Metrology Service Market

Metrology Service Market - Global Industry, Analysis, Size, Share, Growth, Trends, and Forecasts 2023-2030

The global metrological services mean all testing calibrating and opening of weights and when necessary, the making of adjustments to weights and measures to meet the tolerance prescribed by the National Institute of Standards and Technology. Metrology Services is an ISO 17025 accredited provider of metrology and calibration services with DC to RF/Microwave measurement capabilities to 110 GHz. Metrology service for the automotive industry 2003 CSIRTECHNOLOGYIMP ACT the CSIR’s national metrology laboratory has established an automotive metrology laboratory that operates as a technology center to serve the needs of manufacturers, OEM suppliers, and ailed industries. The increase in the number of calibrated and verified measuring equipment and instruments is explained by the continued metrology services awareness conducted in hotels, restaurants, and manufacturing industries.

Metrology service uses different traceable instruments and tools known as standard equipment to identify the errors of equipment or measuring instruments based on making decisions in different sectors. To promote transparency, fair trade, and protection of the public. Metrology services offer calibration and verification to ensure the correctness or accuracy of the measuring equipment and reduce problems that come from mismeasurement results. Metrology services drive research, innovation, and technology as they enable and drive industrial innovation in advanced production and instrumentation. Metrology services support regulation by providing measurement references for policy advice, directives, conformity assessments, and verification.

Global Metrology Service Market – Competitive Landscape

On October 30, 2023, Nikon Corporation announced an investment in UK-based AI build Limited which specializes in 3D printing software, through the Nikon-SBI innovation fund. On October 16, 2023, Machina Labs, which combines AI and robotics to rapidly manufacture advanced composite and metal products, announced that it has closed a series B investment for USD 32 million.

Some of the Key Players in the Global Metrology Services Market Include

  • Nikon Corporation
  • Renishaw Plc.
  • SGS S.A.
  • Carl Zeiss AG
  • Creaform Inc.
  • FARO Technologies
  • Hexagon AB
  • Intertek Group
  • KLA Corporation

Global Metrology Service Market – Growth Drivers

Growing demands for high-precision measurement tools to meet quality standards in manufacturing industries like aerospace, automotive, and healthcare. Rapid technological advancements including 3D scanning, laser-based measurement, and digital metrology are fueling the market growth. Automation and Industry 4.0 initiatives are increasing the need for accurate measurement in manufacturing processes. The expansion of manufacturing sectors in emerging markets is boosting the demand for metrology equipment and services. The healthcare sector uses metrology for medical devices and implants supporting market expansion. Investments in R&D, especially in academia and scientific research, drive the adoption of metrology tools. The energy industry uses metrology to ensure the accuracy and efficiency of equipment in power generation and distribution. The electronic industry demands precise measurements for the miniaturization of components furthering metrology market growth.

Global Metrology Service Market – Restraints

Metrology equipment is too expensive, which may deter smaller companies or organizations with limited budgets from adopting advanced measurement technology. The effective use of metrology tools requires a skilled workforce and a shortage of qualified personnel can be a constraint on adoption. Advanced metrology technologies are more complex to implement and maintain requiring specialized knowledge and resources.  The global metrology market is highly fragmented with numerous providers and solutions making it difficult for end-users to choose the right technology and vendor. Economic downtimes or uncertainties can lead to reduced investments in technology and impact the global metrology service market. With the increasing use of digital metrology cyber security threats and data protection issues can be challenging for the global metrology service market. Due to covid-19 pandemic, all the supply chains were disrupted which affected on demand for metrology equipment and services.

Global Metrology Service Market – Opportunities

The integration of metrology with industry 4.0 initiatives such as IoT and automation offers opportunities for real-time data analysis and enhanced quality control. Metrology plays a crucial role in quality assurance and process optimization for 3D printing and additive manufacturing which are growing rapidly. Expanding into emerging markets with growing manufacturing sectors in different regions. Metrology tools are increasingly vital in healthcare, biotechnology, and pharmaceuticals offering opportunities for innovation.

Global Metrology Service Market – Geographical Insight

The market for global metrology service market is segmented into the regions such as North America, Latin America, Europe, Asia-Pacific, the Middle East& Africa. North America is the largest market for metrology services due to its benefit from strong manufacturing sectors including aerospace, automotive, and healthcare. Asia-Pacific is the growing market driven for metrology with countries like China, Japan, and India leading the way, these regions expanding manufacturing and industrial sectors. The European market emphasizes quality standards and precision, supporting the demand for metrology equipment and services.

Global Metrology Service Market – Key Development

  • On August 24, 2023, Creaform the worldwide leader in portable 3D measurement solutions and engineering services announced that they released a new version of VXintergrity™ for surface damaged assessments that is accessible to all nondestructive testing.
  • On January 31, 2023, Nikon Corporation inspected the X-automation OPC UA interface which simplifies the way diverse hardware and software.
  • On April 28, 2023, Nikon released a versatile large-volume X-ray CT system, VOXLS 40 C 450 ideally suited for lithium-ion battery module inspection.
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cognizance market research(cmr)

Metrology Service Market


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