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Global metrology software market worth $34.42 billion in next 5 years

IT Market Research

Some of the prominent trends that the market is witnessing include increasing demand for portable CMM (Coordinate Measuring Machine) software, Rising adoption of laser based 3D metrology, continuous advancements in nanotechnology and flexible electronics and emergence of Asia Pacific as manufacturing hub.

The Global Metrology Software Market is poised to grow at a CAGR of around 12.1% during the forecast period 2017 to 2022. 

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Based on metrology type, market is segmented into scientific metrology, industrial metrology and other metrology types. Depending on product, market is classified into Optical Digitizers and Scanners (ODS), Coordinate Measuring Machine (CMM) and other products.

Based on application, market is categorized into quality control and inspection, measurement & alignment, reverse engineering, virtual simulation and other applications. By end user, metrology software market is segregated into electronics and electrical, automotive, media & entertainment, power & energy, aerospace & defense, medical, industrial manufacturing and other end users.

This industry report analyzes the market estimates and forecasts of all the given segments on global as well as regional levels presented in the research scope. The study provides historical market data for 2014, 2015 revenue estimations are presented for 2016 and forecasts from 2017 till 2022.

The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. With comprehensive market assessment across the major geographies such as North America, Europe, Asia Pacific, Middle East, Latin America and Rest of the world the report is a valuable asset for the existing players, new entrants and the future investors.

The study presents detailed market analysis with inputs derived from industry professionals across the value chain. A special focus has been made on 23 countries such as U.S., Canada, Mexico, U.K., Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, South Africa, etc.

The market data is gathered from extensive primary interviews and secondary research. The market size is calculated based on the revenue generated through sales from all the given segments and sub segments in the research scope.

The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.

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