The mounting pressure on industrial manufacturers to achieve economies of scale, deliver quality product, sustain profitability, and meet the ever rising consumption demand has led to increased industrial automation. This, in turn has had positive impact on the overall demand for automated optical metrology solutions in inspection, quality control, reverse engineering, and virtual simulation applications. The mounting pressure to match quality standards and high error occurrences in the traditional measuring solutions are further expected to favor market demand during the forecast period 2021 - 2029.
These factors are expected to contribute towards a compounded annual growth rate (CAGR) of 7.3% during the forecast period 2021 – 2029. However, concerns including lack of technology standardization across multiple verticals and requisite expertise to efficiently operate optical metrology solutions may pose moderate challenge to the growth prospects over the forecast period.
Report Scope
This report analyzes the global automated optical metrology market in terms of product, end-use application, and geography. On the basis of product, the market is segmented into laser scanners, video measuring machines (VMM), and coordinate measuring machine (CMM). Similarly, on the basis of end-use application, the global market for automated optical metrology is further classified into industrial manufacturing, automotive, heavy industry, electrical and electronics, aerospace, and energy and power among others. The geographical distribution of the global automated optical metrology market considered in this study encompasses regional markets such as North America (U.S. and Canada), Europe (U.K., France, Germany, and Rest of Europe), Asia Pacific (Japan, China, India, Rest of Europe), and Rest of World (Middle East and Africa, and Latin America).
Purpose of the Report
The purpose of this strategic research study titled “Global Automated Optical Metrology Market - Growth, Share, Opportunities, and Competitive Analysis, 2021 – 2029” is to offer industry investors, company executives, and industry participants with in-depth insights to enable them make informed strategic decisions related to the opportunities in the global metrology industry.
Target Audience
USP and Key Offerings
The report titled “Global Automated Optical Metrology Market- Growth, Share, Opportunities, and Competitive Analysis, 2021 – 2029” offers strategic insights into the global automated optical metrology market along with the market size and estimates for the duration 2019 to 2029. The said research study covers in-depth analysis of multiple market segments based on applications, products, and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading players in the automated optical metrology market, their SCOT (Strength, Challenges, Opportunities, and Weaknesses) analysis, market positioning, and key developments. Other in-depth analysis provided in the report includes:
Overall, the research study provides a holistic view of the global automated optical metrology market, offering market size and estimates for the period from 2019 to 2029, keeping in mind the above mentioned factors.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Automated Optical Metrology market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Product Type
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End-use Application
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
