San Francisco, California (PRWEB) September 03, 2014
The global metrology services market is expected to reach USD 824.6 Million by 2020, according to a new study by Grand View Research, Inc. Increasing demand for high-precision components in key end-use industries such as automotive, electronics and power generation is expected to drive the market over the forecast period. Development of metrology software packages such as Geometric Dimensioning and Tolerancing, Robotic Metrology among others is expected to ease the implementation of metrology services in manufacturing industries. Integration issues, emerging as a result of the lack of a universal system, are expected to pose a challenge to the growth of this market. Additionally, increased bargaining power of buyers may hinder industry growth.
The report “Metrology Services Market Analysis By Product (CMM, ODS), By Application (Automotive, Aerospace, Industrial, Power Generation) And Segment Forecasts To 2020,” is available now to Grand View Research customers at http://www.grandviewresearch.com/industry-analysis/metrology-services-market
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Further key findings from the study suggest:
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For the purpose of this study, Grand View Research has segmented the global metrology services market on the basis of product, application and region:
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About Grand View Research
Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies, ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit http://www.grandviewresearch.com/
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Grand View Research, Inc
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