Global Metrology Services Market 2024-2028

The metrology services market is forecasted to grow by USD 1196.63 mn during 2023-2028, accelerating at a CAGR of 14.72% during the forecast period. The report on the metrology services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing use of CAD by manufacturers, growing adherence to global quality standards, and inability of traditional measurement products to analyze complex geometries.

Market Scope
Base Year	2023
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	14.22%
CAGR	14.72%
Incremental Value	$1196.63mn

Technavio's metrology services market is segmented as below:

By Application

Heavy equipment
Automotive
Aerospace and defense
Others

By Product

Coordinate measuring machines (CMM)
Optical digitizers
scanners (ODS)

By Geographical Landscape

Europe
APAC
North America
South America
Middle East and Africa

This study identifies the shrinking lifecycle of consumer and industrial products as one of the prime reasons driving the metrology services market growth during the next few years. Also, increasing number of m and a in the market and emerging applications of metrology services in additive manufacturing will lead to sizable demand in the market.

The report on the metrology services market covers the following areas:

Metrology services market sizing
Metrology services market forecast
Metrology services market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading metrology services market vendors that include AMETEK Inc., Apex Metrology Ltd, Atlas Copco AB, ATT Metrology Services, Automated Precision Inc., Avon Dynamic Calibration Ltd., Carl Zeiss AG, FARO Technologies Inc., Hexagon AB, In Place Machining Company LLC, Intertek Group Plc, Keyence India Pvt. Ltd., KLA Corp., Mitutoyo Corp., Nikon Corp., Optical Metrology Services Ltd, Optimax Imaging Inspection and Measurement Ltd, Quality Vision International Inc., Renishaw Plc, and Trescal International SAS. Also, the metrology services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR72371

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
Exhibit 06: Executive Summary - Chart on Market Segmentation by Product
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global metrology services market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global metrology services market 2018 - 2022 ($ million)
4.2 Application Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Application Segment 2018 - 2022 ($ million)
4.3 Product Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Product Segment 2018 - 2022 ($ million)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Application

6.1 Market segments
Exhibit 30: Chart on Application - Market share 2023-2028 (%)
Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
6.2 Comparison by Application
Exhibit 32: Chart on Comparison by Application
Exhibit 33: Data Table on Comparison by Application
6.3 Heavy equipment - Market size and forecast 2023-2028
Exhibit 34: Chart on Heavy equipment - Market size and forecast 2023-2028 ($ million)
Exhibit 35: Data Table on Heavy equipment - Market size and forecast 2023-2028 ($ million)
Exhibit 36: Chart on Heavy equipment - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Heavy equipment - Year-over-year growth 2023-2028 (%)
6.4 Automotive - Market size and forecast 2023-2028
Exhibit 38: Chart on Automotive - Market size and forecast 2023-2028 ($ million)
Exhibit 39: Data Table on Automotive - Market size and forecast 2023-2028 ($ million)
Exhibit 40: Chart on Automotive - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Automotive - Year-over-year growth 2023-2028 (%)
6.5 Aerospace and defense - Market size and forecast 2023-2028
Exhibit 42: Chart on Aerospace and defense - Market size and forecast 2023-2028 ($ million)
Exhibit 43: Data Table on Aerospace and defense - Market size and forecast 2023-2028 ($ million)
Exhibit 44: Chart on Aerospace and defense - Year-over-year growth 2023-2028 (%)
Exhibit 45: Data Table on Aerospace and defense - Year-over-year growth 2023-2028 (%)
6.6 Others - Market size and forecast 2023-2028
Exhibit 46: Chart on Others - Market size and forecast 2023-2028 ($ million)
Exhibit 47: Data Table on Others - Market size and forecast 2023-2028 ($ million)
Exhibit 48: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibit 49: Data Table on Others - Year-over-year growth 2023-2028 (%)
6.7 Market opportunity by Application
Exhibit 50: Market opportunity by Application ($ million)
Exhibit 51: Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by Product

7.1 Market segments
Exhibit 52: Chart on Product - Market share 2023-2028 (%)
Exhibit 53: Data Table on Product - Market share 2023-2028 (%)
7.2 Comparison by Product
Exhibit 54: Chart on Comparison by Product
Exhibit 55: Data Table on Comparison by Product
7.3 Coordinate measuring machines (CMM) - Market size and forecast 2023-2028
Exhibit 56: Chart on Coordinate measuring machines (CMM) - Market size and forecast 2023-2028 ($ million)
Exhibit 57: Data Table on Coordinate measuring machines (CMM) - Market size and forecast 2023-2028 ($ million)
Exhibit 58: Chart on Coordinate measuring machines (CMM) - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on Coordinate measuring machines (CMM) - Year-over-year growth 2023-2028 (%)
7.4 Optical digitizers and scanners (ODS) - Market size and forecast 2023-2028
Exhibit 60: Chart on Optical digitizers and scanners (ODS) - Market size and forecast 2023-2028 ($ million)
Exhibit 61: Data Table on Optical digitizers and scanners (ODS) - Market size and forecast 2023-2028 ($ million)
Exhibit 62: Chart on Optical digitizers and scanners (ODS) - Year-over-year growth 2023-2028 (%)
Exhibit 63: Data Table on Optical digitizers and scanners (ODS) - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Product
Exhibit 64: Market opportunity by Product ($ million)
Exhibit 65: Data Table on Market opportunity by Product ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 67: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 68: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 69: Chart on Geographic comparison
Exhibit 70: Data Table on Geographic comparison
9.3 Europe - Market size and forecast 2023-2028
Exhibit 71: Chart on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 72: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 73: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.4 APAC - Market size and forecast 2023-2028
Exhibit 75: Chart on APAC - Market size and forecast 2023-2028 ($ million)
Exhibit 76: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
Exhibit 77: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.5 North America - Market size and forecast 2023-2028
Exhibit 79: Chart on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 80: Data Table on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 81: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
Exhibit 83: Chart on South America - Market size and forecast 2023-2028 ($ million)
Exhibit 84: Data Table on South America - Market size and forecast 2023-2028 ($ million)
Exhibit 85: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
Exhibit 91: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibit 92: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibit 93: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 China - Market size and forecast 2023-2028
Exhibit 95: Chart on China - Market size and forecast 2023-2028 ($ million)
Exhibit 96: Data Table on China - Market size and forecast 2023-2028 ($ million)
Exhibit 97: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on China - Year-over-year growth 2023-2028 (%)
9.10 Germany - Market size and forecast 2023-2028
Exhibit 99: Chart on Germany - Market size and forecast 2023-2028 ($ million)
Exhibit 100: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
Exhibit 101: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.11 UK - Market size and forecast 2023-2028
Exhibit 103: Chart on UK - Market size and forecast 2023-2028 ($ million)
Exhibit 104: Data Table on UK - Market size and forecast 2023-2028 ($ million)
Exhibit 105: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on UK - Year-over-year growth 2023-2028 (%)
9.12 Canada - Market size and forecast 2023-2028
Exhibit 107: Chart on Canada - Market size and forecast 2023-2028 ($ million)
Exhibit 108: Data Table on Canada - Market size and forecast 2023-2028 ($ million)
Exhibit 109: Chart on Canada - Year-over-year growth 2023-2028 (%)
Exhibit 110: Data Table on Canada - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 111: Market opportunity By Geographical Landscape ($ million)
Exhibit 112: Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 113: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 115: Overview on factors of disruption
11.4 Industry risks
Exhibit 116: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 117: Vendors covered
12.2 Market positioning of vendors
Exhibit 118: Matrix on vendor position and classification
12.3 AMETEK Inc.
Exhibit 119: AMETEK Inc. - Overview
Exhibit 120: AMETEK Inc. - Business segments
Exhibit 121: AMETEK Inc. - Key offerings
Exhibit 122: AMETEK Inc. - Segment focus
12.4 Apex Metrology Ltd
Exhibit 123: Apex Metrology Ltd - Overview
Exhibit 124: Apex Metrology Ltd - Product / Service
Exhibit 125: Apex Metrology Ltd - Key offerings
12.5 ATT Metrology Services
Exhibit 126: ATT Metrology Services - Overview
Exhibit 127: ATT Metrology Services - Product / Service
Exhibit 128: ATT Metrology Services - Key offerings
12.6 Automated Precision Inc.
Exhibit 129: Automated Precision Inc. - Overview
Exhibit 130: Automated Precision Inc. - Product / Service
Exhibit 131: Automated Precision Inc. - Key offerings
12.7 Avon Dynamic Calibration Ltd.
Exhibit 132: Avon Dynamic Calibration Ltd. - Overview
Exhibit 133: Avon Dynamic Calibration Ltd. - Product / Service
Exhibit 134: Avon Dynamic Calibration Ltd. - Key offerings
12.8 Carl Zeiss AG
Exhibit 135: Carl Zeiss AG - Overview
Exhibit 136: Carl Zeiss AG - Business segments
Exhibit 137: Carl Zeiss AG - Key offerings
Exhibit 138: Carl Zeiss AG - Segment focus
12.9 FARO Technologies Inc.
Exhibit 139: FARO Technologies Inc. - Overview
Exhibit 140: FARO Technologies Inc. - Product / Service
Exhibit 141: FARO Technologies Inc. - Key news
Exhibit 142: FARO Technologies Inc. - Key offerings
12.10 Hexagon AB
Exhibit 143: Hexagon AB - Overview
Exhibit 144: Hexagon AB - Business segments
Exhibit 145: Hexagon AB - Key offerings
Exhibit 146: Hexagon AB - Segment focus
12.11 In Place Machining Company LLC
Exhibit 147: In Place Machining Company LLC - Overview
Exhibit 148: In Place Machining Company LLC - Product / Service
Exhibit 149: In Place Machining Company LLC - Key offerings
12.12 Intertek Group Plc
Exhibit 150: Intertek Group Plc - Overview
Exhibit 151: Intertek Group Plc - Business segments
Exhibit 152: Intertek Group Plc - Key news
Exhibit 153: Intertek Group Plc - Key offerings
Exhibit 154: Intertek Group Plc - Segment focus
12.13 Mitutoyo Corp.
Exhibit 155: Mitutoyo Corp. - Overview
Exhibit 156: Mitutoyo Corp. - Product / Service
Exhibit 157: Mitutoyo Corp. - Key offerings
12.14 Nikon Corp.
Exhibit 158: Nikon Corp. - Overview
Exhibit 159: Nikon Corp. - Business segments
Exhibit 160: Nikon Corp. - Key news
Exhibit 161: Nikon Corp. - Key offerings
Exhibit 162: Nikon Corp. - Segment focus
12.15 Optimax Imaging Inspection and Measurement Ltd
Exhibit 163: Optimax Imaging Inspection and Measurement Ltd - Overview
Exhibit 164: Optimax Imaging Inspection and Measurement Ltd - Product / Service
Exhibit 165: Optimax Imaging Inspection and Measurement Ltd - Key offerings
12.16 Renishaw Plc
Exhibit 166: Renishaw Plc - Overview
Exhibit 167: Renishaw Plc - Business segments
Exhibit 168: Renishaw Plc - Key offerings
Exhibit 169: Renishaw Plc - Segment focus
12.17 Trescal International SAS
Exhibit 170: Trescal International SAS - Overview
Exhibit 171: Trescal International SAS - Product / Service
Exhibit 172: Trescal International SAS - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 173: Inclusions checklist
Exhibit 174: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 175: Currency conversion rates for US$
13.4 Research methodology
Exhibit 176: Research methodology
Exhibit 177: Validation techniques employed for market sizing
Exhibit 178: Information sources
13.5 List of abbreviations
Exhibit 179: List of abbreviations