Optical Measurement Market Analysis, Region & Country Revenue Share, & Forecast Till 2028
High demand for 3D
metrology services in automotive industry and increasing adoption in various
industrial applications are some key factors driving market revenue growth
Market Size – USD
2.11 Billion in 2020, Market Growth – at a CAGR of 6.9%, Market Trends – Rapid
industrialization in developing countries
The Global Optical
Measurement Market size is expected to reach USD 3.63 Billion in 2028 and
register a CAGR of 6.9% over the forecast period, according to the latest
report by Reports and Data. Factors such as higher adoption of smart optical
measurement instruments in various applications, increasing requirement of high
purity grade products in chemical and pharmaceutical industries, and rising
demand for 3D metrology services are anticipated to drive market revenue
growth.
Optical measurement system is an electronic measuring device
that is widely used to measure properties and physical structure of different
objects. In addition, this device consists of a light source, lens, and one
detector. Autocollimator, measuring microscope, profile projector, optical
digitizers and scanners, coordinate measuring machines, and video measuring
machines are some of the most commonly used optical measurement systems across
the globe. Autocollimator is an optical device that is used to make angular
measurements. These systems are extensively used in various end-use verticals
such as automotive, aerospace and defense, energy and power, electronics
manufacturing, industrial, medical, and others.
Automated manufacturing workflows in the automotive industry
require high levels of traceability, precision, and repeatability. Car
manufacturers working with various suppliers are focusing on developing
innovative solutions to ensure optimal performance and proper fitting of
components. Increasing adoption of metrology-grade 3D scanning solutions is
enabling auto manufacturers to virtually build high-quality components and
parts.
Rising investments in research & development activities
to introduce advanced products is one of the major factors expected to
positively impact market growth in the near future. Furthermore, technological
advancements have led to the adoption of modern technologies and automation by
various companies to introduce high-quality optical measurement devices.
Get
a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/4692
Companies
profiled in the market report include Hexagon, Faro Technologies, Jenoptik,
Keyence, Mitutoyo, Nikon, Vision Engineering, Zygo Corporation, GOM, and Carl
Zeiss.
Some Key Highlights From the Report:
- In
September 2021, Yokogawa, which is a leading provider of test and
measurement solutions, announced the launch of AQ6374, an Optical Spectrum
Analyzer (OSA), which is designed to develop next-generation optical
communication components.
- In
July 2020, Polytec launched 3D optical profilers which can be used to
measure roughness, step heights, texture, waviness, and other surface
parameters.
- Based
on offering, hardware segment accounted for largest revenue share in 2020,
owing to rising demand for sensors, cameras, and lenses. In addition,
increasing adoption of optical measurement devices in a wide range of
end-use industries such as automotive and chemical is also supporting
growth of this segment.
- Based
on product type, coordinate measuring machines segment is expected to
account for significantly steady revenue share over the forecast period.
Increasing adoption of coordinate measuring devices due to various
advantages such as requirement of less labor, ability to provide easy and
accurate measurement, and lower chances of error is expected to support
growth of this segment in the near future.
- North
America is expected to account for largest revenue share over the forecast
period. Technological advancements in automotive industry, presence of key
companies in countries such as the United States, and increasing adoption
of optical measurement devices in aerospace sector are some of the major
factors driving market revenue growth in this region.
To identify the key trends in the industry, click on the
link below: https://www.reportsanddata.com/report-detail/optical-measurement-market
For the purpose of this report, Reports and Data has
segmented the global optical measurement market based on offering, product
type, end-use, and region:
Offering Outlook (Revenue, USD Billion; 2018-2028)
- Software
- Hardware
- Services
Product Type Outlook (Revenue, USD Billion;
2018-2028)
- Autocollimator
- Measuring
Microscope
- Profile
Projector
- Optical
Digitizers and Scanners
- Coordinate
Measuring Machines
- Video
Measuring Machines
End-use Outlook (Revenue, USD Billion; 2018-2028)
- Automotive
- Aerospace
& Defense
- Energy
and Power
- Electronics
Manufacturing
- Industrial
- Medical
- Others
Regional Outlook (Revenue, USD Billion; 2018-2028)
- North
America
- Europe
- Asia
Pacific
- Latin
America
- Middle
East & Africa
Request a
customization of the report @ https://www.reportsanddata.com/request-customization-form/4692
Market Report includes major TOC points:
- Optical
Measurement market Overview
- Global
Economic Impact on Industry
- Global
Market Competition by Manufacturers
- Global
Production, Revenue (Value) by Region
- Global
Supply (Production), Consumption, Export, Import by Regions
- Global
Production, Revenue (Value), Price Trend by Type
- Global
Market Analysis by Application
- Manufacturing
Cost Analysis
- Industrial
Chain, Sourcing Strategy and Downstream Buyers
- Marketing
Strategy Analysis, Distributors/Traders
- Market
Effect Factors Analysis
- Optical
Measurement market Forecast
Conclusively, all aspects of the Optical Measurement
market are quantitatively as well qualitatively assessed to study the global as
well as regional market comparatively. This market study presents critical
information and factual data about the market providing an overall statistical
study of this market on the basis of market drivers, limitations and its future
prospects.
Comments
Post a Comment