Global Industrial Metrology MArket

Nov 2019| VMF017A| Verified Market Research

Report Highlights

Global Industrial Metrology Market By Type, By Equipment, By End-Use, By Application, By Geographic Scope and Forecast To 2025

According to Verified Market Research, the Global Industrial Metrology Market was valued at USD 9.08 Billion in 2017 and is projected to reach USD 14.41 Billion by 2025, growing at a CAGR of 6.0% from 2018 to 2025.
Industrial metrology is used in order to ensure that instruments used in a wide variety of industries are functioning properly. It also ensures the appropriateness of measurement instruments including the maintenance, quality control, and proper calibration of these instruments. Industrial metrology has a wide range of application in following end-user: Aerospace and Defense, Automotive, Manufacturing, Semiconductor, and many others. Rising big data analytics market and growing demand for inspection services in manufacturing units have fuelled the growth of industrial metrology market.

 

In the report, the market outlook section mainly encompasses the fundamental dynamics of the market which include drivers, restraints, opportunities, and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

Growing focus on quality control in various industries, rising demand for automobiles in developing countries and developing big data analytics market have been driving the global industrial metrology market. On the other hand, the high cost of setting up a metrology facility and lacking the expertise required for efficient handling of metrological systems might hamper the overall growth at a global level.

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