Feb 22, 2022   SOURCE: BusinessWire

Global Metrology Services Market (2021 to 2026) - by Service, Product, Application and Geography - ResearchAndMarkets.com

The "Global Metrology Services Market (2021-2026) by Service, Product, Application, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Metrology Services Market is estimated to be USD 654.39 Mn in 2021 and is expected to reach USD 957.07 Mn by 2026, growing at a CAGR of 7.9%.

Key factors such as the increasing necessity of achieving high quality and expanding aerospace and defense industries are the primary reason for driving the market's growth. Gradual increase in demand for manufacturing, power generation and automotive applications and increasing awareness about security are providing growth opportunities to the market.

However, factors such as the high risk of data breaches and complexity are likely to restrain the market growth. Moreover, cyber attack is the key challenge in the market.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  • Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

  • The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Metrology Services Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

Market Dynamics

Drivers

  • Increasing Demand from Industrial and Power Generation Applications
  • Increasing Necessity Of Achieving High Quality and Adoption of CAD/CAM
  • Lack of Applicability of Existing Measuring Equipment
  • Expansion Of Automotive Industries

Restraints

  • Design Complexity

Opportunities

  • Increasing Awareness about Security
  • Growing Demand for 3D Metrology Services

Challenges

  • Lack of Trained Machine Operators
  • Cyber Attacks and Data Breach

Companies Mentioned

  • Absolute Metrology Services
  • AMETEK
  • Atlas Copco
  • Carl Zeiss
  • Dimensional Metrology Services
  • East Coast Metrology
  • Exact Metrology
  • FARO Technologies
  • Hexagon
  • Intertek
  • Metalock Engineering
  • Metrology Services
  • Mitutoyo
  • Nikon Metrology
  • Optical Metrology Services
  • Precision Optical
  • Quality Vision International
  • Renishaw
  • Rice Lake Weighing System
  • Roberts Metrology Services
  • Verus Metrology
  • Verus Precision

For more information about this report visit https://www.researchandmarkets.com/r/80cqbu