Growth of end-user industries Spurring Intense Growth Prospects I the Metrology Services Market in Europe: Technavio Report

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London, 10 September 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Metrology Services Market in Europe 2014-2018, which is Europe is expected to grow at a CAGR of 7.68 percent during the period 2014-2018.

“There is an increase in the adoption of metrological services in industries such as Textile, Biomedical, Ship Building, Energy, Telecommunications, and Consumer Goods as well as in major end-user industries such as the automotive industry and Aerospace industry,” says Faisal Ghaus, Vice President of TechNavio.

Key Market Drivers

  • High Initial Investment
  • Growth in End-user Sectors
  • Adoption of International Quality Standards

Key Market Trends

  • Increased Demand for 3D-laser Scanners
  • Technological Innovation
  • Adoption of Metrology Services across Industries

Key Market Vendors

  • Carl Zeiss AG
  • Hexagon AB
  • Renishaw plc

To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.

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