Research
184.108.40.206. Data from Primary Sources
220.127.116.11. Breakdown of Primary Sources
3. Executive Summary: Global Metrology Market Size, by Market Value (US$ Mn)
4. Market Overview
4.2. Market Indicator
4.3. Porter’s Analysis
4.4. Value Chain Analysis
4.5. Market Risk Analysis
4.6. SWOT Analysis
4.7. Industry Trends and Emerging Technologies
Metrology Market Key Players
• Carl Zeiss AG,
• Mitutoyo Corporation,
• Nikon Corporation,
• Renishaw PLC,
• Perceptron, Inc.,
• Faro Technologies,
• Pantac Metrology,
• Exact metrology Inc.,
• Jenoptik AG
• Automated Precision
• JLM Advanced Technical Services
• Precision Products
• CARMAR ACCURACY
• Pollen Metrology
• Cairnhill Metrology
Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America are the five regions that make up the Metrology market. The regional analysis provided in the report helps understand the Metrology market in different regions. Every region has different factors such as political, geographic, economic, etc. which are affecting the Metrology market. Local and regional development plans are often affected by the performance of the Metrology market. The reports help in planning the market strategies which are suitable and appropriately applicable according to specific countries and regions in the market.
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Key Questions answered in the Metrology Market Report are:
- What is Metrology Market?
- What is the forecast period of the Metrology Market?
- What is the competitive scenario of the Metrology market?
- Which region held the largest market share in the Metrology Market?
- What are the opportunities for the Metrology Market?
- What are the restraining factors in the Metrology market?
- Who are the key players of the Metrology market?
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Metrology
- Landscape- Leading key players and other prominent key players.
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