As per recent reports, global metrology services market is expected to expand at a CAGR of 7.9% from 2016 to 2023. What are the factors accounting for growth in this segment?
Since the manufacturing companies in India are on the way of expansion, the market demand is growing day-by-day. From a global perspective, we have witnessed many changes in the international market that are beneficial for India as for the growth of metrology sector. India is also rich on the natural resources that are beneficial for any manufacturing unit with affordable labour cost.
Can you share the details of FARO's position in Asia, India and globally, in terms of market share, customer base and user industry sectors?
FARO is a portable metrology solution provider across the global manufacturing sector. With Asia holding the biggest share of automobile sector, India is the hub for their assemblies. What matters for a successful business unit is their after-sales service and we have our customer base presence in auto, machine tool, aerospace, shipbuilding, automation and surveying consultation.
What is the next big thing in the portable metrology sector? Can you brief us on the automated in-line inspection witnessed in the factory environment?
The next big thing is automation in metrology sector. In this era of factory modernisations, automated in–line inspections are immensely accepted, mainly because of the demand from market at a faster rate, with accurate measurements. Automation processes will definitely take lead because of consistent results at the same pace, as most processes in any production goes into assembly line that eventually attracts automation - be it in auto, machine tool or energy sector. Also automation in–line inspection is widely accepted as it saves downtime, labour-hours and is cost effective. Dependency from operational issues can almost be neglected.
Today, since non-contact measurement methods are catching up fast across the inspection segment, how can these techniques be leveraged by the Indian industries to improve shop floor productivity?
Non–contact measurement CMM machines are not new in India anymore. But, with the acceptance of this technology with Indian manufactures and OEMs, the future of portable non–contact CMMs is bright. India has always attracted diversified conglomerates to have their establishment here. Low cost of labour and land has benefitted many companies. As big companies will have many vendors with them, subsequently, Indian vendors will certainly use the technology. Eventually, the final product matters that require customer-approval, based on the market demand.
What are your views on making factories future-ready? What role does metrology & inspection methods play in this context?
According to customers’ requirements, factories have to upgrade themselves with demand generated from within the market space. Most Indian companies have their JV with MNCs, and working with MNCs requires the quality of the product to be better. In this context, metrology and inspection methods play a huge role in delivering quality end results to the customer. A future-ready factory also means expecting bulk-accurate inspection in reduced time. From a metrology point of view, factories have to be ready with any size of component.
Where do you see Faro heading in the next 5-10 years, globally and in India?
With the increased requirement for high quality manufacturing, the company’s role in both offline and inline inspection, will continue to grow and become the solution of choice. We will continue to develop technologies and solutions designed for the industry, with specific solutions in-line with each vertical’s requirement. Thus, our continued growth in the coming years will address the industries’ needs.