Overview

The Metrology Market is anticipated to grow by US$1255.5 million by 2027 rapidly growing at a CAGR of 6.82% during the forecast period. The global metrology market is driven by growing quality requirements in the industrial product and emerging high-tech robots. These factors have helped shape the Metrology Market Share and are expected to boost the growth. Companies in the metrology market could also face challenges such as lack of technical expertise and low awareness. The details covered in the metrology market report cover all the aspects of the industry. metrology market analysts have also shared growth projections in the report and have suggested metrology market players to plan growth strategies accordingly.

Key Players:

The increase in demand for accuracy and precision measurements in multiple industries is acting as an invitation to different entities for investing in the metrology market causing the hike in the competition among the player companies in the global metrology market. The prominent players in the Metrology Market Size include Carl Ziess (Germany), Hexagon AB (Sweden), Mitutoyo Corp. (U.S.), Reinshaw (U.K.), Nikon metrology (Belgium), Metrology software product Ltd. (U.K.), 3D Digital Corporation (U.S.), Perceptiopn Inc. (U.S.) and Faro Technologies (U.S.) and others.

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Market Segmentation

The global metrology market has been segmented based on products, end-users, and type. On the basis of products, the market for metrology is segmented based on optical digitizers and scanners (ODS), coordinate measuring machine (CMM), and other metrology products. Additionally, the market on the basis of type, is segmented into scientific metrology, industrial metrology, and other metrology. The global market for metrology is also covered based on the end-users segment which is further split into aerospace, automotive, manufacturing, energy & aerospace, and consumer electronics..

Factors like use of technically advanced devices for measurement, support the metrology market growth. The performance of the metrology market has also been studied for the past and current years. Additionally, the metrology market report provides analysis of these segments. The metrology market segmental analysis provided in the report offers major details about the Metrology Market Size performance and future.

Regional Overview

Companies in the metrology market are spread across the world. The metrology market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American metrology market has many companies across the United States, Canada, and Mexico. Europe has companies in the metrology market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the Metrology Market Size across India, China, and Japan in the Asia-Pacific region is also presented in the report. The metrology market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the metrology market can be found in the market research report.

Competitive Landscape

The metrology market is supported by changing consumer demand for industrial products and technical advancements. The population growth around the world and increasing demand of metrology market based services and products also support the market growth. However, the metrology market growth can be affected due to lack of  network-based infrastructure in some regions. The report covers all such details which will help companies in the metrology market to strengthen their business plan and improve their product portfolio. The metrology market research report also provides company profiles of major companies. The company profile of organizations operating in the metrology market discusses strategies, growth plans, size, revenue, and mergers and acquisition details of top companies in the metrology market. New entrants and established players can plan their strategies based on this data provided in the metrology market research report.

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Industry News

Onto Innovation Inc. today reported that it has acquired Inspectrology, LLC. Inspectrology, based in Sudbury, Massachusetts, USA, is a leading provider of outline metrology in the compound semiconductor industry to monitor lithography and etch operations. This is a competitive match for the range of products for the fast growth specialty and innovative packaging market of Onto Innovation.

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