Metrology Software Market Scope
Metrology is the skill of measurement. Metrology field aims to establish a standard comprehension of all measured units, both experimental and theoretical, and create definitions of different unites of measurement in any science or technological field. The metrology software is used to meet the current demands of the market and also grow and evolve to keep up with all the impending trends in technology fields. It is a high performance software for capturing and analyzing point clouds. The metrology software solves all the comprehensive process of scanning and point cloud management in a versatile, agile and powerful way.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Nikon Metrology NV (Belgium), 3D Systems Inc. (United States), Creaform Inc. (Canada), Faro Technologies (United States), ZEISS International (Germany), Hexagon AB (Sweden), GOM GmbH (Germany), Shining 3D Tech Co. Ltd (China), Mitutoyo Corporation (Japan) and Renishaw PLC. (United Kingdom) |
CAGR | 7.8% |
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Metrology Software market throughout the predicted period.
Nikon Metrology NV (Belgium), 3D Systems Inc. (United States), Creaform Inc. (Canada), Faro Technologies (United States), ZEISS International (Germany), Hexagon AB (Sweden), GOM GmbH (Germany), Shining 3D Tech Co. Ltd (China), Mitutoyo Corporation (Japan) and Renishaw PLC. (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Perceptron Inc. (United States), Innovmetric Inc. (Canada), Fluke Corporation (United States) and Metrologic Group (France).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Metrology Software market by Type , by Application (Quality Control and Inspection, Measurement & Alignment, Reverse Engineering, Virtual Simulation and Other) and Region with country level break-up.
On the basis of geography, the market of Metrology Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In April 2018, line with its strategic agenda to broaden Sandvik Machining Solutions’ customer offering in digital manufacturing, Sandvik intends to acquire the French software company Metrologic Group from Astorg Partners at a price of 360 million EUR, on a cash and debt free basis.
In November , 2018 , InnovMetric Software Inc., the leading provider of universal 3D metrology software solutions, today announced the launch of the PolyWorks Collaborative Suite. This new software solution provides a complete and efficient digital data storage solution to manage all 3D measurement data
Influencing Trend:
Growing Demand for Portable Metrology Solutions
Market Growth Drivers:
Increased Drive to Automation of Processes in Manufacturing and Demand for High Quality Products from Customers
Challenges:
Lack of Skilled Persons to Handle Software
Restraints:
Dearth of Awareness across Industries
Opportunities:
3D and CAD Applications Provide Growth Opportunities
Key Target Audience
Metrology Software Provider, Suppliers of Metrology Software Components, Aerospace Industry, Automotive Industry, Governmental bodies and Research Firms