Global Optical Metrology Market Size, Share, Development, Growth and Demand Forecast to 2020

The manufacturing industry has evolved into a highly competitive market during the last few years, owing to continuously narrowing profit margin. In modern manufacturing facilities, the process automation plays a key role in economy of scale, along with the productivity and profitability. The lack of skilled work force (especially in the developing countries), growing pressure to match international quality standards, in addition with high error rate in existing measuring equipment are the predominant growth drivers for the global optical metrology market. However, lack of global standardization of the optical metrology technology for its different application sectors is acting as major hindrance in the growth of the market.

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Optical metrology is a measurement technology, which is used widely to calculate or access unknown quantities. The measurement technology of optical metrology is entirely based on the non-contacting and non-invasive method. The higher efficiency of optical metrology in large volume, along with faster measuring capability are the major growth drivers for the market. Among the various application segments, the automotive sector accounted for the largest market share in 2014. The semiconductor and electronics industry is also among the major end users of this technology.

Among the product segment, the laser scanners accounted for the majority of market share in 2014. Laser scanners facilitate digital imaging, in order to get the coordinate points of an image, which is further used in the reconstruction of the images in three dimensions (3D). Optical metrology is majorly used in applications, where physical contact between the object to be measured and the sensors cannot be made. It is possible by the use of different light sources, such as lasers and narrowband light sources, which are focused on the test object, in order to record its measurements and then project it back on a receiving target

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Over the years, the automotive industry has witnessed a lucrative growth, owing to increasing demand of the passenger car from the developing countries. As of 2014, China was the world’s largest producer of passenger car. The optical metrology equipment are widely used for accurate measurement in automotive sector, especially during the requirement of measuring objects in precise having unknown quantities. The growth of automotive sector is expected to continue, even during the forecast period, which in turn is expected to drive the growth of the market in the coming years.

Aerospace industry is also expected to be a lucrative sector for optical metrology, during the forecast period. In the aerospace market, aircrafts for civil passenger are expected to double its number by the year 2030, as compared to current market in terms of volume. Moreover, the worldwide increase in the air traffic, the growth of civil aerospace, in addition to replacement of aging aircrafts globally is expected to boost the growth of the market during the forecast period.

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