Tuesday, 23 September 2014

Metrology Services market in Europe to Grow at a CAGR of 7.68% by 2018

Metrology refers to the science of measurement that includes both theoretical and experimental aspects of measurement. Metrology services can be defined as those services offered by third party vendors that provide installation, calibration, testing, and maintenance services. These services cater to a wide range of end-user industries. Metrology services in general are provided for two major product segments, CMM and ODS. A CMM provides an effective and efficient method of undertaking high-quality, reliable, and accurate inspection. ODS plays a significant role in providing unparalleled inspection capability with accuracy at very high precision levels.
Analysts forecast the Metrology Services market in Europe to grow at a CAGR of 7.68 percent over the period 2013-2018.
The report recognizes the following companies as the key players in the Metrology Services Market in Europe: Carl Zeiss AG, Hexagon AB and Renishaw plc.
Other Prominent Vendors in the market are: IMS, Metronor, Trimek and WENZEL Pr├Ązision.
Emergence of low-cost service providers is one of the major trends expected in the market. The presence of large players, which will continue to dominate the market, is expected to provide wider choices to the customers. Hence, customers are expected to become more price sensitive.
Covered in this Report
The Metrology Services market in Europe can be segmented into two divisions: CMM-based Services and ODS-based Services.
Metrology Services Market in Europe 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Europe region; it also covers the Metrology Services market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, one of the major factors that drive the market for metrology services is the high cost of metrology equipment. Firms cannot always afford the maintenance as well as the upgrades for metrology equipment in order to remain on par with the latest technology.
Further, the report states that operating metrology equipment requires a high degree of technical knowledge and specialized skills. Vendors have to tackle this shortage effectively to sustain the market growth.
Single User License of the Report is Available at USD 2000, Buy the Report @ http://www.sandlerresearch.org/purchase?rname=23289 .