Amid the COVID-19 crisis and the looming economic recession, the Metrology Software market worldwide will grow by a projected US$415 Million, during the analysis period
NEW YORK, June 4, 2020 /PRNewswire/ -- Amid the COVID-19 crisis and the looming economic recession, the Metrology Software market worldwide will grow by a projected US$415 Million, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 6.9%. Electronics & Manufacturing, one of the segments analyzed and sized in this study, is forecast to grow at over 8.5% and reach a market size of US$428.8 Million by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Electronics & Manufacturing market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.
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As part of the new emerging geographic scenario, the United States is forecast to readjust to a 5.4% CAGR. Within Europe, the region worst hit by the pandemic, Germany will add over US$12.6 Million to the region's size over the next 7 to 8 years. In addition, over US$11.7 Million worth of projected demand in the region will come from Rest of European markets. In Japan, the Electronics & Manufacturing segment will reach a market size of US$15.8 Million by the close of the analysis period. Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Metrology Software market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world's second largest economy will grow at 11.5% over the next couple of years and add approximately US$110.1 Million in terms of addressable market opportunity. Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Metrology Software market landscape. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
Competitors identified in this market include, among others, 3D Systems, Inc.; Aberlink Ltd.; AICON 3D Systems GmbH; Automated Precision, Inc.; BuildIT Software & Solutions Ltd.; Carl Zeiss Industrial Metrology; Creaform, Inc.; Delcam Ltd.; FARO Technologies Inc.; GOM GmbH; Heidenhain Corporation; Hexagon AB; Hexagon Manufacturing Intelligence; Image Metrology A/S; Innovative Metrology Solutions; InnovMetric Software Inc.; Kotem; Metrologic Group SA; Metrology Software Products Ltd.; Micro-Vu Corporation; Mitutoyo Corporation; New River Kinematics, Inc.; Nikon Corporation; Optical Gaging Products; Quality Vision International, Inc.; RAM Optical Instrumentation; Renishaw plc; Rudolph Technologies, Inc.; The L.S. Starrett Company; Verisurf Software, Inc.
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METROLOGY SOFTWARE MCP-7
MARKET ANALYSIS, TRENDS, AND FORECASTS, JUNE 2
CONTENTS
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Metrology Software: Enabling Efficient Control and Optimization of Resources Recent Market Activity Evolution of Automotive Metrology Industrial Internet of Things and Metrology Software Consolidated Nature of the Market Global Market Outlook GDP Growth and Metrology Software Manufacturing PMI - An Important Bellwether Global Competitor Market Shares Metrology Software Competitor Market Share Scenario Worldwide (in %): 2020 & 2029 Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3D Systems Corporation (USA) Aberlink Ltd. (UK) Automated Precision, Inc. (USA) Carl Zeiss Industrial Metrology (Germany) Creaform, Inc. (Canada) Delcam Ltd. (UK) FARO Technologies Inc. (USA) BuildIT Software & Solutions Ltd. (Canada) GOM GmbH (Germany) Heidenhain Corporation (USA) Hexagon AB (Sweden) AICON 3D Systems GmbH (Germany) Hexagon Manufacturing Intelligence (UK) New River Kinematics, Inc. (USA) Image Metrology A/S (Denmark) Innovative Metrology Solutions (IMS) (USA) InnovMetric Software Inc. (Canada) Metrologic Group SA (France) Metrology Software Products Ltd. (UK) Micro-Vu Corporation (USA) Mitutoyo Corporation (Japan) Nikon Corporation (Japan) Quality Vision International, Inc. (USA) Kotem (Hungary) Optical Gaging Products (OGP) (USA) RAM Optical Instrumentation (USA) Renishaw plc (UK) Rudolph Technologies, Inc. (USA) The L.S. Starrett Company (USA) Verisurf Software, Inc. (USA)
3. MARKET TRENDS & DRIVERS
Global Dimensional Metrology Market Witnesses Technological Saturation Market Dynamics within the Dimensional Metrology Market Aerospace and Automotive Industries Drive the Market Portable Devices to Drive the Market 3D and CAD Applications Offer Growth Opportunities International Standardization of Metrology Bodes Well For the Market Increasing Demand for Portable Metrology Solutions Drives the Metrology Software Market Precision Engineering Drives Innovations in Metrology Software Metrology Software Advancements: Spearheading Growth Point Cloud Metrology Software Geometric Dimensioning and Tolerancing Laser Scanning Technology in Metrology Software On-Machine Metrology Software Multisensor Metrology Software Automated Metrology Software Robotic Metrology Non-Contact/Optical Metrology Software Market on the Rise Recent Metrology Software Advancements Research Focuses on Bridging Gap between CT and Metrology Metrology Outsourcing: A Key Trend Manufacturing Industry: Primary Consumer Base for Metrology Solutions Growing Automobiles Production Drives Metrology Software Demand Rebounding Automobile Production Fuels Demand for Metrology Software Increasing Emphasis on Automation in the Sector Bodes Well for the Market Heavy Equipment Industry Promises Bright Prospects Novel Defense Applications Offer Robust Growth Opportunities Automation in the Aerospace and Shipbuilding Industry Fuels Demand Robust Activity in the Renewable Energy Sector Spur Market Opportunities Electronics Industry Applications Strengthen Market Prospects Applications in Telecommunications, Satellites and Space Sectors Offers Lucrative Opportunities Biomedical Applications Promise Bright Prospects Metrology Software Applications Gaining Ground in the Textile Industry Robust Demand for Consumer Goods and Household Appliances: A Key Growth Driver Rising Demand for Agricultural Machinery Lends Traction to Market Growth Developing Countries Drive Future Market Growth Off-Shoring of Manufacturing Activity Boosts Demand for Metrology Software Market in Developing Countries Mega Demographic Trends: Long-Term Implications for the Metrology Industry Rising Global Population Aging Population Rising Disposable Incomes and Burgeoning Middle Class Population
4. GLOBAL MARKET PERSPECTIVE
Table 1: Metrology Software Global Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027 Table 2: Metrology Software Global Retrospective Market Scenario in US$ Thousand by Region/Country: 2012-2019 Table 3: Metrology Software Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027 Table 4: Electronics & Manufacturing (Application) Global Opportunity Assessment in US$ Thousand by Region/Country: 2020-2027 Table 5: Electronics & Manufacturing (Application) Historic Sales Analysis in US$ Thousand by Region/Country: 2012-2019 Table 6: Electronics & Manufacturing (Application) Percentage Share Breakdown of Global Sales by Region/Country: 2012 VS 2VS 2027 Table 7: Power & Energy (Application) Worldwide Sales in US$ Thousand by Region/Country: 2020-2027 Table 8: Power & Energy (Application) Historic Demand Patterns in US$ Thousand by Region/Country: 2012-2019 Table 9: Power & Energy (Application) Market Share Shift across Key Geographies: 2012 VS 2020 VS 2027 Table 10: Automotive (Application) Global Market Estimates & Forecasts in US$ Thousand by Region/Country: 2020-2027 Table 11: Automotive (Application) Retrospective Demand Analysis in US$ Thousand by Region/Country: 2012-2019 Table 12: Automotive (Application) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027 Table 13: Aerospace & Defense (Application) Demand Potential Worldwide in US$ Thousand by Region/Country: 2020-2027 Table 14: Aerospace & Defense (Application) Historic Sales Analysis in US$ Thousand by Region/Country: 2012-2019 Table 15: Aerospace & Defense (Application) Share Breakdown Review by Region/Country: 2012 VS 2020 VS 2027 Table 16: Other Applications (Application) Worldwide Latent Demand Forecasts in US$ Thousand by Region/Country: 2020-2027 Table 17: Other Applications (Application) Global Historic Analysis in US$ Thousand by Region/Country: 2012-2019 Table 18: Other Applications (Application) Distribution of Global Sales by Region/Country: 2012 VS 2020 VS 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS UNITED STATES Market Facts & Figures US Metrology Software Market Share (in %) by Company: 2020 & 2025 Market Analytics Table 19: United States Metrology Software Latent Demand Forecasts in US$ Thousand by Application: 2020 to 2027 Table 20: Metrology Software Historic Demand Patterns in the United States by Application in US$ Thousand for 2012-2019 Table 21: Metrology Software Market Share Breakdown in the United States by Application: 2012 VS 2020 VS 2027 CANADA Table 22: Canadian Metrology Software Market Quantitative Demand Analysis in US$ Thousand by Application: 2020 to 2027 Table 23: Metrology Software Market in Canada: Summarization of Historic Demand Patterns in US$ Thousand by Application for 2012-2019 Table 24: Canadian Metrology Software Market Share Analysis by Application: 2012 VS 2020 VS 2027 JAPAN Table 25: Japanese Demand Estimates and Forecasts for Metrology Software in US$ Thousand by Application: 2020 to 2027 Table 26: Japanese Metrology Software Market in US$ Thousand by Application: 2012-2019 Table 27: Metrology Software Market Share Shift in Japan by Application: 2012 VS 2020 VS 2027 CHINA Table 28: Chinese Demand for Metrology Software in US$ Thousand by Application: 2020 to 2027 Table 29: Metrology Software Market Review in China in US$ Thousand by Application: 2012-2019 Table 30: Chinese Metrology Software Market Share Breakdown by Application: 2012 VS 2020 VS 2027 EUROPE Market Facts & Figures European Metrology Software Market: Competitor Market Share Scenario (in %) for 2020 & 2025 Market Analytics Table 31: European Metrology Software Market Demand Scenario in US$ Thousand by Region/Country: 2020-2027 Table 32: Metrology Software Market in Europe: A Historic Market Perspective in US$ Thousand by Region/Country for the Period 2012-2019 Table 33: European Metrology Software Market Share Shift by Region/Country: 2012 VS 2020 VS 2027 Table 34: European Metrology Software Addressable Market Opportunity in US$ Thousand by Application: 2020-2027 Table 35: Metrology Software Market in Europe: Summarization of Historic Demand in US$ Thousand by Application for the Period 2012-2019 Table 36: European Metrology Software Market Share Analysis by Application: 2012 VS 2020 VS 2027 FRANCE Table 37: Metrology Software Quantitative Demand Analysis in France in US$ Thousand by Application: 2020-2027 Table 38: French Metrology Software Historic Market Review in US$ Thousand by Application: 2012-2019 Table 39: French Metrology Software Market Share Analysis: A 17-Year Perspective by Application for 2012, 2020, and 2027 GERMANY Table 40: Metrology Software Market in Germany: Annual Sales Estimates and Forecasts in US$ Thousand by Application for the Period 2020-2027 Table 41: German Metrology Software Market in Retrospect in US$ Thousand by Application: 2012-2019 Table 42: Metrology Software Market Share Distribution in Germany by Application: 2012 VS 2020 VS 2027 ITALY Table 43: Italian Demand for Metrology Software in US$ Thousand by Application: 2020 to 2027 Table 44: Metrology Software Market Review in Italy in US$ Thousand by Application: 2012-2019 Table 45: Italian Metrology Software Market Share Breakdown by Application: 2012 VS 2020 VS 2027 UNITED KINGDOM Table 46: United Kingdom Demand Estimates and Forecasts for Metrology Software in US$ Thousand by Application: 2020 to 2027 Table 47: United Kingdom Metrology Software Market in US$ Thousand by Application: 2012-2019 Table 48: Metrology Software Market Share Shift in the United Kingdom by Application: 2012 VS 2020 VS 2027 SPAIN Table 49: Spanish Metrology Software Market Quantitative Demand Analysis in US$ Thousand by Application: 2020 to 2027 Table 50: Metrology Software Market in Spain: Summarization of Historic Demand Patterns in US$ Thousand by Application for 2012-2019 Table 51: Spanish Metrology Software Market Share Analysis by Application: 2012 VS 2020 VS 2027 RUSSIA Table 52: Russian Metrology Software Latent Demand Forecasts in US$ Thousand by Application: 2020 to 2027 Table 53: Metrology Software Historic Demand Patterns in Russia by Application in US$ Thousand for 2012-2019 Table 54: Metrology Software Market Share Breakdown in Russia by Application: 2012 VS 2020 VS 2027 REST OF EUROPE Table 55: Rest of Europe Metrology Software Addressable Market Opportunity in US$ Thousand by Application: 2020-2027 Table 56: Metrology Software Market in Rest of Europe: Summarization of Historic Demand in US$ Thousand by Application for the Period 2012-2019 Table 57: Rest of Europe Metrology Software Market Share Analysis by Application: 2012 VS 2020 VS 2027 ASIA-PACIFIC Table 58: Asia-Pacific Metrology Software Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027 Table 59: Metrology Software Market in Asia-Pacific: Historic Market Analysis in US$ Thousand by Region/Country for the Period 2012-2019 Table 60: Asia-Pacific Metrology Software Market Share Analysis by Region/Country: 2012 VS 2020 VS 2027 Table 61: Metrology Software Quantitative Demand Analysis in Asia-Pacific in US$ Thousand by Application: 2020-2027 Table 62: Asia-Pacific Metrology Software Historic Market Review in US$ Thousand by Application: 2012-2019 Table 63: Asia-Pacific Metrology Software Market Share Analysis: A 17-Year Perspective by Application for 2012, 2020, and 2027 AUSTRALIA Table 64: Metrology Software Market in Australia: Annual Sales Estimates and Forecasts in US$ Thousand by Application for the Period 2020-2027 Table 65: Australian Metrology Software Market in Retrospect in US$ Thousand by Application: 2012-2019 Table 66: Metrology Software Market Share Distribution in Australia by Application: 2012 VS 2020 VS 2027 INDIA Table 67: Indian Metrology Software Market Quantitative Demand Analysis in US$ Thousand by Application: 2020 to 2027 Table 68: Metrology Software Market in India: Summarization of Historic Demand Patterns in US$ Thousand by Application for 2012-2019 Table 69: Indian Metrology Software Market Share Analysis by Application: 2012 VS 2020 VS 2027 SOUTH KOREA Table 70: Metrology Software Market in South Korea: Recent Past, Current and Future Analysis in US$ Thousand by Application for the Period 2020-2027 Table 71: South Korean Metrology Software Historic Market Analysis in US$ Thousand by Application: 2012-2019 Table 72: Metrology Software Market Share Distribution in South Korea by Application: 2012 VS 2020 VS 2027 REST OF ASIA-PACIFIC Table 73: Rest of Asia-Pacific Demand Estimates and Forecasts for Metrology Software in US$ Thousand by Application: 2020 to 2027 Table 74: Rest of Asia-Pacific Metrology Software Market in US$ Thousand by Application: 2012-2019 Table 75: Metrology Software Market Share Shift in Rest of Asia-Pacific by Application: 2012 VS 2020 VS 2027 LATIN AMERICA Table 76: Latin American Metrology Software Market Trends by Region/Country in US$ Thousand: 2020-2027 Table 77: Metrology Software Market in Latin America in US$ Thousand by Region/Country: A Historic Perspective for the Period 2012-2019 Table 78: Latin American Metrology Software Market Percentage Breakdown of Sales by Region/Country: 2012, 2020, and 2027 Table 79: Latin American Demand for Metrology Software in US$ Thousand by Application: 2020 to 2027 Table 80: Metrology Software Market Review in Latin America in US$ Thousand by Application: 2012-2019 Table 81: Latin American Metrology Software Market Share Breakdown by Application: 2012 VS 2020 VS 2027 ARGENTINA Table 82: Argentinean Metrology Software Addressable Market Opportunity in US$ Thousand by Application: 2020-2027 Table 83: Metrology Software Market in Argentina: Summarization of Historic Demand in US$ Thousand by Application for the Period 2012-2019 Table 84: Argentinean Metrology Software Market Share Analysis by Application: 2012 VS 2020 VS 2027 BRAZIL Table 85: Metrology Software Quantitative Demand Analysis in Brazil in US$ Thousand by Application: 2020-2027 Table 86: Brazilian Metrology Software Historic Market Review in US$ Thousand by Application: 2012-2019 Table 87: Brazilian Metrology Software Market Share Analysis: A 17-Year Perspective by Application for 2012, 2020, and 2027 MEXICO Table 88: Metrology Software Market in Mexico: Annual Sales Estimates and Forecasts in US$ Thousand by Application for the Period 2020-2027 Table 89: Mexican Metrology Software Market in Retrospect in US$ Thousand by Application: 2012-2019 Table 90: Metrology Software Market Share Distribution in Mexico by Application: 2012 VS 2020 VS 2027 REST OF LATIN AMERICA Table 91: Rest of Latin America Metrology Software Latent Demand Forecasts in US$ Thousand by Application: 2020 to 2027 Table 92: Metrology Software Historic Demand Patterns in Rest of Latin America by Application in US$ Thousand for 2012-2019 Table 93: Metrology Software Market Share Breakdown in Rest of Latin America by Application: 2012 VS 2020 VS 2027 MIDDLE EAST Table 94: The Middle East Metrology Software Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027 Table 95: Metrology Software Market in the Middle East by Region/Country in US$ Thousand: 2012-2019 Table 96: The Middle East Metrology Software Market Share Breakdown by Region/Country: 2012, 2020, and 2027 Table 97: The Middle East Metrology Software Market Quantitative Demand Analysis in US$ Thousand by Application: 2020 to 2027 Table 98: Metrology Software Market in the Middle East: Summarization of Historic Demand Patterns in US$ Thousand by Application for 2012-2019 Table 99: The Middle East Metrology Software Market Share Analysis by Application: 2012 VS 2020 VS 2027 IRAN Table 100: Iranian Demand Estimates and Forecasts for Metrology Software in US$ Thousand by Application: 2020 to 2027 Table 101: Iranian Metrology Software Market in US$ Thousand by Application: 2012-2019 Table 102: Metrology Software Market Share Shift in Iran by Application: 2012 VS 2020 VS 2027 ISRAEL Table 103: Israeli Metrology Software Addressable Market Opportunity in US$ Thousand by Application: 2020-2027 Table 104: Metrology Software Market in Israel: Summarization of Historic Demand in US$ Thousand by Application for the Period 2012-2019 Table 105: Israeli Metrology Software Market Share Analysis by Application: 2012 VS 2020 VS 2027 SAUDI ARABIA Table 106: Saudi Arabian Demand for Metrology Software in US$ Thousand by Application: 2020 to 2027 Table 107: Metrology Software Market Review in Saudi Arabia in US$ Thousand by Application: 2012-2019 Table 108: Saudi Arabian Metrology Software Market Share Breakdown by Application: 2012 VS 2020 VS 2027 UNITED ARAB EMIRATES Table 109: Metrology Software Market in the United Arab Emirates: Recent Past, Current and Future Analysis in US$ Thousand by Application for the Period 2020-2027 Table 110: United Arab Emirates Metrology Software Historic Market Analysis in US$ Thousand by Application: 2012-2019 Table 111: Metrology Software Market Share Distribution in United Arab Emirates by Application: 2012 VS 2020 VS 2027 REST OF MIDDLE EAST Table 112: Metrology Software Market in Rest of Middle East: Annual Sales Estimates and Forecasts in US$ Thousand by Application for the Period 2020-2027 Table 113: Rest of Middle East Metrology Software Market in Retrospect in US$ Thousand by Application: 2012-2019 Table 114: Metrology Software Market Share Distribution in Rest of Middle East by Application: 2012 VS 2020 VS 2027 AFRICA Table 115: African Metrology Software Latent Demand Forecasts in US$ Thousand by Application: 2020 to 2027 Table 116: Metrology Software Historic Demand Patterns in Africa by Application in US$ Thousand for 2012-2019 Table 117: Metrology Software Market Share Breakdown in Africa by Application: 2012 VS 2020 VS 2027
IV. COMPETITION
Total Companies Profiled: 52 Read the full report: https://www.reportlinker.com/p01861866/?utm_source=PRN
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