Optical Measurement Market Trends That Will Shape the Next Decade: Insights from A Cutting-Edge Optical 3D Measurement System For Large-Scale

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How Large Will the Optical Measurement Market Size By 2025?
In recent times, there has been robust growth in the size of the optical measurement market. The market, worth $4.5 billion in 2024, is projected to increase to $4.81 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 6.8%. This surge during the historic period can be linked to factors such as the escalating demand for 3D metrology services, the rising acceptance of sophisticated optical measurement solutions, expanded Research & Development expenditures, burgeoning industrialization, and a heightened demand for quality control across different industries.

How Big Is the Optical Measurement Market Size Expected to Grow by 2029?
In the forthcoming years, the optical measurement market is poised to witness substantial growth, with an expected value of $6.46 billion by 2029, reflecting a compound annual growth rate of 7.6%. This anticipated growth can be linked to various factors such as persistent focus on miniaturization in manufacturing, heightened demand for non-contact measurement techniques, broader applications in the healthcare and life sciences domain, added intricacy in manufacturing processes, and rising need for non-contact measurement approaches. Key trends that might play a pivotal role during the forecast period involve the adoption of Industry 4.0 and smart manufacturing, the incorporation of artificial intelligence in optical measurement, increased utilization of hyperspectral imaging for material analysis, the advent of handheld and portable optical measurement devices, and technological advancements.

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Which Key Market Drivers Powering Optical Measurement Market Expansion and Growth?
A surge in the aerospace and defense sectors is anticipated to stimulate the expansion of the optical measurement market. Companies that produce aircraft, water vessels, spacecraft, weapons systems, and defense equipment make up these industries. Due to their need for precision optics, they make significant use of optical coatings. Hence, these growing industries boost the demand for the optical measurement market. To illustrate, Airbus SE, a Dutch aerospace company, reported in January 2023 that it had supplied 661 commercial aircraft to 84 customers in 2022, an 8% increase from the 611 units delivered in 2021. Therefore, it can be concluded that the growth of aerospace and defense industries plays an instrumental role in stimulating the optical measurement market.

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Which Fast-Growing Trends Are Poised to Disrupt the Optical Measurement Market?
The surge of new technological advancements has become a top trend being adopted in the optical measurement market. Leading businesses in this sector are leveraging innovations to strengthen their market presence. Take the example of Scantech, a high-tech company based in China. In April 2023, they rolled out their newest optical 3D measurement system, TrackScan-Sharp. This system features a handheld 3D scanner known as the i-Scanner and an optical device dubbed the i-Tracker. The TrackScan-Sharp signifies the dawn of a new era for Scantech's optical 3D measurement technology, specifically created for the measurement of large-scale components.

What Are the Emerging Segments in the Optical Measurement Market?
The optical measurement market covered in this report is segmented -

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

Subsegments:
1) By Hardware: Optical Sensors, Laser Systems, Imaging Systems, Measurement Instruments, Accessories
2) By Software: Data Analysis Software, Visualization Software, Calibration Software, Control And Automation Software, Application-Specific Software
3) By Services: Installation Services, Maintenance And Support Services, Calibration Services, Consulting Services, Training And Education Services

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Who Are the Global Leaders in the Optical Measurement Market?
Major companies operating in the optical measurement market include 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

Which are the Top Profitable Regional Markets for the Optical Measurement Industry?
North America was the largest region in the optical measurement market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the optical measurement market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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