About this market
integration of AI to drive growth in the market. The vendors are focusing on integration of intelligent processing techniques and AI with the dimensional metrology software solutions. The integration of AI enables manufacturing OEMs to overcome challenges, improve efficiency and productivity, and save time and cost. analysts have predicted that the dimensional metrology software market will register a CAGR of close to 6% by 2022.
Market Overview
Rising demand from end-users
The global industrial output has been recovering after the economic recession in 2008-2009. Several industries such as automotive, aerospace, industrial machinery, and others, which widely use various manual and automated machine tools, are exhibiting signs of growth. Hence, production activities are expected to increase during the forecast period.
Design complexity of silicon chips
Innovations in the semiconductor fabrication industry have complicated the design of manufacturing chips. Consumers require several functionalities from their electronic devices. Hence, the need for multifunctional integrated circuits (ICs) is increasing. Such ICs should also consume a low amount of power. Hence, semiconductor manufacturers have been focusing on the design and development of semiconductor ICs with complex architectures and designs.
For the detailed list of factors that will drive and challenge the growth of the dimensional metrology software market during the 2018-2022, view our report.
Competitive Landscape
The market appears to be fragmented and with the presence of several companies including Renishaw and ZEISS International the competitive environment is quite intense. Factors such as the integration of AI and the rising demand from end-users, will provide considerable growth opportunities to dimensional metrology software manufactures. FARO Technologies, HEXAGON, JENOPTIK, Nikon, Renishaw, and ZEISS International are some of the major companies covered in this report.