Metrology services market gains sizable sales prospects due to automotive industry

The global metrology services market is projected to register growth at a CAGR of 5.7% during the forecast period of 2021 to 2031, notes a study by Transparency Market Research (TMR).

Metrology services are being utilized in companies from different industry verticals such as aerospace, automotive, power generation, and manufacturing. The rise in the use of these services can be ascribed to their ability to offer different advantages, including increasing the efficiency by enhancing productivity with no need for disturbing resource requirements.

In the automotive sector, metrology services find use in a wide range of applications such as laser trackers, portable coordinate measurement system, robotic equipment adjustment, jig examination, hinge lines alignment, and portable coordinate measuring arms for the 3D review for process development of panels, and measurement of assembled body panels. Hence, the expansion of the automotive sector is positively impacting on the expansion of the global metrology services market.

At present, there are a wide range of metrology products available in the market that are being utilized individually or in combination for different purposes such as 3D measurement, quality control and inspection, reverse engineering, and product quality optimization in the production processes. This wide range of application is projected to help the global metrology services market to expand and gain the valuation of US$ 1.1 Bn by 2031, note TMR analysts.

In the metrology services, optical digitizers and scanners (ODS) and coordinated measuring machines (CMM) are widely utilized products. Of these, ODS are gaining prominence, owing to their ability to offer high level of precision in measuring critical geometries with touch probe precision. Moreover, players operating in the global metrology services market are observing a surge in the demand for 3D laser scanners due to their high level of precision.

The metrology services market in Asia Pacific is prognosticated to gain sizable business opportunities during the forecast period, owing to surge in industrialization and robust automotive industry in the region.