METROLOGY SERVICES MARKET ANALYSIS

Metrology Services MarketSize and Trends

The global metrology services market is estimated to account for US$ 3,337.9 Mn in terms of value by the end of 2030.

Figure 2: Metrology Services Market (US$ Mn) Analysis and Forecast, 2022 - 2030       

Metrology Services Market was valued at US$ 1,186.7 Mn in 2021 and is expected to reach US$ 3,337.9 Mn by 2030, growing at a CAGR of 13.8% between 2022 and 2030.         

Market Trends 

Key market players are involved in partnerships and collaborations, in order to enhance the market presence. In August 20^th, 2022, LMI Technologies (LMI), a prominent provider of 3D scanning and inspection systems, has announced the official introduction of its newest Gocator 2600 Series of 4K+ resolution smart 3D laser line profile sensors. These factory-calibrated sensors feature custom optics and a powerful 9-megapixel imager to deliver 4200 data points per profile for high-resolution 3D scanning and inspection across broad fields of view in applications such as battery inspection, building materials, automotive, rubber and tyre production, and general factory automation. In March 23^rd 2022, ETQ, a SaaS-based quality management system (QMS), environment, health and safety software, and compliance management software, has been acquired by Hexagon AB. The business will be part of Hexagon's Manufacturing Intelligence division. ETQ Reliance, ETQ's multitenant QMS software, serves as the data foundation for automating the gathering and distribution of production quality control data, nonconformance reports, and customer feedback.