The Optical Measurement Market size was estimated at USD 4.83 billion in 2022 and is expected to reach USD 7.51 billion by 2030 at a CAGR of 4.91% during the forecast period of 2023-2030.
Various industries use optical measuring techniques because they provide quick and exact measurements in a short period of time, with data transfer occurring in real time. The gadgets can also be utilized to complete difficult and time-sensitive activities. The key advantage of employing this approach is that it is non-contact, which means there is no harm to the component's surface. The technology is utilized for a variety of purposes, including quality assurance in manufacturing and monitoring vehicle speed restrictions to maintain road safety. Rising demand for optical measuring equipment in industries such as aerospace, automotive, military, medical, industrial, electronics manufacturing, energy, and power is expected to fuel market expansion. To keep mission-critical applications on track, the military Vertical demands precise measuring equipment that has undergone rigorous calibration and traceability. Furthermore, these devices must adhere to regulatory standards like AS9100, ISO 9001, and their derivatives in order to supply devices with dependable and precise metrology solutions.
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MARKET DYNAMICS
DRIVER
Increasing Demand for Manufacturing Automation Increasing Focus on Quality Control
The region's industries aspire to increase production, efficiency, and quality control. Automation has emerged as a critical tactic. Optical measuring systems are critical in automation because they provide precise and dependable measurement data for a variety of production processes. For dimensional inspection, alignment, surface analysis, and quality assurance, automation demands precise and real-time data. To address these objectives, optical measuring systems have sophisticated capabilities. They acquire and analyze data reliably and quickly using technologies such as laser scanning, machine vision, and photogrammetry. As a result, the growing need for factory automation is a crucial driver of market development.
RESTRAIN
Stringent quality standards and regulatory requirements for product quality and safety, particularly in industries such as aerospace, automotive, and healthcare, can push the use of sophisticated optical measuring technology to achieve compliance standards.
Environmental rules Increasing environmental rules may compel businesses to use optical measuring technologies to maximize resource use and reduce waste.
OPPORTUNITY
Rapid advancements in optical technologies, such as 3D imaging, spectroscopy, and hyperspectral imaging, may create new opportunities for new applications and drive market expansion.
Integration of optical measuring technologies with Vertical 4.0 initiatives such as IoT and automation can improve manufacturing processes and quality control, influencing market demand.
CHALLENGES
Consolidation of the Market Consolidation in the optical measuring Vertical may occur as larger businesses buy smaller rivals or extend their product portfolios, altering market competitiveness and pricing dynamics.
Players on the Rise With unique solutions and competitive pricing, creative startups, and rising technology firms may threaten existing optical measuring sectors.
IMPACT OF RUSSIA-UKRAINE WAR
The Russia-Ukraine conflict, as well as high inflation, are projected to have long-term consequences for the global optical communication and networking equipment market. The ongoing research looks at how the epidemic has affected consumer behavior, supply chain disruptions, and government initiatives. Similarly, the research addresses the continued political and economic uncertainty in Eastern Europe as a result of the Russia-Ukraine conflict, as well as its possible consequences for demand-supply balances, price pressures, import/export, and trade. Furthermore, the paper discusses the worldwide economic consequences of high inflation and describes fiscal measures for monitoring and mitigating its impacts on demand, supply, cash flow, and currency exchange. The worldwide optical measurement equipment market is expected to be valued at USD 5490.5 million in 2022 and USD 7788.4 million by 2028, with a CAGR of 6.0% during the research period. Taking into mind the economic impact of the health issue, coordinate measuring machines (CMMs) account for a percentage of optical measurement equipment.
IMPACT OF ONGOING RECESSION
Upgrades and replacements are on hold. Businesses may postpone or abandon plans to update or replace existing optical measurement equipment. This can have an effect on manufacturers and suppliers that rely on a steady flow of orders to keep their operations functioning. R&D spending has been cut. Many businesses invest in optical measuring technologies for research and development purposes. During a recession, R&D spending may be reduced, resulting in a decrease in demand for advanced optical measurement instruments. Export prospects have been reduced. Economic downturns throughout the world can have an influence on international trade. Export-oriented optical measurement companies may see a decrease in demand from overseas markets, resulting in decreased revenues.
By Offering
Hardware
Camera
Lens and Sensors
Light Sources
Others
Software
Services
After Sales Services
Measurement Services
By Component
Profile Projectors
Autocollimators
Measuring Microscopes
Video Measuring Machines
Optical Digitizers and Scanners
By Vertical
Automotive
Aerospace & Defense
Energy and Power
Electronics Manufacturing
Industrial
Others
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REGIONAL COVERAGE
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
REGIONAL ANALYSES
North America is the market's second-largest for optical measuring systems. Based on the present market environment, North America is predicted to take the largest market share. During the projected period, it is expected to occupy 18.5% of the total market share.
Several factors, including technological improvements in the automotive Vertical, the presence of significant firms in countries such as the United States, and the increased utilization of optical measuring devices in aerospace, are driving market revenue growth in this area.
North America's strong manufacturing industries, such as automotive, aerospace, electronics, and healthcare, fuel demand for optical measuring equipment. The primary drivers of market growth in this area are the United States and Canada.
The major key players are Nikon Corporation, Hexagon AB, Keysight Technologies Inc., R&D Vision, AMETEK, Inc., Olympus Corporation, FARO Technologies Inc., Carl Zeiss AG, Jenoptik AG, Keyence Corporation, and others.
Nikon Corporation-Company Financial Analysis
RECENT DEVELOPMENT
ZEISS: In January 2023, ZEISS announced the acquisition of Lenso, a prominent partner for 3D optical systems in Poland. The acquisition will aid ZEISS's expansion in Poland.
AMETEK, Inc.: In November 2022, AMETEK, Inc. announced the completion of its USD 430 million acquisition of RTDS Technologies, Inc., and Navistar. The acquisition will enable AMETEK to strengthen its position in areas of long-term growth and expand its product range.
| Report Attributes | Details |
| Market Size in 2022 | US$ 4.83 Bn |
| Market Size by 2030 | US$ 7.51 Bn |
| CAGR | CAGR of 4.91% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2019-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Offering (Hardware, Camera, Lens and Sensors, Light Sources, Others, Software, Services, After Sales Services, Measurement Services) • By Component (Profile Projectors, Autocollimators, Measuring Microscopes, Video Measuring Machines, Optical Digitizers and Scanner) • By Vertical (Automotive, Aerospace & Defense, Energy and Power, Electronics Manufacturing, Industrial, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Nikon Corporation, Hexagon AB, Keysight Technologies Inc., R&D Vision, AMETEK, Inc., Olympus Corporation, FARO Technologies Inc., Carl Zeiss AG, Jenoptik AG, and Keyence Corporation |
| Key Drivers | • Increasing Demand for Manufacturing Automation Increasing Focus on Quality Control The region's industries aspire to increase production, efficiency, and quality control. Automation has emerged as a critical tactic. Optical measuring systems are critical in automation because they provide precise and dependable measurement data for a variety of production processes. For dimensional inspection, alignment, surface analysis, and quality assurance, automation demands precise and real-time data. To address these objectives, optical measuring systems have sophisticated capabilities. They acquire and analyze data reliably and quickly using technologies such as laser scanning, machine vision, and photogrammetry. As a result, the growing need for factory automation is a crucial driver of market development. |
| Market Restrain | • Stringent quality standards and regulatory requirements for product quality and safety, particularly in industries such as aerospace, automotive, and healthcare, can push the use of sophisticated optical measuring technology to achieve compliance standards. • Environmental rules Increasing environmental rules may compel businesses to use optical measuring technologies to maximize resource use and reduce waste. |
The Optical Measurement Market is expected to grow at a CAGR of 4.91% from 2023 to 2030.
According to our analysis, the Optical Measurement Market is anticipated to reach USD 7.51 billion By 2030.
Other factors driving market expansion include increased metrological applications, the adoption of improved optical systems, and increased research and development activities conducted by major companies.
The leading participants the Nikon Corporation, Hexagon AB, Keysight Technologies Inc., R&D Vision, and AMETEK, Inc.
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Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Ukraine- Russia War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Optical Measurement Market, By Offering
8.1 Hardware
8.2 Camera
8.3 Lens and Sensors
8.4 Light Sources
8.5 Others
8.6 Software
8.7 Services
8.8 After Sales Services
8.9 Measurement Services
9. Optical Measurement Market, By Component
9.1 Profile Projectors
9.2 Autocollimators
9.3 Measuring Microscopes
9.4 Video Measuring Machines
9.5 Optical Digitizers and Scanners
10. Hybrid Valve Market, By Vertical
10.1 Automotive
10.2 Aerospace & Defense
10.3 Energy and Power
10.4 Electronics Manufacturing
10.5 Industrial
10.6 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Optical Measurement Market by Country
11.2.2North America Optical Measurement Market by Offering
11.2.3 North America Optical Measurement Market by Component
11.2.4 North America Optical Measurement Market by Vertical
11.2.5 USA
11.2.5.1 USA Optical Measurement Market by Offering
11.2.5.2 USA Optical Measurement Market by Component
11.2.5.3 USA Optical Measurement Market by Vertical
11.2.6 Canada
11.2.6.1 Canada Optical Measurement Market by Offering
11.2.6.2 Canada Optical Measurement Market by Component
11.2.6.3 Canada Optical Measurement Market by Vertical
11.2.7 Mexico
11.2.7.1 Mexico Optical Measurement Market by Offering
11.2.7.2 Mexico Optical Measurement Market by Component
11.2.7.3 Mexico Optical Measurement Market by Vertical
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Optical Measurement Market by Country
11.3.1.2 Eastern Europe Optical Measurement Market by Offering
11.3.1.3 Eastern Europe Optical Measurement Market by Component
11.3.1.4 Eastern Europe Optical Measurement Market by Vertical
11.3.1.5 Poland
11.3.1.5.1 Poland Optical Measurement Market by Offering
11.3.1.5.2 Poland Optical Measurement Market by Component
11.3.1.5.3 Poland Optical Measurement Market by Vertical
11.3.1.6 Romania
11.3.1.6.1 Romania Optical Measurement Market by Offering
11.3.1.6.2 Romania Optical Measurement Market by Component
11.3.1.6.4 Romania Optical Measurement Market by Vertical
11.3.1.7 Turkey
11.3.1.7.1 Turkey Optical Measurement Market by Offering
11.3.1.7.2 Turkey Optical Measurement Market by Component
11.3.1.7.3 Turkey Optical Measurement Market by Vertical
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Optical Measurement Market by Offering
11.3.1.8.2 Rest of Eastern Europe Optical Measurement Market by Component
11.3.1.8.3 Rest of Eastern Europe Optical Measurement Market by Vertical
11.3.2 Western Europe
11.3.2.1 Western Europe Optical Measurement Market by Offering
11.3.2.2 Western Europe Optical Measurement Market by Component
11.3.2.3 Western Europe Optical Measurement Market by Vertical
11.3.2.4 Germany
11.3.2.4.1 Germany Optical Measurement Market by Offering
11.3.2.4.2 Germany Optical Measurement Market by Component
11.3.2.4.3 Germany Optical Measurement Market by Vertical
11.3.2.5 France
11.3.2.5.1 France Optical Measurement Market by Offering
11.3.2.5.2 France Optical Measurement Market by Component
11.3.2.5.3 France Optical Measurement Market by Vertical
11.3.2.6 UK
11.3.2.6.1 UK Optical Measurement Market by Offering
11.3.2.6.2 UK Optical Measurement Market by Component
11.3.2.6.3 UK Optical Measurement Market by Vertical
11.3.2.7 Italy
11.3.2.7.1 Italy Optical Measurement Market by Offering
11.3.2.7.2 Italy Optical Measurement Market by Component
11.3.2.7.3 Italy Optical Measurement Market by Vertical
11.3.2.8 Spain
11.3.2.8.1 Spain Optical Measurement Market by Offering
11.3.2.8.2 Spain Optical Measurement Market by Component
11.3.2.8.3 Spain Optical Measurement Market by Vertical
11.3.2.9 Netherlands
11.3.2.9.1 Netherlands Optical Measurement Market by Offering
11.3.2.9.2 Netherlands Optical Measurement Market by Component
11.3.2.9.3 Netherlands Optical Measurement Market by Vertical
11.3.2.10 Switzerland
11.3.2.10.1 Switzerland Optical Measurement Market by Offering
11.3.2.10.2 Switzerland Optical Measurement Market by Component
11.3.2.10.3 Switzerland Optical Measurement Market by Vertical
11.3.2.11.1 Austria
11.3.2.11.2 Austria Optical Measurement Market by Offering
11.3.2.11.3 Austria Optical Measurement Market by Component
11.3.2.11.4 Austria Optical Measurement Market by Vertical
11.3.2.12 Rest of Western Europe
11.3.2.12.1 Rest of Western Europe Optical Measurement Market by Offering
11.3.2.12.2 Rest of Western Europe Optical Measurement Market by Component
11.3.2.12.3 Rest of Western Europe Optical Measurement Market by Vertical
11.4 Asia-Pacific
11.4.1 Asia-Pacific Optical Measurement Market by Country
11.4.2 Asia-Pacific Optical Measurement Market by Offering
11.4.3 Asia-Pacific Optical Measurement Market by Component
11.4.4 Asia-Pacific Optical Measurement Market by Vertical
11.4.5 China
11.4.5.1 China Optical Measurement Market by Offering
11.4.5.2 China Optical Measurement Market by Component
11.4.5.3 China Optical Measurement Market Vertical
11.4.6 India
11.4.6.1 India Optical Measurement Market by Offering
11.4.6.2 India Optical Measurement Market by Component
11.4.6.3 India Optical Measurement Market by Vertical
11.4.7 Japan
11.4.7.1 Japan Optical Measurement Market by Offering
11.4.7.2 Japan Optical Measurement Market by Component
11.4.7.3 Japan Optical Measurement Market by Vertical
11.4.8 South Korea
11.4.8.1 South Korea Optical Measurement Market by Offering
11.4.8.2 South Korea Optical Measurement Market by Component
11.4.8.3 South Korea Optical Measurement Market by Vertical
11.4.9 Vietnam
11.4.9.1 Vietnam Optical Measurement Market by Offering
11.4.9.2 Vietnam Optical Measurement Market by Component
11.4.9.3 Vietnam Optical Measurement Market by Vertical
11.4.10 Singapore
11.4.10.1 Singapore Optical Measurement Market by Offering
11.4.10.2 Singapore Optical Measurement Market by Component
11.4.10.3 Singapore Optical Measurement Market by Vertical
11.4.11 Australia
11.4.11.1 Australia Optical Measurement Market by Offering
11.4.11.2 Australia Optical Measurement Market by Component
11.4.11.3 Australia Optical Measurement Market by Vertical
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Optical Measurement Market by Offering
11.4.12.2 Rest of Asia-Pacific Optical Measurement Market by Component
11.4.12.3 Rest of Asia-Pacific Optical Measurement Market by Vertical
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Optical Measurement Market by Country
11.5.1.2 Middle East Optical Measurement Market by Offering
11.5.1.3 Middle East Optical Measurement Market by Component
11.5.1.4 Middle East Optical Measurement Market by Vertical
11.5.1.5 UAE
11.5.1.5.1 UAE Optical Measurement Market by Offering
11.5.1.5.2 UAE Optical Measurement Market by Component
11.5.1.5.3 UAE Optical Measurement Market by Vertical
11.5.1.6 Egypt
11.5.1.6.1 Egypt Optical Measurement Market by Offering
11.5.1.6.2 Egypt Optical Measurement Market by Component
11.5.1.6.3 Egypt Optical Measurement Market by Vertical
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Optical Measurement Market by Offering
11.5.1.7.2 Saudi Arabia Optical Measurement Market by Component
11.5.1.7.3 Saudi Arabia Optical Measurement Market by Vertical
11.5.1.8 Qatar
11.5.1.8.1 Qatar Optical Measurement Market by Offering
11.5.1.8.2 Qatar Optical Measurement Market by Component
11.5.1.8.3 Qatar Optical Measurement Market by Vertical
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Optical Measurement Market by Offering
11.5.1.9.2 Rest of Middle East Optical Measurement Market by Component
11.5.1.9.3 Rest of Middle East Optical Measurement Market by Vertical
11.5.2 Africa
11.5.2.1 Africa Optical Measurement Market by Country
11.5.2.2 Africa Optical Measurement Market by Offering
11.5.2.3 Africa Optical Measurement Market by Component
11.5.2.4 Africa Optical Measurement Market by Vertical
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Optical Measurement Market by Offering
11.5.2.5.2 Nigeria Optical Measurement Market by Component
11.5.2.5.3 Nigeria Optical Measurement Market by Vertical
11.5.2.6 South Africa
11.5.2.6.1 South Africa Optical Measurement Market by Offering
11.5.2.6.2 South Africa Optical Measurement Market by Component
11.5.2.6.3 South Africa Optical Measurement Market by Vertical
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Optical Measurement Market by Offering
11.5.2.7.2 Rest of Africa Optical Measurement Market by Component
11.5.2.7.3 Rest of Africa Optical Measurement Market by Vertical
11.6 Latin America
11.6.1 Latin America Optical Measurement Market by Country
11.6.2 Latin America Optical Measurement Market by Offering
11.6.3 Latin America Optical Measurement Market by Component
11.6.4 Latin America Optical Measurement Market by Vertical
11.6.5 Brazil
11.6.5.1 Brazil Optical Measurement Market by Offering
11.6.5.2 Brazil Optical Measurement Market by Component
11.6.5.3 Brazil Optical Measurement Market by Vertical
11.6.6 Argentina
11.6.6.1 Argentina Optical Measurement Market by Offering
11.6.6.2 Argentina Optical Measurement Market by Component
11.6.6.3 Argentina Optical Measurement Market by Vertical
11.6.7 Colombia
11.6.7.1 Colombia Optical Measurement Market by Offering
11.6.7.2 Colombia Optical Measurement Market by Component
11.6.7.3 Colombia Optical Measurement Market by Vertical
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Optical Measurement Market by Offering
11.6.8.2 Rest of Latin America Optical Measurement Market by Component
11.6.8.3 Rest of Latin America Optical Measurement Market by Vertical
12. Company profile
12.1 Nikon Corporation
12.1.1 Company Overview
12.1.2 Financials
12.1.3 Offering/Services/Offerings
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Hexagon AB
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Offering/Services/Offerings
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Keysight Technologies Inc.
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Offering/Services/Offerings
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 R&D Vision
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Offering/Services/Offerings
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 AMETEK, Inc.
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Offering/Services/Offerings
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Olympus Corporation
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Offering/Services/Offerings
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 FARO Technologies Inc.
12.7.2 Financials
12.7.3 Offering/Services/Offerings
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Carl Zeiss AG
12.7.1 Company Overview
12.8.1 Company Overview
12.8.2 Financials
12.8.3 Offering/Services/Offerings
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Jenoptik AG
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Offering/Services/Offerings
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Keyence Corporation
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Offering/Services/Offerings
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Vertical News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
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