The global metrology services market size was valued at USD 652.0 million in 2018 and is anticipated to expand at a CAGR of 5.9% over the forecast period. Increasing demand from industrial and power generation applications is expected to augment the growth. Rising demand for finished goods coupled with technological advancements is expected to bolster the growth.
Key industrial players incorporate and integrate their own advance metrology equipment pertinent to the requirement and hire an industry expert to run the system, which in turn, pulls down the overall cost of manufacturing in the long run. Development of software led process automation and portable metrology equipment for industry-specific customized services have added momentum to market growth. Need for high accuracy and fewer tolerance limits for automotive, aerospace, medical, electronics, and other industrial sectors is anticipated to fuel demand for Computer Aided Manufacturing (CAM) and Computer Aided Designed (CAD) based processes.
Industries, such as automotive, electronics, and power generation, require components with high precision and low tolerance limits. Additionally, rise in the international quality standards for precision management across the entire industry domain is inducing the demand for metrology equipment and services.
Development of the software led process automation and portable metrology equipment for industry specific customized services have also added momentum to the growth of the market. Moreover, sustainable rise in personal disposable income, specifically in the emerging economies in have significantly induced the demand for luxury goods and finished products.
Furthermore, the stipulated growth in the luxury automotive and fuel efficient vehicles taking into account all the possible safety measurements, especially for the developing countries have increased the overall demand for metrology solution in the market. The usage of cloud enabled metrology software packages such as geometric dimensioning and tolerance, on-machine, point cloud, robotic metrology, laser scanning technology, automated, and multisensory metrology software is expected to enhance the market growth in the industrial manufacturing industries.
The CMM product segment is anticipated to reach USD 396.6 million by 2025, at a CAGR of 4.9% over the forecast period. The ability of CMM to provide positional, dimensional, and surface measurement in a single system is expected to be the key driving factor for this segment. In addition, CMM provides a precise measurement of objects for testing, assembling, design, profiling, and reverse engineering of parts. High demand for calibration, machine installation, and retrofitting provided by CMM is expected to further impel market expansion over the forecast period.
Its growth accredits to high accuracy for length measurement, speed, and resolution for different applications. These machines are used for automotive design, styling, and pilot plant metrology applications. Their key benefits include high-temperature resistance capability, optimization for hard-to-scan surface, high accuracy, and fast data throughput to save time and money.
The Optical Digitizer and Scanner (ODS) segment is projected to expand at a CAGR of 6.6% over the forecast period. Laser scanners are capable of capturing entire geometry for inspection and engineering purposes. They offer high accuracy and improved speed in a real-time of operation. Increased application in areas such as surface analysis, gas turbine blade and automotive component inspection, automotive design and styling, and powertrain components are anticipated to drive the segment at a robust pace over the forecast period.
The aerospace segment is expected to expand at a CAGR of 6.2% from 2019 to 2025. The development of 3D measurement solution, portable CMM, robot-mounted optical CMM scanner, cloud-based software application platform, and dimensional metrology services led to the all-pervasive growth of the metrology services.
Automotive application segment is expected to witness moderate growth over the forecast period owing to technological advancements in automobiles resulting in increased level of precision of components. Every seat, door, panel, and component in an automobile must be precision aligned to promote passenger safety, comfort, and satisfaction. The necessity of tolerance measurement to inspect and assess equipment alignment on machinery is also driving the demand for metrology services. Moreover, the usage of portable coordinate measurement system, laser trackers, and portable coordinate measuring arms for the 3D inspection for process development of panels and assembled body panels measurement, jig inspection, robotic equipment adjustment, and hinge lines alignment also necessitates the demand.
Asia Pacific is expected to emerge as the fastest growing region over the forecast period owing to extravagant growth in the regional aerospace and defense industry. The industrial and power generation applications are expected to drive the metrology services market in Asia Pacific. 3D scanner based metrology services are used in power generation industry for different applications. Dimensional metrology applications are used for power generation industry, which uses latest laser technology and portable coordinate measurement arms and large volume scanner. Metrology services are used in different power generation include horizontal machine bearing, main shaft, casting, turbines, tops-off alignment, scroll case geometry and assembly, and other applications.
North America led the market in 2018 and is expected to continue the dominance over the forecast period. Europe closely followed the North American region. There are a large number of automotive manufactures present in Europe. Metrology services are mostly used in automotive industries for inspection in a pilot plant for vehicle assembly to avoid quality issues at the time of production of the new vehicle. In addition, 3D laser scanner technology is used for virtual assembling of the automotive components for physical evaluation prototypes and eliminates the need for costly specialized verification tooling. Hence, metrology services have a greater potential in the automotive industry in Europe.
Key players include Hexagon AB, Renishaw PLC, Carl Zeiss Ag, and Faro Technologies among others. This is mainly on account of diversified customer base and enhanced regional reach through various mergers and acquisitions along with other agreements. Other prominent service providers include Atos Se, Infosys Ltd, and Kofax Ltd among others.
A large number of potential suppliers offer similar solutions. Most players engage in continuous R&D activities to offer unique services at low cost. Additionally, launch of new products and a few other strategies such as target marketing is being adopted by the players to gain a competitive edge and greater market presence.
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Attribute |
Details |
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Base year for estimation |
2018 |
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Actual estimates/Historical data |
2015 - 2017 |
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Forecast period |
2019 - 2025 |
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Market representation |
Revenue in USD Million and CAGR from 2019 to 2025 |
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Regional scope |
North America, Europe, Asia Pacific, Rest of the World |
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Country Scope |
U.S., Canada, Mexico, Germany, UK, France, China, Japan, India, South Korea |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors and trends |
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15% free customization scope (equivalent to 5 analyst working days) |
If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization |
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Grand View Research has segmented the global metrology services market report on the basis of product, application, and region:
Product Outlook (Revenue, USD Million, 2015 - 2025)
CMM
Gantry Machines
Bridge Machines
Articulated Arm Machines
Horizontal Arm Machines
ODS
3D Laser Scanners
White Light Scanners
Laser Trackers
Application Outlook (Revenue, USD Million, 2015 - 2025)
Automotive
Aerospace
Industrial
Power Generation
Others
Regional Outlook (Revenue, USD Million, 2015 - 2025)
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Asia Pacific
China
Japan
South Korea
India
Rest of World
b. The global metrology services market size was estimated at USD 667.7 million in 2019 and is expected to reach USD 687.0 million in 2020.
b. The global metrology services market is expected to grow at a compound annual growth rate of 5.9% from 2019 to 2025 to reach USD 939.3 million by 2025.
b. North America dominated the metrology services market with a share of 36.2% in 2019. This is due to the industrial and power generation applications that are expected to drive the metrology services market in the region.
b. Some key players operating in the metrology services market include Hexagon AB; Renishaw PLC; Carl Zeiss Ag; and Faro Technologies.
b. Key factors that are driving the market growth include increasing demand from industrial and power generation applications, and rising demand for finished goods coupled with technological advancements.
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