Test and Measurement InstrumentationFrost Radar in the Dimensional Metrology Market

A Measurement System to Spark Companies 2 Action (C2A)—Innovation That Fuels New Deal Flow and Growth Pipelines

RELEASE DATE
02-Dec-2019
REGION
Global
Deliverable Type
Frost Radar
Research Code: K408-01-00-00-00
SKU: TM00615-GL-MR_23848
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Frost Radar in the Dimensional Metrology Market
Published on: 02-Dec-2019 | SKU: TM00615-GL-MR_23848

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In the age of digitalization, manufacturers in their quest to maintain the highest quality possible seek the most advanced, flexible, and valuable metrology technique available to reinforce their brand image and product quality. The global dimensional metrology market is witnessing steady growth, with end users focused on enhancing productivity and reducing operational expenditure.

Dimensional metrology equipment has evolved tremendously over the last decade with the advancements in technology. End users want to minimize manufacturing errors and improve product quality to stay competitive. Accuracy is vital in the automotive, aerospace, and medical device verticals: even a minor defect could have fatal consequences.

Automotive companies are the main users of dimensional metrology equipment because of the intense inspections that are required.
Recent automation trends in manufacturing facilities have boosted the demand for dimensional metrology devices, particularly coordinate measuring machines and optical digital scanners, as these systems offer a high degree of accuracy, flexibility, high-precision measurement, and size. Furthermore, companies have started to leverage artificial intelligence, augmented reality, cloud computing, and Big Data analytics. Cognitive manufacturing includes natural language processing, artificial intelligence, speech recognition, machine learning, and machine vision. Top metrology vendors including ZEISS Group, Hexagon, and Nikon are trying to penetrate into the robotic guidance market by enhancing their machine vision systems.

The Frost Radar reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar methodology. The document presents competitive profiles on each of the companies in the Frost Radar based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in the industry and benchmarks them across 10 criteria on the Frost Radar, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients.

The companies included in this Radar are Artec 3D, ZEISS Group, Creaform, Faro, GOM, Hexagon, Innovmetric, LS Starrett, Mahr, Metrologic Group (part of Sandvik), Mitutoyo, Nikon Metrology, Perceptron, QVI, Renishaw, Volume Graphics, and WENZEL Group.

Author: Ram Ravi

Industry Overview

The Frost Radar

The Frost Radar—Description of Companies Plotted

Artec 3D

ZEISS Group

Creaform

Faro Technologies

GOM

Hexagon AB

Innovmetric

Metrologic Group

Mitutoyo

Nikon Metrology

Perceptron

QVI

Renishaw

Volume Graphics

WENZEL Group

Mahr Group

LS Starrett

The Last Word—Key Takeaways

Legal Disclaimer

Frost Radar—2 Major Indices, 10 Analytical Ingredients, 1 Platform

Frost Radar—2 Major Indices, 10 Analytical Ingredients, 1 Platform (continued)

Frost Radar—C2A

Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform

Growth Index

Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.

  • Market Share (previous 3 years)
    This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years.
  • Revenue Growth (previous 3 years)
    This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™.
  • Growth Pipeline
    This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities.
  • Vision and Strategy
    This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision?
  • Sales and Marketing
    This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.

Innovation Index

Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.

  • INNOVATION SCALABILITY
    This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals.
  • RESEARCH AND DEVELOPMENT
    This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline.
  • PRODUCT PORTFOLIO
    This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue.
  • MEGATRENDS LEVERAGE
    This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline.
  • CUSTOMER ALIGNMENT
    This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.

Significance of Being on the Frost Radar™

Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.

  • GROWTH POTENTIAL
    Your organization has significant future growth potential, which makes it a Company to Action.
  • BEST PRACTICES
    Your organization is well positioned to shape Growth Pipeline™ best practices in your industry.
  • COMPETITIVE INTENSITY
    Your organization is one of the key drivers of competitive intensity in the growth environment.
  • CUSTOMER VALUE
    Your organization has demonstrated the ability to significantly enhance its customer value proposition.
  • PARTNER POTENTIAL
    Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.

Have questions about this research or need deeper insights?
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  • Growth Opportunities
  • Best Practices
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Impacting your company's future growth potential.

In the age of digitalization, manufacturers in their quest to maintain the highest quality possible seek the most advanced, flexible, and valuable metrology technique available to reinforce their brand image and product quality. The global dimensional metrology market is witnessing steady growth, with end users focused on enhancing productivity and reducing operational expenditure. Dimensional metrology equipment has evolved tremendously over the last decade with the advancements in technology. End users want to minimize manufacturing errors and improve product quality to stay competitive. Accuracy is vital in the automotive, aerospace, and medical device verticals: even a minor defect could have fatal consequences. Automotive companies are the main users of dimensional metrology equipment because of the intense inspections that are required. Recent automation trends in manufacturing facilities have boosted the demand for dimensional metrology devices, particularly coordinate measuring machines and optical digital scanners, as these systems offer a high degree of accuracy, flexibility, high-precision measurement, and size. Furthermore, companies have started to leverage artificial intelligence, augmented reality, cloud computing, and Big Data analytics. Cognitive manufacturing includes natural language processing, artificial intelligence, speech recognition, machine learning, and machine vision. Top metrology vendors including ZEISS Group, Hexagon, and Nikon are trying to penetrate into the robotic guidance market by enhancing their machine vision systems. The Frost Radar reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar methodology. The document presents competitive profiles on each of the companies in the Frost Radar based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in the industry and benchmarks them across 10 criteria on the Frost Radar, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients. The companies included in this Radar are Artec 3D, ZEISS Group, Creaform, Faro, GOM, Hexagon, Innovmetric, LS Starrett, Mahr, Metrologic Group (part of Sandvik), Mitutoyo, Nikon Metrology, Perceptron, QVI, Renishaw, Volume Graphics, and WENZEL Group. Author: Ram Ravi
More Information
Deliverable Type Frost Radar
No Index No
Podcast No
Author Ram Ravi
Industries Test and Measurement Instrumentation
WIP Number K408-01-00-00-00
Is Prebook No
GPS Codes 9404-A5,9594,9426

Frost Radar in the Dimensional Metrology Market

$4,950.00
In stock
SKU
TM00615-GL-MR_23848
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