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Tuesday 1 March 2016

Global Automated Optical Metrology Market to Expand at 7.6% CAGR Owing to Rising Industrialization in Developing Regions

This market research study analyzes the automated optical metrology market on global basis and provides estimates in terms of revenue (USD Million) from 2014 to 2021. It describes the market dynamics affecting the industry and analyzes their impact through the forecast period. Moreover, it highlights the significant opportunities for market growth in the next six years.

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Optical metrology helps calibrate objects that cannot be measured physically. It is the science and technology of measuring unknown qualities with light. The measurement principle of optical metrology is based on the fact that the transmission of light is without any contact. Therefore, optical metrology is generally used in areas where physical contact cannot be made between the measuring equipment and the object to be measured. Different light sources such as narrowband, broadband and laser can also be used on measuring equipments to calibrate the measurements and retrieve the data on a receiving target. The receiving target analyzes the data with the help of software algorithms and provides an accurate result to the user. Laser scanners, coordinate measuring machines and video measuring machines are the major optical metrology products that provide precise measurement information. The growing need for compliance to international industry standards and accurate measurement data has led to the application of optical metrology products in various business sectors such as automotive, industrial and aerospace.

Optical metrology products find the largest application in the automotive sector. The automotive sector is witnessing huge growth due to the increasing usage and production of vehicles globally. Advanced optical metrology equipments that provide accurate measurement results are largely demanded by the automotive sector, where there is a requirement of measuring objects having unknown quantities. Therefore, the growth in the automotive sector is set to drive the market of automated optical metrology market across the world.

Aerospace sector is one of the booming sectors, where optical metrology finds various applications. In the civil aerospace market, civil passenger aircrafts are expected to double by the year 2030. Increasing air traffic and replacement of aging aircrafts with new and advanced aircrafts are set to drive the growth of civil aerospace market; furthermore driving the growth of global automated optical metrology market. In addition, the aviation industry rely on high quality measurement standards and computer aided design (CAD), which makes the use of optical metrology equipments very significant in the aerospace sector.
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