Metrology Services market

Metrology Services Market Size-(2023-2028):

The worldwide metrology market is predicted to grow from USD 607.5 million in 2022 to USD 1255.8 million by 2028, with a CAGR of 6.43% during the foreseen period.

Escalatingcall for industrial product quality, the use of technically advanced measuring devices, and emerging high-tech robots usable in automation, energy recovery, and semiconductor wafer inspection are predicted to stimulate the metrology market during the foreseen period.

Metrology is a measurement science that is performed by a Coordinate Measurement Machine (CMM) and scanners and optical scanners. The Coordinated Measurement Machine (CMM) is in high call in the market due to its beneficiary services, namely the installation, calibration, modernization, and repair of the machine. On the other hand, Optical Scanners and Scanners (ODS) are predicted to form the fastest-growing segment due to their rapid measurement technique. In traditional measurement techniques, CMMs are widely employed because they provide high-precision service to manufacturers. The coordinate measuring machine (CMM) is a mechanical system designed to examine the physical geometric characteristics of an object that can be a component, a machine tool, medical equipment or an assembled final product and that can be controlled manually. Optical scanners and scanners are technologies that measure the configuration of a component using light and other measurement properties such as distance, height, and weight. ODS offers the possibility to perform fast and precise measurements with perfection. 3D color scanning, simulation verification, component inspection, quality control, surface verification, reverse engineering, inline calibration and validation and mobile optical metrology in injection molding are some of the applications of optical scanners and digitizers (ODS) in metrology services.

Metrology Services Market Trends:

Changing consumer calls for industrial products and escalating technological advances in measurement techniques have developed the need for more accurate and precise industrial products. To provide quality-assured products and increased durability, the automotive, aerospace, power, consumer electronics and manufacturing industries are widely implementing metrology solutions. Metrology measures the current level of accuracy and precision of a product. However, it will also be beneficial to be able to measure the physical changes that have occurred in a product over time. Each product changes its physical characteristics over a period of time. Metrology must be performed to measure these technical and physical changes in order to predict their performance in the future. For example, rubber products tend to change their physical and technical characteristics over time.

Recent Developments in the Metrology Services Market:

A spokesperson for LK Metrology noted in a press release that the latest measurement services department now provides CMM dimensional inspection for several types of precision components, fabricated parts, and assemblies in the latest eco-friendly laboratory. control.

Metrology Services Market Drivers:

The manufacturing industry is highly adopting CAD software to minimize the time required to design an updated product and automate machine tool processes. Using metrology services to compare a component or tool to a CAD model will further improve the efficiency of the inspection process. In addition, metrology services also assist manufacturers in reverse engineering, which involves producing CAD models of complex tools or components with a high degree of precision. This, coupled with applications of metrology services in additive manufacturing, will drive the expansion of the metrology services market at a CAGR of around 7% during the foreseen period. Furthermore, the anticipated expansion of luxury cars and fuel-efficient vehicles, taking into account all possible safety measures, especially for developing countries, has increased the overall call for metrology solutions in the market. It is predicted that the use of cloud-based metrology software packages, such as geometric size and tolerance, on the machine, point cloud, robotic metrology, laser scanning technology, automated metrology software and multisensory enhance market expansion in industrial manufacturing industries.

Metrology Services Market Restraints:

Lack of technical expertise is predicted to restrict the market during the foreseen period.

Opportunities in the Metrology Services Market:

The development of software-based process automation and portable metrology equipment for industry-specific custom services has also contributed to market expansion. Furthermore, the sustained increase in personal disposable income, especially in emerging economies, has significantly boosted the call for luxury goods and finished goods. The growing need to produce high-quality components in industries such as aerospace, automotive and power generation is driving the call for metrology services. The expansion of the aerospace and defense industries is also driving market expansion. Metrology services play a key role in various industrial applications. They are primarily employed for surface analysis, flake analysis, melt modulation, and grain size. Due to these characteristics, the market is predicted to experience substantial expansion during the foreseen period.

Challenges in the Metrology Services Market:

The changing consumer call for industrial products is predicted to become a challenge for the metrology market.

METROLOGY SERVICES MARKET REPORT COVERAGE:

Metrology Services Market Segmentation:

By Product:

• CMM

• ODS

The ability of CMM to provide position, dimension, and area measurements in a single system is predicted to be the key factor in this segment. Additionally, CMM provides accurate object measurement for testing, assembling, designing, profiling, and reverse engineering of parts. A strong call for calibration, machine installation, and modernization provided by CMM is predicted to further drive market expansion during the foreseen period.

By Application:

• Automotive

• Aerospace

• Industrial

The Automotive Applications segment is predicted to see moderate expansion during the foreseen period due to technological advancements in automobiles, resulting in a higher level of component precision. Every seat, door, panel, and component in a car must be precisely aligned to promote passenger safety, comfort, and satisfaction.

Metrology Services Regional Analysis:

• North America 
• Europe 
• Asia Pacific
• Latin America 
• Middle East & Africa 

Europe accounted for the largest market share for metrology services in 2020. Factors such as the growing call for aerospace and defense equipment from developing countries and the presence of large manufacturing bases from end-user industries will drive the region's contribution. the expansion in the size of the metrology services market. North America is predicted to see a strong expansion in the coming years. In North America, metrology services are employed in various power generation procedures, such as shafts, turbines, volute casing geometry and assembly, and other applications. Europe is predicted to dominate the worldwide metrology services market during the foreseen period. There are a large number of car manufacturers in Europe. Metrology services are most often employed for examination in a car assembly pilot plant in the automotive industry to avoid quality problems when making a new car.

Asia-Pacific is predicted to become the fastest-growing region during the foreseen period due to the extravagant expansion of the regional defense and aerospace industry. Power generation and industrial applications are predicted to drive the Asia-Pacific metrology services market. 3D scanner-based metrology services are employed in the power generation industry for different applications. Dimensional metrology applications are employed for the power generation industry, which uses the latest laser technology, portable coordinate measuring arms, and a high-volume scanner. Metrology services are employed in different power generations, including horizontal machine bearings, main shaft, casting, turbines, vertex alignment, spiral housing geometry and assembly, and other applications.

Metrology Services Market Key Players:

A few of the major competitors currently working in the global metrology services market are Hexagon AB, Carl Zeiss AG, Renishaw plc, Nikon Metrology Inc., Quality Vision International, Optical Metrology Services Ltd, Perceptron, Inc., Intertek Group plc, Dimensional Metrology Services., Marand Precision, Verus Precision Ltd, CREAFORM, East Coast Metrology, LLC, Metalock Engineering Group, Metrology Services, Inc., Rice Lake Weighing System, Roberts Metrology Services, Precision Optical, Covalent Metrology Services, Greywall, Inc, Apex Alabama among others.