Nikon metrology has announced in April 2016 about its new product development. It has developed MV331 and MV351 for faster measurement, automated and non-contact metrology. It also performs repetitive procedures and complex inspection task easily to enhance the measurement.
Faro Technologies has announced in July 2016 about its expansion of metrology and factory automation sectors by acquisition of Build IT software & solution, one of the leader in 3D metrology software platform.
Market Synopsis of Metrology Market:
The major growth driver of Metrology Market includes growing demand for measurement components from sectors such as automotive and energy and power sectors, and growing outsourcing trends in healthcare sector among others.
Hence the market for Metrology is expected to grow at XX% CAGR (2016-2027).
However, lack of skilled precision machine operators is one of the major factors which are hindering the growth of Metrology Market.
Some of the major players in Global Metrology Market include
· Hexagon AB (Sweden),
· Carl Zeiss (Germany),
· Mitutoyo Corp.(U.S),
· Nikon metrology (Belgium),
· Renishaw (U.K.),
· metrology software product Ltd.(U.K.),
· Pantec metrology (Germany),
· Perceptron Inc.(U.S.),
· 3D Digital Corporation (U.S.)
· Faro Technologies (U.S.).
Global Metrology Market can be segmented as follows:
Segmentation by Type: Industrial metrology, scientific metrology and legal metrology among others.
Segmentation by Product: CMM (coordinate measuring machine), optical digitizers, 3D scanners and Laser tracker among others.
Segmentation by Application: Aerospace, automotive, consumer electronics, industrial, and energy & power among others.
Objective of Metrology Market Study:
·To provide detailed analysis of the market structure along with forecast for the next 10 years of the various segments and sub-segments of the Global Metrology market.
· To provide insights about factors affecting the market growth.
·To Analyze the Metrology Market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
· To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).
· To provide country level analysis of the market with respect to the current market size and future prospective
· To provide country level analysis of the market for segment by type, by product, by applications and sub-segments.
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Regional Analysis of Metrology Market:
North-America is expected to dominate the Global Metrology Market with the largest market share due to continuous technology advancement and increasing financial support from government in the region, and therefore accounting for $XX million and is expected to grow over $XX billion by 2027. Metrology Market in Asia-Pacific market is expected to grow at CAGR of XX% from $ XX million in 2016 to $XX million by 2027. The Europe market for Metrology Market is expected to grow at XX% CAGR (2016-2027).
The market is divided into the following segments based on geography:
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Key questions answered in this report
What will the market size be in 2027 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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