Asia Pacific Metrology Services Market Size, Share & Industry Trends Analysis Report By Application (Industrial, Automotive, Aerospace, Power Generation and Others), By Product (ODS and CMM), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Metrology Services Market would witness market growth of 6.5% CAGR during the forecast period (2022-2028).
Legal metrology is required when it concerns legislative requirements for trusted measures and measuring tools for consumer and fair-trade protection. It ensures the accuracy of measurements when those measurements have an impact on the environment, law enforcement, health, and safety. Legal metrology makes sure that measuring tools and measurement tools adhere to rules and laws.
Its work is essential to fair trade since it safeguards businesses, consumers, the general public, and the environment. In order to ensure the applicability of measuring devices, their calibration, and quality control, industrial metrology focuses on the integration of measurement to production and other processes as well as their use in society.
Producing accurate measurements is crucial for business since it affects the final product's worth and quality as well as its cost of manufacturing. Although the measurements themselves are the focus in this field of metrology, the traceability of the calibration of the measuring device is essential to guarantee the measurement's accuracy. A mutual recognition agreement, peer review, or accreditation, can be used to recognize metrological expertise in the industry.
The success of Asia Pacific is attributed to the region's growing automobile and manufacturing sectors. There is a high need for metrological solutions due to substantial industrial bases and government R&D spending from several Asia-Pacific countries. Considering the expansion of industry 4.0 in the region, prominent corporations in the region have concentrated on the establishment of centers of excellence among diverse industries.
The China market dominated the Asia Pacific Metrology Services Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $83.3 million by 2028. The Japan market is estimated to grow at a CAGR of 5.8% during (2022 - 2028). Additionally, The India market would experiencing a CAGR of 7.1% during (2022 - 2028).
Based on Application, the market is segmented into Industrial, Automotive, Aerospace, Power Generation and Others. Based on Product, the market is segmented into ODS and CMM. Based on ODS Type, the market is segmented into 3D Laser Scanners, Laser Trackers and White Light Scanners. Based on CMM Type, the market is segmented into Gantry Machines, Bridge Machines, Horizontal Arm Machines and Articulated Arm Machines. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Atos Group, Automation Anywhere, Inc., Blue Prism Group PLC (SS&C Technologies Holdings, Inc.), Cognizant Technology Solutions Corporation, Genpact Limited, Infosys Limited, IPsoft, Inc., Kofax, Inc. (Thoma Bravo LLC), Be Informed BV, and Cicero, Inc.(Alvaria, Inc.)
Scope of the Study
Market Segments Covered in the Report:
- Power Generation
- 3D Laser Scanners
- Laser Trackers
- White Light Scanners
- Gantry Machines
- Bridge Machines
- Horizontal Arm Machines
- Articulated Arm Machines
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Atos Group
- Automation Anywhere, Inc.
- Blue Prism Group PLC (SS&C Technologies Holdings, Inc.)
- Cognizant Technology Solutions Corporation
- Genpact Limited
- Infosys Limited
- IPsoft, Inc.
- Kofax, Inc. (Thoma Bravo LLC)
- Be Informed BV
- Cicero, Inc.(Alvaria, Inc.)
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