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Metrology is a field that is concerned with the establishment of units of measurement. Metrology finds applications across different industry verticals and is witnessing dynamics shift. Various metrology products are used in numerous applications including quality control, reverse engineering, 3D measurement, product quality optimization, etc.

The global metrology services market is estimated to account for US$ 3,337.9 Mn in terms of value by the end of 2030.

Market Driver:                                                      

Growing adoption of CAD/CAM and international quality standards is expected to drive growth of the global metrology services market during the forecast period

Manufacturers are increasingly adopting computer-aided design and computer-aided manufacturing (CAD/CAM)-based processes to the manufacturing cycle for its advantages such as cost reduction, reduced defects, and shorter production cycle. Manufacturers are adopting internationally-accepted standards such as QS-9000, ISO-9001, Six sigma, in order to cater to global clients’ requirements. As a result of this, the demand for metrology services has increased significantly. Hence, these factors are expected to drive growth of the global metrology services market during the forecast period.

Rising pressure on global infrastructure is expected to propel the global metrology services market growth over the forecast period

According to the United Nations (UN), the global population is expected to reach around 9 billion by 2050 with around 180,000 people being added to the urban population every day. According to the same source, over 2 billion people would be age above 60 years. All this is directly expected to put substantial stress on food, energy, and other primary needs. As a result, manufacturers are under constant pressure to meet the growing demand and keep their production capacity at par with rising demand. Thus, trends such as fast-growing and aging population and rising consumerism are putting pressure on global infrastructure and resources. There is a need to effectively manage these challenges for sustainable growth. Hence, these factors are expected to propel the global metrology services market growth over the forecast period.

Figure 1: Global Metrology Services Market Share (%), in terms of Value, By Region, 2021

Metrology Services  | Coherent Market Insights

Restraint:

Lack of universal standards is expected to hamper the global metrology services market growth over the forecast period

Although there is high demand for metrology services, there are several challenges services providers are facing, especially on the front of customized metrology solutions. This, in turn, hinders the development of universal systems with multiple functionalities. As a result of this, end users have to seek multiple service providers or a single service provider that can offer a wide range of metrology services. This, in turn, increases cost involved and enforces buyers to procure their own metrology products. Therefore, these factors are expected to hamper the global metrology services market growth over the forecast period.

High risk associated with regional trend is expected to restrain growth of the global metrology services market during the forecast period

There are several factors that affect growth of the market including the manufacturing process, automotive, etc. However, for metrology services providers, market development requires substantial capital investment in terms of facility, metrology products, labor, and other operational expenses. Therefore, for metrology services providers, it becomes difficult to immediately respond to global changes. Hence, these factors are expected to restrain growth of the global metrology service market in the near future.

Global Metrology Services Market - Impact of Coronavirus (Covid-19) Pandemic:

The COVID-19 pandemic is having a severe impact on the metrology business globally. The pandemic has prompted firms in a variety of industries to refocus their consumer reach and rethink their engagement strategy. Robotics is rapidly being used in advanced metrology services. To tackle existing and upcoming measurement issues in the automotive and energy industries, companies are now relying on onsite engineering and equipment services. As a result of the post-pandemic environment, end-use industries have made certain game-changing movements, consequently widening the avenues of the metrology services industry. The growing use of autonomous robots in production allows for real-time measurement data processing. This allows for simple measurement in measurement labs and periodic quality testing.

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Metrology Services Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2021: US$ 1,186.7 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2022 to 2030
Forecast Period 2022 to 2030 CAGR: 13.8% 2030 Value Projection: US$ 3,337.9 Mn
Geographies covered:
  • By Region: North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Segments covered:
  • By Product Type: 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)
  • By Application: Automotive, Aerospace, Industrial, Power generation and Others
Companies covered:

Hexagon AB, Trescal SA, Optical Metrological Services, Carl Zeiss Corporation, Danish Micro Engineering A/S, Nikon Metrology Inc., FARO Technologies, Inc., Renishaw plc, and Optical Gaging Products, Inc.

Growth Drivers:
  • Growing adoption of CAD/CAM and international quality standards is expected to drive growth of the global metrology services market during the forecast period
  • Rising pressure on global infrastructure is expected to propel the global metrology services market growth over the forecast period
Restraints & Challenges:
  • Lack of universal standards is expected to hamper the global metrology services market growth over the forecast period

Market Trends 

Key market players are involved in partnerships and collaborations, in order to enhance the market presence. In August 20th, 2022, LMI Technologies (LMI), a prominent provider of 3D scanning and inspection systems, has announced the official introduction of its newest Gocator 2600 Series of 4K+ resolution smart 3D laser line profile sensors. These factory-calibrated sensors feature custom optics and a powerful 9-megapixel imager to deliver 4200 data points per profile for high-resolution 3D scanning and inspection across broad fields of view in applications such as battery inspection, building materials, automotive, rubber and tyre production, and general factory automation. In March 23rd 2022, ETQ, a SaaS-based quality management system (QMS), environment, health and safety software, and compliance management software, has been acquired by Hexagon AB. The business will be part of Hexagon's Manufacturing Intelligence division. ETQ Reliance, ETQ's multitenant QMS software, serves as the data foundation for automating the gathering and distribution of production quality control data, nonconformance reports, and customer feedback.

Market Opportunity:

Growing outsourcing trend for dimensional inspection in medical sector can present lucrative growth opportunities

Manufacturers are outsourcing the task of dimensional inspection (measurement process used for examination of dimensions (2D or 3D) of an object), in order to ensure quality and consistency. Furthermore, it gives them access to advanced products at affordable prices. Opportunity exists especially in medical sector which has been an untapped market yet. This is because manufacturers of medical devices tend to rely on in-house solutions in order to maintain quality standards.

Major business opportunities in emerging economies

In current economic scenario, emerging economies such as Brazil, India, China, and Russia, are seen as a hub for manufacturing activities with growing output. This surge in manufacturing is more attributable to new small and medium-sized businesses, which are growing at a rate of 8.4%. These manufacturers due to limited capital are potential customers for metrology services, as it would help them to meet their production requirements in an economical way.

Figure 2: Metrology Services Market (US$ Mn) Analysis and Forecast, 2022 - 2030       

Metrology Services  | Coherent Market Insights 

Metrology Services Market was valued at US$ 1,186.7 Mn in 2021 and is expected to reach US$ 3,337.9 Mn by 2030, growing at a CAGR of 13.8% between 2022 and 2030.         

Key players operating in the global metrology services market are Hexagon AB, Trescal SA, Optical Metrological Services, Carl Zeiss Corporation, Danish Micro Engineering A/S, Nikon Metrology Inc., FARO Technologies, Inc., Renishaw plc, and Optical Gaging Products, Inc.

Metrology is a science of measurement. Metrology is used to validate and verify pre-standard. It helps manufacturers to enhance their efficiency by optimizing productivity without significantly affecting the resource requirements. There are a number of products that can be independently used or as integrated systems such as quality control or inspection, product quality optimization, measurement (3D), reduce scrap/waste generation, etc. Metrology finds applications across different industry verticals and is witnessing dynamics shift. Various metrology products are used in numerous applications including quality control, reverse engineering, 3D measurement, product quality optimization, etc.

Market Dynamics

The growing quality requirements in the industries and usage of advanced technology for measurement is expected to drive market growth during forecast period. To deliver high quality product to the customers, manufacturing industries, automotive, aerospace, power consumption, consumer electronics, and are employing metrology solutions in their industrial products. Metrology is used to measure high level of accuracy and precision feature of a product. Metrology is also used to measure physical and technical change to predict performance in the future.

Rising pressure on global infrastructure is expected to propel the global metrology services market growth over the forecast period. According to the United Nations (UN), the global population is expected to reach around 9 billion by 2050 with around 180,000 people being added to the urban population every day. According to the same source, over 2 billion people would be of age above 60 years. All this is directly expected to put substantial stress on food, energy, and other primary needs. As a result, manufacturers are under constant pressure to meet the growing demand and keep their production capacity at par with rising demand. Thus, trends such as fast-growing and aging population and rising consumerism are putting pressure on global infrastructure and resources. There is a need to effectively manage these challenges for sustainable growth. Hence, these factors are expected to propel the global metrology services market growth over the forecast period.

Market Taxonomy

This report segments the global metrology services market on the basis of product type, application and region. On the basis of product type, the global metrology services market is segmented into coordinate measuring machines (gantry machines, bridge machines, articulated arm machines horizontal arm machines), optical digitizers and scanners (3d laser scanners, white light scanners and laser trackers). On the basis of application, the global metrology services market is segmented into Automotive, Aerospace, Industrial, Power Generation and Others On the basis of region, the global metrology services market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Key features of the study:

  • This report provides an in-depth analysis of the global metrology services market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year.
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global metrology services market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered in the global metrology services market are Hexagon AB, Trescal SA, Optical Metrological Services, Carl Zeiss Corporation, Danish Micro Engineering A/S, Nikon Metrology Inc., FARO Technologies, Inc., Renishaw plc, and Optical Gaging Products, Inc.
  • The market players are focusing on strategic collaborations to innovate and launch new products to meet the increasing needs and requirements of consumers.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
  • The global metrology services market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global metrology services market.

Detailed Segmentation

  • Global Metrology Services Market, By Product Type:
    • 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
  •  Global Metrology Services Market, By Application:
    • Automotive
    • Aerospace
    • Industrial
    • Power generation
    • Others
  • Global Metrology Services Market, By Region:
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East and Africa
  • Company Profiles
    • Hexagon AB*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Trescal SA
    • Optical Metrological Services
    • Carl Zeiss Corporation
    • Danish Micro Engineering A/S
    • Nikon Metrology Inc.
    • FARO Technologies, Inc.
    • Renishaw plc
    • Optical Gaging Products, Inc.

 “*” marked represents similar segmentation in other categories in the respective section.

Frequently Asked Questions

Global metrology services market is expected to reach US$ 3,337.9 Million by 2030.
The market is expected to witness a CAGR of 13.8% during the forecast period (2022-2030).
ODS segment held the major market share in 2021 owing to high accuracy and improved speed provided by this segment in real-time operation.
Major factors hampering the growth of the market during the forecast period constitutes High risk associated with regional trend.
The market is expected to generate the highest revenue during the forecast period.
The market are Hexagon AB, Trescal SA, Optical Metrological Services, Carl Zeiss Corporation, Danish Micro Engineering A/S, Nikon Metrology Inc., FARO Technologies, Inc., Renishaw plc, and Optical Gaging Products, Inc.

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