Global Dimensional Metrology Software Market 2018-2022 | Large-scale Industrial Automation Drives Growth | Technavio

December 31, 2018

LONDON--(BUSINESS WIRE)--Dec 31, 2018--The global dimensional metrology software market research report by predicts the market to post a CAGR of close to 6% during the period 2018-2022.

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Technavio predicts the global dimensional metrology software market to post a CAGR of close to 6% by 2022. (Graphic: Business Wire)

A key driver for the global dimensional metrology software market is the large-scale industrial automation. The rapid growth of the global population and globalization have created a need for improvement in the manufacturing processes. Thus, there is an increase in the adoption of automation in the manufacturing industry. Investments in process automation applications are increasing globally. The automation of manufacturing processes enhances productivity, thereby enabling manufacturing companies to grow.

This research report also provides an analysis of the most important trends expected to impact the market outlook during the period 2018-2022. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

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In this report, Technavio highlights the integration of 3D printing technology as one of the key trends in the global dimensional metrology software market:

Global dimensional metrology software market: Integration of 3D printing technology

The process of manufacturing has been evolving. 3D printing, based on additive manufacturing (AM), uses a digital code to create 3D objects in real time. 3D printing builds products in thin layers one after another and its use simplifies the production of products with complex geometries. It also reduces material use and wastage. Around 60%-70% of materials that ends up as scrap is melted and reused. Thus, the cost of production and raw materials is low.

“The initial cost of 3D printers is substantially high. But, the use of the technology can gradually result in a significant reduction of incremental unit costs for manufacturers. Use of 3D printing can lead to manufacturing of parts that cost less. Thus, improvements in 3D printing technology and its rising adoption will result in a shift in the manufacturing process,” says a senior research analyst at Technavio.

Global dimensional metrology software market: Segmentation analysis

This dimensional metrology software market analysis report segments the market by end-user (automotive, aerospace, consumer electronics, and others) and geography (the Americas, APAC, and EMEA).

The automotive segment held the largest dimensional metrology software market share in 2017, accounting for nearly 28% of the market. This end-user segment is expected to dominate the global market throughout the forecast period.

The APAC region led the market in 2017 with more than 35% of the market share, followed by EMEA and the Americas respectively. The APAC region is expected to dominate the market throughout the period 2018-2022.

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Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

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SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 12/31/2018 04:42 AM/DISC: 12/31/2018 04:42 AM


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