Market Overview:
The global optical measurement market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for precision and accuracy in manufacturing processes, and the growing adoption of optical measurement devices in various industries such as automotive, aerospace & defense, energy and power, electronics manufacturing, industrial, medical etc. The global optical measurement market is segmented on the basis of type into autocollimators, measuring microscopes, profile projectors, ODSs (optical digitizers and scanners), CMMs (coordinate measuring machines) and VMMs (video measuring machines). The autocollimators segment is expected to hold the largest share of the global optical measurement market during the forecast period. This can be attributed to its ability to provide high accuracy measurements over long distances without any distortion or loss of information. On the basis of application,the global optical measurement market is divided into automotive industry , aerospace & defense industry , energy and power industry , electronics manufacturing industry , industrial automation industry , medical device industry . The automotive application segment is projectedto grow at a highest CAGR duringthe forecast period owingto increase in demand for automobilesand rising need for quality controlin thisindustry .
Product Definition:
Optical measurement is a technique used to measure the optical properties of a material. This includes the intensity, wavelength, and polarization of light. Optical measurements are important for characterizing light-emitting diodes (LEDs), lasers, and other optical devices.
Autocollimators:
Autocollimators are optical instruments that can be used for measuring the surface characteristics of moving objects without any contact between the object and the measurement medium. It is an innovative technology that has evolved from non-contact methods such as interferometry, laser Doppler vibrometer, etc. The basic principle behind autocollimators is based on interference of light waves generated by a source and reflected by a mirror or lens which forms an image of the surface below.
Measuring Microscopes:
The global measuring microscopes market is expected to witness significant growth over the forecast period. Microscopes are instruments that aid in magnification and provide a closer look at objects. They can be used for viewing cells, molecules, viruses or even stars & planets up close which further helps in gaining knowledge about them. The different types of measuring microscopes include light-sheet fluorescence, phase contrast and interference color methods among others like laser Doppler vibrometer etc.).
Application Insights:
The industrial segment dominated the global market in terms of revenue share in 2017. The growth can be attributed to the increasing demand for high-precision components and devices across various industries such as automotive, aerospace & defense, electronics manufacturing, and others. In addition, a significant increase in R&D activities related to optical technologies is also expected to drive the industry growth over the forecast period.
The energy and power segment accounted for a considerable market share of 19% by revenue in 2017 owing to factors such as growing need for advanced measurement solutions that ensure higher accuracy while reducing operating costs along with time savings during project development phase. Furthermore, an increase in renewable energy generation has ledto an increased demandfor accurate coordinate measuring systems that ensure high precision while reducing human errors during installation process.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period owing to increasing R&D activities and high adoption of automation in various industries. Asia Pacific is projected to grow at a lucrative rate over the forecast period owing to increasing investments by governments and industry players for manufacturing processes that are carried out manually or semi-automatically, thereby eliminating human error from the process. This will help boost production output with minimal expenditure on labor costs, which will further drive demand over the next eight years. Moreover, rising disposable income levels coupled with growing industrialization across emerging economies such as China and India are anticipated to fuel product demand in this region during the same period.
Growth Factors:
- Increasing demand for miniaturization and higher accuracy in optical measurement systems
- Proliferation of optical sensors in consumer electronics and automotive industries
- Development of new measurement techniques and technologies
- Growing demand for metrology services from semiconductor and nanotechnology industries
- Rising awareness about the benefits of optical measurements among end-users
Scope Of The Report
Report Attributes
Report Details
Report Title
Optical Measurement Market Research Report
By Type
Autocollimators, Measuring Microscopes, Profile Projectors, Optical Digitizers and Scanners (ODSs), Coordinate Measuring Machines (CMMs), Video Measuring Machines (VMMs)
By Application
Automotive, Aerospace & Defense, Energy and Power, Electronics Manufacturing, Industrial, Medical
By Companies
Hexagon, Jenoptik, Faro Technologies, Nikon, Carl Zeiss, Keyence Corporation, Mitutoyo Corporation, Vision Engineering, GOM, Zygo Corporation, Carmar Accuracy
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Optical Measurement Market Report Segments:
The global Optical Measurement market is segmented on the basis of:
Types
Autocollimators, Measuring Microscopes, Profile Projectors, Optical Digitizers and Scanners (ODSs), Coordinate Measuring Machines (CMMs), Video Measuring Machines (VMMs)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Aerospace & Defense, Energy and Power, Electronics Manufacturing, Industrial, Medical
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hexagon
- Jenoptik
- Faro Technologies
- Nikon
- Carl Zeiss
- Keyence Corporation
- Mitutoyo Corporation
- Vision Engineering
- GOM
- Zygo Corporation
- Carmar Accuracy
Highlights of The Optical Measurement Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Autocollimators
- Measuring Microscopes
- Profile Projectors
- Optical Digitizers and Scanners (ODSs)
- Coordinate Measuring Machines (CMMs)
- Video Measuring Machines (VMMs)
- By Application:
- Automotive
- Aerospace & Defense
- Energy and Power
- Electronics Manufacturing
- Industrial
- Medical
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Optical Measurement Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Optical measurement is the process of measuring the properties of light, such as its wavelength, intensity, and direction. Optical measurements are used in a variety of fields, including astronomy, physics, and engineering.
Some of the major companies in the optical measurement market are Hexagon, Jenoptik, Faro Technologies, Nikon, Carl Zeiss, Keyence Corporation, Mitutoyo Corporation, Vision Engineering, GOM, Zygo Corporation, Carmar Accuracy.
The optical measurement market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Optical Measurement Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Optical Measurement Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Optical Measurement Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Optical Measurement Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Optical Measurement Market Size & Forecast, 2018-2028 4.5.1 Optical Measurement Market Size and Y-o-Y Growth 4.5.2 Optical Measurement Market Absolute $ Opportunity
Chapter 5 Global Optical Measurement Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Optical Measurement Market Size Forecast by Type
5.2.1 Autocollimators
5.2.2 Measuring Microscopes
5.2.3 Profile Projectors
5.2.4 Optical Digitizers and Scanners (ODSs)
5.2.5 Coordinate Measuring Machines (CMMs)
5.2.6 Video Measuring Machines (VMMs)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Optical Measurement Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Optical Measurement Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Aerospace & Defense
6.2.3 Energy and Power
6.2.4 Electronics Manufacturing
6.2.5 Industrial
6.2.6 Medical
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Optical Measurement Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Optical Measurement Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Optical Measurement Analysis and Forecast
9.1 Introduction
9.2 North America Optical Measurement Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Optical Measurement Market Size Forecast by Type
9.6.1 Autocollimators
9.6.2 Measuring Microscopes
9.6.3 Profile Projectors
9.6.4 Optical Digitizers and Scanners (ODSs)
9.6.5 Coordinate Measuring Machines (CMMs)
9.6.6 Video Measuring Machines (VMMs)
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Optical Measurement Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Aerospace & Defense
9.10.3 Energy and Power
9.10.4 Electronics Manufacturing
9.10.5 Industrial
9.10.6 Medical
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Optical Measurement Analysis and Forecast
10.1 Introduction
10.2 Europe Optical Measurement Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Optical Measurement Market Size Forecast by Type
10.6.1 Autocollimators
10.6.2 Measuring Microscopes
10.6.3 Profile Projectors
10.6.4 Optical Digitizers and Scanners (ODSs)
10.6.5 Coordinate Measuring Machines (CMMs)
10.6.6 Video Measuring Machines (VMMs)
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Optical Measurement Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Aerospace & Defense
10.10.3 Energy and Power
10.10.4 Electronics Manufacturing
10.10.5 Industrial
10.10.6 Medical
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Optical Measurement Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Optical Measurement Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Optical Measurement Market Size Forecast by Type
11.6.1 Autocollimators
11.6.2 Measuring Microscopes
11.6.3 Profile Projectors
11.6.4 Optical Digitizers and Scanners (ODSs)
11.6.5 Coordinate Measuring Machines (CMMs)
11.6.6 Video Measuring Machines (VMMs)
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Optical Measurement Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Aerospace & Defense
11.10.3 Energy and Power
11.10.4 Electronics Manufacturing
11.10.5 Industrial
11.10.6 Medical
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Optical Measurement Analysis and Forecast
12.1 Introduction
12.2 Latin America Optical Measurement Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Optical Measurement Market Size Forecast by Type
12.6.1 Autocollimators
12.6.2 Measuring Microscopes
12.6.3 Profile Projectors
12.6.4 Optical Digitizers and Scanners (ODSs)
12.6.5 Coordinate Measuring Machines (CMMs)
12.6.6 Video Measuring Machines (VMMs)
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Optical Measurement Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Aerospace & Defense
12.10.3 Energy and Power
12.10.4 Electronics Manufacturing
12.10.5 Industrial
12.10.6 Medical
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Optical Measurement Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Optical Measurement Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Optical Measurement Market Size Forecast by Type
13.6.1 Autocollimators
13.6.2 Measuring Microscopes
13.6.3 Profile Projectors
13.6.4 Optical Digitizers and Scanners (ODSs)
13.6.5 Coordinate Measuring Machines (CMMs)
13.6.6 Video Measuring Machines (VMMs)
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Optical Measurement Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Aerospace & Defense
13.10.3 Energy and Power
13.10.4 Electronics Manufacturing
13.10.5 Industrial
13.10.6 Medical
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Optical Measurement Market: Competitive Dashboard
14.2 Global Optical Measurement Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hexagon
14.3.2 Jenoptik
14.3.3 Faro Technologies
14.3.4 Nikon
14.3.5 Carl Zeiss
14.3.6 Keyence Corporation
14.3.7 Mitutoyo Corporation
14.3.8 Vision Engineering
14.3.9 GOM
14.3.10 Zygo Corporation
14.3.11 Carmar Accuracy