Global Metrology Software Market

Article about Global Metrology Software Market

Published by

Akash Raskar activities: Research
on the timeline of Worldwide Business Research

Jul 15, 2021

 


Global Metrology Software Market size was valued US$ XX Mn in 2019 and the total revenue is expected to grow at xx % through 2020 to 2027, reaching US$ XX Mn.

Global Metrology Software Market

 

Global Metrology Software Market

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Global Metrology Software Market Overview:

Metrology Software is the computing tools and technologies that are used for this calculation research. The purpose of this field is to create a common understanding of all measured units, both theoretical and experimental, and to generate meanings of different measurement units in any field of science or technology. The growing need for pharmaceutical companies to maintain quality and accuracy throughout the manufacture of medicines, coupled with the guidelines provided for best practices by regulatory agencies has led to the adoption by this industry of precision equipment and metrology software. The increasing interest of businesses in smart factories puts greater emphasis on the speed of processing and the accuracy of data. Furthermore, new applications are expected to be more prevalent in additive manufacturing and reverse engineering, which are expected to drive the market. In addition, there is an ongoing shift towards inline metrology or process-integrated instruments for measurement. For instance, in 2016, Hexagon AB acquired AICON 3D Systems to expand the portfolio of optical 3D metrology and to increase the number of customers worldwide.

Due to developments in the field of electronics and semiconductors, demand in the global market for metrology software has been growing. In essence, metrology is the empirical analysis of measurements and their successive application across different sectors. Metrology has a wide operational area and has emerged across a number of industries as a significant method. The origin of metrology can be traced back to a few centuries ago, and over the past few decades, the field has grown. There is no dispute that the use of metrology has spread to different industries and sectors. In addition, in recent times, the presence of a robust manufacturing industry across several regional pockets has also supported demand growth. Due to the aforementioned trends, demand for metrology software in the global market is expected to continue to escalate in the years to come. For instance, in 2019, Onto Innovation Inc merged with Nanometrics Incorporated and Rudolph Technologies seeking for advanced process control solutions across the semiconductor value chain and leverage core competencies in software and optics to provide leading edge products in inspection, metrology, lithography, and enterprise process control.

Based on Application Metrology Software market is segmented by Quality Control and Inspection, Measurement and Alignment, Reverse Engineering and Others. Reverse engineering dominated metrology software market with rising usage of number of reverse engineering applications among the organizations and individuals. Based on industry verticals, manufacturing is the leading segment across other verticals due to increased drive toward automation of processes in manufacturing industry across the market.

The Metrology Software market in North America is anticipated to account for the highest revenue share contribution and projected to maintain its dominance in the target market during the forecast period. The attributing factor is due to the adoption by manufacturers in North America of precision engineering practices with an emphasis on accuracy and durability in the manufacture of products has resulted in an increase in the regions use of metrology software. Image processing, surface and roughness calculation, nanoscale metrology, optronics, intelligent data analysis, 3D form calculation and more are among the numerous forms of metrology software used in the precision engineering phase. The Asia Pacific region is projected to register the fastest growth rate in the target market due to the presence of large industrial bases for electronic production in China, Japan, Korea and digitalizing the infrastructure in the region.
Global Metrology Software Market Competitive Landscape:

Global Metrology Software Market1

The objective of the report is to present a comprehensive analysis of the Global Metrology Software Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Metrology Software Market dynamics, structure by analyzing the market segments and projects the Global Metrology Software Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Raw material portfolio, growth strategies, and regional presence in the Global Metrology Software Market make the report investor’s guide.
Scope of Global Metrology Software Market: Inquire before buying

Global Metrology Software Market, By Application

• Quality Control and Inspection
• Measurement and Alignment
• Reverse Engineering
• Virtual Simulation
• Others
Global Metrology Software Market, By Industry Verticals

• Education
• Government & Defence
• IT & Telecommunications
• Aerospace & Defense
• Manufacturing
• Media & Entertainment
• Automotive
• Banking Financial Services and Insurance
• Consumer Goods
• Others
Global Metrology Software Market, by Region

• North America
• Europe
• Asia-Pacific
• MEA & Africa
• Latin America
Global Metrology Software Market Key Players

• Hexagon AB
• Nikon Metrology NV
• Renishaw plc
• Carl Zeiss AG
• 3D Systems, Inc
• FARO Technologies, Inc.
• Konica Minolta, Inc.
• Innovative Metrology Solutions
• KOTEM
• Micro-Vu
• Metrologic Group
• General Electric
• Verisurf Software Inc
• Onto Innovation

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Articles authored by Akash Raskar

Published: Jul 15, 2021

Published: Jul 15, 2021

Published: Jul 15, 2021

Published: Jul 15, 2021

Published: Jul 15, 2021