San Francisco, California (PRWEB) September 03, 2014
The global metrology solutions industry is anticipated to attain USD 824.6 Million by 2020, according to a new study by Grand View Study, Inc. Rising demand for higher-precision components in important finish-use industries such as automotive, electronics and power generation is expected to drive the marketplace more than the forecast period. Development of metrology software program packages such as Geometric Dimensioning and Tolerancing, Robotic Metrology among others is expected to ease the implementation of metrology solutions in manufacturing industries. Integration issues, emerging as a outcome of the lack of a universal technique, are expected to pose a challenge to the growth of this market place. Furthermore, elevated bargaining power of buyers may possibly hinder industry growth.
The report “Metrology Services Market place Analysis By Product (CMM, ODS), By Application (Automotive, Aerospace, Industrial, Energy Generation) And Segment Forecasts To 2020,” is available now to Grand View Research clients at http://www.grandviewresearch.com/sector-evaluation/metrology-services-marketplace
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Further crucial findings from the study suggest:
Optical Digitizer and Scanners (ODS) dominated the metrology solutions market place, accounting for more than 55% of the general revenue in 2013, mostly due to higher precision and accuracy offered as compared to Coordinate Measuring Machines (CMM). Bridge machines emerged as the major CMM solution segment in 2013, accounting for more than 30% of the overall market place revenue in 2013. Bridge machines are far better suited for repeated measurements and are easy to calibrate. Laser trackers generated the highest income among ODS merchandise, which can be attributed to their enhanced accuracy and higher speed of operation.
Industrial applications emerged as the top segment in 2013, accounting for more than 25% of the overall market place revenue. This is mainly due to the use of metrology services in crucial operations, like good quality handle, inspection and mechanical style amongst other people. Automotive applications are expected to witness considerable growth due to an enhanced level of precision in elements as a consequence of technological developments in automobiles.
North America metrology services marketplace revenue is expected to attain USD 244.4 million by 2020, expanding at a CAGR of 8.2% from 2014 to 2020.
Asia Pacific is anticipated to be the market leader over the subsequent six years and contributed more than 30% of the worldwide market place income in 2013, mostly on account of booming automotive industry along with other finish-use industries including health-related and manufacturing.
Important organizations operating in the market place consist of Nikon Metrology Inc., Carl Zeiss Corporation, Optical Meteorological Solutions, Hexagon AB, Danish Micro Engineering A/S, Renishaw PLC., Optical Gaging Items Inc., Trescal SA and FARO Technologies Inc.
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For the objective of this study, Grand View Investigation has segmented the worldwide metrology services market on the basis of product, application and area:
Metrology Services Item Outlook (Income, USD Million, 2012 – 2020)
– Coordinate Measuring Machines (CMM)
– Gantry Machines
– Bridge Machines
– Articulated Arm Machines
– Horizontal Arm Machines
– Optical Digitizers and Scanners (ODS)
– 3D Laser Scanners
– White Light Scanners
– Laser trackers
Metrology Services Application Outlook (Revenue, USD Million, 2012 – 2020)
– Energy Generation
– Other individuals
Metrology Solutions Regional Outlook (Income, USD Million, 2012 – 2020)
– North America
– Asia Pacific
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About Grand View Research
Grand View Research, Inc. is a marketplace research and consulting firm that offers off-the-shelf, customized study reports and consulting services. To aid clients make informed business decisions, we provide market place intelligence research, making certain relevant and truth-primarily based study across a range of industries, from technologies to chemical substances, components and energy. With a deep-seated understanding of varied organization environments, Grand View Investigation offers strategic objective insights. For a lot more information, visit http://www.grandviewresearch.com/
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