Research and Markets: This Essential European Large Scale Micro Metrology Market Report Predicts Market Growth by the End of 2009
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DUBLIN--(Business Wire)-- Research and Markets (http://www.researchandmarkets.com/research/7593e8/european_large_sca) has announced the addition of Frost & Sullivan's new report "European Large Scale Micro Metrology Market" to their offering. Demand from Aerospace Industry to Support Uptake of Large Scale Micro Metrology Equipment The European large scale micro metrology market is anticipated to register low growth during the first few quarters of 2009 due to the economic downturn. An upturn in the economic situation by the last quarter of 2009 is set to spur market growth with resurgent demand from the automotive industry. With an operational and capital expenditure freeze in all end-user segments, growth in this market is dependent on demand from the aerospace industry. "Major automotive companies have resorted to drastic measures which include production cuts and lay-offs, which is likely to result in this end user segment desisting from capital investments in equipment for their production units," remarks the analyst of this research. "With the Airbus A350 project being on track with regard to delivery plans, the demand for micro metrology tools is most likely to come from the aerospace industry during the next few quarters." Higher accuracy and tolerance are the prime factors motivating the automation of large scale micro metrology. This ensures better quality of products in a global competitive environment. However, this also means that end users have to make substantial investments due to the high prices of these solutions. In the current economic scenario, the automotive segment is less likely to invest while the aerospace industry is more likely to invest as a result of ongoing projects. Lack of Proven ROI Poses a Challenge The lack of return on investment (ROI) knowledge among end users is a key challenge and is likely to negatively impact market expansion. Ignorance of ROI for dimensional measurement products in this market among clients and the inability of suppliers to convince clients about the benefits of adopting solutions with hard facts, likely to dampen growth over the long term. Vendors have to demonstrate the ROI of their solution before they approach clients. This is an arduous job but, with the prevailing economic condition, this approach is more likely to yield higher sales. "A workable marketing and sales strategy would be for typical solutions which require huge investments," advises the analyst. "Vendors should work on the ROI and convince clients of the returns on their investment, both financially and from a quality standpoint." Market Sectors Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research: * Laser scanner * Laser tracker (including indoor global positioning systems) * Industrial photogrammetry * White light scanner This Frost & Sullivan research service titled European Large Scale Micro Metrology Markets provides analysis on product segments, end-user segments, geographic regions and market share of participants. In this research, Frost & Sullivan's expert analysts thoroughly examine the following markets: laser scanner, laser tracker (including indoor global positioning systems), industrial photogrammetry and white light scanners. Key Topics Covered: * Executive Summary * Total Large Scale Micro Metrology Market * European Laser Scanner Market * European Laser Tracker Market * European Industrial Photogrammetry Market * European White Light Scanner Market * Appendix For more information visit http://www.researchandmarkets.com/research/7593e8/european_large_sca Research and Markets Laura Wood Senior Manager press@researchandmarkets.com Fax from USA: 646-607-1907 Fax from rest of the world: +353-1-481-1716 Copyright Business Wire 2009
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