Transparency Market Research published new
market report "Metrology
Services Market - Global Industry Analysis, Size, Share, Growth, Trends, and
Forecast, 2012 - 2018," the global metrology services market is
expected to reach USD 720.3 million by 2018, growing at a CAGR of 8.2% from
2012 to 2018. Increased focus on precision and accuracy in manufacturing
processes has led to the growth of metrology services market. Considering the
complexity of the manufactured parts, it is important to have one or more
measurement technologies to ensure accurate measurements in order to
improve/maintain quality of the product. Metrology services market is
witnessing strong growth from end user industries such as automotive sector,
aerospace, and power generation industry.
Browse the full report at http://www.transparencymarketresearch.com/metrology-services-market.html
The global
metrology services market is segmented by product type into two major
categories as coordinated measuring machines (CMM) and optical digitizers and
scanners (ODS). Metrology services market for CMM is expected to grow at a CAGR
of 7.2% from 2012 to 2018. Increasing demand for CMM related services such as
machine installation, calibration, retrofitting, and repairing among others is
supporting the growth of metrology services market. ODS, which is the largest
and fastest growing segment, is expected to grow at a CAGR of 8.9% from 2012 to
2018 and reach the market size of USD 435.8 million by 2018. Among all the
product segments of ODS, the demand for 3D laser scanners is highest as it
offers measurement with precision of difficult geometries with the help of
touch probe technology. 3D laser scanners accounted for the total share of
around 35.1% of the total ODS market in 2012.
Among the end
user industries, industrial segment that comprises processing industries, metal
fabrication industry, and others is the largest contributor to the global
metrology services market. This segment accounted for around 28% share of the
total metrology services market in 2012. Automotive industry is expected to be
the fastest growing end user segment and is expected to grow at a CAGR of 8.7%
from 2012 to 2018. Technological advancement in automotives has increased the
level of precision of the parts and components, thus creating the demand for
metrology products and services.
Europe was the
leading regional market in 2012 and accounted for around 31% share of the
global metrology services market. Increased demand for metrology services in
industrial and aerospace applications in Europe was majorly responsible for its
leading share in global market. Asia Pacific is expected to grow at a CAGR of
9.2% from 2012 to 2018 and surpass Europe and North America by 2013 to become
the leading regional market for metrology services. This growth is mainly
fuelled by the demand from booming automotive industry in Asia Pacific along
with other end use industries including manufacturing, medical, and others.
Some of the
leading players in metrology services market include Hexagon AB, Carl Zeiss,
Mitutoyo Corporation, Nikon Corporation, Renishaw, Faro Technologies, and
others. Hexagon was the market leader in global metrology services market in
2012 followed by Carl Zeiss.
Various sub segments which are identified and analyzed are:
Market segments by product type
Coordinate Measuring Machines
(CMM)
- Gantry machines
- Bridge machines
- Articulated arm machines
- Horizontal arm machines
Optical Digitizers and Scanners
(ODS)
- 3D laser scanners
- White light scanners
- Laser trackers
Market segments by applications
- Automotive
- Aerospace
- Industrial
- Power generation
- Others (medical and electronics)
Market segments by geography
- North America
- Europe
- Asia-Pacific
- Rest of the world (Latin America, Middle East
and Africa)
Energy Related Published News Report :
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