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SFG Measurement System Market to Reach Valuation of US$ 1.6 Bn by 2031

02-08-2023 03:53 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: TMR

Transparency Market Research delivers key insights on the global SFG measurement system market. In terms of revenue, the global SFG measurement system market is estimated to expand at a CAGR of ~6% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global SFG measurement system market.

The global SFG measurement system market is broadly affected by several factors, including application of SFG measurements instruments in spectroscopy and increasing demand for surface measurement systems. Adoption of advanced optical measurement solutions and rising demand from 3D measurement systems are up the SFG measurement system market. However, the market for SFG measurement system is likely to be hindered by factors such as lack of simplified software solutions.

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SFG Measurement System Market: Dynamics

Organic optoelectronics has been gaining attention for the past few years and is becoming the emerging industrial economic growth point. Heterogeneous interfaces in organic optoelectronic devices are the most complex and critical components that decide the device performance and the fate of device stability. Therefore, considerable efforts are devoted to characterize and understand properties such as chemistry, molecular packing, and energy level of embedded interfaces. SFG measurement systems are used for the investigation of surfaces, and interfaces of solids, liquids, polymers, biological membranes and other systems. These are also utilized for the study of surface structure, chemical composition, and molecular orientation. SFG measurement systems can make remote sensing in hostile environment easier; they can be used for investigation of surface reactions under real atmosphere, catalysis, and surface dynamics. Moreover, they also play a crucial role in the study of epitaxial growth, electrochemistry, material, and environmental problems. Hence, the positive impact of this driver is estimated to be high and increase more during the forecast period.

The demand for 3D SFG measurement system is increasing, along with the demand for digitalization of manufacturing processes and on-demand production in industries. Rapid advancements in design processes due to the implementation of virtual product development have led to the delivery of individualized products in shorter lead times. Reducing unnecessary samples and mass-production is the required effect, next to the development of high-quality products. Manufacturers are focused on manufacturing the best 3D measurement systems, which could be used to produce a digital copy of the human body's surface. It generates an outline of the person's shape and an extensive list of body measurements. These measurements and avatar are used to create "made to measure"- garments for on-demand production. On the other hand, these 3D measurement systems are also utilized in various sectors, including medical and automobile, which, in turn, is expected to boost the market during the forecast period.

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SFG Measurement System Market: Prominent Regions

The SFG measurement system market in North America is likely to expand considerably during the forecast period, owing to the presence of key market players, technological advancements, and expansion of the automotive sector in the region. The market in Europe is also expected to expand at a decent pace during the forecast period, due to significant expansion of the automotive sector and the optical & metal bearing sector in the region. Countries such as Germany, the U.K., Italy, and France have prominent semiconductor and electronics sectors. This boosts the SFG measurement system market in Europe. SFG measurement system market in Asia Pacific is projected to expand during the forecast period, owing to the presence of a large number of players engaged in the design and manufacture of SFG measurement systems. Furthermore, the production of smartphones and the other optical & metal bearing products are also significant in the region, especially in China, Japan, South Korea, and in ASEAN. The presence of a prominent semiconductor sector propels the demand for SFG measurement system in Asia Pacific. While the market in Middle East & Africa and South America is estimated to expand at a steady pace during the forecast period, owing to the presence of only a few manufacturers of SFG measurement systems in these regions. Moreover, economic uncertainties in South America are projected to boost the market in the region in a more conservative manner during the forecast period.

SFG Measurement System Market: Key Players

Key players operating in the global SFG measurement system market are Mahr GmbH, Carl Zeiss AG, EXTECH, Hexagon AB, JENOPTIK AG, KEYENCE Corporation, Mitutoyo Corporation, Starrett, Taylor Hobson, and TOKYO SEIMITSU CO., LTD.

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About Us Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

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