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Non-contact Metrology Solutions Powering the Global Dimensional Metrology Market for the Automotive Industry
Non-contact Metrology Solutions Powering the Global Dimensional Metrology Market for the Automotive Industry
Enhanced Growth Opportunities in Electric Vehicle Design, Validation, and Quality Assurance
11-Dec-2020
Global
Description
This research analyzes the global trends in the dimensional metrology market in the automotive industry. The automotive industry witnessed a period of sluggish demand in 2018 and 2019, which had an impact on the dimensional metrology market. The onset of the Covid-19 pandemic resulted in the shutting down of borders and several manufacturing plants, globally. This disrupted demand, with automotive production witnessing a slump of -25-30%. The onset of Covid-19 has halted production globally and is resulting in many upcoming projects being canceled or delayed. With businesses impacted and the supply chain disrupted globally, 2020 witnessed a considerable decline in orders for dimensional metrology products as well. Despite several countries beginning to relax restrictions, it is unlikely for demand to return to the pre-Covid-19 levels in 2020 and 2021. The oil price slump did not help the situation and resulted in oversupply with weak demand. Once industries resume close to previous plant utilization levels, demand will also increase. The market has been segmented by product type and regional markets. The study covers a market share analysis of the top competitors as well as a SWOT analysis of these participants. The study also identifies the prominent channel of distribution used in this market. Annual estimates and forecasts are provided from 2016 to 2024. The geographical scope of the study includes North America, Europe (Eu), Asia-pacific (APAC), and Rest-of-the-World (RoW). North America and Europe are significant contributors to the dimensional metrology market in the automotive industry with both these regions housing several key automotive OEMs and Tier I suppliers. APAC was the largest contributor and the fastest-growing region with growing industrialization in economies such as China and India. Also, with China recovering after the initial slump in Q1 2020, demand in this region is expected to be back to 2019 levels at the earliest. The global dimensional metrology market in the automotive industry is estimated to reach approximately $1,748.2 million by 2024. The CMM segment still holds the major share of the market, while the C&M segment accounts for the second-largest in terms of revenue. However, the calipers and micrometers segments are relatively mature, with vendors focused more on the 3D laser scanners market, which is expected to witness the fastest growth. Demand for inline measurements is growing as process automation in applications across the automotive industry increases. The report discusses various trends that are changing the dimensional metrology market in the automotive industry, and their business impact for enterprises, service providers, and small and medium businesses.
Author: Ram Ravi
RESEARCH: INFOGRAPHIC
This infographic presents a brief overview of the research, and highlights the key topics discussed in it.Click image to view it in full size
Table of Contents
Key Findings
Market Engineering Measurements
Market Engineering Measurements (continued)
CEO’s Perspective
Market Definitions
Key Questions this Study will Answer
Market Segmentation
Market Distribution Channels
Industry Trends
Market Drivers
Drivers Explained
Drivers Explained (continued)
Drivers Explained (continued)
Drivers Explained (continued)
Market Restraints
Restraints Explained
Restraints Explained (continued)
Restraints Explained (continued)
Market Engineering Measurements
Market Engineering Measurements (continued)
Forecast Assumptions
Revenue Forecast
Revenue Forecast Discussion
Revenue Forecast Discussion (continued)
Percent Revenue Forecast by Region
Revenue Forecast by Region
Revenue Forecast Discussion by Region
Revenue Forecast by Product Type
Revenue Forecast Discussion by Product Type
Market Share
Market Share Analysis
Competitive Environment
Top Competitors
Product Highlights
Competitive Factors and Assessment
Transformation in the Dimensional Metrology Market in Automotive Industry Ecosystem—2019
Growth Opportunity 1—Smart Factory
Growth Opportunity 2—Robotic Guidance
Growth Opportunity 3—Reverse Engineering
Growth Opportunity 4—Metrology Software
Growth Opportunity 5—In-line Metrology
Growth Opportunity 6—AI and ML
Strategic Imperatives for Success and Growth
Mega Trend Impact on the Dimensional Metrology Market in Automotive
Automotive R&D Trends—Mega Trend Explained
Boom in Electric Vehicle Investments—Future Trend in the Automotive Sector: Mega Trend Explained
Inline Metrology Adoption in the Future—Mega Trend Explained
Mass Customization to Personalized Production
Key Findings
Market Engineering Measurements
Revenue Forecast
Revenue Forecast Discussion
Percent Revenue Forecast by Sub-product
Revenue Forecast by Sub-product
Revenue Forecast Discussion by Sub-product
Market Share
Market Share Analysis
Key Findings
Market Engineering Measurements
Revenue Forecast
Revenue Forecast Discussion
Percent Revenue Forecast by Sub-product
Revenue Forecast by Sub-product
Revenue Forecast Discussion by Sub-product
Market Share
Market Share Analysis
Key Findings
Market Engineering Measurements
Revenue Forecast
Revenue Forecast Discussion
Percent Revenue Forecast by Sub-product
Revenue Forecast by Sub-product
Revenue Forecast Discussion by Sub-product
Market Share
Market Share Analysis
Key Findings
Market Engineering Measurements
Revenue Forecast
Revenue Forecast Discussion
Percent Revenue Forecast by Sub-product
Revenue Forecast by Sub-product
Revenue Forecast Discussion by Sub-product
Market Share
Market Share Analysis
Key Findings
Market Engineering Measurements
Revenue Forecast
Revenue Forecast Discussion
Percent Revenue Forecast by Sub-product
Revenue Forecast by Sub-product
Revenue Forecast Discussion by Sub-product
Market Share
Market Share Analysis
Key Findings
Market Engineering Measurements
Revenue Forecast
Revenue Forecast Discussion
Percent Revenue Forecast by Sub-product
Percent Revenue Forecast by Sub-product
Revenue Forecast Discussion by Sub-product
Market Share
Market Share Analysis
Key Findings
Revenue Forecast
Revenue Forecast Discussion
Key Findings
Revenue Forecast
Revenue Forecast Discussion
Key Findings
Revenue Forecast
Revenue Forecast Discussion
Key Findings
Revenue Forecast
Revenue Forecast Discussion
The Last Word—3 Big Predictions
Legal Disclaimer
Market Engineering Methodology
Additional Sources of Information on Dimensional Metrology
List of Companies in “Others”
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
Popular Topics
| No Index | No |
|---|---|
| Podcast | No |
| Author | Ram Ravi |
| Industries | Test and Measurement Instrumentation |
| WIP Number | K4E8-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9404-A5,9594,9426,9593 |