Industrial Metrology Market By Type, By Equipment, By End-Use, By Application, By Geographic Scope and Forecast To 2025


Posted March 19, 2020 by jennysmith

Industrial Metrology Market was valued at USD 9.08 Billion in 2017 and is projected to reach USD 14.41 Billion by 2025, growing at a CAGR of 6.0% from 2018 to 2025.

 
Global Industrial Metrology Market Analysis
According to Verified Market Research, the Global Industrial Metrology Market was valued at USD 9.08 Billion in 2017 and is projected to reach USD 14.41 Billion by 2025, growing at a CAGR of 6.0% from 2018 to 2025.

The latest survey on Global Industrial Metrology Market is conducted covering various organizations of the industry from different geographies to come up with a 100+ page report. The study is a perfect mix of qualitative and quantitative information highlighting key market developments, challenges that industry and competition are facing along with gap analysis and new opportunity available and trend in the Industrial Metrology Market. The report bridges the historical data from 2013 to 2018 and forecasted till 2026. The report aims to present the analysis of Global Industrial Metrology Market By Type, By Equipment, By End-Use, By Application, By Region – North America, Europe, South America, Asia-Pacific, Middle East, and Africa. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities.

What is Industrial Metrology?
Industrial metrology is used in order to ensure that instruments used in a wide variety of industries are functioning properly. It also ensures the appropriateness of measurement instruments including the maintenance, quality control, and proper calibration of these instruments. Industrial metrology has a wide range of application in following end-user: Aerospace and Defense, Automotive, Manufacturing, Semiconductor, and many others. Rising big data analytics market and growing demand for inspection services in manufacturing units have fuelled the growth of industrial metrology market.

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Global Industrial Metrology Market Outlook
In the report, the market outlook section mainly encompasses the fundamental dynamics of the market which include drivers, restraints, opportunities, and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

Growing focus on quality control in various industries, rising demand for automobiles in developing countries and developing big data analytics market have been driving the global industrial metrology market. On the other hand, the high cost of setting up a metrology facility and lacking the expertise required for efficient handling of metrological systems might hamper the overall growth at a global level.

Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Industrial Metrology Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market. This can be of great use in gaining knowledge about cutting-edge technologies in the market.

Global Industrial Metrology Market Competitive Landscape
The “Global Industrial Metrology Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Hexagon, FARO Technologies, Nikon Metrology, Carl Zeiss Optotechnik, Jenoptik, GOM, and Creaform. Renishaw, KLA-Tencor, Applied Materials, Perceptron, GoM, Automated Precision, JLM Advanced Technical Services, Precision Products, CARMAR ACCURACY, Pollen Metrology, and Cairnhill Metrology. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Global Industrial Metrology Market, Segment Analysis
The Global Industrial Metrology Market is segmented on the basis of Type, Equipment, Application, End User, and Geography.

Global Industrial Metrology Market Segmentation, by Type
The market is segmented on the basis of:

• Hardware
• Software
• Solutions
• Services

Hardware accounted for the largest market share in 2018 and is projected to grow at the highest CAGR of 6.7% during the forecast period.

Global Industrial Metrology Market Segmentation, by Equipment
The market is segmented on the basis of:

• Coordinate Measuring Machine
• Optical Digitizer and Scanner
• Measuring Instrument
• X-Ray and Computed Tomography
• Automated Optical Inspection
• 2D Equipment

Coordinate Measuring Machine accounted for the largest market share in 2018 and is projected to grow at the highest CAGR during the forecast period.

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Global Industrial Metrology Market Segmentation, by Application
The market is segmented on the basis of:

• Reverse Engineering
• Quality Control and Inspection
• Mapping and Modelling
• Other

Quality Control and Inspection accounted for the largest market share in 2018 and is projected to grow at the highest CAGR during the forecast period.

Global Industrial Metrology Market Segmentation, by End-user
The market is segmented on the basis of:

• Aerospace and Defense
• Automotive
• Manufacturing
• Semiconductor
• Others

Automotive accounted for the largest market share in 2018 and is projected to grow at the highest CAGR during the forecast period.

Global Industrial Metrology Market Geographic Scope
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Latin America
o Brazil
• Rest of the World

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Issued By vmr
Country United States
Categories Business
Tags industrial metrology market
Last Updated March 19, 2020