Optical Measuring Systems Market: A Guide to Competitive Landscape, Key Country Analysis, State Funding Initiatives

Press Release

An optical measuring system is a device that is primarily used to measure physical properties of a number of products. The measurement process of the device is free from physical contact of object with the device.  The measurement is based on optical illusion of the product and help in improving physical properties of a product.

Factors like growing demand for 3D metrology services, surge in research and development spending towards the field and increasing adoption of advanced optical measurement solutions are the key factors expected to drive the optical measurement market in the fourth coming years.

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In addition to this, development of application industries such as automotive industry and manufacturing companies are the key factors boosting the optical measuring market. The technique is widely adopted in manufacturing of connected automobiles. Optical measuring systems offers vital information of nearby vehicles, thus help prevent accidents and collisions.

However, factors like non-availability of skilled players, inadequate consumer awareness and high costs of the devices are some factors expected to impede growth of the global optical measurement system market in the coming few years.

Along with this, the optical measuring systems market is at its nascent stage at present, the are no robust application of optical measuring systems. This is expected to negatively impact future demand and adoption of the optical measuring systems.

Nevertheless, increasing adoption of precision measurement by several giant industry players in order to improve accuracy and reliability of the manufactured products is a major factor projected to bolster growth in the optical measuring system market in the fourth coming years.

Measurement System is one of the integral part and step in many application industries to measure the wide range of physical properties (Dimensions, thickness, Cross section, Thermal expansion, Modulus elasticity and many more) of its product or assembly parts in order to fulfill or address their clients and customer requirement. Conventional techniques used in measurement are hand gauges, touch probes, optical comparators, or microscopes. Industry challenges arises when these conventional measuring methods are not able to provide accurate and reliable results due to some operating errors. These operating errors may be responsible for creating gaps in quality assurance process of the end product. To address these industry challenges the market players and stakeholders present in a value chain developed an innovative and disruptive technology based on optics. They developed a novel system named as optical measuring system for measuring the physical properties of the product. Optical measuring system is non –contact measuring solution used for inspection and process control. The mechanism involved in the measurement of article is based on passing light rays and optical beams in different angles over the product, then these lights are reflected to the optical sensors and then travel towards the camera which has optical chips. These optical chips is integrated with software which gives the measurement outcome. These devices are portable, simple and provides accurate results with negligible tolerance. The operating measuring systems available in the market has find adoption at a rapid pace in different application market where parts with complex geometries are used at a large scale. Newly developed optical measuring system reduces the cycle time involved in inspection and process control.

Optical Measuring System: Drivers and Restraints

Optical measuring System is gaining recognition and adoption in many application industries with a rapid pace due to its exceptional attributes and characteristics that caters the industry challenges in an efficient manner. Development of application industries is the key factors driving demand of Optical Measuring Systems in coming years. These measuring system are required for improving accuracy on measuring of physical properties of a product. Emerging business models like collaboration and partnership between the market players present in the application universe and new product development with increased operational efficacy in a cost-effective manner are inferred as one of the key driving factor for the adoption of optical measurement system. Additionally rising research activities in the development of portable measuring devices and increased government funding for the same is one of the driving factor. The increase in manufacturing industry in developing countries like China and India and more automation activities in automotive sector and countries responsible for automotive throughput like Japan and Korea fuels the demand of Operating Measuring System. However, high operation and investment costs and usage of fragile components are two major restraints expected to negatively impact future demand and adoption barrier for Optical Measuring System.

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Optical Measuring Systems Market: Segmentation

On the basis of light beam, the Optical Measuring Systems Market can be segmented into:

  • Vertical Optimeter
  • Horizontal Optimeter
  • Tool maker’s microscope

On the basis of application, the Optical Measuring Systems Market can be segmented into:

  • Automotive
  • Aerospace
  • Medical
  • Other (Manufacturing, tool making, Hip joints etc.)

Optical Measuring Systems Market: Region Wise Outlook

The global Optical Measuring Systems Market is segmented into seven key regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). As of 2017, the growth in developed regions such as Western Europe, Japan and North America will be driven by new product innovations that are more efficient and portable. APEJ and Latin America regions are also expected to register a significant CAGR over the forecast period owing to strategically increasing investments in the petroleum refining sector to cater to the growing demand. MEA is also projected to expand with a significant CAGR over the forecast period due to expected future investments in the downstream sector to compliment huge oil reserves in the region.

Examples of some of the market participants in the global Optical Measuring Systems Market identified across the value chain include:

  • Bowlers Group
  • Physical Digital Ltd
  • Mech Metrology
  • Carl Zeiss AG
  • Trimos SA
  • OMS Corporation
  • Jenoptik AG
  • Mitutoyo Corporation
  • Hexagon Manufacturing Intelligence

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

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