According to a new market report published by Acute Market Reports “Metrology Services Market (By End-use Application (Industrial Manufacturing, Automotive, Electronics and Electrical, Aerospace, Energy and Power, and Other End-use Applications), By Product (Coordinate Measuring Machines (Articulated Arm Machines, Gantry Machines, Bridge Machines, and Horizontal Arm Machines), and Optical Digitizers and Scanners (3D Laser Scanners and Trackers, and White Light Scanners) - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2021 - 2029”, the global metrology services market is expected to expand at a CAGR of 7.9% from 2021 to 2029, exceeding US$ 1451.89 Mn by 2029.
Browse the full Metrology Services Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2021 – 2029 report at https://www.acutemarketreports.com/report/metrology-services-market
Product Insights:
In simpler terms, metrology is a field of science concerned with both practical and theoretical aspects of measurement. Metrology solutions enable manufacturers to enhance and improve their manufacturing processes by allowing detailed inspection and measurements of every element involved. The rising trend towards precise engineering and complete automation in manufacturing units has been a massive boost to the market growth.
Competitive Insights:
The global metrology services market is moderately concentrated. The top four players account for the lions share in the global metrology service market. Hexagon AB, Carl Zeiss AG, Renishaw Plc., and Mitutoyo Corporation are identified as the leading metrology services providers worldwide. Other players including Nikon Metrology Inc., Danish Micro Engineering A/S, Optical Gaging Products Inc., Trescal SA, Optical Metrological Services, Faro Technologies, Inc., Perceptron, Inc., and GE Measurement & Control Solutions Inc. among others have been marked as promising and emerging players in the global metrology services market. Inorganic expansion through strategic partnerships and acquisitions are pushing the market towards consolidation. Strategic acquisitions and mergers have helped these established players to expand their product offerings and remain competitive in the market.
Key Trends:
