Press-Releases

Metrology Services Market Size to Grow by USD 934.65 Million | By Application (heavy equipment, automotive, aerospace and defense, and others) and Geography | Market Size, Share, Trends Analysis, and Segment Forecasts, 2022-2026


NEW YORK, April 27, 2022 /PRNewswire/ — The Metrology Services Market Share is expected to increase by USD 934.65 million from 2021 to 2026, with an accelerated CAGR of 14.67%- according to the recent market study by Technavio. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario, future market trends, market size & estimations, and major investment pockets.


Technavio has announced its latest market research report titled Metrology Services Market by Application and Geography - Forecast and Analysis 2022-2026

Download Sample: for more additional information about the Metrology Services Market

Metrology Services Market Facts at a Glance-

  • Total Pages: 142
  • Companies: 10+ – Including AMETEK Inc., Apex Metrology Ltd., ATT Metrology Services, Automated Precision Inc., Avon-Dynamic Calibration Ltd., Carl Zeiss AG, East Coast Metrology LLC, FARO Technologies Inc., Hexagon AB, Intertek Group Plc, Mitutoyo Corp., Nikon Corp., Optical Metrology Services Ltd, Optimax Imaging Inspection and Measurement Ltd., Perceptron Inc., Quality Vision International Inc., Renishaw Plc, and Trescal SA among others
  • Coverage: Key drivers, trends, and challenges; Product insights & news; Value chain analysis; Parent market analysis; Vendor landscape; COVID impact & recovery analysis
  • Segments: Application (heavy equipment, automotive, aerospace and defense, and others) 
  • Geographies: Europe (Germany and UK), APAC (China), North America (US and Canada), South America, and Middle East and Africa

Vendor Insights-

The metrology services market is fragmented and the vendors are deploying growth strategies such as developing new energy vehicles, such as electric and fuel cell vehicles to compete in the market.

  • AMETEK Inc.- The company offers measurement communications and testing that provides the design, integration and installation of critical communication systems, workflow, life-safety solutions and many more.
  • Carl Zeiss AG- The company offers metrology solutions that include coordinate measuring machines, optical and multisensor systems and metrology software.
  • FARO Technologies Inc.- The company offers Quantum Max FaroArm Series that is ideal for precision assembly in tough industrial environments.

Find additional highlights on the vendors and their product offerings. Download Sample Report

Regional Market Outlook

29% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for the metrology services market in North America. Market growth in this region will be faster than the growth of the market in other regions. The aerospace, medical devices, and heavy equipment sector will facilitate the metrology services market growth in North America over the forecast period.

Download our sample report for more key highlights on the regional market share of most of the above-mentioned countries.

Latest Drivers & Trends of the Market-

  • Metrology Services Market Driver:
    • Growing use of CAD by manufacturers:

Manufacturers are increasingly using CAM software to automate machine tool operations. It requires CAD models to automate machine tool processes. Thus, the growing adoption of CAD by manufacturers is also increasing demand for metrology services as the comparison of a tool or component produced can be made quickly with a CAD model using a CMM, tracker, scanner, or visual device. Hence, the efficiency of the inspection process improves significantly. Also, metrology service providers offer reverse engineering services to manufacturers. Thus, CAD models of complex tools or components can be produced with the highest level of accuracy using reverse engineering. This is leading to increasing demand for metrology services and driving the growth of the market.

  • Metrology Services Market Trend:
    • Shrinking lifecycle of consumer and industrial products:

For instance, in India, the government has already started following the BS-VI emission norms for automotive vehicles, which was effecting from FY 2020 after skipping the BS V emission standards. Hence, automakers in India are developing powertrains and engines that are capable of complying with the BS-VI emission standards. These changes are being made across the entire value chain of the Indian automobile industry. Similarly, the global automobile industry is expected to witness a rapidly increasing demand for new energy vehicles. Thus, automakers are increasingly investing in the development of electric and fuel cell vehicles. This is expected to have a positive impact on the demand for metrology services during the forecast period.

Find additional information about various other market Drivers & Trends mentioned in our sample report.

Didn’t Find What You Were Looking For? Customize Report-

Don’t miss out on the opportunity to speak to our analyst and know more insights about this market report. Our analysts can also help you customize this report according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

We offer USD 1,000 worth of customization at the time of purchase. Speak to our Analyst now!

Here are Some Similar Topics-

Industrial Metrology Market by Type and Geography – Forecast and Analysis 2022-2026: The industrial metrology market share is expected to increase by USD 3.04 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.62%. To get more exclusive research insights: Download Sample Report

Digital Caliper Market by End-user and Geography – Forecast and Analysis 2021-2025: The digital caliper market value is projected to grow by $ 147.82 mn at a CAGR of 6.03% during 2021-2025. To get more exclusive research insights: Download  Sample Report

Metrology Services Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 14.67%

Market growth 2022-2026

$ 934.65 million

Market structure

Fragmented

YoY growth (%)

10.4

Regional analysis

Europe, APAC, North America, South America, and Middle East and Africa

Performing market contribution

North America at 29%

Key consumer countries

US, Canada, China, Germany, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

AMETEK Inc., Apex Metrology Ltd., ATT Metrology Services, Automated Precision Inc., Avon-Dynamic Calibration Ltd., Carl Zeiss AG, East Coast Metrology LLC, FARO Technologies Inc., Hexagon AB, Intertek Group Plc, Mitutoyo Corp., Nikon Corp., Optical Metrology Services Ltd, Optimax Imaging Inspection and Measurement Ltd., Perceptron Inc., Quality Vision International Inc., Renishaw Plc, and Trescal SA

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization preview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 13: Chart on Global – Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global – Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis – Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition – Five forces 2021 and 2026

5 Market Segmentation by Application

  • 5.1 Market segments
    • Exhibit 24: Chart on Application – Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Application – Market share 2021-2026 (%)
  • 5.2 Comparison by Application
    • Exhibit 26: Chart on Comparison by Application
    • Exhibit 27: Data Table on Comparison by Application
  • 5.3 Heavy equipment – Market size and forecast 2021-2026
    • Exhibit 28: Chart on Heavy equipment – Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Heavy equipment – Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Heavy equipment – Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Heavy equipment – Year-over-year growth 2021-2026 (%)
  • 5.4 Automotive – Market size and forecast 2021-2026
    • Exhibit 32: Chart on Automotive – Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on Automotive – Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on Automotive – Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Automotive – Year-over-year growth 2021-2026 (%)
  • 5.5 Aerospace and defense – Market size and forecast 2021-2026
    • Exhibit 36: Chart on Aerospace and defense – Market size and forecast 2021-2026 ($ million)
    • Exhibit 37: Data Table on Aerospace and defense – Market size and forecast 2021-2026 ($ million)
    • Exhibit 38: Chart on Aerospace and defense – Year-over-year growth 2021-2026 (%)
    • Exhibit 39: Data Table on Aerospace and defense – Year-over-year growth 2021-2026 (%)
  • 5.6 Others – Market size and forecast 2021-2026
    • Exhibit 40: Chart on Others – Market size and forecast 2021-2026 ($ million)
    • Exhibit 41: Data Table on Others – Market size and forecast 2021-2026 ($ million)
    • Exhibit 42: Chart on Others – Year-over-year growth 2021-2026 (%)
    • Exhibit 43: Data Table on Others – Year-over-year growth 2021-2026 (%)
  • 5.7 Market opportunity by Application
    • Exhibit 44: Market opportunity by Application ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview
    • Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 46: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison
    • Exhibit 48: Chart on Geographic comparison
    • Exhibit 49: Data Table on Geographic comparison
  • 7.3 Europe – Market size and forecast 2021-2026
    • Exhibit 50: Chart on Europe – Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on Europe – Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on Europe – Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on Europe – Year-over-year growth 2021-2026 (%)
  • 7.4 APAC – Market size and forecast 2021-2026
    • Exhibit 54: Chart on APAC – Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on APAC – Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on APAC – Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on APAC – Year-over-year growth 2021-2026 (%)
  • 7.5 North America – Market size and forecast 2021-2026
    • Exhibit 58: Chart on North America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on North America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on North America – Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on North America – Year-over-year growth 2021-2026 (%)
  • 7.6 South America – Market size and forecast 2021-2026
    • Exhibit 62: Chart on South America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on South America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on South America – Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on South America – Year-over-year growth 2021-2026 (%)
  • 7.7 Middle East and Africa – Market size and forecast 2021-2026
    • Exhibit 66: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)
  • 7.8 China – Market size and forecast 2021-2026
    • Exhibit 70: Chart on China – Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on China – Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on China – Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on China – Year-over-year growth 2021-2026 (%)
  • 7.9 Germany – Market size and forecast 2021-2026
    • Exhibit 74: Chart on Germany – Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on Germany – Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on Germany – Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on Germany – Year-over-year growth 2021-2026 (%)
  • 7.10 US – Market size and forecast 2021-2026
    • Exhibit 78: Chart on US – Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on US – Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on US – Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on US – Year-over-year growth 2021-2026 (%)
  • 7.11 UK – Market size and forecast 2021-2026
    • Exhibit 82: Chart on UK – Market size and forecast 2021-2026 ($ million)
    • Exhibit 83: Data Table on UK – Market size and forecast 2021-2026 ($ million)
    • Exhibit 84: Chart on UK – Year-over-year growth 2021-2026 (%)
    • Exhibit 85: Data Table on UK – Year-over-year growth 2021-2026 (%)
  • 7.12 Canada – Market size and forecast 2021-2026
    • Exhibit 86: Chart on Canada – Market size and forecast 2021-2026 ($ million)
    • Exhibit 87: Data Table on Canada – Market size and forecast 2021-2026 ($ million)
    • Exhibit 88: Chart on Canada – Year-over-year growth 2021-2026 (%)
    • Exhibit 89: Data Table on Canada – Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography
    • Exhibit 90: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges
    • Exhibit 91: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 92: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 93: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 94: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 95: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 96: Matrix on vendor position and classification
  • 10.3 AMETEK Inc.
    • Exhibit 97: AMETEK Inc. – Overview
    • Exhibit 98: AMETEK Inc. – Business segments
    • Exhibit 99: AMETEK Inc. – Key offerings
    • Exhibit 100: AMETEK Inc. – Segment focus
  • 10.4 Apex Metrology Ltd.
    • Exhibit 101: Apex Metrology Ltd. – Overview
    • Exhibit 102: Apex Metrology Ltd. – Product / Service
    • Exhibit 103: Apex Metrology Ltd. – Key offerings
  • 10.5 Carl Zeiss AG
    • Exhibit 104: Carl Zeiss AG – Overview
    • Exhibit 105: Carl Zeiss AG – Business segments
    • Exhibit 106: Carl Zeiss AG – Key offerings
    • Exhibit 107: Carl Zeiss AG – Segment focus
  • 10.6 FARO Technologies Inc.
    • Exhibit 108: FARO Technologies Inc. – Overview
    • Exhibit 109: FARO Technologies Inc. – Business segments
    • Exhibit 110: FARO Technologies Inc. – Key news
    • Exhibit 111: FARO Technologies Inc. – Key offerings
    • Exhibit 112: FARO Technologies Inc. – Segment focus
  • 10.7 Hexagon AB
    • Exhibit 113: Hexagon AB – Overview
    • Exhibit 114: Hexagon AB – Business segments
    • Exhibit 115: Hexagon AB – Key offerings
    • Exhibit 116: Hexagon AB – Segment focus
  • 10.8 Intertek Group Plc
    • Exhibit 117: Intertek Group Plc – Overview
    • Exhibit 118: Intertek Group Plc – Business segments
    • Exhibit 119: Intertek Group Plc – Key news
    • Exhibit 120: Intertek Group Plc – Key offerings
    • Exhibit 121: Intertek Group Plc – Segment focus
  • 10.9 Mitutoyo Corp.
    • Exhibit 122: Mitutoyo Corp. – Overview
    • Exhibit 123: Mitutoyo Corp. – Product / Service
    • Exhibit 124: Mitutoyo Corp. – Key offerings
  • 10.10 Nikon Corp.
    • Exhibit 125: Nikon Corp. – Overview
    • Exhibit 126: Nikon Corp. – Business segments
    • Exhibit 127: Nikon Corp. – Key news
    • Exhibit 128: Nikon Corp. – Key offerings
    • Exhibit 129: Nikon Corp. – Segment focus
  • 10.11 Optimax Imaging Inspection and Measurement Ltd.
    • Exhibit 130: Optimax Imaging Inspection and Measurement Ltd. – Overview
    • Exhibit 131: Optimax Imaging Inspection and Measurement Ltd. – Product / Service
    • Exhibit 132: Optimax Imaging Inspection and Measurement Ltd. – Key offerings
  • 10.12 Trescal SA
    • Exhibit 133: Trescal SA – Overview
    • Exhibit 134: Trescal SA – Product / Service
    • Exhibit 135: Trescal SA – Key offerings

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist
    • Exhibit 136: Inclusions checklist
    • Exhibit 137: Exclusions checklist
  • 11.3 Currency conversion rates for US$
    • Exhibit 138: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 139: Research methodology
    • Exhibit 140: Validation techniques employed for market sizing
    • Exhibit 141: Information sources
  • 11.5 List of abbreviations
    • Exhibit 142: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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UK: +44 203 893 3200

Email: media@technavio.com

Website: www.technavio.com/

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