Optical Measurement Market Shaping Industry Standards Metrology's Dominance in 2028

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

 

 

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.

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The optical measurement market is experiencing significant revenue growth, primarily due to the widespread adoption of optical metrology across various industries such as machine manufacturing, semiconductor, healthcare, and oil gas. This surge in usage is driven by the precision and accuracy offered by optical measurement techniques. Industries are increasingly relying on these techniques to ensure quality control and precise measurements in their manufacturing processes.

One of the notable contributors to this growth is the rapid expansion of the semiconductor sector. As semiconductor devices become smaller and more complex, the demand for high-precision measurement tools has escalated. Consequently, companies are investing heavily in research and development to create innovative products that cater to the specific needs of this industry.

Moreover, the infusion of Internet of Things (IoT) based technologies has propelled the adoption of optical measurement methods. IoT's interconnected devices require accurate measurements for seamless functionality, and optical metrology offers the required precision for such applications.

In addition to these factors, the healthcare industry has also recognized the value of optical measurement techniques, especially in medical imaging and diagnostics. Optical measurements are playing a crucial role in enhancing medical procedures and patient care.

 

Furthermore, the oil gas sector has started leveraging optical metrology for tasks such as pipeline inspection and wellbore measurement. The non-contact nature of optical measurement makes it particularly suitable for hazardous environments and challenging conditions.

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

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Key Regional Markets Covered in the Report:

  • North America (U.S., Canada, Mexico)
  • Europe (U.K., Italy, Germany, Spain, France, BENELUX, Rest of Europe)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of Asia Pacific)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)

Top Companies Operating in the Global Optical Measurement Market:

Hexagon, Faro Technologies, Jenoptik, Keyence, Mitutoyo, Nikon, Vision Engineering, Zygo Corporation, GOM, and Carl Zeiss.

Key Takeaways of the Competitive Overview Section:

  • Overview of the company profiles of each market player
  • Industrial chain analysis of each player
  • Revenue share contribution
  • Sales network and distribution channels and net profits and losses of each company
  • Key business growth strategies undertaken by these players

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