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Optical Measuring Systems Market Moving Ahead With A CAGR Of 5.8% During The Forecast Period 2022-2032

The global optical measuring systems market is expected to reach US$ 4230 million in 2022 and US$ 7456 million by 2032, with a CAGR of 5.8 percent during the forecast period (2022-2032).

Increased demand for high-purity grade products in the chemical and pharmaceutical industries is attributed to factors such as the use of optical measuring systems in a variety of applications. The optical measuring systems market is expanding due to rising demand for 3D metrology services, increased adoption of advanced optical measurement solutions, and increased R&D spending.

Some of the most commonly used optical measuring systems worldwide include autocollimators, measuring microscopes, profile projectors, optical digitizers and scanners, coordinate measuring machines, and video measuring machines. These systems are extensively used in various end-use verticals such as automotive, aerospace and defense, energy and power, electronics manufacturing, industrial, medical, and others.

Automated manufacturing workflows in the automotive industry require a high level of traceability, precision, and repeatability. OEMs and suppliers are collaborating to create innovative solutions to ensure optimal measuring system performance and proper component fit. Metrology-grade 3D scanning solutions are increasingly being used by manufacturers to virtually build high-quality components and parts.

Growing investment in R&D to introduce advanced products is expected to have a positive impact on optical measuring systems market growth shortly. Furthermore, as a result of optical advancements, various companies have adopted modern technologies and automation to introduce high-quality optical measurement devices.

Optical measuring systems are gaining recognition and adoption in many application industries at a rapid pace due to their exceptional attributes and characteristics that cater to the industry’s challenges efficiently. The development of application industries is the key factor driving demand for optical measuring systems in the coming years.

Key Players:

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

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