According to a market report by Lucintel, the future of the global optical measurement market looks promising with opportunities in the automotive, aerospace and defense, energy and power, electronics manufacturing, industrial, and medical industries. The global optical measurement market is expected to reach an estimated $7.2 billion by 2028 with a CAGR of 5.8% from 2023 to 2028. The major drivers for this market are increasing inclination towards 3D metrology services, growing demand for this device in industry 4.0 settings, and rising demand for IoT based technologies.
In this market, autocollimator, measuring microscope, profile projector, optical digitizers and scanner, coordinate measuring machine, and video measuring machine are the major segments of global optical measurement market by product type. Lucintel forecasts that coordinate measuring machine is expected to witness the highest growth over the forecast period due to its several benefits, such as capacity for easy and accurate measuring, need for less labor, and reduced possible errors.
Within this market, automotive will remain the largest segment due to significant need for optical measurement systems in the automobile sector to upgrade comfort and safety standards.
North America will remain the largest region over the forecast period due to presence of key players and significant demand for optical measurement system in various end use industries including automotive and aerospace sector of the region.
Hexagon, Faro Technologies, Jenoptik, Keyence, Mitutoyo, Nikon, and Vision Engineering are the major suppliers in the global optical measurement market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]