Wide Applications in Healthcare and Manufacturing Industries Driving the Growth of Optical Metrology Market

In 2017, the global optical metrology market generated $1,989.2 million and is projected to witness a 6.5% CAGR during the forecast period (2018–2023). The market is growing due to the rising demand for inspection of underground pipes for cracks and defects in oil & gas industry, surging need for precise measuring tools and equipment for inspections in the semiconductor industry, and wide applications of optical metrology in manufacturing and healthcare industries.

The method of measuring, using both 2D and 3D measurement techniques, objects using light is referred to as optical metrology. On the basis of application, the optical metrology market is divided into surface inspection, distance measurement, and form measurement.

Out of these, the surface inspection application dominated the market during the historical period (2013–2017) and is further projected to account for the major share of the market during the forecast period. The reason for this is the rising usage of laser scanners in the surface inspection of aerospace parts and increasing utilization of video measuring machines in the manufacturing of automotive parts in the automobile industry.

When industry is taken into consideration, the optical metrology market is categorized into aerospace & defense, consumer electronics, automotive, medical, and others (which include energy & utility, food & beverage, oil & gas, construction, and education).

Download Brochure With Technical Innovation : https://www.psmarketresearch.com/market-analysis/optical-metrology-market/report-sample

Among these, the largest revenue share of the market was held by the automotive industry during the historical period because of the expanding automotive industry in countries including Germany, China, and the U.S and growing requirement for optical metrology equipment for the measurement and inspection of manufactured automobile parts.

Thus, it is clear that, as machines and tools keep becoming more complex, optical metrology will be used even more in the coming years.