How Demand for Metrology Services Increases?

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The global metrology services market was valued at US$ 805.2 Mn in 2019 and is forecast to reach a value of US$ 2261.9 Mn by 2027 at a CAGR of 13.8% between 2020 and 2027.

The growing demand for Metrology Services is observed in the automotive industry. Market players in the worldwide metrology services might benefit from technological improvements and the increased implementation of smart automation. The use of automation and obedient metrology is also being driven by the Industrial Internet of Things (IloT), which is expected to fuel the growth of metrology service. The increased need for precisely measured components across several industry verticals, such as electronics, power generation, automotive, and others, is providing market participants with value-grab possibilities.

 

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