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Metrology Market Research Report- Global Forecast to 2027 Metrology Market Research Report- Global Forecast to 2027

  • ID: MRFR/ICT/0558-HCRR
  • |
  • July, 2017
  • |
  • Region: Global
  • |
  • 110 pages
  • |
  • Half-Cooked Research Reports

Global Metrology Market Information, by Type (Industrial, Scientific, Legal), by End-user (Manufacturing, Automotive, Aerospace, Consumer products, Heavy industry), by Product (CMM, 3D scanner, Laser tracker) - Forecast 2027



Market Synopsis of Metrology Market:

Market Scenario


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 6.82% CAGR (2016-2027).


However, lack of skilled precision machine operators is one of the major factors which are hindering the growth of Metrology Market.


Key Market Findings:



  • Global Metrology market has reached USD 607.9 million in 2016 and is projected to exhibit USD 1255.5 million by the end of 2027 with a growing CAGR of 6.82%.

  • By type segment, the industrial metrology among all is growing with a highest revenue value of USD 350.44 million in 2016 and it is estimated to reach USD 878.51 million by the end of 2027, with growing CAGR of 8.71% is the fastest growing metrology type.

  • By product segment, the coordinated measuring machine (CMM) is estimated to show highest revenue of USD 848.93 million in 2027 from USD 363.33 million in 2016, with growing CAGR of 8.02% during forecast period 2016 to 2027.

  • By end-user segment, Manufacturing is showing highest revenue of USD 139.08 million in 2016 and is projected to exhibit USD 395.46 million by 2027, growing with highest CAGR of 9.97% during forecast period 2016-2027.




Segments


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 End-user: Aerospace, automotive, consumer electronics, industrial, and energy & power among others.


[Note: only qualitative information has been provided under the Type segment]


 
Regional Analysis of Metrology Market:


Europe 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 $176.53 million and is expected to grow over $397.33 million by 2027.  Metrology Market in Asia-Pacific market is expected to grow at CAGR of 10.60% from $ 141.84 million in 2016 to $485.85 million by 2027. The Europe market for Metrology Market is expected to grow at 6.67% CAGR (2016-2027).



Key Players


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.) and Faro Technologies (U.S.).  among others.


 
Industry News:



  • 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.


 

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 End-users and sub-segments.

  • To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market

  • To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Metrology market.


Americas



  • North America
    US

  • Canada

  • Latin America


Europe



  • Western Europe

  • Germany

  • France

  • U.K

  • Rest of Western Europe

  • Eastern Europe


Asia– Pacific


Asia

  • China

  • India

  • Japan

  • South Korea

  • Rest of Asia Pacific


The Middle East& Africa



The report for
Metrology market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

1              Introduction       9

1.1          Definition            9

1.2          Scope of the Study          9

1.2.1      Research Objective         9

1.2.2      Assumption        10

1.2.3      Limitation            10

1.3          Market Structure             10

2              Research Methodologies             11

2.1          Research Process             11

2.2          Primary Research             12

2.3          Secondary Research       12

2.4          Market Size Estimation  12

2.5          Forecast Model                13

3              Market Dynamics             14

3.1          Drivers  15

3.1.1      Growing Quality Requirement in Industrial Product          15

3.1.2      Use of Technically Advanced Devices for Measurement                15

3.1.3      Emerging High Tech Robots Serviceable in Automation, Energy Harvesting, and Semiconductor Wafer Inspection                15

3.2          Restraints            16

3.2.1      Lack of Technical Expertise          16

3.3          Opportunity       16

3.3.1      CMM or 3D Scanners Fetching Real Time Data    16

3.3.2      Measuring Changes in a Product Occurred Over a Time Period    16

3.4          Challenges          17

3.4.1      Changing Consumer Demand Over Industrial Product     17

4              Executive Summary        18

4.1          Industrial Metrology: Highly Adopted Metrology               19

4.2          Coordinated Measuring Machine (CMM): Widely Used Precision Measurement Product               19

4.3          Manufacturing and Automotive: Highest Revenue Generated End-user Sector  19

4.4          Europe: Leading Region and Asia-Pacific: Fastest Growing Region              20

5              Market Factor Analysis  21

5.1          Supply Chain Analysis     21

5.2          Porter’s Five Forces Analysis       22

5.2.1      Threat of New Entrants 23

5.2.2      Bargaining Power of Suppliers    23

5.2.3      Bargaining Power of Buyers        23

5.2.4      Threat of Substitutes     23

5.2.5      Rivalry   24

6              Global Metrology Market, By Type          25

6.1          Introduction       25

6.2          Market Size By Sub-segments    26

6.2.1      Industrial Metrology Market       26

6.2.2      Scientific Metrology Market        27

6.2.3      Other Metrology Market              28

7              Global Metrology Market, By Product    30

7.1          Introduction       30

7.2          Market Size by Sub-segments    31

7.2.1      Coordinate Measuring Machine (CMM) Market                31

7.2.2      Optical Digitizers and Scanners (ODS) Market      33

7.2.3      Other Metrology Products Market           35

8              Global Metrology Market, By End-Users               37

8.1          Introduction       37

8.2          Market Size by Sub-segments    38

8.2.1      Automotive        38

8.2.2      Aerospace          40

8.2.3      Energy & Power               41

8.2.4      Manufacturing  43

8.2.5      Consumer Electronics    44

8.2.6      Others  45

9              Global Metrology Market, By Region      47

9.1          Introduction       47

9.2          Market Size by Sub-segments    48

9.2.1      Europe 48

9.2.2      North America  51

9.2.3      Asia-Pacific         53

9.2.4      Rest of the World            56

10           Competitive Landscape 58

10.1        Introduction       58

10.2        Market Share Analysis   58

10.3        Key Developments         59

10.4        Company Profiles            60

10.4.1    Hexagon AB       60

10.4.1.1                Overview            60

10.4.1.2                Product Portfolio             61

10.4.1.3                Business Strategy & Key Developments                61

10.4.1.4                SWOT Analysis  62

10.4.2    ZEISS Group       63

10.4.2.1                Overview            63

10.4.2.2                Product Offered               64

10.4.2.3                Business Strategy & Key Developments                64

10.4.2.4                SWOT Analysis  64

10.4.3    Mitutoyo Corporation    65

10.4.3.1                Overview            65

10.4.3.2                Product Offered               65

10.4.3.3                Business Strategy & Key Developments                66

10.4.4    Nikon Corporation           67

10.4.4.1                Overview            67

10.4.4.2                Product offered               68

10.4.4.3                Business Strategy & Key Developments                68

10.4.4.4                SWOT Analysis  68

10.4.5    Renishaw Plc.    69

10.4.5.1                Overview            69

10.4.5.2                Product Offered               70

10.4.5.3                Business Strategy & Key Developments                71

10.4.5.4                SWOT Analysis  71

10.4.6    Perceptron, Inc.               72

10.4.6.1                Overview            72

10.4.6.2                Product offered               73

10.4.6.3                Key Developments         73

10.4.6.4                SWOT Analysis  74

10.4.7    Faro Technologies           75

10.4.7.1                Overview            75

10.4.7.2                Product offered               76

10.4.7.3                SWOT Analysis  76

10.4.8    Pantec Metrology            77

10.4.8.1                Overview            77

10.4.8.2                Product offered               77

10.4.9    Exact metrology Inc.       78

10.4.9.1                Overview            78

10.4.9.2                Product Offered               78

10.4.9.3                Key Development           78

10.4.10  Jenoptik AG       79

10.4.10.1              Overview            79

10.4.10.2              Product Offered               79

10.4.10.3              SWOT Analysis  80

List of Tables

TABLE 1                GLOBAL METROLOGY MARKET, BY TYPE, 2016-2027 (USD MILLION)          26

TABLE 2                GLOBAL INDUSTRIAL METROLOGY MARKET,2016-2027 (USD MILLION)   27

TABLE 3                GLOBAL SCIENTIFIC METROLOGY MARKET, 2016-2027 (USD MILLION)     28

TABLE 4                GLOBAL OTHER METROLOGY MARKET, 2016-2027 (USD MILLION)             29

TABLE 5                GLOBAL METROLOGY MARKET BY PRODUCT, 2016-2027 (USD MILLION) 31

TABLE 6                GLOBAL METROLOGY MARKET, BY COORDINATED MEASURING MACHINE (CMM), 2016-2027

(USD MILLION) 33

TABLE 7                GLOBAL METROLOGY MARKET, BY OPTICAL DIGITIZERS & SCANNERS (ODS) MARKET, 2016-2027

(USD MILLION) 34

TABLE 8                GLOBAL METROLOGY MARKET, BY OTHER PRODUCTS MARKET, 2016-2027 (USD MILLION)            36

TABLE 9                GLOBAL METROLOGY MARKET BY END-USERS, 2016-2027 (USD MILLION)              38

TABLE 10              GLOBAL METROLOGY MARKET, BY AUTOMOTIVE INDUSTRY, 2016-2027 (USD MILLION) 39

TABLE 11              GLOBAL METROLOGY MARKET, BY AEROSPACE INDUSTRY, 2016-2027 (USD MILLION)      41

TABLE 12              GLOBAL METROLOGY MARKET, BY ENERGY & POWER, 2016-2027 (USD MILLION)               42

TABLE 13              GLOBAL METROLOGY MARKET, BY MANUFACTURING, 2016-2027 (USD MILLION)             43

TABLE 14              GLOBAL METROLOGY MARKET, BY CONSUMER ELECTRONICS, 2016-2027 (USD MILLION)               45

TABLE 15              GLOBAL METROLOGY MARKET, BY OTHERS, 2016-2027 (USD MILLION)    46

TABLE 16              GLOBAL METROLOGY MARKET BY REGION, 2016-2027 (USD MILLION)     47

TABLE 17              EUROPE METROLOGY MARKET, 2016-2027 (USD MILLION)            50

TABLE 18              NORTH AMERICA METROLOGY MARKET, 2016-2027 (USD MILLION)         53

TABLE 19              ASIA-PACIFIC METROLOGY MARKET, 2016-2027 (USD MILLION) 55

 

List of Figures

FIGURE 1             GLOBAL METROLOGY MARKET STRUCTURE         10

FIGURE 2             MRFR RESEARH PROCESS             11

FIGURE 3             GLOBAL METROLOGY MARKET: DRIVERS & RESTRAINT   14

FIGURE 4             GLOBAL METROLOGY MARKET: SUPPLY CHAIN PROCESS               21

FIGURE 5             GLOBAL METROLOGY MARKET: PORTER’S FIVE FORCES ANALYSIS             22

FIGURE 6             GLOBAL METROLOGY MARKET, BY TYPE, 2016-2027 (USD MILLION)          25

FIGURE 7             GLOBAL METROLOGY MARKET, BY PRODUCT, 2016-2027 (USD MILLION)                30

FIGURE 8             GLOBAL COORDINATED MEASURING MACHINE (CMM) MARKET, 2016 & 2027 (%)            32

FIGURE 9             GLOBAL OPTICAL DIGITIZERS & SCANNERS (ODS) MARKET, 2016 & 2027 (%)         34

FIGURE 10           GLOBAL OTHER METROLOGY PRODUCTS MARKET, 2016 & 2027 (%)          35

FIGURE 11           GLOBAL METROLOGY MARKET, BY END-USER, 2016-2027 (USD MILLION)               37

FIGURE 12           GLOBAL METROLOGY MARKET, BY AUTOMOTIVE INDUSTRY, 2016 & 2027 (%)     39

FIGURE 13           GLOBAL METROLOGY MARKET, BY AEROSPACE INDUSTRY, 2016 & 2027 (%)          40

FIGURE 14           GLOBAL METROLOGY MARKET, BY ENERGY & POWER INDUSTRY, 2016 & 2027 (%)             42

FIGURE 15           GLOBAL METROLOGY MARKET, BY MANUFACTURING INDUSTRY, 2016 & 2027 (%)            43

FIGURE 16           GLOBAL METROLOGY MARKET, BY MANUFACTURING INDUSTRY, 2016 & 2027 (%)            44

FIGURE 17           GLOBAL METROLOGY MARKET, BY OTHER INDUSTRY, 2016 & 2027 (%)    46

FIGURE 18           GLOBAL METROLOGY MARKET, BY REGION, 2016-2027 (USD MILLION)   47

FIGURE 19           EUROPE METROLOGY MARKET, 2016-2027 (USD MILLION)            49

FIGURE 20           EUROPE MARKET, BY TYPE, 2016 & 2027 (%)         49

FIGURE 21           EUROPE MARKET, BY PRODUCT, 2016 & 2027 (%)              50

FIGURE 22           EUROPE MARKET, BY END-USERS, 2016 & 2027 (%)           50

FIGURE 23           NORTH AMERICA METROLOGY MARKET, 2016-2027 (USD MILLION)         51

FIGURE 24           NORTH AMERICA MARKET, BY TYPE, 2016 & 2027 (%)      52

FIGURE 25           NORTH AMERICA MARKET, BY PRODUCT, 2016 & 2027 (%)            52

FIGURE 26           NORTH AMERICA MARKET, BY END-USERS, 2016 & 2027 (%)         52

FIGURE 27           ASIA-PACIFIC METROLOGY MARKET, 2016-2027 (USD MILLION) 54

FIGURE 28           ASIA-PACIFIC MARKET, BY TYPE, 2016 & 2027 (%)              54

FIGURE 29           ASIA-PACIFIC MARKET, BY PRODUCT, 2016 & 2027 (%)    55

FIGURE 30           ASIA-PACIFIC MARKET, BY END-USERS, 2016 & 2027 (%)                55

FIGURE 31           REST OF THE WORLD (ROW) MARKET, BY TYPE, 2016 & 2027 (%) 56

FIGURE 32           REST OF THE WORLD (ROW) MARKET, BY PRODUCT, 2016 & 2027 (%)       57

FIGURE 33           REST OF THE WORLD (ROW) MARKET, BY END-USERS, 2016 & 2027 (%)    57

FIGURE 34           GLOBAL KEY PLAYERS MARKET, 2016 (%)               58

FIGURE 35           KEY DEVELOPMENT TRENDS 2016 (%)     59

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