[ad_2]
Customer preferences shifting toward in-line metrology will be a key enabler for smarter metrology solutions and software, says Frost & Sullivan
SAN ANTONIO, June 30, 2022 /PRNewswire/ — The global market for dimensional metrology software is growing as organizations across sectors expedite automation to align with their digitalization agendas. Frost & Sullivan’s recent analysis, Global Dimensional Metrology Software Growth Opportunities, finds quality inspection and reverse engineering of components across applications to be key enablers for metrology equipment and software. Therefore, the global dimensional software market is expected to reach $850.4 million by 2026 from $613.7 million in 2021, an uptick at a compound annual growth rate (CAGR) of 6.7%.
For further information on this analysis, please click here
“With sustainability becoming the overarching theme across industries, focus on electric vehicles (EV), hydrogen fuel cells, and renewable energy sources is growing,” said Ram Ravi, Industry Principal at Frost & Sullivan. “Improving the efficiency of EV powertrains and electric motors will drive demand for metrology software.”
Ravi added: “As 30% of the manufacturers are in the early stages of digital transformation, the impact of in-line metrology in manufacturing will be prominent in the next two to four years. The trend will encourage vendors to strengthen their software capabilities and couple their solutions with technologies such as artificial intelligence (AI) and machine learning.”
The increasing demand for dimensional metrology software by key industry verticals—automotive, machine shops, and aerospace—presents lucrative growth opportunities for vendors, including:
Global Dimensional Metrology Software Growth Opportunities is the latest addition to Frost & Sullivan’s Industrial research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.
For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.
Global Dimensional Metrology Software Growth Opportunities
K730
Contact:
Sol Curet
Corporate Communications
E: sol.curet@frost.com
https://www.frost.com/
Photo- https://mma.prnewswire.com/media/1850338/Metrology_Solutions_Quality_Control.jpg
Source link
[ad_2]
The content is by PR Newswire. Headlines of Today Media is not responsible for the content provided or any links related to this content. Headlines of Today Media is not responsible for the correctness, topicality or the quality of the content.
[ad_2]
[ad_1] Nørresundby, 26 April 2024Announcement no. 23/2024 The Board of Directors of RTX has, cf. company announcement no. 20/2023 dated…
[ad_1] Gyroscope Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033 The Business Research Company's Gyroscope Global…
[ad_1] ODISHA, India, and LOS ANGELES, Calif., April 25, 2024 (SEND2PRESS NEWSWIRE) — In the 1880s, to call attention to…
In support of Hong Kong's new mega tourism and commerce drive, Alipay+ now enables users of 14 leading overseas mobile…
[ad_2] TOKYO, April 26, 2024 /PRNewswire/ -- KLab Inc. announced that its hit 3D action game Bleach: Brave Souls has…
[ad_1] CALGARY, Alberta, April 24, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of TransAlta Corporation (TSX: TA) (NYSE: TAC)…