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Europe to Dominate Global Optical Metrology Market between 2014 and 2020

05-13-2016 05:22 PM CET | IT, New Media & Software

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Europe to Dominate Global Optical Metrology Market between 2014

In a report, titled “Optical Metrology Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020,” Transparency Market Research provides a holistic overview of the global market for optical metrology, covering the factors influencing its growth trajectory between 2014 and 2020. Comprising exhaustive information obtained from trusted industrial sources, the report makes for a valuable guidebook for stakeholders seeking relevant information pertaining to the global optical metrology market and its growth metrics.

Optical metrology uses the interaction of an object with light to measure unknown quantities. It is a unique technology involving measurements with light. The measurement is based on the tenet that light is transmitted without any physical contact between the sensors and the object to be measured. Measuring objects using optical metrology is possible by using different light sources such as lasers, narrowband light, and broadband, which are directed on test objects where measurements are recorded and then projected back on a receiving target. The data obtained, therefore, undergoes processing, where it is first interpreted by using software algorithms to provide an accurate representation of the data required.

Optical metrology allows operating with larger volumes of measurement. It also has the ability to set the measurement focus at the point of interest with high precision. Hence, the demand for optical metrology is significantly rising in end-use industries such as automotive, aerospace, power generation, and medical. Additionally, optical metrology systems are increasingly being used by semiconductor companies around the world in their semiconductor manufacturing processes.

The major applications of optical metrology include calibration of high-dimensional sensor models, laser speckle metrology, polished surface quality examination, close range photogrammetry, sensor signal processing, interferometric distance measurements, and measuring uncertainties in complex objects.

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The global optical metrology market can be broadly classified into laser scanners, laser micrometry, and vision measuring machines. The market is gaining from the shortage of skilled precision machine operators, inadequate applicability of existing equipment, and the rising adoption of international quality standards. However, the lack of universal systems applicable across various sectors poses a major challenge in front of the market restraining its growth to an extent.

The market is likely to gain impetus from the rising demand for quality machine parts around the world as producers look forward to maintaining the overall quality of the products they manufacture. Optical metrology will thus remain a crucial component of overall dimensional metrology systems.

Regionally, Europe currently dominates the global optical metrology market due to the increasing demand for optical metrology for industrial and aerospace applications. The market for optical metrology in Asia Pacific is also anticipated to exhibit robust growth over the report’s forecast period.

To provide a holistic overview of the prevailing competitive landscape, the report also profiles companies operating in the market. Some of the enterprises profiled in the report are Hexagon Metrology, Inc., GOM mbH, Nikon Instruments, Inc., Nova Measuring Instruments Ltd., Mitutoyo Corporation, KLA-Tencor Corporation, Nanometrics Incorporated, FARO Technologies, Creaform, and others.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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