Reportstack has announced a new market research publication on Global Metrology Services Market 2014-2018. The following companies are the key players in the Global Metrology Services Market: Carl Zeiss AG, Hexagon AB, and Mitutoyo Corp. “The rise in technological innovations in the field of metrology is one of the major trends that positively influence the growth of the Global Metrological Service market. The increasing applicability of metrological instruments coupled with innovations in the metrology software is playing a significant role in developing new customizable solutions. For instance, the development of new metrology software such as Point Cloud Metrology Software, Geometric Dimensioning and Tolerancing, Laser Scanning Technology, On-Machine Metrology Software, Multisensor Metrology Software, Automated Metrology Software, and Robotic Metrology is expected to play a significant role in enhancing the growth of the market in the manufacturing industries.”
According to the report, the growing need to adhere to international quality standards in the product development process is one of the major drivers in the market. Manufacturing industries including Automotive, Aerospace and Defense, and Electrical and Electronics need to adopt international quality standards such as QS-9000, ISO-9001, and Six Sigma in manufacturing processes which enhances the growth of the market. Further, the report states that one of the major challenges in the market is the increasing bargaining power of buyers. The presence of a number of vendors in the market has resulted in the fragmentation of the Global Metrology Services market over the last few years. This has increased the bargaining power of the buyers, as there is a lack of product differentiation by the service providers.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit http://www.reportstack.com/product/148241/global-metrology-services-market-2014-2018.html