Optical Measurement Market by Offerings (Hardware, Software, and Services), Equipment (Autocollimator, Measuring Microscope, Profile Projector, ODS, CMM, and VMM), Vertical (Industrial, Automotive), and Geography - Global Forecast to 2023
Updated on : October 16 , 2023
The optical measurement market was valued at USD 3.39 Billion in 2017 and is expected to reach USD 5.14 Billion by 2023, at a CAGR of 6.87% during the forecast period. Growing demand for 3D metrology services, increasing adoption of advanced optical measurement solutions, and increasing in R&D spending are driving the growth of the optical measurement market. For this study, the base year considered is 2017, and the market forecast is provided for 2018–2023.
This report provides a detailed analysis of the optical measurement market segmented based on offering, equipment, vertical, and geography (North America, Europe, APAC, and RoW). The report provides detailed information regarding major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market. The report also profiles key players and comprehensively analyzes their market ranking and core competencies, along with details of competitive landscape of market leaders.
To estimate the size of the optical measurement market, top-down and bottom-up approaches have been used. This research study involves an extensive use of secondary sources, directories, and paid databases—such as Factiva and OneSource to identify and collect information useful to study the technical, market-oriented, and commercial aspects of the optical measurement market.
The research methodology is explained below.
- The entire research methodology includes the study of annual and financial reports of top players, presentations, press releases, journals, paid databases, and interviews with industry experts.
- The high-growth segments have been identified to analyze opportunities in the overall optical measurement market.
- Competitive developments such as partnerships, agreements, mergers and acquisitions, product launches, and research and development (R&D) in the overall optical measurement market have been analyzed.
- All the percentage splits and breakdowns of the market segments have been analyzed based on secondary and primary research.
The following figure depicts the breakdown of primaries by company type, designation, and region.
To know about the assumptions considered for the study, download the pdf brochure
Market Ecosystem:
This report provides valuable insights regarding the ecosystem of the optical measurement market. This includes optical measurement manufacturers such as Hexagon (Sweden), Faro Technologies (US), Jenoptik (Germany), Keyence (Japan), Mitutoyo (Japan), Nikon (Japan), Vision Engineering (UK), Zygo Corporation (US), GOM (Germany), and Carl Zeiss (Germany).
Target Audience:
- Original technology designers and suppliers
- Electronic hardware equipment manufacturers
- Market research and consulting firms
- Optical measurement system manufacturers
- Software service providers
- Original equipment manufacturers (OEMs)
- ODM and OEM technology solution providers
- Associations, organizations, forums, and alliances related to optical measuring industry
- Technology investors
- Governments and financial institutions
- Venture capitalists, private equity firms, and start-up companies
- Distributors
- End users
“The study answers several questions of the target audience with regard to the market segments to focus on in the next 2–5 years to prioritize efforts and investments.”
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:
This research report categorizes the overall optical measurement market as follows:
By Offering
-
Hardware
- Cameras
- Lenses and Sensors
- Light Sources
- Others (Microcontrollers, Data Processing Units, Frame Grabbers, and Mounting Accessories)
- Software
-
Services
- After-Sales Services
- Measurement Services
By Equipment
- Autocollimators
- Measuring Microscopes
- Profile Projectors
-
Optical Digitizers and Scanners (ODSs)
- 3D Laser Scanners
- Structured Light Scanners
- Laser Trackers
- Coordinate Measuring Machines (CMMs)
- Video Measuring Machines (VMMs)
By Vertical
- Automotive
- Aerospace & Defense
- Energy and Power
- Electronics Manufacturing
- Industrial
- Medical
- Others (Chemical & Material, Food and Agriculture, Rubber, Textile, Plastic, and Educational)
Geographic Analysis
-
North America
- US
- Canada
- Mexico
-
Europe
- Germany
- France
- UK
- Rest of Europe (Greece, Spain, Italy, Russia, Finland, Denmark, and Sweden)
-
Asia Pacific (APAC)
- China
- Japan
- India
- South Korea
- Rest of APAC (Australia, New Zealand, Singapore, Hong Kong, Indonesia, and Taiwan)
-
Rest of the World (RoW)
- Middle East and Africa
- South America
Available Customizations:
Along with the market data, MarketsandMarkets offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
Detailed analysis and profiling of additional market players (up to 5)
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The optical measurement market is expected to reach USD 5.14 Billion by 2023 from USD 3.68 Billion in 2018, at a CAGR of 6.87% between 2018 and 2023. Factors such as the growing demand for 3D metrology services, adoption of advanced optical measurement solutions, and increasing in R&D spending are driving the growth of the optical measurement market.
The optical measurement market has been segmented based on equipment, such as autocollimators, measuring microscopes, profile projectors, coordinate measuring machines (CMMs), optical digitizers and scanners (ODSs), and video measuring machines (VMMs). CMM held the largest market share, and this trend is expected to continue till 2023. Owing to the ability of CMM to easily measure large objects because of its inherent structure, CMM has a higher demand than bridge and cantilever in industries. This will boost the demand for CMMs in the optical measurement market.
In 2017, automotive vertical accounted for the largest share of the optical measurement market. Optical measuring systems are required in the automotive industry for inspection, measurement, and quality checking of various components. The automotive industry has been increasingly using optical measurement solutions for improving safety and comfort level in vehicles. These factors contributed to the increased adoption of optical measurement in automotive vertical.
The optical measurement market in APAC is expected to grow at the highest CAGR. The wide-scale adoption of optical measurement technologies for industrial applications is the key factor supporting the growth of the market in this region. The increasing adoption of precision measurement advanced technology by manufacturers with a focus on accuracy and reliability of manufactured products is further expected to propel the growth of the optical measurement market in this region.
Key factor restraining the growth of the optical measurement market is high price of measurement solutions. Hexagon (Sweden), Faro Technologies (US), Jenoptik (Germany), Keyence (Japan), Mitutoyo (Japan), Nikon (Japan), Vision Engineering (UK), Zygo Corporation (US), GOM (Germany), and Carl Zeiss (Germany) are the key players in the optical measurement market.
Hexagon is among the leading providers of information technologies that boost productivity and quality in geospatial and industrial enterprise applications worldwide. Hexagon Manufacturing Intelligence, a part of Hexagon AB (Sweden), is a global provider in the market for measurement and industrial metrology solutions. In addition, it strengthens its market presence by acquiring companies related to manufacturing hardware and software solutions. Also, the company intends to grow organically through broadening its product portfolio by adopting strategies such as product innovations and developments.
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Table of Contents
1 Introduction (Page No. - 14)
1.1 Study Objectives
1.2 Definition
1.3 Study Scope
1.3.1 Geographic Scope
1.3.2 Years Considered for Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology (Page No. - 18)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 List of Major Secondary Sources
2.1.1.2 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Interviews With Experts
2.1.2.2 Key Data From Primary Sources
2.1.2.3 Key Industry Insights
2.1.2.4 Breakdown of Primaries
2.1.3 Secondary and Primary Research
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Capturing Market Share By Bottom-Up Analysis (Demand-Side)
2.2.2 Top-Down Approach
2.2.2.1 Approach for Capturing Market Share By Top-Down Analysis (Supply-Side)
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
3 Executive Summary (Page No. - 28)
4 Premium Insights (Page No. - 33)
4.1 Attractive Growth Opportunities in the Optical Measurement Market
4.2 Optical Measurement Market, By Offering
4.3 Optical Measurement Market, By Industry
4.4 Optical Measurement Market: Automotive and Aerospace & Defense Industries (2018)
4.5 Optical Measurement Market, By Country
5 Market Overview (Page No. - 37)
5.1 Introduction
5.1.1 Drivers
5.1.1.1 Growing Demand for 3D Metrology Services
5.1.1.2 Adoption of Advanced Optical Measurement Solutions
5.1.1.3 Increase in R&D Spending
5.1.2 Restraints
5.1.2.1 Price Sensitivity Associated With Optical Measurement Solutions
5.1.3 Opportunities
5.1.3.1 Growing Demand for Industry 4.0
5.1.3.2 Growing Manufacturing Industries in Developing Countries
5.1.4 Challenges
5.1.4.1 Increase in Rental and Leasing Services
5.2 Value Chain Analysis
6 Optical Measurement Market, By Offering (Page No. - 43)
6.1 Introduction
6.2 Hardware
6.2.1 Cameras
6.2.2 Lenses and Sensors
6.2.3 Light Sources
6.2.4 Processors
6.2.5 Others
6.3 Software
6.4 Services
6.4.1 Measurement Services
6.4.2 After-Sales Services
7 Optical Measurement Market, By Equipment (Page No. - 51)
7.1 Introduction
7.2 Autocollimators
7.3 Measuring Microscopes
7.4 Profile Projectors
7.5 Optical Digitizers and Scanners
7.5.1 3D Laser Scanners
7.5.2 Structured Light Scanners
7.5.3 Laser Trackers
7.6 Coordinate Measuring Machines
7.7 Video Measuring Machines
8 Optical Measurement Market, By Vertical (Page No. - 65)
8.1 Introduction
8.2 Automotive
8.3 Aerospace & Defense
8.4 Industrial
8.5 Energy and Power
8.6 Electronics Manufacturing
8.7 Medical
8.8 Others
9 Geographic Analysis (Page No. - 78)
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 UK
9.3.2 Germany
9.3.3 France
9.3.4 Rest of Europe
9.4 APAC
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 South Korea
9.4.5 Rest of APAC
9.5 RoW
9.5.1 Middle East and Africa
9.5.2 South America
10 Competitive Landscape (Page No. - 102)
10.1 Introduction
10.2 Market Ranking Analysis
10.3 Competitive Scenario
10.4 Competitive Situations and Trends
10.4.1 Product Launches
10.4.2 Partnerships and Agreements
10.4.3 Acquisitions and Collaborations
10.4.4 Expansions
11 Company Profiles (Page No. - 110)
11.1 Introduction
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
11.2 Key Players
11.2.1 Hexagon AB
11.2.2 Jenoptik AG
11.2.3 Faro Technologies
11.2.4 Nikon
11.2.5 Carl Zeiss
11.2.6 Keyence Corporation
11.2.7 Mitutoyo Corporation
11.2.8 Vision Engineering
11.2.9 GOM
11.2.10 Zygo Corporation
11.2.11 Carmar Accuracy
11.3 Other Companies
11.3.1 Quality Vision International Inc.(QVI)
11.3.2 Olympus Corporation
11.3.3 Bowers Group
11.3.4 Easydur Italiana
11.3.5 Micro-Vu Corporation
11.4 Key Innovators
11.4.1 Dongguan Yihui Optoelectronics Technology
11.4.2 Trioptics GmbH
11.4.3 QS Metrology Private Limited
11.4.4 Accurex Measurement
11.4.5 Alicona Imaging GmbH
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.
12 Appendix (Page No. - 147)
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.4 Introducing RT: Real-Time Market Intelligence
12.5 Available Customizations
12.6 Related Reports
12.7 Author Details
List of Tables (65 Tables)
Table 1 Optical Measurement Market, By Offering, 2015–2023 (USD Million)
Table 2 Market, By Hardware, 2015–2023 (USD Million)
Table 3 Optical Measurement Market for Hardware, By Equipment, 2015–2023 (USD Million)
Table 4 Market for Software, By Equipment, 2015–2023 (USD Million)
Table 5 Market for Services, By Type, 2015–2023 (USD Million)
Table 6 Optical Measurement Market for Services, By Equipment, 2015–2023 (USD Million)
Table 7 Market, By Equipment, 2015–2023 (USD Million)
Table 8 Market, By Equipment, 2015–2023 (Thousand Units)
Table 9 Market for Autocollimators, By Offering, 2015–2023 (USD Million)
Table 10 Market for Autocollimators, By Vertical, 2015–2023 (USD Million)
Table 11 Market for Measuring Microscopes, By Offering, 2015–2023 (USD Million)
Table 12 Market for Measuring Microscopes, By Vertical, 2015–2023 (USD Million)
Table 13 Market for Profile Projectors, By Offering, 2015–2023 (USD Million)
Table 14 Market for Profile Projectors, By Vertical, 2015–2023 (USD Million)
Table 15 Optical Measurement Market for ODS, By Type, 2015–2023 (USD Million)
Table 16 Market for ODS, By Type, 2015–2023 (Units)
Table 17 Market for ODS, By Offering, 2015–2023 (USD Million)
Table 18 Market for ODS, By Vertical, 2015–2023 (USD Million)
Table 19 Market for CMM, By Offering, 2015–2023 (USD Million)
Table 20 Market for CMM, By Vertical, 2015–2023 (USD Million)
Table 21 Market for VMM, By Offering, 2015–2023 (USD Million)
Table 22 Market for VMM, By Vertical, 2015–2023 (USD Million)
Table 23 Market, By Vertical, 2015–2023 (USD Million)
Table 24 Market for Automotive, By Equipment, 2015–2023 (USD Million)
Table 25 Market for Automotive Vertical, By Region, 2015–2023 (USD Million)
Table 26 Market for Aerospace & Defense Vertical, By Equipment, 2015–2023 (USD Million)
Table 27 Market for Aerospace & Defense Vertical, By Region, 2015–2023 (USD Million)
Table 28 Market for Industrial Vertical, By Equipment, 2015–2023 (USD Million)
Table 29 Market for Industrial Vertical, By Region, 2015–2023 (USD Million)
Table 30 Optical Measurement Market for Energy and Power Vertical, By Equipment, 2015–2023 (USD Million)
Table 31 Market for Energy and Power Vertical, By Region, 2015–2023 (USD Million)
Table 32 Market for Electronics Manufacturing Vertical, By Equipment, 2015–2023 (USD Million)
Table 33 Optical Measurement Market for Electronics Manufacturing Vertical, By Region, 2015–2023 (USD Million)
Table 34 Market for Medical Vertical, By Equipment, 2015–2023 (USD Million)
Table 35 Market for Medical Vertical, By Region, 2015–2023 (USD Million)
Table 36 Market for Other Verticals, By Equipment, 2015–2023 (USD Million)
Table 37 Market for Other Verticals, By Region, 2015–2023 (USD Million)
Table 38 Market, By Region, 2015–2023 (USD Million)
Table 39 Market in North America, By Vertical, 2015–2023 (USD Million)
Table 40 Optical Measurement Market in North America, By Country, 2015–2023 (USD Million)
Table 41 Market in the Us, By Vertical, 2015–2023 (USD Million)
Table 42 Market in Canada, By Vertical, 2015–2023 (USD Million)
Table 43 Market in Mexico, By Vertical, 2015–2023 (USD Million)
Table 44 Market in Europe, By Vertical, 2015–2023 (USD Million)
Table 45 Optical Measurement Market in Europe, By Country, 2015–2023 (USD Million)
Table 46 Market in the Uk, By Vertical, 2015–2023 (USD Million)
Table 47 Market in Germany, By Vertical, 2015–2023 (USD Million)
Table 48 Market in France, By Vertical, 2015–2023 (USD Million)
Table 49 Market in Rest of Europe, By Vertical, 2015–2023 (USD Million)
Table 50 Market in APAC, By Vertical, 2015–2023 (USD Million)
Table 51 Market in APAC, By Country, 2015–2023 (USD Million)
Table 52 Market in China, By Vertical, 2015–2023 (USD Million)
Table 53 Market in Japan, By Vertical, 2015–2023 (USD Million)
Table 54 Market in India, By Vertical, 2015–2023 (USD Million)
Table 55 Optical Measurement Market in South Korea, By Vertical, 2015–2023 (USD Million)
Table 56 Market in Rest of APAC, By Vertical, 2015–2023 (USD Million)
Table 57 Market in RoW, By Vertical, 2015–2023 (USD Million)
Table 58 Market in RoW, By Region, 2015–2023 (USD Million)
Table 59 Optical Measurement Market in the Middle East and Africa, By Vertical, 2015–2023 (USD Million)
Table 60 Market in South America, By Vertical, 2015–2023 (USD Million)
Table 61 Ranking of Top 5 Players in Market
Table 62 Product Launches and Developments, 2015–2017
Table 63 Partnerships and Agreements, 2015–2017
Table 64 Acquisitions and Collaborations, 2015–2017
Table 65 Expansions, 2015–2017
List of Figures (40 Figures)
Figure 1 Optical Measurement Market Segmentation
Figure 2 Optical Measurement Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Assumptions for Research Study
Figure 6 Market, 2015–2023 (USD Billion)
Figure 7 Optical Measurement Market, By Offering (2018 vs 2023)
Figure 8 Coordinate Measuring Machine Expected to Lead Market From 2018 to 2023
Figure 9 Market for Industrial Segment Expected to Grow at Highest CAGR Between 2018 and 2023
Figure 10 Optical Measurement Market in APAC Expected to Grow at Highest CAGR During Forecast Period
Figure 11 Increasing Demand for 3D Metrology Services Anticipated to Drive Growth of Market
Figure 12 Market for Software Expected to Grow at Highest CAGR Between 2018 and 2023
Figure 13 CMM Expected to Hold Largest Share of Market By 2023
Figure 14 Aerospace & Defense Industry Expected to Hold Largest Share of Market in North America in 2018
Figure 15 Market for Automotive and Aerospace & Defense Industries in APAC Expected to Grow at Largest Share During Forecast Period
Figure 16 Market in China Expected to Grow at Highest CAGR Between 2018 and 2023
Figure 17 Demand for 3D Metrology Services and Increase in R&D Spending Driving Growth of Optical Measurement Market
Figure 18 Value Chain Analysis (2017): Major Value Added By Component Suppliers and Original Equipment Manufacturers
Figure 19 Optical Measurement Market for Software Expected to Grow at the Highest CAGR Between 2018 and 2023
Figure 20 Measurement Services Expected to Dominate Market for Services During Forecast Period
Figure 21 Market for VMM Expected to Grow at Highest CAGR Between 2018 and 2023
Figure 22 3D Laser Scanners Expected to Dominate Market for ODS Between 2018 and 2023
Figure 23 VMM Market for Software Segment Expected to Grow at Highest CAGR Between 2018 and 2023
Figure 24 Market for Industrial Vertical Expected to Grow at Highest CAGR Between 2018 and 2023
Figure 25 Market for Energy and Power Vertical in APAC to Grow at Highest CAGR Between 2018 and 2023
Figure 26 Optical Measurement Market for Healthcare Vertical in APAC Expected to Grow at Highest CAGR Between 2018 and 2023
Figure 27 Geographic Snapshot: Market in APAC Expected to Witness Highest Growth Between 2018 and 2023
Figure 28 Optical Measurement Market in China Projected to Grow at Highest CAGR Between 2018 and 2023
Figure 29 North America: Snapshot of Market
Figure 30 Europe: Snapshot of Optical Measurement Market
Figure 31 APAC: Snapshot of Market
Figure 32 Companies Adopted Product Launches as Key Growth Strategy Between 2015 and 2017
Figure 33 Market Evaluation Framework
Figure 34 Geographic Revenue Mix of Leading Players
Figure 35 Hexagon : Company Snapshot
Figure 36 Jenoptik : Company Snapshot
Figure 37 Faro Technologies: Company Snapshot
Figure 38 Nikon: Company Snapshot
Figure 39 Carl Zeiss: Company Snapshot
Figure 40 Keyence Corporation: Company Snapshot
Growth opportunities and latent adjacency in Optical Measurement Market
Interested in reports related to various measurement technologies. Mostly interested in position sensors and optical measurement. Is there any other report related to measurement technologies?
I am trying to get some Information on the global 3D measurement market and hope to find it in this report. Have you covered this in the report?