Published Date : May 20, 2016
Accurate inspection, quality control, and measurement are considered crucial for ensuring a hindrance-free industrial manufacturing process. For an industry to function smoothly it is very important to ensure accurate measurements that comply with the prevalent international standards. Compliance to measurement standards implemented by international organizations is one of the key factors boosting the global automated optical metrology market.
Increasing Demand for Metrology Services to Boost Global Automated Optical Metrology Market
Automated optical metrology allows dimensional analysis of a given object using light. There are many objects whose capacities are unknown and are difficult to measure physically. Devices used in optical metrology enables measuring such complex objects to provide accurate results. Furthermore, the optical metrology technology is also used for quality control of products manufactured in order to ensure optimal accuracy in them. Moreover, the increasing demand for metrology services from various industry and the following sophistication of services being offered have made automation imperative for optical metrology solutions.
Global Automated Optical Metrology Market to Exhibit 7.6% CAGR between 2014 and 2021
As per a report published by Transparency Market Research, the global automated optical metrology market stood at US$0.92 bn in 2014. Rising at a CAGR of 7.6%, the market is expected to reach a valuation of US$1.5 bn by the end of 2021. Automated optical metrology devices require minimal human intervention yet they offer precise measurement of unknown quantities of complex objects. The International Bureau of Weights and Measure is one of the major organizations responsible for deciding measurement standards for industries around the world. Industries such as automotive, medical, electronics, and aerospace and defense, and others are required to adhere to the measurement standards laid by these organizations. This is a key factor boosting the market automated metrology.
Europe and North America to Emerge as Largest and Second Largest Regional Markets, Respectively
Regionally, Europe has proven to be the most lucrative market for automated optical metrology, followed by North America in 2014. However, in the forthcoming years the market is expected to witness rising opportunities in Asia Pacific and Rest of the World.