Report Id: SNS/ICT/2461 | July 2022 | Region: Global | 135 Pages
Report Scope & Overview:
The Metrology Software Market size was valued at USD 915.57 Million in 2022 and is expected to reach USD 1570.78 Million by 2030, and grow at a CAGR of 6.98% over the forecast period 2023-2030.
Metrology solutions are evolving from being only a tool for gathering or collecting data to being capable of data analysis and processing. Measurements are carried out in the manufacturing process rather than in measuring rooms, increasing the need for metrology utilized in a modularized fashion in plants and production lines and influencing the demand for standard measuring equipment. The computing tools and methods employed for this mathematical study are referred to as metrology software. The goal of this discipline is to produce meanings for distinct measuring units in any field of science or technology, as well as to create a common understanding of all measured units, both theoretical and experimental.
Metrology software bridges the gap between CAD, ERP, MRP, and PLM. One of the first issues encountered when going through the design/build process is metrology. Post-CAD measurement data is frequently required to collect missing feature data, generate geometry for complicated surface profiles, and assist manufacturing, engineering, toolmaking, assembly guidance, and quality assurance.
Increased Push for Process Automation in the Manufacturing Industry.
Consumers' Demand for High-Quality Products.
There is a growing demand for intelligent and effective data acquisition, analysis, and evaluation tools, as well as powerful data management and reporting tools.
Inadequate Awareness to Challenge Market Growth.
To achieve precise details, the fabrication of electronics and semiconductors necessitates the use of metrology technologies.
Metrology devices are used in the manufacturing of healthcare items.
IMPACT OF COVID-19:
The COVID-19 epidemic has had a substantial impact on the IT sector. The disruption of the electronic supply-value chain and raw material supply has harmed the technology industry. The COVID-19 epidemic had a mixed effect on the expansion of the metrology software business since the COVID-19 lockdown enabled widespread adoption of newer technologies that allowed projects to continue in a virtual and digital environment even when participants were unable to meet in person.
The epidemic has prompted the industry to seek safer and more efficient methods of operation. The market, on the other hand, was impeded by a restricted industrial activity carried out as a result of the lockdown. However, the introduction of remote working has had a favorable influence on the sector. The emphasis on integrating digital approaches and big data analytics in the IT services and technology industries is predicted to result in a positive outlook.
According to the answer, demand for metrology services is predicted to grow at a rapid CAGR throughout the forecast period. The high cost of establishing a metrology facility and the scarcity of metrology professionals are the primary factors driving the growth of the services industry. Manufacturing businesses are outsourcing metrology measurement and inspection work to service providers in order to achieve shorter measuring times, lower measurement uncertainty, and process stability, which is driving metrology service growth.
The metrology software business was controlled by the quality control and inspection application sector, which is projected to continue during the projection period. Because of increased competition and the need to improve safety, several sectors, including automotive, aerospace and military, and semiconductor, have adopted quality control and inspection systems. Maintaining and improving a product's quality is critical in these businesses. Because industrial metrology equipment is the best available alternative in the market for quality control and inspection applications, its popularity has skyrocketed.
During the projected period, the automotive sector is likely to emerge as the most appealing end user after the manufacturing industry. In the automobile sector, metrology software is utilized in the early stages of the design, manufacture, and installation of single components and finished products, as well as the installation of automated production lines. The quality control and inspection process are critical for production since it allows for a faster reaction to quality concerns, resulting in increased demand for metrology software in the automobile sector. Technology has grown at a dizzying speed since the birth of flight, and planes are today immensely more complex. The application of metrology in aircraft has been key to this advancement. The relevance of metrology is likely to grow even more in the next decades, propelling the metrology software industry.
KEY MARKET SEGMENTS:
On The Basis of Solution
On The Basis of Application
Measurement and Alignment
Quality Control and Inspection
On The Basis of Industry
Aerospace and Defense
Power and Energy
Asia-Pacific is predicted to have the largest growth in metrology software solutions due to the presence of several automotive titans and aerospace institutions in the area, as well as their rising interest in high-accuracy metrology solutions. China is a major global industrial powerhouse. Because the precision and complexity of manufacturing processes are continually rising, the metrology software industry is predicted to grow, as China now has multiple national and international manufacturing facilities.
North America and Europe are seeing extraordinary growth. This is due to the existence of a large electronics sector in these areas. The adoption of precision engineering procedures with an emphasis on accuracy and durability in the creation of products by manufacturers in North America has led to a rise in the region's use of metrology software.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
The major key players are Renishaw plc, Carl Zeiss AG, 3D Systems, Inc, Konica Minolta, Inc., Innovative Metrology Solutions, Micro-Vu, Metrologic Group, General Electric, Verisurf Software Inc, Onto Innovation
|Market Size in 2022||US$ 915.57 Million|
|Market Size by 2030||US$ 1570.78 Million|
|CAGR||CAGR 6.98% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Solution (Metrology Software, and Services)
•by Application (Measurement and Alignment, Quality Control and Inspection, Virtual Simulation, Reverse Engineering, Others)
•by Industry (Automotive, Aerospace, and Defense, Power and Energy, Consumer Electronics, Healthcare, Manufacturing, 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, +D11UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Renishaw plc, Carl Zeiss AG, 3D Systems, Inc, Konica Minolta, Inc., Innovative Metrology Solutions, Micro-Vu, Metrologic Group, General Electric, Verisurf Software Inc, Onto Innovation|
|Key Drivers||•Increased Push for Process Automation in the Manufacturing Industry.
•Consumers' Demand for High-Quality Products.
|Market Restraints||•Inadequate Awareness to Challenge Market Growth.|
Frequently Asked Questions (FAQ) :
Ans: - The forecast period of the Metrology Software market is 2022-2028.
Ans: - To achieve precise details, the fabrication of electronics and semiconductors necessitates the use of metrology technologies.
Ans: - Asia-Pacific is predicted to have the largest growth in metrology software.
Ans: - The major key players are Renishaw plc, Carl Zeiss AG, 3D Systems, Inc, Konica Minolta, Inc., Innovative Metrology Solutions, Micro-Vu, Metrologic Group, General Electric, Verisurf Software Inc, Onto Innovation.
Ans: - The study includes a comprehensive analysis of Video as Service 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
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
188.8.131.52 United Kingdom
184.108.40.206 South Korea
220.127.116.11 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Metrology Software Market Segmentation, by Solution
8.1 Metrology Software
9. Metrology Software Market Segmentation, by Application
9.1 Measurement and Alignment
9.2 Quality Control and Inspection
9.3 Virtual Simulation
9.4 Reverse Engineering
10. Metrology Software Market Segmentation, by Industry
10.2 Aerospace and Defense
10.3 Power and Energy
10.4 Consumer Electronics
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Renishaw plc
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Carl Zeiss AG
12.3 3D Systems, Inc
12.4 Konica Minolta, Inc.
12.5 Innovative Metrology Solutions
12.7 Metrologic Group
12.8 General Electric
12.9 Verisurf Software Inc
12.10 Onto Innovation
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
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