In a
recent report published by Transparency Market Research, a U.S.-based
market intelligence firm, it has been stated that the global
metrology services market was worth US$448.6 million in 2012 and is
estimated to be worth US$720.3 million by 2018. The report,
“Metrology Services Market - Global Industry Analysis, Size, Share,
Growth, Trends, and Forecast, 2012 - 2018”, also projects that the
metrology services market will register an 8.2% CAGR from 2012 to
2018.
The
global metrology services market is segmented on the basis of product
type into optical digitizers and scanners (ODS) and coordinate
measuring machines (CMM). Optical digitizers and scanners are further
divided into white light scanners, 3D laser scanners, and laser
trackers. ODS is the fastest growing and largest segment of the
metrology services market. Growing at an 8.9% CAGR, this segment is
expected to be worth US$435.8 million by 2018. Owing to touch probe
technology and precise measurements, in 2012, 3D laser scanners
accounted for 35.1% of the global metrology services market in terms
of demand. On the other hand, the demand for coordinate measuring
machines has also been on the rise in the metrology services market
and this segment is anticipated to register a 7.2% CAGR during the
forecast period.
The
end users of the global market for metrology services include
industrial, medical, electronics, automotive, power generation, and
aerospace. Of these, the industrial segment accounted for 28% of the
overall share of the metrology services market in 2012. The
automotive segment, on the other hand, is projected to witness rapid
growth from 2012 to 2018, growing at an 8.7% CAGR. The demand for
metrology services and products in the automotive sector is largely
driven by technological advancement of automotive parts and
components.
Geographically,
the metrology services market is divided into North America, Europe,
Asia-Pacific, and Rest of the World. Europe was the largest regional
market and held 31% share of the global metrology services market in
2012. One of the leading forces responsible for this growth in the
European markets is growing demand for metrology services from the
aerospace and industrial sectors. Registering a 9.2% CAGR,
Asia-Pacific is expected to be the fastest-growing regional market
for metrology services in the coming years, owing to a thriving
automotive sector and rapid industrialization.
Browse
the full Metrology Services Market - Global Industry Analysis, Size,
Share, Growth, Trends, and Forecast, 2012 - 2018 report at
http://www.transparencymarketresearch.com/metrology-services-market.html
There
are numerous factors driving the demand for metrology services. There
has been increasing adoption of international quality standards and
CAD/CAM, which has fueled the metrology services market. The lack of
applicability of current measuring equipment, coupled with shortage
of skilled precision machine operators has resulted in a growing
demand for metrology services. Moreover, capturing large amounts of
3D data for modeling and analysis requires metrology services, which
in turn, drives the market.
The
market for metrology services is characterized by intense
competition. Some of the major players in the global metrology
services market are Hexagon AB, Trescal SA, Optical Gaging Products,
Inc., Nikon Metrology Inc., FARO Technologies, Inc., Danish Micro
Engineering A/S, Optical Metrological Services, Carl Zeiss
Corporation, and Renishaw Plc.
Request
a Sample of this Report :
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=538
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