Description

This study discusses the opportunities and the evolution of smart metrology devices and their impact across various industry verticals till 2022. It analyzes recent market and technology trends, the significant proliferation of smart handheld metrology devices, and their future. Growing interest in industrial automation and enhanced quality inspection are driving the adoption of smart handheld metrology devices. The study also provides a regional and competitive analysis of the global metrology software market. In addition, key macroeconomic trends and their likely impact on the market are highlighted. These devices are likely to see increased uptake in future as a result of enhanced device functionalities and advancements in technology. This deliverable will provide key market participants with the necessary business intelligence to help them understand the future of the smart handheld metrology device market across applications.

Key questions this study will answer:
•     Is the market growing, how long will it continue to grow, and at what rate?
•     Are the existing competitors structured correctly to meet customer needs?
•     What are the key trends and how does it impact this market?
•     How will the structure of the market change with time? Is the market ripe for acquisitions?
•     Are the products/services offered today meeting customer needs or is additional development needed?
•     Are the vendors in the space ready to go it alone, or do they need partnerships to take their businesses to the next level?

Smart handheld metrology systems are in demand in North America and Europe as these regions invest highly in automotive and aerospace R&D inspection. Leading dimensional metrology vendors are likely to focus on selling high-precision smart handheld metrology devices for R&D inspection purposes. The main disadvantage of these devices is the limited awareness among end users. To overcome this challenge, manufacturers are actively trying to sell more products by educating end users. They are focusing their R&D to boost their handheld product accuracy to that of a fixed system. The devices will be disruptive for certain application areas when they achieve a high degree of accuracy.
Wireless data transfer capability for measurement gauges has increased the need. The rise in demand is mainly due to the replacement of traditional measurement gauges. This wireless data transfer capability will improve inspection capability (minimum error). The market will mature once traditional gauges are replaced by wireless measurement gauges.