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Metrology Software Market

Metrology Software Market Market Research Report – Segmented By End-user Vertical (Automotive, Aerospace, Electronic Manufacturing, Other End-user Verticals) & Region (North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America) – Analysis on Size, Share, Trends, COVID-19 Impact, Competitive Analysis, Growth Opportunities and Key Insights from 2019 to 2027.

Table of contents

Executive Summary

Metrology Software Market was valued at US $969.49 million in 2021 and is projected to grow at 7.72% CAGR over the forecast period to reach US $1,514.74 million by 2027. Metrology Software Market represented US $133.99 million opportunity over 2019-2021 and estimated to create US $545.26 million opportunity in 2027 over 2021.

Metrology Software Market Size (2019 - 2027), USD million

Metrology Software from Consainsights analyses the Metrology Software Market in the Technology & Media industry over the forecast period to 2027.

Metrology Software research report from Consainsights outlines the detailed strategic analysis, trends, market opportunities, growth prospects, industry and market challenges and sustainable solutions to sustain in the competitive environment.

Metrology Software segmentation includes End-user Vertical and Geography.

Based on the End-user Vertical, the Metrology Software analysis covers Automotive, Aerospace, Electronic Manufacturing, Other End-user Verticals.

In End-user Vertical segment, Automotive segment has highest cagr growth of 6.83%.

Revenue Share (%), By End-user Vertical (2021)

Based on the region, the Metrology Software analysis covers North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America.

Key companies operating in the market include Nikon Metrology NV, 3D Systems Inc., Ametek Creaform Inc., Faro Technologies, ZEISS International, Hexagon AB, Shining 3D Tech Co. Ltd, Mitutoyo Corporation, Renishaw PLC, Perceptron Inc., Innovmetric Inc., Fluke Corporation, Metrologic Group and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.

Market Overview

Definition & Scope

The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.

The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.

The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.

Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.

Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.

As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.

Currency, Year & Forecast

The currency used in this report is USD, with the market size indicated in terms of USD million/billion.

For companies reporting their revenues in USD, the revenues were taken from their respective annual reports/SEC filings.

For companies reporting their revenues in other currencies, the average annual currency conversion rates were used for a particular year to convert the value to USD Market Definition.

End-user Vertical

Introduction

In 2021, Automotive segment has the highest revenue of US $472.33 million and is expected to grow at CAGR of 6.83% by 2027 Automotive segment has highest cagr growth of 6.83%.

Metrology Software Market Y-o-Y Growth (USD million), By End-user Vertical 2019 - 2027
Metrology Software Market Size, By End-user Vertical, 2019-2027 (USD million)

Automotive

Automotive segment was valued at US $407.05 million in 2019 and is projected to grow at 6.83% CAGR over the forecast period to reach US $737.98 million by 2027. Automotive segment represented US $65.28 million opportunity over 2019-2021 and estimated to create US $265.65 million opportunity in 2027 over 2021.

Automotive - Historical, Forecast Market Sizes (USD million), 2019 - 2027

Aerospace

Aerospace segment was valued at US $198.45 million in 2019 and is projected to grow at 6.83% CAGR over the forecast period to reach US $359.79 million by 2027. Aerospace segment represented US $31.83 million opportunity over 2019-2021 and estimated to create US $129.51 million opportunity in 2027 over 2021.

Aerospace - Historical, Forecast Market Sizes (USD million), 2019 - 2027

Electronic Manufacturing

Electronic Manufacturing segment was valued at US $174.24 million in 2019 and is projected to grow at 6.83% CAGR over the forecast period to reach US $315.89 million by 2027. Electronic Manufacturing segment represented US $27.94 million opportunity over 2019-2021 and estimated to create US $113.71 million opportunity in 2027 over 2021.

Electronic Manufacturing - Historical, Forecast Market Sizes (USD million), 2019 - 2027

Other End-user Verticals

Other End-user Verticals segment was valued at US $55.75 million in 2019 and is projected to grow at 6.83% CAGR over the forecast period to reach US $101.07 million by 2027. Other End-user Verticals segment represented US $8.94 million opportunity over 2019-2021 and estimated to create US $36.38 million opportunity in 2027 over 2021.

Other End-user Verticals - Historical, Forecast Market Sizes (USD million), 2019 - 2027