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Metrology Software - Global Market Trajectory & Analytics

  • ID: 2692224
  • Report
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • 3D Systems, Inc.
  • Automated Precision, Inc.
  • FARO Technologies Inc.
  • Hexagon AB
  • Kotem
  • Mitutoyo Corporation
Global Metrology Software Market to Reach $1.1 Billion by 2027

Amid the COVID-19 crisis, the global market for Metrology Software estimated at US$694.2 Million in the year 2020, is projected to reach a revised size of US$1.1 Billion by 2027, growing at a CAGR of 6.9% over the analysis period 2020-2027. Electronics & Manufacturing, one of the segments analyzed in the report, is projected to record a 8.5% CAGR and reach US$428.8 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Power & Energy segment is readjusted to a revised 6.7% CAGR for the next 7-year period.



The U.S. Market is Estimated at $187.6 Million, While China is Forecast to Grow at 10.8% CAGR

The Metrology Software market in the U.S. is estimated at US$187.6 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$247.5 Million by the year 2027 trailing a CAGR of 10.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 6.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR.

Automotive Segment to Record 5.9% CAGR

In the global Automotive segment, USA, Canada, Japan, China and Europe will drive the 5.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$87.8 Million in the year 2020 will reach a projected size of US$126.8 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$150.9 Million by the year 2027, while Latin America will expand at a 7.1% CAGR through the analysis period.

Select Competitors (Total 52 Featured):
  • 3D Systems, Inc.
  • Aberlink Ltd.
  • AICON 3D Systems GmbH
  • Automated Precision, Inc.
  • BuildIT Software & Solutions Ltd.
  • Carl Zeiss Industrial Metrology
  • Creaform, Inc.
  • Delcam Ltd.
  • FARO Technologies Inc.
  • GOM GmbH
  • Heidenhain Corporation
  • Hexagon AB
  • Hexagon Manufacturing Intelligence
  • Image Metrology A/S
  • Innovative Metrology Solutions
  • InnovMetric Software Inc.
  • Kotem
  • Metrologic Group SA
  • Metrology Software Products Ltd.
  • Micro-Vu Corporation
  • Mitutoyo Corporation
  • New River Kinematics, Inc.
  • Nikon Corporation
  • Optical Gaging Products
  • Quality Vision International, Inc.
  • RAM Optical Instrumentation
  • Renishaw plc
  • Rudolph Technologies, Inc.
  • The L.S. Starrett Company
  • Verisurf Software, Inc.
Frequently Asked Questions about the Global Market for Metrology Software

What is the estimated value of the Global Market for Metrology Software?

The Global Market for Metrology Software was estimated to be valued at $694.2 Million in 2020.

What is the growth rate of the Global Market for Metrology Software?

The growth rate of the Global Market for Metrology Software is 6.8%, with an estimated value of $1100.0 Million by 2027.

What is the forecasted size of the Global Market for Metrology Software?

The Global Market for Metrology Software is estimated to be worth $1100.0 Million by 2027.

Who are the key companies in the Global Market for Metrology Software?

Key companies in the Global Market for Metrology Software include 3D Systems, Inc., Aberlink Ltd., AICON 3D Systems GmbH, Automated Precision, Inc., BuildIT Software & Solutions Ltd., Carl Zeiss Industrial Metrology, Creaform, Inc., Delcam Ltd. and GOM GmbH.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • 3D Systems, Inc.
  • Automated Precision, Inc.
  • FARO Technologies Inc.
  • Hexagon AB
  • Kotem
  • Mitutoyo Corporation

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Metrology Software: Enabling Efficient Control and Optimization of Resources
  • Recent Market Activity
  • Evolution of Automotive Metrology
  • Industrial Internet of Things and Metrology Software
  • Consolidated Nature of the Market
  • Global Market Outlook
  • GDP Growth and Metrology Software
  • Manufacturing PMI - An Important Bellwether
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS
  • 3D Systems Corporation (USA)
  • Aberlink Ltd. (UK)
  • Automated Precision, Inc. (USA)
  • Carl Zeiss Industrial Metrology (Germany)
  • Creaform, Inc. (Canada)
  • Delcam Ltd. (UK)
  • FARO Technologies Inc. (USA)
  • BuildIT Software & Solutions Ltd. (Canada)
  • GOM GmbH (Germany)
  • Heidenhain Corporation (USA)
  • Hexagon AB (Sweden)
  • AICON 3D Systems GmbH (Germany)
  • Hexagon Manufacturing Intelligence (UK)
  • New River Kinematics, Inc. (USA)
  • Image Metrology A/S (Denmark)
  • Innovative Metrology Solutions (IMS) (USA)
  • InnovMetric Software Inc. (Canada)
  • Metrologic Group SA (France)
  • Metrology Software Products Ltd. (UK)
  • Micro-Vu Corporation (USA)
  • Mitutoyo Corporation (Japan)
  • Nikon Corporation (Japan)
  • Quality Vision International, Inc. (USA)
  • Kotem (Hungary)
  • Optical Gaging Products (OGP) (USA)
  • RAM Optical Instrumentation (USA)
  • Renishaw plc (UK)
  • Rudolph Technologies, Inc. (USA)
  • The L.S. Starrett Company (USA)
  • Verisurf Software, Inc. (USA)

3. MARKET TRENDS & DRIVERS
  • Global Dimensional Metrology Market Witnesses Technological Saturation
  • Market Dynamics within the Dimensional Metrology Market
  • Aerospace and Automotive Industries Drive the Market
  • PorTable Devices to Drive the Market
  • 3D and CAD Applications Offer Growth Opportunities
  • International Standardization of Metrology Bodes Well For the Market
  • Increasing Demand for PorTable Metrology Solutions Drives the Metrology Software Market
  • Precision Engineering Drives Innovations in Metrology Software
  • Metrology Software Advancements: Spearheading Growth
  • Point Cloud Metrology Software
  • Geometric Dimensioning and Tolerancing
  • Laser Scanning Technology in Metrology Software
  • On-Machine Metrology Software
  • Multisensor Metrology Software
  • Automated Metrology Software
  • Robotic Metrology
  • Non-Contact/Optical Metrology Software Market on the Rise
  • Recent Metrology Software Advancements
  • Research Focuses on Bridging Gap between CT and Metrology
  • Metrology Outsourcing: A Key Trend
  • Manufacturing Industry: Primary Consumer Base for Metrology Solutions
  • Growing Automobiles Production Drives Metrology Software Demand
  • Rebounding Automobile Production Fuels Demand for Metrology Software
  • Increasing Emphasis on Automation in the Sector Bodes Well for the Market
  • Heavy Equipment Industry Promises Bright Prospects
  • Novel Defense Applications Offer Robust Growth Opportunities
  • Automation in the Aerospace and Shipbuilding Industry Fuels Demand
  • Robust Activity in the Renewable Energy Sector Spur Market Opportunities
  • Electronics Industry Applications Strengthen Market Prospects
  • Applications in Telecommunications, Satellites and Space Sectors Offers Lucrative Opportunities
  • Biomedical Applications Promise Bright Prospects
  • Metrology Software Applications Gaining Ground in the Textile Industry
  • Robust Demand for Consumer Goods and Household Appliances: A Key Growth Driver
  • Rising Demand for Agricultural Machinery Lends Traction to Market Growth
  • Developing Countries Drive Future Market Growth
  • Off-Shoring of Manufacturing Activity Boosts Demand for Metrology Software Market in Developing Countries
  • Mega Demographic Trends: Long-Term Implications for the Metrology Industry
  • Rising Global Population
  • Aging Population
  • Rising Disposable Incomes and Burgeoning Middle Class Population

4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA

IV. COMPETITION
  • Total Companies Profiled: 52
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • 3D Systems, Inc.
  • Aberlink Ltd.
  • AICON 3D Systems GmbH
  • Automated Precision, Inc.
  • BuildIT Software & Solutions Ltd.
  • Carl Zeiss Industrial Metrology
  • Creaform, Inc.
  • Delcam Ltd.
  • FARO Technologies Inc.
  • GOM GmbH
  • Heidenhain Corporation
  • Hexagon AB
  • Hexagon Manufacturing Intelligence
  • Image Metrology A/S
  • Innovative Metrology Solutions
  • InnovMetric Software Inc.
  • Kotem
  • Metrologic Group SA
  • Metrology Software Products Ltd.
  • Micro-Vu Corporation
  • Mitutoyo Corporation
  • New River Kinematics, Inc.
  • Nikon Corporation
  • Optical Gaging Products
  • Quality Vision International, Inc.
  • RAM Optical Instrumentation
  • Renishaw plc
  • Rudolph Technologies, Inc.
  • The L.S. Starrett Company
  • Verisurf Software, Inc.
Note: Product cover images may vary from those shown