The Industrial Metrology Market research report offers qualitative and quantitative insights in relation to industry growth rate, market segmentation, Industrial Metrology market size, demand and revenue. The current trends that are expected to influence the future prospects of the Industrial Metrology market are analyzed in the report. The report further investigates and assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.
The industrial metrology market is expected to register a CAGR of 6.0% over the forecast period, 2020-2025.
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Top Leading Companies of Global Industrial Metrology Market are Hexagon AB, Renishaw PLC, Carl Zeiss AG, FARO Technologies, Nikon Metrology, Jenoptik AG, Perceptron, Automated Precision Inc., KLA Corporation, Applied Materials Inc. and others.
Industry News and Updates:
– November 2019 – Hexagon AB broadened its smart factory solutions portfolio with the acquisition of Volume Graphics, a market leader in the industrial computed tomography (CT) software industry.
Automotive Industry is Expected to Hold the Largest Share
– The automotive sector is expected to witness a major evolution during the forecast period, as automobile manufacturing is quickly moving to automated facilities. The need for highly reliable and quality processes, and rising demand for electric vehicles are expected to drive major growth.
– Moreover, the rising need for inspection, measurement, and quality checks of various components in the automotive sector is driving growth. The automotive industry has been increasingly using optical measurement systems and coordinates measuring machines (CMM) instead of conventional strain gauges, accelerometers, transducers, and extensometers for improving the safety and comfort level of vehicles.
– Technological advancements in automobiles are resulting in an increased level of precision of components. Every seat, door, panel, and component in an automobile must be precision aligned to promote passenger safety, comfort, and satisfaction. The necessity of tolerance measurement to inspect and assess equipment alignment on machinery is also driving the demand for metrology services.
The report offers in-depth assessment of the growth and other aspects of the Industrial Metrology market in important countries (regions), including:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
The market research report offers an analytical and exploratory analysis of the Industrial Metrology market:
-An overall analysis of industry trends
-Global Industrial Metrology market overview
-Major commercial developments in the Industrial Metrology industry
-Detailed information about drivers, opportunities, and restraints of the Industrial Metrology market
-Positioning of major market participants in the Industrial Metrology industry
-Competitive Landscape and analysis regarding Industrial Metrology market and key product segments of a market
-Key market trends and future growth prospects of the Industrial Metrology market
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Note: All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.