San Jose, California (PRWEB) August 22, 2013
Follow us on LinkedIn - In the coming months, GIA will complete an extensive secondary and primary research program involving some of the industry’s leading players and experts. The study will examine key drivers and trends impacting the market such as growing demand for accurately tested and measured manufactured products, international standardization of metrology, and increased outsourcing of metrology services as a result of the mounting complexity of manufacturing processes in industries worldwide. An important element of precision engineering and manufacturing, metrology defined as the science of measurement is indispensable in a number of applications ranging from automobile manufacturing, aerospace, medical devices, industrial equipment, satellite navigation systems, machine tools, nuclear reactors and semiconductors, among others.
Measurement, either chemical or physical, has the potential to influence quality of life in general. Also, ability of manufacturing companies and economies in general to successfully engage in international trade hinges onto the capability to manufacture precisely measured products. Against this backdrop, Metrology Software is poised to witness strong demand. Key factors driving adoption include metrology software developments that provide higher degree of accuracy in measurement, growing focus on micro and nano-manufacturing technologies, increased measurement & inspection throughput of workpieces, reduced costs and higher efficiency gains. A key noteworthy trend making waves in the market is the development of point cloud based inspection capabilities in metrology software. Demand for software capable of performing point-cloud- based inspection is expected to witness strong growth in industrial metrology wherein point clouds of manufactured parts can be directly aligned with CAD models for inspection analysis and measurement.
With healthy demand expected for both standard and customizable software packages, the study estimates metrology software to be a multi-million dollar market worldwide. More precise market-size and growth projections for a 14-year period will be made available during the 2nd stage of report preparation, and data analysis.
The research and analyses will be released shortly in the form of a comprehensive research report. The report by design, will attempt to provide exhaustive analysis, data, trends, market share, market size, statistics, forecasts and competitive intelligence. The report is modelled to offer precise and unbiased, actionable market insights including in-depth segmentation of market sub-sectors, demand estimates and projections and analysis of trends in each of the sectors, identification of leading players, and the competitive structure, among others.
The report outlines the importance of metrology in ensuring reliable measurement results and its role in influencing global competitiveness of manufacturing industries. Developed for metrology software developers, vendors, service providers and technology domain experts, the report helps identify the biggest opportunities in this space and offers accurate latent demand forecasting that empowers quantitative decision making among existing market players and new entrants.
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About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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