Metrology Services Market

Metrology Services Market Outlook (2023 to 2033)

The global metrology services market is expected to be worth US$ 1.0 billion in fiscal year 2023, up from US$ 950 million in fiscal year 2022. From 2023 to 2033, the market is expected to grow at a 6.1% CAGR, reaching a value of US$ 1.8 billion by the end of 2033.

As per Fact.MR, a market research and competitive intelligence provider, the Metrology Services have been driven, owing to the factors such as the continually rising need for effective product measuring solutions, in order to evaluate the geometrical properties of assemblies while ensuring design accuracy as well as item quality at low operational expenses.

Additionally, the market growth is fueling due to the advent of several cloud-enabled metrology software packages, including laser scanning technology, as geometric dimensioning, and multisensory & robotic metrology, which all are accelerating the market growth.

Furthermore, other factors, such as the continuous investments by governmental bodies to strengthen industrial infrastructure, increasing demand for production automation in the manufacturing sector, as well as strategic collaborations among key players, in order to engineer high-performance metrology services, are expected to create lucrative avenues for the growth of the market over the analysis period.

Besides, the significant expansion in the aerospace and automotive sectors has also facilitated the extensive utilization of metrology services for mass manufacturing identical automobile components, such as rotators, motors, and other sophisticated equipment, which is another factor that is likely to boost the market growth.

In addition, the large-scale integration of the Industrial Internet of Things (IIoT), and computer-aided manufacturing (CAM) solutions for optimizing the production process and mitigating item defects are other major factors that are expected to fuel the demand for metrology services in the near future.

Report Attributes	Details
Anticipated Base Year Value (2022)	US$ 950 Million
Expected Market Value (2023)	US$ 1.0 Billion
Projected Forecast Value (2033)	US$ 1.8 Billion
Global Growth Rate (2023-2033)	6.1%
Expected Share of the North America Market (2023-2033)	35%
Anticipated Share of European Market (2023-2033)	23%
Prominent Players in The Global Market	KLA Corporation Hexagon AB Jenoptik SGS Group Intertek Group Plc. Renishaw PLC Carl Zeiss AG Sasco Metrology Services Faro Technologies Metrologic Group

2018-2022 Metrology Services Market Demand Analysis vs. Forecast 2023-2033

According to market research and competitive intelligence provider Fact.MR- the market for Metrology Services reflected a value CAGR of 4.3% during the historical period, 2018-2022.

Industry 4.0 is one of the major factors that is escalating the growth of the metrology services market through increased automation and digitization of manufacturing processes. The integration of advanced technologies such as IoT, big data, and artificial intelligence has led to a higher demand for precise as well as efficient measurement and inspection services in industrial applications.

Moreover, Industry 4.0 is also driving the development of new, advanced metrology solutions and services, leading to further growth of the market. The increasing focus on quality control, process optimization, and cost reduction in the manufacturing sector is also contributing to the increase the revenue share of the market.

The metrology services have been immensely used in several key industries such as automotive, aerospace, electronics, and medical devices. These industries are increasingly relying on advanced measurement and inspection techniques to improve product quality, reduce production costs, and ensure compliance with industry standards.

In the automotive industry, metrology services are playing a crucial role in the production of highly precise and efficient vehicles. Automakers have been using metrology to optimize their manufacturing processes, reduce waste, and improve product quality. This is especially important as the demand for electric and autonomous vehicles continues to grow, as these vehicles require even greater levels of precision and accuracy in their manufacturing.

In the electronics industry, metrology services are being used to inspect as well as measure the dimensions of highly complex and sophisticated devices, such as smartphones, laptops, and wearable devices. This helps to ensure that these devices are produced to the required specifications and perform optimally. Hence, all the aforementioned factors are anticipated to stimulate the market growth in the coming time.

Prominent Growth Drivers Influencing Metrology Services Market

Rising Pressure on Global Infrastructure to Fuel the Market Prospects

The continually increasing pressure on global infrastructure is driving the growth of the metrology services market by creating a demand for precise and accurate measurements in various industries. As per the United Nations (UN), the global population is projected to reach around 9 billion by 2050, with approximately 180,000 people being added to the urban population every day.

As the world's population continues to grow and urbanize, the demand for reliable infrastructure such as roads, bridges, buildings, and transportation systems increases. In order to ensure the safety and reliability of these structures, it is necessary to use accurate measurements during their design, construction, and maintenance phases.

Metrology services provide the measurements needed to ensure that infrastructure projects meet the required standards as well as specifications. This includes dimensional inspections, material testing, and quality control measurements.

The increasing pressure on global infrastructure is therefore leading to an increased demand for metrology services, which in turn is augmenting the growth of the global metrology services market. Furthermore, the increasing focus on sustainability and the need to retrofit and upgrade existing infrastructure are other factors that are expected to propel the market growth in the forthcoming years.

Increased Adoption of CAD/CAM to Foster the Market Growth

The CAD/CAM (Computer-Aided Design/Computer-Aided Manufacturing) and international quality standards are creating a higher demand for precise and accurate measurements in various industries such as automotive, aerospace, medical devices, and consumer goods.

CAD/CAM systems generate highly accurate and detailed digital models of products, which can then be used to guide manufacturing processes. As these systems become more widespread, the demand for metrology services to verify the accuracy of these models and the manufactured parts increases.

Moreover, International quality standards, such as ISO 9001, provide a benchmark for companies to measure their quality and performance. Adherence to these standards helps companies improve their products and processes and differentiate themselves in a competitive global marketplace.

This leads to an increased demand for metrology services to ensure compliance with these standards and to continually improve product quality. Hence, these factors are anticipated to fuel the growth of the market over the analysis period.

What Could Possibly Hinder Metrology Services Demand?

Lack of Skilled Personnel to Hinder the Market Growth

The Metrology services can be expensive due to the high cost of sophisticated measuring equipment and skilled personnel. This can be a barrier to adoption for small and medium-sized enterprises, which may not have the resources to invest in these services. Thus, the high cost of metrology services is a major factor that is expected to hamper the growth of the market over the analysis period.

Lack of awareness regarding the benefits of metrology services among some industries and regions, is another major factor that is likely to impede the market growth. In addition, there is a lack of skilled personnel with expertise in metrology and the use of advanced measuring equipment. This factor could limit the growth of the market by making it difficult for companies to access the expertise they need.

Technical Challenges and Economic Uncertainty to Hamper the Market Growth

The use of advanced technologies such as CAD/CAM and 3D printing can present technical challenges, such as ensuring accurate measurements and compatibility with existing systems. These challenges could restrain the growth of the metrology services market by making it difficult for companies to fully realize the benefits of these technologies.

Moreover, economic uncertainty and fluctuations in the global economy can impact demand for metrology services, as companies may be more cautious about investing in these services during economic downturns.

Category-wise Insights

Which type segment is forecast to gain the dominant market share?

Coordinated Measuring Machines to gain a significant traction

According to Fact.MR’s data, preference for Coordinated Measuring Machines (CMM) segment is expected to expand with a market share of 56% over the forecast period.

The Coordinate Measuring Machine (CMM) segment is playing a key role in boosting the growth of the metrology services market. CMMs are highly accurate measuring instruments that use touch probes or laser scanning to accurately measure the dimensions of complex and intricate parts. They are widely used in various industries, including automotive, aerospace, medical devices, and consumer goods, for quality control and inspection purposes.

Additionally, the increasing demand for precision and accuracy in these industries is driving the growth of the CMM segment, as more companies adopt CMMs to ensure the quality of their products and meet international quality standards.

CMMs provide highly accurate measurements that help companies improve their product design, reduce defects and improve product quality. Additionally, the development of new and improved CMMs, such as those with improved accuracy and speed, is also contributing to the growth of the CMM segment and the metrology services market as a whole.

Furthermore, the growing use of additive manufacturing and 3D printing is also driving the growth of the CMM segment. These technologies require precise measurements to ensure the accuracy of the digital models and the final manufactured parts, and CMMs provide the necessary measurements for quality control and inspection. Hence, all the aforementioned factors are expected to increase the segmental growth during 2023-2033.

Which end-use application is forecast to gain the dominant market share?

Industrial Segment to gain a significant traction

According to Fact.MR’s data, preference for industrial segment is expected to expand with a market share of 32% over the forecast period.

The industrial segment is a significant contributor to the growth of the market. The industrial sector includes various industries such as automotive, aerospace, machinery, and consumer goods, which all rely on precise and accurate measurements to improve product quality, reduce defects, and meet international quality standards.

In the automotive industry, for instance, metrology services are used to verify the accuracy of digital models and to inspect and measure the dimensions of parts and assemblies to ensure that they meet specifications. In the aerospace industry, metrology services are used to ensure the accuracy and safety of critical components and systems, such as engines and airframes. In the machinery and consumer goods industries, metrology services are used to improve product design and manufacturing processes, reduce defects, and improve product quality.

The increasing demand for precision and accuracy in these industries is driving the growth of the industrial segment and the metrology services market as a whole. This is due to the increasing use of advanced technologies such as CAD/CAM and 3D printing, which require precise measurements to ensure that digital models and manufactured parts are accurate and meet required specifications. The growing adoption of international quality standards, such as ISO 9001, is also contributing to the growth of the industrial segment and the metrology services.

Region-wise Analysis

What is the outlook of the North American Metrology Services market?

Increased Adoption of CAD/CAM & 3D Printing regional growth prospects

According to Fact.MR, North America is the fastest-growing market region, accounting for over 35% of the market share in 2023, and is expected to maintain its dominance during the analysis period.

The demand for metrology services in North America is expected to grow in the coming years. North America is home to a large number of well-established industries, including automotive, aerospace, machinery, and consumer goods, which rely on precise and accurate measurements to improve product quality, reduce defects, and meet international quality standards.

In the automotive industry, for instance, the increasing demand for autonomous and electric vehicles is driving demand for metrology services, as these vehicles require precise measurements to ensure their safety and reliability. In the aerospace industry, the demand for metrology services is expected to grow as companies seek to improve the accuracy and safety of critical components and systems.

Moreover, the adoption of advanced technologies such as CAD/CAM and 3D printing is also driving demand for metrology services in North America, as these technologies require precise measurements to ensure the accuracy of digital models and manufactured parts.

In addition, the increasing focus on sustainability and the need to retrofit and upgrade existing infrastructure is also contributing to the growth of the market in North America. All these factors are anticipated to accelerate the regional market growth during the forecast period.

What can be expected from the European market For Metrology Services?

Adoption of 3D Laser Scanning will accelerate the regional demand

According to Fact.MR, the Europe Market is expected to account for 23% of the market share in 2023, and is expected to accelerate during the forecast period.

The European region is home to a vast number of automotive manufacturers. The use of metrology services is widespread in the automotive industry for quality control during the pilot plant phase of vehicle assembly. With the advent of advanced 3D laser scanning technology, virtual assembly of automotive components can be performed for physical evaluation of prototypes, thus reducing the need for costly specialized verification tooling.

As a result, metrology services hold significant potential for growth within the automotive sector in Europe. All these factors are anticipated to accelerate the regional market growth during the forecast period.

Start-up Scenario

• Founded in 2018, Mobile Metrology Services is a new start-up company, which is the dynamic calibration solution to the industrial manufacturing industry over the traditional brick and mortar calibration labs. The company offers quick, effective service at the customer facility that minimizes downtime, increases production, and eliminates the need for shipping costs and turnaround times.
• Established in 2017, MetEQ is a startup focusing on Metrology, Economy and Quality. Our goal is to enable Indian Industry reach out to competitive Metrology accessories and reduce working costs.
• Started in 2012, Swire Seabed specializes in providing integrated offshore inspection services for oil & gas and renewable industries. Its services offered include subsea survey, seabed mapping, IMR, project management, engineering, excavation & subsea dredging, and more. The inspection survey services offered are subsea positioning, 3D visualization software, data processing, acoustic metrology, and others.

Competitive Landscape

Prominent players in the Metrology Services Industry are taking advantage of the rapidly increasing demand for the chatbots in various applications. To further their outreach, players are relying on collaborations, partnerships and acquisitions with existing small, medium and large-scale providers.

Some prominent market developments are as follows :

• Renishaw, in November 2021, signed an agreement with Verisurf Software Inc. According to this agreement, Verisurf Software Inc. synchronizes measuring machine (CMM) software from Renishaw.
• FARO Technologies, in June 2021, acquired HoloBuilder, Inc. in order to bring its leading photogrammetry-based 3D platform to FARO, which delivers hardware-agnostic image capture, registration, and viewing to the fast-growing digital twin sector.

Key Segments Covered in the Metrology Services Industry Report

• By Type :

  • Coordinate Measuring Machines (CMM)
  • Optical Digitizers and Scanners (ODS)

• By End-Use Application :

  • Aerospace
  • Automotive
  • Power Generation
  • Industrial
  • Others

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia and Oceania
  • Middle East & Africa