Transparency Market Research
Optical metrology is the technology and science concerning measurements using light. It is the characterization of physical surface properties such as flatness, roughness, curvature, dimensions, etc. These measurements are done to monitor whether the optical component will perform its desired functions or not. Optical metrology solutions use advanced technology to measure hidden dimension, unknown quantities and of various objects that are either impossible or difficult to measure physically.
There has always been the necessity to approve precise measurement data that comply with international industry measurement standards. One of the key organizations, the International Bureau of Weights and Measures is in authority for introduction of international measurement standards for various industries. Organizations across various sectors have to follow such measurement standards, and thus compulsion to follow international measurement standards is among the prominent factor propelling the progress of the global 3D optical metrology solutions market. Also, measurement, inspection, and quality control in the manufacturing process of various industries are expected to drive the growth of the global 3D optical metrology solutions market.
The 3D optical metrology solutions market has been segmented based on deployment, enterprise size, application, and region. Based on deployment, the 3D optical metrology solutions market is segmented into cloud based and on-premise deployment models. The cloud based deployment segment is projected to grow at a significant pace. This is majorly due to the increase in adoption of cloud-based solutions coupled with increasing scalability offered by 3D optical metrology solutions.
By enterprise size, the global 3D optical metrology solutions market is segmented as large enterprises, and small and medium enterprises (SME’s). Large enterprises are expected to have a prominent share in the global 3D optical metrology solutions market, due to their rising investments in advanced technologies. In terms of application, the 3D optical metrology solutions market is segmented into automotive, consumer electronics, aerospace, construction, power, medical and others. Automotive sector is estimated to dominate the 3D optical metrology solutions market. This is due to the increasing adoption of optical metrology solutions in the automotive sector.
Geographically, the 3D optical metrology solutions market is segmented into Asia Pacific, North America, Europe, Middle East & Africa, and South America. North America is expected to dominate the 3D optical metrology solutions market. The U.S and Canada are projected to drive the growth of the 3D optical metrology market in this region due to technological advancements. North America is expected to have major share in the 3D optical metrology solutions market as most of the prominent companies in the market are present in this region.
Asia Pacific-based 3D optical metrology solution providers also have major opportunities lined up for them over the coming years. Asia Pacific is expected to grow significantly on account of the growing information and technology sector in countries such as China, India, South Korea, Japan, and the Philippines. With the increasing application areas of optical metrology solutions and development of emerging markets, the 3D optical metrology solutions market is set to improve in the coming years.
Key players in the global 3D optical measurement solutions market include Hexagon AB, Carl Zeiss, Renishaw, FARO, Nikon, Mitutoyo, Keyence, GOM, Perceptron, Wenzel, Creaform, and Zygo among others. Explosive growth in the number of optical metrology solution providers coupled with extensive developments in the technology are expected to take place over the next five years owing to the enormous market potential offered and the success of the optical measurement technology. Key players in the 3D optical metrology solution market are prominently focusing on introduction of advanced services and solutions in order to strengthen their position and improve their customer base in the market.
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