Metrology Software Market
PUBLISHED: 2020 ID: SMRC19712
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Metrology Software Market

Metrology Software - Global Market Outlook (2019-2027)

4.3 (20 reviews)
4.3 (20 reviews)
Published: 2020 ID: SMRC19712

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Metrology Software Market is accounted for $954.73 million in 2019 and is expected to reach $1,806.80 million by 2027 growing at a CAGR of 8.3% during the forecast period. Some of the key factors propelling the market growth include advancements in the field of electronics and semiconductors, presence of a robust manufacturing industry across several regional pockets, increasing demand from the ship building and healthcare verticals, and demand for high quality products from consumers. However, lack of awareness is identified as a key factor hindering the market growth.

Metrology is the science of measurement. Metrology software refers to the computer tools and technology that are used for this science of measurement. This field aims to establish a standard comprehension of all measured units, both theoretical and experimental, and create definitions of different units of measurement in any science or technological field.

By end user, electronic manufacturing is anticipated to grow at the significant rate during the forecast period, due to the demand for the metrology software market are the emerging solutions in electronic manufacturing aided with the continuous development of advanced nanotechnology, smart materials, flexible electronics, and green manufacturing. Metrology software solutions are expected to grow into an indispensable part of electronic manufacturing and quality inspection activities. In the rapidly-growing electronic manufacturing industry, end users are aiming to design and manufacture new product designs and development.

On the basis of geography, Asia-Pacific region constitutes the largest market in the world. This is because of the presence of renowned automotive giants and aerospace establishments in the region and their increasing interest in high accuracy metrology solutions across the region. Moreover, Singapore, Malaysia, and India have also experienced significant growth over the past few years, both in terms of adding new aerospace manufacturing facilities and attracting global participants to set up shops across the region. China is a global manufacturing hub. Since the precision and complexity in manufacturing processes increase, the metrology software market is expected to see a boost in this area, as China currently has many manufacturing facilities of national and international giants.

Some of the key players in metrology software market include Konica Minolta Inc., Carl Zeiss AG, Ametek Creaform Inc., Nikon Metrology NV, 3D Systems, Inc., Hexagon AB, Faro Technologies, Shining 3D Tech Co. Ltd, Renishaw PLC, Fluke Corporation, Rudolph Technologies, Inc., Innovmetric Inc., ZEISS International, Tech Soft 3D, Mitutoyo Corporation, Metrologic Group, Perceptron Inc., Minds Mechanical, GOM Metrology, Optical Gaging and Products (OGP).

Types Covered:
• Web Based
• Cloud Based
• Online Software
• Offline Software

Applications Covered:
• Reverse Engineering
• Virtual Simulation
• Quality Control and Inspection
• Measurement  and Alignment
• Other Applications

End Users Covered:
• Medical
• Consumer Electronics
• Industrial Manufacturing
• Aerospace and Defence
• Power and Energy
• Heavy Industry
• Automotive
• Architecture and Construction
• Mining
• Other End Users

Offerings Covered:
• Software
• Hardware
• Services

Products Covered:
• Optical Digitizer and Scanner (ODS)
• Video Measuring Machine (VMM)
• Coordinate Measuring Machine (CMM)
• 3D Automated Optical Inspection System (AoI)
• Form Measurement
• MATLAB
• STATA
• EXCEL
• EVIEWS
• SPSS
• Point-Cloud Software
• Focus Scan

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain 
o Rest of Europe      
• Asia Pacific
o Japan       
o China       
o India       
o Australia       
o New Zealand      
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary     
      
2 Preface
     
 2.1 Abstract    
 2.2 Stake Holders    
 2.3 Research Scope    
 2.4 Research Methodology    
  2.4.1 Data Mining    
  2.4.2 Data Analysis   
  2.4.3 Data Validation   
  2.4.4 Research Approach   
 2.5 Research Sources    
  2.5.1 Primary Research Sources   
  2.5.2 Secondary Research Sources   
  2.5.3 Assumptions   
      
3 Market Trend Analysis     
 3.1 Introduction    
 3.2 Drivers    
 3.3 Restraints    
 3.4 Opportunities    
 3.5 Threats    
 3.6 Application Analysis    
 3.7 End User Analysis    
 3.8 Product Analysis    
 3.9 Emerging Markets    
 3.10 Impact of Covid-19    
      
4 Porters Five Force Analysis     
 4.1 Bargaining power of suppliers    
 4.2 Bargaining power of buyers    
 4.3 Threat of substitutes    
 4.4 Threat of new entrants    
 4.5 Competitive rivalry    
      
5 Global Metrology Software Market, By Type      
 5.1 Introduction    
 5.2 Web Based    
 5.3 Cloud Based    
 5.4 Online Software    
 5.5 Offline Software    
      
6 Global Metrology Software Market, By Application     
 6.1 Introduction    
 6.2 Reverse Engineering    
 6.3 Virtual Simulation    
 6.4 Quality Control and Inspection    
 6.5 Measurement  and Alignment    
 6.6 Other Applications    
  6.6.1 Tool Building   
  6.6.2 As-Built Documentation    
  6.6.3 As-Built Product Structure   
      
7 Global Metrology Software Market, By End User     
 7.1 Introduction    
 7.2 Medical    
 7.3 Electronic Manufacturing    
 7.4 Industrial Manufacturing    
 7.5 Aerospace and Defence    
 7.6 Power and Energy    
 7.7 Heavy Industry    
 7.8 Automotive    
 7.9 Architecture and Construction    
 7.10 Mining    
 7.11 Other End Users    
  7.11.1 R&D   
  7.11.2 Media and Entertainment   
  7.11.3 Healthcare   
      
8 Global Metrology Software Market, By Offering     
 8.1 Introduction    
 8.2 Software    
 8.3 Hardware    
 8.4 Services    
      
9 Global Metrology Software Market, By Product     
 9.1 Introduction    
 9.2 Optical Digitizer and Scanner (ODS)    
 9.3 Video Measuring Machine (VMM)    
 9.4 Coordinate Measuring Machine (CMM)    
 9.5 3D Automated Optical Inspection System (AoI)    
 9.6 Form Measurement    
 9.7 MATLAB    
 9.8 STATA    
 9.9 EXCEL    
 9.10 EVIEWS    
 9.11 SPSS    
 9.12 Point-Cloud Software    
 9.13 Focus Scan    
      
10 Global Metrology Software Market, By Geography     
 10.1 Introduction    
 10.2 North America    
  10.2.1 US   
  10.2.2 Canada   
  10.2.3 Mexico   
 10.3 Europe    
  10.3.1 Germany   
  10.3.2 UK   
  10.3.3 Italy   
  10.3.4 France   
  10.3.5 Spain   
  10.3.6 Rest of Europe   
 10.4 Asia Pacific    
  10.4.1 Japan   
  10.4.2 China   
  10.4.3 India   
  10.4.4 Australia   
  10.4.5 New Zealand   
  10.4.6 South Korea   
  10.4.7 Rest of Asia Pacific   
 10.5 South America    
  10.5.1 Argentina   
  10.5.2 Brazil   
  10.5.3 Chile   
  10.5.4 Rest of South America   
 10.6 Middle East & Africa    
  10.6.1 Saudi Arabia   
  10.6.2 UAE   
  10.6.3 Qatar   
  10.6.4 South Africa   
  10.6.5 Rest of Middle East & Africa   
      
11 Key Developments     
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures    
 11.2 Acquisitions & Mergers    
 11.3 New Product Launch    
 11.4 Expansions    
 11.5 Other Key Strategies    
      
12 Company Profiling     
 12.1 Konica Minolta Inc.    
 12.2 Carl Zeiss AG    
 12.3 Ametek Creaform Inc.    
 12.4 Nikon Metrology NV    
 12.5 3D Systems, Inc.    
 12.6 Hexagon AB    
 12.7 Faro Technologies    
 12.8 Shining 3D Tech Co. Ltd    
 12.9 Renishaw PLC    
 12.10 Fluke Corporation    
 12.11 Rudolph Technologies, Inc.     
 12.12 Innovmetric Inc.    
 12.13 ZEISS International    
 12.14 Tech Soft 3D    
 12.15 Mitutoyo Corporation    
 12.16 Metrologic Group    
 12.17 Perceptron Inc.    
 12.18 Minds Mechanical    
 12.19 GOM Metrology    
 12.20 Optical Gaging Products (OGP)     


List of Tables      
1 Global Metrology Software Market Outlook, By Region (2018-2027) ($MN)     
2 Global Metrology Software Market Outlook, By Type (2018-2027) ($MN)     
3 Global Metrology Software Market Outlook, By Web Based (2018-2027) ($MN)     
4 Global Metrology Software Market Outlook, By Cloud Based (2018-2027) ($MN)     
5 Global Metrology Software Market Outlook, By Online Software (2018-2027) ($MN)     
6 Global Metrology Software Market Outlook, By Offline Software (2018-2027) ($MN)     
7 Global Metrology Software Market Outlook, By Application (2018-2027) ($MN)     
8 Global Metrology Software Market Outlook, By Reverse Engineering (2018-2027) ($MN)     
9 Global Metrology Software Market Outlook, By Virtual Simulation (2018-2027) ($MN)     
10 Global Metrology Software Market Outlook, By Quality Control and Inspection (2018-2027) ($MN)     
11 Global Metrology Software Market Outlook, By Measurement  and Alignment (2018-2027) ($MN)     
12 Global Metrology Software Market Outlook, By Other Applications (2018-2027) ($MN)     
13 Global Metrology Software Market Outlook, By Tool Building (2018-2027) ($MN)     
14 Global Metrology Software Market Outlook, By As-Built Documentation (2018-2027) ($MN)     
15 Global Metrology Software Market Outlook, By As-Built Product Structure (2018-2027) ($MN)     
16 Global Metrology Software Market Outlook, By End User (2018-2027) ($MN)     
17 Global Metrology Software Market Outlook, By Medical (2018-2027) ($MN)     
18 Global Metrology Software Market Outlook, By Electronic Manufacturing (2018-2027) ($MN)     
19 Global Metrology Software Market Outlook, By Industrial Manufacturing (2018-2027) ($MN)     
20 Global Metrology Software Market Outlook, By Aerospace and Defence (2018-2027) ($MN)     
21 Global Metrology Software Market Outlook, By Power and Energy (2018-2027) ($MN)     
22 Global Metrology Software Market Outlook, By Heavy Industry (2018-2027) ($MN)     
23 Global Metrology Software Market Outlook, By Automotive (2018-2027) ($MN)     
24 Global Metrology Software Market Outlook, By Architecture and Construction (2018-2027) ($MN)     
25 Global Metrology Software Market Outlook, By Mining (2018-2027) ($MN)     
26 Global Metrology Software Market Outlook, By Other End Users (2018-2027) ($MN)     
27 Global Metrology Software Market Outlook, By R&D (2018-2027) ($MN)     
28 Global Metrology Software Market Outlook, By Media and Entertainment (2018-2027) ($MN)     
29 Global Metrology Software Market Outlook, By Healthcare (2018-2027) ($MN)     
30 Global Metrology Software Market Outlook, By Offering (2018-2027) ($MN)     
31 Global Metrology Software Market Outlook, By Software (2018-2027) ($MN)      
32 Global Metrology Software Market Outlook, By Hardware (2018-2027) ($MN)     
33 Global Metrology Software Market Outlook, By Services (2018-2027) ($MN)     
34 Global Metrology Software Market Outlook, By Product (2018-2027) ($MN)     
35 Global Metrology Software Market Outlook, By Optical Digitizer and Scanner (ODS) (2018-2027) ($MN)     
36 Global Metrology Software Market Outlook, By Video Measuring Machine (VMM) (2018-2027) ($MN)     
37 Global Metrology Software Market Outlook, By Coordinate Measuring Machine (CMM) (2018-2027) ($MN)     
38 Global Metrology Software Market Outlook, By 3D Automated Optical Inspection System (AoI) (2018-2027) ($MN)     
39 Global Metrology Software Market Outlook, By Form Measurement (2018-2027) ($MN)     
40 Global Metrology Software Market Outlook, By MATLAB (2018-2027) ($MN)     
41 Global Metrology Software Market Outlook, By STATA (2018-2027) ($MN)     
42 Global Metrology Software Market Outlook, By EXCEL (2018-2027) ($MN)     
43 Global Metrology Software Market Outlook, By EVIEWS (2018-2027) ($MN)     
44 Global Metrology Software Market Outlook, By SPSS (2018-2027) ($MN)     
45 Global Metrology Software Market Outlook, By Point-Cloud Software (2018-2027) ($MN)     
46 Global Metrology Software Market Outlook, By Focus Scan (2018-2027) ($MN)     
      
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.      

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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