3D Optical Profiler Market Report Overview
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The global 3D optical profiler market size was USD 116.8 million in 2021 and is projected to touch USD 197.53 million by 2031, exhibiting a CAGR of 5.4% during the forecast period.
A 3D optical profiler is a type of microscope. It is a light from a lamp that is split by a beam splitter into two paths. The material is commonly used for a special form of height variations. It is a fast, non-destructive, and contract or non-contract surface metrology technique. This optical fiber measures the thickness and profiles of layers on a substrate for quality check during manufacturing.
Increasing demand from automotive sector is estimated to accelerate market growth. Growing need for advance electronic applications is projected to drive market growth. Rising demand for strong metrology in science study is predicted to fuel market expansion. Increasing investment by major market players is anticipated to accelerate market growth. Growing need for the material in aircraft and solar panels sector is expected to fuel 3D optical profiler market development. Rapid industrialization and urbanization are projected to drive market progress during the forecast period. Growing need for aerospace and automotive products with high preciousness requirements is anticipated to accelerate market growth. Rising focus on quality control in manufacturing sectors is estimated to surge market growth during the forecast period.
COVID-19 Impact: Travel and Lockdown Restrictions to Affect Product Supply
The global COVID-19 pandemic has been unprecedented and staggering, with 3D optical profiler experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.
An outbreak of COVID-19 pandemic negatively impacted market growth for a short period of time. Lockdown restrictions and travel restrictions affected the product supply. The market witnessed supply chain disruptions. Manufacturing and production units were closed, which declined the demand for the product. Lack of raw materials halted import and export activities. Shutdown of end-user industries such as automotive, aircraft, and electronic industries globally hampered market growth during the pandemic.
LATEST TRENDS
"Growing Demand for Advanced Technology to Foster Market Expansion "
Increasing demand for advanced technology globally is predicted to surge market progress. Large number of manufactures are focused to develop advanced Technology is estimated to propel product adoption. Increasing need for accurate results is anticipated to accelerate market growth. The material is cost-effective and has a high economy of scale production capacity is projected to drive 3D optical profiler market development. Growing research and development (R&D) activities in developing the latest advanced Technology are estimated to fuel product demand. Growing need for testing equipment in end-user industries is expected to propel market growth during the forecast period.
3D Optical Profiler Market Segmentation
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- By Type
Based on type, the market is divided into desktop 3D optical profiler and portable 3D optical profiler.
Desktop 3D optical profiler is expected to be the leading part of segmentation type.
- By Application
Based on the application, the market is divided into electronic & semiconductor, micromechanical industry, automotive & aerospace, life science, and others.
Automotive & aerospace are expected to be the leading part of application segmentation.
DRIVING FACTORS
"Increasing Adoption in Manufacturing and Development to Accelerate Market Progress "
Optical fiber is used for error measurement and height variations in several end-user industries. Increasing demand to check surface roughness is predicted to surge market growth. Growing demand from automation industry is projected to drive market growth. Increasing trends such as the internet of things (loT) in automation industry are estimated to accelerate market growth. The material has contact, or non-contact surface metrology technique is predicted to fuel product adoption. Increasing demand for scientific study is anticipated to accelerate market growth. The material helps to measure by using a high-resolution camera, which is projected to drive product adoption. Increasing demand for inspection in a medical device is anticipated to accelerate market growth during the forecast period. Increasing industrialization and urbanization are predicted to surge market growth.
"Growth in Automobile Sector to Incite Market Expansion "
Increasing demand from automobile sector is estimated to accelerate market growth. The product is used to check minute deviations in automobile body parts and panels. It helps to optimize quality and reduce cost. Such material advantages in the automobile sector are expected to surge market growth. The product ensures high accuracy, repeatability when measuring flatness, elevation differences between two points, and waviness. Such benefits associated with the product is anticipated to accelerate market growth. Increasing need to reduce human innervations for checking surfaces of metal components is predicted to accelerate3D optical profiler market growth. The materials help in the inspection process faster, which is projected to drive market growth during the forecast period.
"Increasing Demand from Aerospace Sector to Stimulate Market Growth "
Growing demand for optical fibers in aerospace sector is estimated to surge market growth. Increasing demand to maintain accuracy in aerospace sector is projected to drive market growth. Increasing demand from aerospace engineers is estimated to accelerate market growth. Growing need to check geometrical shapes is projected to drive boost product adoption. Growing need to check surface deviations in the sector is predicted to surge market growth during the forecast period.
RESTRAINING FACTORS
"Lack of Raw Materials and Fluctuation of Prices to Hinder Market Development "
Lack of raw materials associated with product is estimated to reduce market expansion. Fluctuation of prices is expected to hinder market growth during the forecast period.
3D Optical Profiler Market Regional Insights
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"Rapid Industrialization and Urbanization in Asia Pacific to Drive Market Share "
Asia Pacific is expected to account largest 3D optical profiler market share due to rapid industrialization and urbanization. Presence of automotive sector and growing demand from automotive sector is estimated to accelerate market growth. Rapid growth and technological developments in the aerospace sector are estimated to accelerate market growth. Rising focus on quality control in manufacturing sectors is estimated to surge market expansion. High demand for the product in the healthcare and other mechanical sectors is expected to boost product demand during the forecast period.
North America is estimated to show considerable market growth due to increasing demand for quality control in production processes. Increasing investment by major market players in the region is anticipated to accelerate market growth. Growing need for high precisions such as solar panels and aircraft parts is estimated to fuel 3D optical profiler market expansion during the forecast period.
KEY INDUSTRY PLAYERS
"Leading Players Adopt Strategies to Stay Competitive"
The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.
List of Market Players Profiled
- Zygo (U.S.)
- Sensofar (Spain)
- KLA-Tencor (U.S)
- Bruker Nano Surfaces (U.S.)
- Taylor Hobson (U.K.)
- Alicona (Austria)
- 4D Technology
- Cyber Technologies
- Nanovea (U.S.)
- Mahr (Germany)
- Zeta Instruments (U.S.)
- AEP Technology (U.S.)
- FRT
REPORT COVERAGE
This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 116.8 Million in 2021 |
Market Size Value By |
US$ 197.53 Million by 2031 |
Growth Rate |
CAGR of 5.4% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type & Application |
Frequently Asked Questions
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What value is the 3D optical profiler market expected to touch by 2031?
The global 3D optical profiler market is expected to reach USD 197.53 million by 2031.
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What CAGR is the 3D optical profiler market expected to exhibit by 2031?
The 3D optical profiler market is expected to exhibit a CAGR of 5.4% by 2031.
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Which are the driving factors of the 3D optical profiler market?
Drivers of this 3D optical profiler market are increasing adoption in manufacturing and development, growth in automobile sector, and increasing demand from aerospace sector.
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Which are the top companies operating in the 3D optical profiler market?
Zygo, Sensofar, KLA-Tencor, Bruker Nano Surfaces, Taylor Hobson, Alicona, 4D Technology, Cyber Technologies, Nanovea, Mahr, FRT, Zeta Instruments, and AEP Technology are the top companies operating in the 3D optical profiler market.