Optical Metrology Market [2021-2031] - Size and Share
The Optical Metrology Market is expected to register a CAGR of 4.9% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Product (Optical/Laser Scanner, Video Measuring Machine, and Laser Micrometery); Application (Distance Measurement, Surface Inspection, and Form Measurement); End-User (Automotive, Consumer Electronics, Medical, Aerospace & Defense, Energy & Power, and Industrial). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Optical Metrology Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Optical Metrology Market Segmentation
Product- Optical/Laser Scanner
- Video Measuring Machine
- Laser Micrometery
- Distance Measurement
- Surface Inspection
- Form Measurement
- Automotive
- Consumer Electronics
- Medical
- Aerospace & Defense
- Energy & Power
- Industrial
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Optical Metrology Market Growth Drivers- Adoption of Non-Contact Measurement Techniques: Optical metrology's non-contact feature has several advantages, for example, it avoids instrument wear and tear while measurements are fast and efficient. The measurements will likely be destructive to delicate or soft material types because contact-based measurements apply some amount of force on the measuring point. The demand for high-speed contactless measurement methods has been one of the significant drivers, especially in high-volume production lines where speed and efficiency matter..
- Technological Advancements in Optical Systems: Advances in optical technology, like laser scanning, interferometry, and digital holography, improve the capabilities of optical metrology systems. 3D imaging, high-speed data acquisition, and AI integration enable the analysis of measurement data have brought large improvements in accuracy and expanded the scope of application. It is now possible to measure complex surfaces, very large areas, and features in submicron scales, broadening usage across industries.
- Emergence of Automation and Industry 4.0: Optical metrology systems are increasingly now integrated with automated manufacturing processes. As the world shifts towards Industry 4.0, driven by automation, IoT, and real-time analytics, optical metrology seamlessly blends into this concept. These systems can be seamlessly integrated into production lines with real-time inspection and feedback, early identification of defects, and reduced human error.
- Increased Adoption of Non-Contact Measurement Technologies: A key trend in the optical metrology market is the growing preference for non-contact measurement solutions. Traditional metrology methods often involve direct contact with the object being measured, which can lead to wear and tear on both the measurement tools and the objects themselves. Optical metrology, which uses light-based techniques such as laser scanning, structured light, and interferometry, offers the advantage of measuring objects without physical contact, reducing the risk of damage and allowing for faster, more precise measurements. This trend is particularly important in industries like aerospace, automotive, and electronics manufacturing, where high precision and the preservation of delicate surfaces are essential.
- Stringent Quality Control and Regulatory Compliance: With rising pressure for industries to adhere to stringent quality control standards and regulatory requirements, optical metrology solutions are becoming indispensable in the general manufacturing process. Optical measurement systems help companies ensure that their products comply with precise specifications and maintain quality in consecutive batches. The growing emphasis on compliance, especially within regulated sectors such as aerospace, medical devices, and electronics, is a key driver behind the adoption of optical metrology technologies.
- Rising Environmental Awareness and Sustainability Concerns: Concerns over the environment are prompting companies to take greener, cleaner approaches to sanitation through more sustainable cleaning. Energy-saving, waste-reducing, and clearer air means industrial vacuums are highly sought after. Many industrial vacuums are also designed to capture pollutants, which would otherwise go into the atmosphere, supporting efforts towards a more sustainable industrial operation.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Optical Metrology Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Optical Metrology Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Optical Metrology Market is estimated to witness a CAGR of 4.9% from 2023 to 2031
The major factors driving the optical metrology market are:
1. Adoption of Non-Contact Measurement Techniques
2. Technological Advancements in Optical Systems
Emergence of Automation and Industry 4.0 is anticipated to play a significant role in the global optical metrology market in the coming years
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request
Some of the customization options available based on the request are an additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation as our team would review the same and check the feasibility
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
- Optical Metrology Market - By Product
- Optical Metrology Market - By Application
- Optical Metrology Market - By End-User
- Optical Metrology Market - By Region
o By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. OPTICAL METROLOGY MARKET LANDSCAPE
4.1. OVERVIEW
4.2. ECOSYSTEM ANALYSIS
4.3. PEST ANALYSIS
4.3.1. North America - PEST Analysis
4.3.2. Europe - PEST Analysis
4.3.3. Asia Pacific (APAC) - PEST Analysis
4.3.4. Middle East & Africa (MEA) - PEST Analysis
4.3.5. South America (SAM)- PEST Analysis
5. OPTICAL METROLOGY MARKET - KEY INDUSTRY DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. OPTICAL METROLOGY MARKET - GLOBAL MARKET ANALYSIS
6.1. OPTICAL METROLOGY - GLOBAL MARKET OVERVIEW
6.2. OPTICAL METROLOGY - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/ MARKET SHARE
7. OPTICAL METROLOGY MARKET REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. OPTICAL/LASER SCANNER
7.3.1. Overview
7.3.2. Optical/Laser Scanner Market Forecast and Analysis
7.4. VIDEO MEASURING MACHINE
7.4.1. Overview
7.4.2. Video Measuring Machine Market Forecast and Analysis
7.5. LASER MICROMETERY
7.5.1. Overview
7.5.2. Laser Micrometery Market Forecast and Analysis
8. OPTICAL METROLOGY MARKET REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. DISTANCE MEASUREMENT
8.3.1. Overview
8.3.2. Distance Measurement Market Forecast and Analysis
8.4. SURFACE INSPECTION
8.4.1. Overview
8.4.2. Surface Inspection Market Forecast and Analysis
8.5. FORM MEASUREMENT
8.5.1. Overview
8.5.2. Form Measurement Market Forecast and Analysis
9. OPTICAL METROLOGY MARKET REVENUE AND FORECASTS TO 2028 - END-USER
9.1. OVERVIEW
9.2. END-USER MARKET FORECASTS AND ANALYSIS
9.3. AUTOMOTIVE
9.3.1. Overview
9.3.2. Automotive Market Forecast and Analysis
9.4. CONSUMER ELECTRONICS
9.4.1. Overview
9.4.2. Consumer Electronics Market Forecast and Analysis
9.5. MEDICAL
9.5.1. Overview
9.5.2. Medical Market Forecast and Analysis
9.6. AEROSPACE & DEFENSE
9.6.1. Overview
9.6.2. Aerospace & Defense Market Forecast and Analysis
9.7. ENERGY & POWER
9.7.1. Overview
9.7.2. Energy & Power Market Forecast and Analysis
9.8. INDUSTRIAL
9.8.1. Overview
9.8.2. Industrial Market Forecast and Analysis
9.9. OTHERS
9.9.1. Overview
9.9.2. Others Market Forecast and Analysis
10. OPTICAL METROLOGY MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1. North America Optical Metrology Market Overview
10.1.2. North America Optical Metrology Market Forecasts and Analysis
10.1.3. North America Market Forecasts and Analysis - By Product
10.1.4. North America Market Forecasts and Analysis - By Application
10.1.5. North America Market Forecasts and Analysis - By End-User
10.1.6. North America Market Forecasts and Analysis - By Countries
10.1.6.1. US market
10.1.6.1.1. US Market by Product
10.1.6.1.2. US Market by Application
10.1.6.1.3. US Market by End-User
10.1.6.2. Canada market
10.1.6.2.1. Canada Market by Product
10.1.6.2.2. Canada Market by Application
10.1.6.2.3. Canada Market by End-User
10.1.6.3. Mexico market
10.1.6.3.1. Mexico Market by Product
10.1.6.3.2. Mexico Market by Application
10.1.6.3.3. Mexico Market by End-User
10.2. EUROPE
10.2.1. Europe Optical Metrology Market Overview
10.2.2. Europe Optical Metrology Market Forecasts and Analysis
10.2.3. Europe Market Forecasts and Analysis - By Product
10.2.4. Europe Market Forecasts and Analysis - By Application
10.2.5. Europe Market Forecasts and Analysis - By End-User
10.2.6. Europe Market Forecasts and Analysis - By Countries
10.2.6.1. France market
10.2.6.1.1. France Market by Product
10.2.6.1.2. France Market by Application
10.2.6.1.3. France Market by End-User
10.2.6.2. Germany market
10.2.6.2.1. Germany Market by Product
10.2.6.2.2. Germany Market by Application
10.2.6.2.3. Germany Market by End-User
10.2.6.3. Italy market
10.2.6.3.1. Italy Market by Product
10.2.6.3.2. Italy Market by Application
10.2.6.3.3. Italy Market by End-User
10.2.6.4. Russia market
10.2.6.4.1. Russia Market by Product
10.2.6.4.2. Russia Market by Application
10.2.6.4.3. Russia Market by End-User
10.2.6.5. UK market
10.2.6.5.1. UK Market by Product
10.2.6.5.2. UK Market by Application
10.2.6.5.3. UK Market by End-User
10.2.6.6. Rest of Europe market
10.2.6.6.1. Rest of Europe Market by Product
10.2.6.6.2. Rest of Europe Market by Application
10.2.6.6.3. Rest of Europe Market by End-User
10.3. ASIA PACIFIC (APAC)
10.3.1. Asia Pacific Optical Metrology Market Overview
10.3.2. Asia Pacific Optical Metrology Market Forecasts and Analysis
10.3.3. Asia Pacific Market Forecasts and Analysis - By Product
10.3.4. Asia Pacific Market Forecasts and Analysis - By Application
10.3.5. Asia Pacific Market Forecasts and Analysis - By End-User
10.3.6. Asia Pacific Market Forecasts and Analysis - By Countries
10.3.6.1. South Korea
10.3.6.1.1. South Korea Market by Product
10.3.6.1.2. South Korea Market by Application
10.3.6.1.3. South Korea Market by End-User
10.3.6.2. China market
10.3.6.2.1. China Market by Product
10.3.6.2.2. China Market by Application
10.3.6.2.3. China Market by End-User
10.3.6.3. India market
10.3.6.3.1. India Market by Product
10.3.6.3.2. India Market by Application
10.3.6.3.3. India Market by End-User
10.3.6.4. Japan market
10.3.6.4.1. Japan Market by Product
10.3.6.4.2. Japan Market by Application
10.3.6.4.3. Japan Market by End-User
10.3.6.5. Australia market
10.3.6.5.1. Australia Market by Product
10.3.6.5.2. Australia Market by Application
10.3.6.5.3. Australia Market by End-User
10.3.6.6. Rest of APAC market
10.3.6.6.1. Rest of APAC Market by Product
10.3.6.6.2. Rest of APAC Market by Application
10.3.6.6.3. Rest of APAC Market by End-User
10.4. MIDDLE EAST AND AFRICA (MEA)
10.4.1. Middle East and Africa Optical Metrology Market Overview
10.4.2. Middle East and Africa Optical Metrology Market Forecasts and Analysis
10.4.3. Middle East and Africa Market Forecasts and Analysis - By Product
10.4.4. Middle East and Africa Market Forecasts and Analysis - By Application
10.4.5. Middle East and Africa Market Forecasts and Analysis - By End-User
10.4.6. Middle East and Africa Market Forecasts and Analysis - By Countries
10.4.6.1. South Africa market
10.4.6.1.1. South Africa Market by Product
10.4.6.1.2. South Africa Market by Application
10.4.6.1.3. South Africa Market by End-User
10.4.6.2. Saudi Arabia market
10.4.6.2.1. Saudi Arabia Market by Product
10.4.6.2.2. Saudi Arabia Market by Application
10.4.6.2.3. Saudi Arabia Market by End-User
10.4.6.3. UAE market
10.4.6.3.1. UAE Market by Product
10.4.6.3.2. UAE Market by Application
10.4.6.3.3. UAE Market by End-User
10.4.6.4. Rest of MEA market
10.4.6.4.1. Rest of MEA Market by Product
10.4.6.4.2. Rest of MEA Market by Application
10.4.6.4.3. Rest of MEA Market by End-User
10.5. SOUTH AMERICA (SAM)
10.5.1. South America Optical Metrology Market Overview
10.5.2. South America Optical Metrology Market Forecasts and Analysis
10.5.3. South America Market Forecasts and Analysis - By Product
10.5.4. South America Market Forecasts and Analysis - By Application
10.5.5. South America Market Forecasts and Analysis - By End-User
10.5.6. South America Market Forecasts and Analysis - By Countries
10.5.6.1. Brazil market
10.5.6.1.1. Brazil Market by Product
10.5.6.1.2. Brazil Market by Application
10.5.6.1.3. Brazil Market by End-User
10.5.6.2. Argentina market
10.5.6.2.1. Argentina Market by Product
10.5.6.2.2. Argentina Market by Application
10.5.6.2.3. Argentina Market by End-User
10.5.6.3. Rest of SAM market
10.5.6.3.1. Rest of SAM Market by Product
10.5.6.3.2. Rest of SAM Market by Application
10.5.6.3.3. Rest of SAM Market by End-User
11. INDUSTRY LANDSCAPE
11.1. MERGERS & ACQUISITIONS
11.2. MARKET INITIATIVES
11.3. NEW DEVELOPMENTS
12. OPTICAL METROLOGY MARKET, KEY COMPANY PROFILES
12.1. CREAFORM
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products & Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. FARO TECHNOLOGIES
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products & Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. GOM MBH
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products & Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. HEXAGON METROLOGY INC.
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products & Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. KLA-TENCOR CORPORATION
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products & Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. MICRO-VU CORP.
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products & Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. NANOMETRICS INCORPORATED
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products & Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. NIKON METROLOGY NV
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products & Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. QUALITY VISION INTERNATIONAL INC.
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products & Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. S-T INDUSTRIES, INC.
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products & Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Creaform
2. FARO Technologies
3. GOM mbH
4. Hexagon Metrology Inc.
5. KLA-Tencor Corporation
6. Micro-Vu Corp.
7. Nanometrics Incorporated
8. Nikon Metrology NV
9. Quality Vision International Inc.
10. S-T Industries, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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