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The automotive industry has consistently provided a wide array of opportunities for the automated optical metrology players. The current boom in auto sales, especially in emerging regions, is therefore a key factor driving the demand for automated optical metrology. The same applies to the aerospace sector, where increasing air traffic and the need for advanced automation processes is creating an accelerated demand for automated optical metrology.
Industries have to adhere to the various quality standards set by each region. The growing rate of standardization for quality control on an international level is therefore allowing players from the automated optical metrology market provide invaluable services for the same.
The standards for automated optical metrology services themselves, however, are lacking a sturdy universal measurement foundation. This could continue to hamper the growth of automated optical metrology players until a standard is maintained.
It is owing to these factors that the global automated optical metrology market is expected to expand at a CAGR of 7.6% from 2015 to 2021. This market is expected to accrue a revenue of US$1.565 bn by the end of 2021.
Asia Pacific Demand for Automated Optical Metrology on the Rise
Emerging economies such as those from the Asia Pacific region are showing a high demand for reducing the level of human handling. This is calling on the automated optical metrology players for implementing advanced automated systems that can function with the least amount of human intervention, thus providing massive opportunities for the manufacturers of these systems.
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China, Japan, and India are the three key countries in the Asia Pacific to demand automated optical metrology equipment. Their high demand is caused due to the rapid rate of industrial evolution and the growth of industrial infrastructure.
Meanwhile, Europe continues to lead the demand for automated optical metrology systems due to a high need for swathing over to international measurement compliances. The region is showing an especially high demand for automated optical metrology for the accurate measurement of non-contact surfaces, along with a growing auto industry.
Automotive Industry Demand for Automated Optical Metrology Increases
Automotive, consumer electronics, medical, industrial, and aerospace and defense are the major application sectors for automated optical metrology. It can be assumed that any changes in the market behavior of these sectors will directly reflect on the overall demand for automated optical metrology. This applies more to the automotive and aerospace industries, where the growth of users and travelers is creating a high demand for advanced transport methods.
Both sectors – especially the automotive sector – are witnessing a growth in users. The current high demand for vehicles with improved features is spurring the use of automated optical metrology in modern cars. By the end of 2021, the automotive sector is expected to take up 26.9% of the overall revenue generated in the automated optical metrology market.
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The top players in the automated optical metrology market currently include KLA Tencor Corporation, ASML Holding NV, Hexagon Metrology, Inc., Nikon Metrology NV, and Steinbichler Optotechnik GmbH.
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