Optical Measurement Market to Reach $4.81 Billion in 2025: Thriving on Aerospace and Defense Industries, Advanced Solutions and Emerging Trends

Optical measurement industry is set for unprecedented growth; anticipating market expansion to $4.81 billion in 2025, with a CAGR of 6.8% and expected to further accelerate to reach $6.46 billion in 2029 at a CAGR of 7.6%.

What Is The Projected Market Size Of The Global Optical Measurement Market And Its Growth Rate?

• The optical measurement market is expected to grow from $4.5 billion in 2024 to $4.81 billion in 2025 at a compound annual growth rate (CAGR) of 6.8%.
• Factors contributing to this growth include increasing adoption of advanced optical measurement solutions, growing R&D spending, burgeoning industrialization, and surge in demand for quality control across various industries.
• The market is forecasted to reach $6.46 billion in 2029 at a compound annual growth rate (CAGR) of 7.6%.
• Growth in the forecast period can be attributed to the emphasis on miniaturization in manufacturing, rise in demand for non-contact measurement techniques, expansion of applications in healthcare and life sciences, increasing complexity of manufacturing processes, and growing adoption of non-contact measurement techniques.

What Is Driving The Growth In The Optical Measurement Market?

The uptake in aerospace and defense industries is a significant driver for the growth of the optical measurement market. Precise optics are extensively used in aerospace and defense machines, thereby boosting the demand for optical measurement solutions. For example, according to Airbus SE, the company delivered 661 commercial aircraft to 84 customers in 2022, a hike of 8% from the 611 units sold in 2021. This uptick in the aerospace and defense industries makes a convincing case for the growth of the optical measurement market.

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Who Are the Key Players Driving Optical Measurement Market Growth?

• Vision Engineering Limited
• Nikon Corporation
• Mitutoyo Corporation
• Hexagon AB
• Faro Business Technologies India Pvt. Ltd.
• Jenoptik AG
• Carl Zeiss AG
• GOM & Company
• Keysight Technologies Inc.
• R&D Vision
• Ametwk Inc.
• Olympus Corporation
• Quality Vision International Pvt. Ltd.
• Nova Measuring Instruments Ltd.
• Steinbichler Optotechnik GmbH
• Nanometrics Incorporated
• Breuckmann GmbH
• Perceptron Inc.
• ST Industries Inc.
• Creaform Inc.
• Third Dimension Private Limited
• Keyence Corporation
• Accretech Finance Co. Ltd.
• Zygo Corporation
• KLA-Tencor Corporation
• Renishaw plc
• Alicona Imaging GmbH
• Bruker Corporation
• CyberOptics Corporation
• Avantes BV

What Are The Key Trends In The Optical Measurement Market?

•Adoption of industry 4.0 and smart manufacturing
•Integration of artificial intelligence in optical measurement
•Increase in the use of hyperspectral imaging for material analysis
•Emergence of portable and handheld optical measurement devices
•Technological advancements

What Are The Segments Of The Global Optical Measurement Market?

1) By Offering: Hardware, Software, Services
2) By Component: Autocollimators, Measuring Microscopes, Profile Projectors, Optical Digitizers And Scanners, Coordinate Measuring Machines (CMMs), Video Measuring Machines
3) By End-User: Automotive, Aerospace And Defense, Energy And Power, Electronics Manufacturing, Industrial, Medical, Other End Users.

Which Region Leads The Optical Measurement Market?

In 2024, North America dominated the optical measurement market while the Asia-Pacific region is expected to be the fastest growing in the forecast period. The optical measurement market report encompasses regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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What Is Covered In The Optical Measurement Global Market Report?

- Market Size Analysis: Analyze the Optical Measurement Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Optical Measurement Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the market.
- Market Contribution: Evaluate contributions of different segments to the overall Optical Measurement Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Optical Measurement Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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