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Report Scope & Overview:

The Metrology Services market size was valued at USD 771.3 Million in 2023 and is expected to reach USD 1.2 Billion by 2031 and grow at a CAGR of 5.9% over the forecast period 2024-2031.

Metrology is a branch of science dealing with measuring. Metrology services are measurement-related services supplied by various service providers to various industrial sectors. These services assist firms in improving their manufacturing processes by allowing for extensive examination and measurement of each component involved. Several metrology devices can be used separately or as a combined system in the production process for quality control and inspection, product quality optimization, 3D measurement, and reverse engineering, among other things.

Metrology Services Market Revenue Analysis

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Key industrial players include and integrate modern metrology equipment relevant to the demand and engage an industry specialist to administer the system, lowering total production costs in the long term. The advancement of software-led process automation and portable metrology equipment for industry-specific bespoke services has accelerated market expansion. The requirement for high precision and fewer tolerance limitations in the automotive, aerospace, medical, electronics, and other industrial sectors is expected to drive demand for computer-aided manufacturing (CAM) and computer-aided design (CAD) procedures.

MARKET DYNAMICS:

KEY DRIVERS:

  • Concerns about safety and security are growing.

  • Adoption of linked automobile systems is increasing.

  • Rising interest in premium, hybrid, and electric cars.

RESTRAINTS:

  • Increase in design complexity.

  • Data breaches and cyber assaults are becoming more common.

OPPORTUNITY:

  • Population acceptance of linked vehicles is growing.

  • The surge in demand from developing economies will generate even more opportunities.

IMPACT OF COVID-19:

The COVID-19 epidemic is having a severe impact on the worldwide metrology business. The epidemic has prompted firms in a variety of industries to refocus their consumer reach and rethink their engagement strategy. Robotics is rapidly being used in advanced metrology services. To tackle existing and upcoming measurement issues in the automotive and energy industries, companies are now relying on onsite engineering and equipment services. As a result of the post-pandemic environment, end-use industries have made certain game-changing movements, consequently widening the avenues of the metrology services industry. The growing use of autonomous robots in production allows for real-time measurement data processing. This allows for simple measurement in measurement labs and periodic quality testing.

MARKET ESTIMATION:

The CMM product sector is expected to expand throughout the projected period. The capacity of CMMs to offer positional, dimensional, and surface measurement in a single system is projected to be the primary driving force in this category. Furthermore, CMM enables exact object measurement for testing, assembling, design, profiling, and reverse engineering of components. The high demand for CMM calibration, machine installation, and retrofitting is likely to drive market development throughout the forecast period.

Over the forecast period, the Optical Digitizer and Scanner (ODS) sector is expected to grow. Laser scanners can capture whole geometry for inspection and engineering uses. They provide great precision as well as increased speed in real-time operation. Surface analysis, gas turbine blade and automotive component inspection, automotive design and style, and powertrain components are expected to propel the industry at a rapid rate throughout the projected period.

Over the projection period, the aerospace industry is predicted to grow. The development of 3D measurement systems, portable CMMs, robot-mounted optical CMM scanners, cloud-based software application platforms, and dimensional metrology services has resulted in the widespread expansion of metrology services. The automotive application category is predicted to develop moderately during the forecast period due to technological advances in autos resulting in higher component precision. To ensure passenger safety, comfort, and happiness, every seat, door, panel, and component in a car must be precisely aligned. The requirement for tolerance measurement to examine and assess machine alignment is also boosting the demand for metrology services. Furthermore, the usage of portable coordinate measurement systems, laser trackers, and portable coordinate measuring arms for 3D inspection of panels and assembled body panels measurement, jig inspection, robotic equipment adjustment, and hinge line alignment necessitates the requirement.

KEY MARKET SEGMENTS:

On The Basis of Product:

  • CMM
    • Gantry Machines
    • Bridge Machines
    • Articulated Arm Machines
    • Horizontal Arm Machines
  • ODS
    • 3D Laser Scanners
    • White Light Scanners
    • Laser Trackers

On The Basis of Application:

  • Automotive

  • Aerospace

  • Industrial

  • Power Generation

  • Others

Metrology Services Market Segmentation Analysis

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REGIONAL ANALYSIS:

North America led the worldwide market in 2021 and is likely to retain its dominance during the forecast period. This is due to the region's growing need for metrology services in aerospace and industrial applications. Because of the region's developing automotive sector and other end-user industries, such as manufacturing and medical, the Asia-Pacific market is predicted to grow at the fastest rate in the future years.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

KEY PLAYERS:

The major key players are KLA Corporation, Hexagon AB, Jenoptik, SGS Group, Intertek Group Plc., Renishaw PLC, Carl Zeiss AG, Sasco Metrology Services, Faro Technologies, Metrologic Group & Other Players.

Intertek Group Plc-Company Financial Analysis

Company Landscape Analysis

Metrology Services Market Report Scope:
Report Attributes Details
 Market Size in 2023  US$ 774.3 Mn
 Market Size by 2031  US$ 1.2 Bn
 CAGR   CAGR of 5.9% From 2024 to 2031
 Base Year  2023
 Forecast Period  2024-2031
 Historical Data  2020-2022
 Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
 Key Segments • By Product (CMM (Gantry Machines, Bridge Machines, Articulated Arm Machines, Horizontal Arm Machines) and ODS (3D Laser Scanners, White Light Scanners, Laser Trackers))
• By Application (Automotive, Aerospace, Industrial, Power Generation, and Others)
 Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
 Company Profiles KLA Corporation, Hexagon AB, Jenoptik, SGS Group, Intertek Group Plc., Renishaw PLC, Carl Zeiss AG, Sasco Metrology Services, Faro Technologies, Metrologic Group
 Key Drivers • Concerns about safety and security are growing.
• Adoption of linked automobile systems is increasing.
 Opportunities • Population acceptance of linked vehicles is growing.
• The surge in demand from developing economies will generate even more opportunities.

 

Frequently Asked Questions

Ans: - The Metrology Services Market size was valued at USD 864 Mn in 2022.

Ans: - The Metrology Services Market is growing at a CAGR of 7.3% over the forecast period 2023-2030.

Ans: - The Asia-Pacific market is predicted to grow at the fastest rate in the future years.

 Ans. The primary growth tactics of Metrology Services market participants include merger and acquisition, business expansion, and product launch.  

Ans: - The study includes a comprehensive analysis of Metrology Services Market trends, as well as present and future market forecasts. DROC analysis, as well as impact analysis for the projected period. Porter's five forces analysis aids in the study of buyer and supplier potential as well as the competitive landscape etc.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7. PEST Analysis

8. Metrology Services Market Segmentation, by Product

8.1 CMM

8.1.1 Gantry Machines

8.1.2 Bridge Machines

8.1.3 Articulated Arm Machines

8.1.4 Horizontal Arm Machines

8.2 ODS

8.2.1 3D Laser Scanners

8.2.2 White Light Scanners

8.2.3 Laser Trackers

9. Metrology Services Market, by Application

9.1 Automotive

9.2 Aerospace

9.3 Industrial

9.4 Power Generation

9.5 Others

10. Regional Analysis

10.1 Introduction

10.2 North America

10.2.1 USA

10.2.2 Canada

10.2.3 Mexico

10.3 Europe

10.3.1 Germany

10.3.2 UK

10.3.3 France

10.3.4 Italy

10.3.5 Spain

10.3.6 The Netherlands

10.3.7 Rest of Europe

10.4 Asia-Pacific

10.4.1 Japan

10.4.2 South Korea

10.4.3 China

10.4.4 India

10.4.5 Australia

10.4.6 Rest of Asia-Pacific

10.5 The Middle East & Africa

10.5.1 Israel

10.5.2 UAE

10.5.3 South Africa

10.5.4 Rest

10.6 Latin America

10.6.1 Brazil

10.6.2 Argentina

10.6.3 Rest of Latin America

 

11. Company Profiles

11.1 KLA Corporation

11.1.1 Financial

11.1.2 Products/ Services Offered

11.1.3 SWOT Analysis

11.1.4 The SNS view

11.2 Hexagon AB

11.3 Jenoptik

11.4 SGS Group

11.5 Intertek Group Plc.

11.6 Renishaw PLC

11.7 Carl Zeiss AG

11.8 Sasco Metrology Services

11.9 Faro Technologies

11.10 Metrologic Group

12. Competitive Landscape

12.1 Competitive Benchmarking

12.2 Market Share Analysis

12.3 Recent Developments

13. Conclusion

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

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This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

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Data Bank Validation

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