automated optical metrology market Report Overview
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The global automated optical metrology market size was USD 1067.47 million in 2021 and is expected to reach USD 1638.19 million by 2027, at CAGR of 7.4% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the automated optical metrology market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
AOI systems typically consist of a camera, a light source, and a computer. The camera captures images of the object being measured, and the computer analyzes the images to determine the dimensions, shape, and surface features of the object.
AOI systems can be used to measure a wide variety of objects, including parts, components, and assemblies. They can also be used to measure objects in a variety of environments, including cleanrooms and harsh environments. AOI systems offer a number of advantages over traditional manual measurement methods. They are faster, more accurate, and more repeatable. They also require less operator training.
COVID-19 Impact: Pandemic Decreased the Market Demand
The COVID-19 pandemic has had a significant impact on the automated optical metrology market share. The COVID-19 pandemic has disrupted supply chains around the world, which has made it difficult for companies to obtain the components and materials they need to manufacture automated optical metrology systems. This has led to delays in the delivery of systems and increased costs. The COVID-19 pandemic has also led to production slowdowns in many industries, which has reduced the demand for automated optical metrology systems. This is because companies are producing fewer products, which means they need fewer metrology systems to inspect them. The automotive and aerospace industries are two key industries that use automated optical metrology systems. These industries have been particularly hard hit by the COVID-19 pandemic, as they have seen a decline in demand for their products. This has led to a decline in the demand for automated optical metrology systems from these industries. In addition to these factors, the COVID-19 pandemic has also created new challenges for the market. For example, the pandemic has made it more difficult for companies to train their employees on how to use these systems. Additionally, the pandemic has increased the demand for it systems that can be used to disinfect and clean products.
Latest Trends
"Growing Adoption of 3D Metrology is expected to Fuel the Growth in the Market"
3D metrology is becoming increasingly necessary for the manufacturing of complex products: Many products today are becoming increasingly complex, with features that are difficult to measure with traditional 2D metrology techniques. 3D metrology can be used to measure these complex features accurately and precisely, which is essential for ensuring the quality of the products. It is becoming more affordable and accessible. Technological advancements have made 3D metrology systems more affordable and accessible. This is making them more widely adopted by businesses of all sizes. It is becoming more automated. It systems can be used to automate the measurement process, which can save time and money. This is making them more attractive to businesses that are looking to improve their efficiency.
automated optical metrology market Segmentation
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- By Grade Analysis
According to type, the market can be segmented into Laser Scanners, Coordinate Measuring Machines, Video Measuring Machines.
- By Application Analysis
Based on age, the market can be divided into Medical, Automotive, Industrial, Energy & Power, Aerospace & Defense, Consumer Electronics and Others.
Driving Factors
"Increasing Demand for Quality Control to Foster the Market Growth"
The increasing complexity of products: Products are becoming increasingly complex, with features that are difficult to measure with traditional methods. Automated optical metrology systems can provide accurate and precise measurements of these complex features. The increasing number of regulations are governing product quality. Governments and industry bodies are increasingly imposing regulations governing product quality. It can help companies to comply with these regulations. The increasing importance of customer satisfaction is also a factor. Customers are becoming more demanding and are expecting higher quality products. It can help companies to produce products that meet the expectations of their customers.
"Growing Need for Automation to Result in the Expansion of the Market"
Labor costs are increasing in many parts of the world. It can help companies to reduce labor costs by automating their measurement processes. Customers are increasingly demanding customized products. It can help companies to produce customized products efficiently. Manufacturing processes are becoming increasingly complex. It can help companies to manage the complexity of these processes. Technological advancements in optical metrology systems are also driving the growth of the market. These advancements are making optical metrology systems more affordable, more accurate, and more versatile. This is making them more accessible to a wider range of businesses and applications.
Restraining Factor
"Complex Installation and Operation to Hamper the Market Growth."
It can be complex to install and operate, which can be a barrier to adoption for some businesses. It can be large and complex, which can make them difficult to install and operate. This is especially true for businesses that do not have a lot of experience with metrology systems.
automated optical metrology market Regional Insights
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"Asia Pacific to Lead the Market Owing to the Growth of the Manufacturing Sector"
The Asia Pacific region has shown the highest automated optical metrology market growth. The manufacturing sector is a major user of automated optical metrology systems. The growth of this sector in the Asia-Pacific region is driving the demand for these systems. The automotive and electronics industries are major users of automated optical metrology systems. The presence of these industries in the Asia-Pacific region is driving the demand for these systems.
Key Industry Players
"Key Players Are Employing Advanced Technologies In Order To Stimulate Further Growth Of The Market"
All the major players are motivated to offer superior and more advanced services in order to gain a competitive edge in the market. To increase their market presence, vendors are using a variety of techniques, including product launches, regional growth, strategic alliances, partnerships, mergers, and acquisitions.
List of Market Players Profiled
- Optical Gaging Products Inc. (U.S.)
- Carl Zeiss Optotechnik GmbH (Germany)
- Steinbichler Optotechnik GmbH (Germany)
- Hexagon AB (Sweden)
- Nikon Metrology Inc. (Japan)
- Optical Metrological Services Ltd (U.K.)
- ASML Holding NV (Netherlands)
- MueTec (Germany)
- KLA Tencor Corporation (U.S.)
Report Coverage
This report examines an understanding of the automated optical metrology market ’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.
Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.
This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macro-economic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 1067.47 Million in 2021 |
Market Size Value By |
US$ 1638.19 Million by 2027 |
Growth Rate |
CAGR of 7.4% from 2021 to 2027 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the automated optical metrology market expected to touch by 2027?
The automated optical metrology market is expected to touch USD 1638.19 million by 2027.
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What CAGR is the automated optical metrology market expected to exhibit during 2022-2027?
The automated optical metrology market is expected to exhibit a CAGR of 7.4% over 2022-2027.
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Which are the driving factors of the automated optical metrology market?
The driving factors of the automated optical metrology market increasing demand for quality control and growing need for automation.
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Which are the top companies operating in the automated optical metrology market?
The top companies operating in the automated optical metrology market are Optical Gaging Products Inc., Carl Zeiss Optotechnik GmbH, Steinbichler Optotechnik GmbH, Hexagon AB, Nikon Metrology Inc., Optical Metrological Services Ltd, ASML Holding NV, MueTec, KLA Tencor Corporation