Metrology Services Market- Rising Implementation Of International Quality Standards

Transparency Market Research has published a new report that offers an in-depth study of the global metrology services market. The report, titled "Metrology Services Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2012 – 2018", is available for sale on the company’s website. This report offers a comprehensive overview of the global metrology services market by highlighting the strengths, weaknesses, opportunities, and threats faced by this market.

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The biggest growth driver of the global metrology services market is the high adoption rate of CAD/CAM and rising implementation of international quality standards. Other factors contributing to the growth of this market are the shortage of skilled labor to operate precision machines and the poor utility value of the existing measuring equipment. In addition to this, accumulation and analysis of 3D data is also propelling the global metrology services market. According to the report, the global metrology services market was worth US$448.6 mn in 2012 and is estimated to be worth US$720.3 mn by 2018, growing at a CAGR of 8.2% from 2012 to 2018.

The global metrology services market is segmented on the basis of product type, applications, and geography. The types of products in this market are coordinate measuring machines (CMM) and optical digitizers and scanners (ODS). Coordinate measuring machines are further sub-segmented into bridge machines, gantry machines, articulated arm machines, and horizontal arm machines, while the optical digitizers and scanners segment is sub-segmented into white light scanners, 3D laser scanners, and laser trackers. The applications of metrology services are in the automotive industry, the aerospace industry, industrial sector, in power generation units, and others such as the medical industry and electronics industry. Geographically, the global metrology services market is segmented into North America, Asia Pacific, Europe, and Rest of the World.

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Metrology services are beneficial in increasing the efficiency by optimizing productivity without affecting the resource requirements. Different types of metrology products can be used independently or as an integrated system for quality control and inspection, 3D measurement, product quality optimization, reverse engineering, and others during manufacturing process. High precision equipments pose a significant challenge to the manufacturers to keep their inventory at par due to their high costs. This has given rise to service industry, where third party vendors offer measurement services to the manufacturers.

The metrology services market is segmented into two major categories based on product type namely coordinated measuring machines (CMM) and optical digitizers and scanners (ODS). Global metrology services market for CMM is expected to grow at a CAGR of over 7% from 2012 to 2018 while metrology services market for ODS is expected to show the growth rate of around 9% during the same forecast period. This is because ODS provides more precision for measurement of difficult geometries with touch probe accuracy. Among all the ODS products, demand for 3D laser scanners is highest due to its high accuracy and better preciseness.

Rise in industrialization in Asia Pacific in past few years significantly contributed to the growth of metrology services market. The rapidly booming automotive industry in Asia Pacific is the largest contributor to the global metrology services market.

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