Frost Radar in the Dimensional Metrology Market

Frost Radar in the Dimensional Metrology Market

A Measurement System to Spark Companies 2 Action (C2A)—Innovation That Fuels New Deal Flow and Growth Pipelines

RELEASE DATE
02-Dec-2019
REGION
Global
Research Code: K408-01-00-00-00
SKU: TM00615-GL-MR_23848
$4,950.00
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SKU
TM00615-GL-MR_23848
$4,950.00
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Description

In the age of digitalization, manufacturers in their quest to maintain the highest quality possible seek the most advanced, flexible, and valuable metrology technique available to reinforce their brand image and product quality. The global dimensional metrology market is witnessing steady growth, with end users focused on enhancing productivity and reducing operational expenditure.

Dimensional metrology equipment has evolved tremendously over the last decade with the advancements in technology. End users want to minimize manufacturing errors and improve product quality to stay competitive. Accuracy is vital in the automotive, aerospace, and medical device verticals: even a minor defect could have fatal consequences.

Automotive companies are the main users of dimensional metrology equipment because of the intense inspections that are required.
Recent automation trends in manufacturing facilities have boosted the demand for dimensional metrology devices, particularly coordinate measuring machines and optical digital scanners, as these systems offer a high degree of accuracy, flexibility, high-precision measurement, and size. Furthermore, companies have started to leverage artificial intelligence, augmented reality, cloud computing, and Big Data analytics. Cognitive manufacturing includes natural language processing, artificial intelligence, speech recognition, machine learning, and machine vision. Top metrology vendors including ZEISS Group, Hexagon, and Nikon are trying to penetrate into the robotic guidance market by enhancing their machine vision systems.

The Frost Radar reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar methodology. The document presents competitive profiles on each of the companies in the Frost Radar based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in the industry and benchmarks them across 10 criteria on the Frost Radar, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients.

The companies included in this Radar are Artec 3D, ZEISS Group, Creaform, Faro, GOM, Hexagon, Innovmetric, LS Starrett, Mahr, Metrologic Group (part of Sandvik), Mitutoyo, Nikon Metrology, Perceptron, QVI, Renishaw, Volume Graphics, and WENZEL Group.

Author: Ram Ravi

Table of Contents

Industry Overview

The Frost Radar

The Frost Radar—Description of Companies Plotted

Artec 3D

ZEISS Group

Creaform

Faro Technologies

GOM

Hexagon AB

Innovmetric

Metrologic Group

Mitutoyo

Nikon Metrology

Perceptron

QVI

Renishaw

Volume Graphics

WENZEL Group

Mahr Group

LS Starrett

The Last Word—Key Takeaways

Legal Disclaimer

Frost Radar—2 Major Indices, 10 Analytical Ingredients, 1 Platform

Frost Radar—2 Major Indices, 10 Analytical Ingredients, 1 Platform (continued)

Frost Radar—C2A

Related Research
In the age of digitalization, manufacturers in their quest to maintain the highest quality possible seek the most advanced, flexible, and valuable metrology technique available to reinforce their brand image and product quality. The global dimensional metrology market is witnessing steady growth, with end users focused on enhancing productivity and reducing operational expenditure. Dimensional metrology equipment has evolved tremendously over the last decade with the advancements in technology. End users want to minimize manufacturing errors and improve product quality to stay competitive. Accuracy is vital in the automotive, aerospace, and medical device verticals: even a minor defect could have fatal consequences. Automotive companies are the main users of dimensional metrology equipment because of the intense inspections that are required. Recent automation trends in manufacturing facilities have boosted the demand for dimensional metrology devices, particularly coordinate measuring machines and optical digital scanners, as these systems offer a high degree of accuracy, flexibility, high-precision measurement, and size. Furthermore, companies have started to leverage artificial intelligence, augmented reality, cloud computing, and Big Data analytics. Cognitive manufacturing includes natural language processing, artificial intelligence, speech recognition, machine learning, and machine vision. Top metrology vendors including ZEISS Group, Hexagon, and Nikon are trying to penetrate into the robotic guidance market by enhancing their machine vision systems. The Frost Radar reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar methodology. The document presents competitive profiles on each of the companies in the Frost Radar based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in the industry and benchmarks them across 10 criteria on the Frost Radar, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients. The companies included in this Radar are Artec 3D, ZEISS Group, Creaform, Faro, GOM, Hexagon, Innovmetric, LS Starrett, Mahr, Metrologic Group (part of Sandvik), Mitutoyo, Nikon Metrology, Perceptron, QVI, Renishaw, Volume Graphics, and WENZEL Group. Author: Ram Ravi
More Information
No Index No
Podcast No
Author Ram Ravi
Industries Test and Measurement Instrumentation
WIP Number K408-01-00-00-00
Is Prebook No
GPS Codes 9404-A5,9594,9426