Metrology Services Market Expected to Reach Usd 824.6 Million by 2020 Grand View Research

The global metrology services market is expected to reach USD 824.6 Million by 2020, according to a new study by Grand View Research, Inc. Increasing demand for high-precision components in key end-use industries such as automotive, electronics and power generation is expected to drive the market over the forecast period. Development of metrology software packages such as Geometric Dimensioning and Tolerancing, Robotic Metrology among others is expected to ease the implementation of metrology services in manufacturing industries. Integration issues, emerging as a result of the lack of a universal system, are expected to pose a challenge to the growth of this market. Additionally, increased bargaining power of buyers may hinder industry growth.

The report “Metrology Services Market Analysis By Product (CMM, ODS), By Application (Automotive, Aerospace, Industrial, Power Generation) And Segment Forecasts To 2020,” is available now to Grand View Research customers and can also be purchased directly at http://www.grandviewresearch.com/industry-analysis/metrology-services-market

Further key findings from the study suggest:

• Optical Digitizer and Scanners (ODS) dominated the metrology services market, accounting for over 55% of the overall revenue in 2013, primarily due to greater precision and accuracy offered as compared to Coordinate Measuring Machines (CMM). Bridge machines emerged as the leading CMM product segment in 2013, accounting for over 30% of the overall market revenue in 2013. Bridge machines are better suited for repeated measurements and are easy to calibrate. Laser trackers generated the highest revenue among ODS products, which can be attributed to their enhanced accuracy and high speed of operation.
• Industrial applications emerged as the leading segment in 2013, accounting for over 25% of the overall market revenue. This is primarily due to the use of metrology services in crucial operations including quality control, inspection and...