Industrial Metrology Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The industrial metrology market is expected to register a CAGR of 6.0% during the forecast period. Growing focus on quality control in various industries, rising demand for automobiles in developing countries, and the developing Big Data analytics market have driven the industrial metrology market. Companies such as Faro (US), Carl Zeiss (Germany), and Nikon Metrology (Belgium) are offering Big Data analytics, data management, data security, and mobile app solutions for the metrology market.
Key HighlightsThe industrial metrology market is competitive, owing to the presence of many players. The market is moderately concentrated, with the major players applying strategies like product innovations and mergers and acquisitions. Also, companies are involved in several growth and expansion strategies to gain a competitive advantage in the market.
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