Q The next-generation industrial metrology and inspection market size is expected to reach $16,104.2 million by 2030 registering a CAGR of 6.9% from 2021 to 2030. How is your business model helping to contribute to this development?
Currently, the Indian metrology industry relies primarily on imports. There are a few manufacturers whose capabilities are still developing in comparison to the established and recognised brands in Metrology. This is due to the technological complexity of metrology products in general. Because metrology is a niche, investing significantly in product development and marketing is made more difficult due to the smaller size of the market. Going forward, we see the Indian manufacturing capabilities improving. We have been evolving with these trends, slowly pioneering the concept of metrology AMCs in the Indian market. This led to the first step of capabilitybuilding, where we acquired local repair and complete refurbishment capabilities.
Going forward, we are investing step-by-step in two areas:
The primary aspect of our business model relies on establishing a Pan-India established field sales and support network.
• Developing a local supplier base of child components for metrology instruments. We are identifying these capable suppliers who can meet world-class standards for quality.
• Developing electronic/software solutions to enhance the ease of use of metrology instruments.
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Denne historien er fra Efficient Manufacturing - July 2023 Issue-utgaven av EM - Efficient Manufacturing.
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