Overview
The Metrology Market is anticipated to grow by US$1255.5
million by 2027 rapidly growing at a CAGR of 6.82% during the forecast period.
The global metrology market is driven by growing quality requirements in the
industrial product and emerging high-tech robots. These factors have helped
shape the Metrology
Market Share and are
expected to boost the growth. Companies in the metrology market could also face
challenges such as lack of technical expertise and low awareness. The
details covered in the metrology market report cover all the aspects of the
industry. metrology market analysts have also shared growth projections in the
report and have suggested metrology market players to plan growth strategies
accordingly.
Key Players:
The increase in demand for accuracy and precision measurements
in multiple industries is acting as an invitation to different entities for
investing in the metrology market causing the hike in the competition among the
player companies in the global metrology market. The prominent players in the Metrology
Market Size include Carl Ziess (Germany), Hexagon AB (Sweden), Mitutoyo Corp.
(U.S.), Reinshaw (U.K.), Nikon metrology (Belgium), Metrology software product
Ltd. (U.K.), 3D Digital Corporation (U.S.), Perceptiopn Inc. (U.S.) and Faro
Technologies (U.S.) and others.
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Market Segmentation
The global metrology market has been segmented based on
products, end-users, and type. On the basis of products, the market for
metrology is segmented based on optical digitizers and scanners (ODS),
coordinate measuring machine (CMM), and other metrology products. Additionally,
the market on the basis of type, is segmented into scientific metrology,
industrial metrology, and other metrology. The global market for metrology is
also covered based on the end-users segment which is further split into
aerospace, automotive, manufacturing, energy & aerospace, and consumer
electronics..
Factors like use of technically advanced devices for
measurement, support the metrology market growth. The performance of the
metrology market has also been studied for the past and current years.
Additionally, the metrology market report provides analysis of these segments.
The metrology market segmental analysis provided in the report offers major
details about the Metrology Market Size performance and future.
Regional Overview
Companies in the metrology market are spread across the world.
The metrology market report provides major information about regional markets
of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The
North American metrology market has many companies across the United States,
Canada, and Mexico. Europe has companies in the metrology market across
Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of
the Metrology Market Size across India, China, and Japan in the Asia-Pacific
region is also presented in the report. The metrology market of the Middle
East, Africa, and other regions has also been studied by analysts. The regional
analysis of the metrology market can be found in the market research report.
Competitive Landscape
The metrology market is supported by changing consumer demand
for industrial products and technical advancements. The population growth
around the world and increasing demand of metrology market based services and
products also support the market growth. However, the metrology market growth
can be affected due to lack of network-based infrastructure in some
regions. The report covers all such details which will help companies in the
metrology market to strengthen their business plan and improve their product
portfolio. The metrology market research report also provides company profiles
of major companies. The company profile of organizations operating in the
metrology market discusses strategies, growth plans, size, revenue, and mergers
and acquisition details of top companies in the metrology market. New entrants
and established players can plan their strategies based on this data provided
in the metrology market research report.
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Industry News
Onto Innovation Inc. today reported that it has acquired
Inspectrology, LLC. Inspectrology, based in Sudbury, Massachusetts, USA, is a
leading provider of outline metrology in the compound semiconductor industry to
monitor lithography and etch operations. This is a competitive match for the
range of products for the fast growth specialty and innovative packaging market
of Onto Innovation.
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