Growth In Aerospace And Defense Industries Drives The Market: Core Growth Enabler in the Optical Measurement Market, 2025

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What Will the Optical Measurement Industry Market Size Be by 2025?
The market size for optical measurement has seen significant expansion in the past few years. The market is projected to increase from $4.5 billion in 2024 to $4.76 billion in 2025, with a compound annual growth rate (CAGR) of 5.6%. This growth surge during the historical period is driven by factors such as the rising demand for 3D metrology services, wider acceptance of sophisticated optical measurement solutions, an increase in research and development expenditure, heightened industrialization, and a growing call for quality control across various sectors.

What's the Long-Term Growth Forecast for the Optical Measurement Market Size Through 2029?
The optical measurement market is anticipated to witness robust expansion in the ensuing years. It is projected to reach a size of $6.28 billion by 2029, with a compound annual growth rate (CAGR) of 7.2%. Factors contributing to this growth during the forecast period include the ongoing focus on manufacturing miniaturization, increasing need for non-contact measurement methods, broadening of applications in the healthcare and life sciences sectors, heightened manufacturing process complexity, and a surge in demand for non-contact measurement techniques. Key trends during the forecast period will include the transitioning towards industry 4.0 and smart manufacturing, the integration of artificial intelligence with optical measurement, a rise in the application of hyperspectral imaging in material analysis, the introduction of handheld and portable optical measurement devices, and technological advancements.

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What Are the Key Growth Drivers Fueling the Optical Measurement Market Expansion?
The expansion of aerospace and defense sectors is predicted to stimulate the optical measurement market's growth in the future. These sectors encompass firms engaged in the production of aircraft, marine vessels, spacecraft, weapons systems, and defense equipment. Optical coatings, which are vital for precision optics, are extensively used in aerospace and defense machinery. Consequently, as these industries grow, so does the demand for the optical measurement market. For example, Airbus SE, a Dutch aerospace company, reported in January 2023 that it had delivered 661 commercial aircraft to 84 customers in 2022, reflecting an 8% rise from the 611 units it sold in 2021. As such, the optical measurement market is experiencing growth driven by the expanding aerospace and defense sectors.

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What Are the Key Trends Driving Optical Measurement Market Growth?
Emerging technological innovations have become a key trending factor in the optical measurement industry. In order to strengthen their footing in the market, major corporations are introducing novel solutions. For instance, Scantech, a high-tech enterprise based in China launched its advanced optical 3D measurement system, TrackScan-Sharp in April 2023. This new system incorporates a portable 3D scanner known as the i-Scanner and another optical instrument, the i-Tracker. Specifically designed for measuring large-scale components, TrackScan-Sharp signifies a new generation of Scantech's optical 3D measurement technology.

How Is the Optical Measurement Market Segmented?
The optical measurementmarket 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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Which Companies Are Leading the Charge in Optical Measurement Market Innovation?
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 Regions Are Leading the Global Optical Measurement Market in Revenue?
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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