Hexagon (Sweden) and Carl Zeiss (Germany) are among the major players in the Industrial Metrology Market
The industrial metrology market is expected to grow from USD 9.8 billion in 2021 to USD 13.2 billion by 2026; it is expected to grow at a CAGR of 6.2% during the forecast period. Automotive, and aerospace & defence are the key end-use industries, which dominate the industrial metrology market and also contribute significantly to its growth.
Major players in the industrial metrology market have primarily adopted product launch strategy to strengthen their position in the market.
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- In November 2020, Nikon (Japan) introduced a new video measuring system “NEXIV VMZ S3020”. This new series of NEXIV helps in measuring a variety of mechanical, electrical, electronic components that are within the dimension 300*200*200 working volume. This system has improved throughput, image quality, and accurate measurement data.
- In September 2020, Hexagon (Sweden) manufacturing intelligence released QUINDOS 2020.2, a new version of flexible and measurement software catering for a range of applications from standard inspection, through special geometries, to power train. The measurement and analysis of topography have been integrated into the new version to enhance inspection.
Hexagon (Sweden) and Carl Zeiss (Germany) are among the major players in the industrial metrology market. Hexagon’s leading position in this market can be attributed to its strong metrology product portfolio consisting of various hardware such as CMM, portable measuring arms, laser tracker, as well as multisensor and metrology software. Hexagon is further trying to expand its portfolio by introducing new products. In September 2020, it released QUINDOS 2020.2, which is a new version of flexible and measurement software catering for a range of applications from standard inspection, through special geometries, to power train. The company also focuses on other strategies such as contracts and partnerships to expand its presence in the industrial metrology market. In addition to the extensive product portfolio, the company’s strong brand image, customer base, and wide geographic reach have helped it attain a leading position in the industrial metrology market.
Carl Zeiss (Germany) is another well-known player in the industrial metrology market. The company’s strength lies in its diverse portfolio. It develops, manufactures, and distributes highly innovative solutions for industrial metrology. The company is a recognized partner to the automotive industry and its suppliers. To grow in the industrial metrology market, the company has adopted a mix of organic and inorganic growth strategies such as product launches, partnerships, and acquisitions.
Related Reports:
Industrial Metrology Market with COVID-19 Impact Analysis by Offering, Equipment, Application (Quality & Inspection, Reverse Engineering, Mapping & Modelling), End-User Industry, Geography - Global Forecast to 2026
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