Looming Economic Downturn Popularizes Outsourcing Dimensional Metrology Services, Notes Frost & Sullivan
MOUNTAIN VIEW, Calif., Aug. 28, 2012 /PRNewswire/ — The threat of a second economic downturn has cast a gloom over various verticals, causing them to carefully plan capital expenditure and opt for cost-effective alternatives. This situation bodes well for the dimensional metrology services market, as even its premium inspection services are more affordable than a new precision system.
Customers with low-volume processes account for almost a third of inspection service contracts. These customers also consider outright equipment purchase an unnecessary expense.
New analysis from Frost & Sullivan (http://www.testandmeasurement.frost.com), Analysis of the Global Metrology Services Market, finds that the market earned revenues of $382.6 million in 2011 and estimates this to reach $529.6 million in 2016.
If you are interested in more information on this research, please send an email to Jeannette Garcia, Corporate Communications, at firstname.lastname@example.org, with your full name, company name, title, telephone number, company email address, company website, city, state and country.
Dimensional metrology services have also got a boost from the lack of a universal system that can be applied across verticals. Every technology has a limitation. Although some are the best fit for a particular system, they can be unfit for other applications.
“Large, top-tier customers can afford different types of equipment that serve all required applications,” said Frost & Sullivan Research Analyst Vigneshwaran Shanmugam. “However, small- to mid-size companies prefer to outsource their dimensional inspection requirements, because it gives them access to numerous technologies at low prices.”
Expensive precision systems are gradually phasing out, making way for attractively priced metrology systems. As this happens, service providers will be watching the metrology market closely. Additionally, the market will be buoyed by the lack of technical expertise among end users.
“A shortage of skilled precision machine operators is a continual problem in the metrology market that drives end users to outsource metrology services,” said Shanmugam. “In most cases, customers have little or no knowledge of the data collection process, making a robust case for inspection services companies.”
Analysis of the Global Metrology Services Market is part of the Test & Measurement Growth Partnership Services program, which also includes research in the following markets: World Coordinated Measuring Machines Market, Analysis of the Vision Measuring Machines Market, World Metrology Software Market, and World Optical Digitizers and Scanners Markets. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.
Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
- The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
- The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
Analysis of the Global Metrology Services Market
Corporate Communications – North America
SOURCE Frost & Sullivan