AP NEWS

Optical Measurement: Worldwide Market Analysis & Forecast 2018-2023 - Based on Equipment Type CMM has & will Continue to Dominate - ResearchAndMarkets.com

July 6, 2018

DUBLIN--(BUSINESS WIRE)--Jul 6, 2018--The “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” report has been added to ResearchAndMarkets.com’s offering.

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.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Optical Measurement Market, By Offering

7 Optical Measurement Market, By Equipment

8 Optical Measurement Market, By Vertical

9 Geographic Analysis

10 Competitive Landscape

11 Company Profiles

Hexagon AB Jenoptik AG Faro Technologies Nikon Carl Zeiss Keyence Corporation Mitutoyo Corporation Vision Engineering GOM Zygo Corporation Carmar Accuracy Quality Vision International Inc.(QVI) Olympus Corporation Bowers Group Easydur Italiana Micro-Vu Corporation Dongguan Yihui Optoelectronics Technology Trioptics GmbH QS Metrology Private Limited Accurex Measurement Alicona Imaging GmbH

For more information about this report visit https://www.researchandmarkets.com/research/w53xfl/optical?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180706005380/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Optical Sensors

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING ENGINEERING

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 07/06/2018 02:05 PM/DISC: 07/06/2018 02:05 PM

http://www.businesswire.com/news/home/20180706005380/en

AP RADIO
Update hourly