Research and Markets (http://www.researchandmarkets.com/research/vj9kc8/global_metrology) has announced the addition of the "Global Metrology Services Market 2014-2018" report to their offering.

The analysts forecast the Global Metrology Services market to grow at a CAGR of 8.48 percent over the period 2013-2018. One of the key factors contributing to this market growth is the growing need to adhere to international quality standards. The Global Metrology Services market has also been witnessing growing technological innovations in the field of metrology. However, the increasing bargaining power of buyers could pose a challenge to the growth of this market.

The key vendors dominating this market space are Hexagon AB, Carl Zeiss AG, Mitutoyo Corp., Nikon Corp., Renishaw plc, Trescal Inc., and FARO Technologies Inc.

Other vendors mentioned in the report are, Danish Micro Engineering A/S, Optical Metrological Services, and Optical Gaging Products Inc.

Commenting on the report, an analyst from the team said: The rise in technological innovations in the field of metrology is one of the major trends that positively influence the growth of the Global Metrological Service market. The increasing applicability of metrological instruments coupled with innovations in the metrology software is playing a significant role in developing new customizable solutions. For instance, the development of new metrology software such as Point Cloud Metrology Software, Geometric Dimensioning and Tolerancing, Laser Scanning Technology, On-Machine Metrology Software, Multisensor Metrology Software, Automated Metrology Software, and Robotic Metrology is expected to play a significant role in enhancing the growth of the market in the manufacturing industries.

According to the report, the growing need to adhere to international quality standards in the product development process is one of the major drivers in the market. Manufacturing industries including Automotive, Aerospace and Defense, and Electrical and Electronics need to adopt international quality standards such as QS-9000, ISO-9001, and Six Sigma in manufacturing processes which enhances the growth of the market.

For more information visit http://www.researchandmarkets.com/research/vj9kc8/global_metrology

About Research and Markets

Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Research and Markets
Laura Wood, Senior Manager.
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Engineering