Optical comparator is optical device used for inspection of various manufactured parts. It offers accurate, precise, and non-contact measurement comparison, which allows companies to fast comparison of products. In a comparator, the parts are projected on a screen, and the geometry and dimensions of the fragment are measured against the approved limits, further result in reduced errors. So, globally manufacturers preferring this product for various dimensional inspection & measurements applications, since it offers cost effective solution for non-contact measurements, higher sampling rate, and simplicity of design as well as helps to reduce the errors. Moreover, these are used in various industries such as aerospace & aeronautics, military, telecommunications, manufacturing, automotive, medical, power & utilities, and others industries.
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Optical comparator Market – Competitive Landscape
The optical comparator market is highly fragmented with various players. Leading market players are focusing on further innovative developments of optical comparators to overcome existing limits and enhance the operational efficiency.
- In September 2018, Dorsey Metrology International announced acquisition of S-T Industries optical comparator and vision system lines. Further, all engineering files to continue servicing S-T Industries. Dorsey Metrology International is one of the leading player in optical comparators market. This acquisition expected to broaden company’s offering range
- In March 2019, Methods Machine Tools announced the launch of the 500 Series Vision Gauge optical comparator. This is design to measure data, full inspection as well as to automatically generate the reports
- In November 2017, Starrett leading player in the optical comparator market. It has launched HVR100-FLIP, a Benchtop Vision Measurement System. This instrument is expected to offer reliable, accurate results.
Dorsey Metrology International Inc.
Founded in 1955, Dorsey Metrology International Inc., a key player in optical comparators market, is headquartered in Oakley ST, Poughkeepsie, New York, the U.S. The company provides various products including indicators optical comparators, bore gages, snap gages, large diameter gages, countersink and chamfer gages, and other products. Moreover company also offers subcontract machining including electromechanical assembly, CNC turning, CNC milling, grinding, and welding.
Established in 1880, Starrett is based in Crescent Street Athol, MA, the U.S. It is one of the leading manufacturer and supplier of optical devices. The company’s product portfolio includes gage blocks, granite surface plates, levels, electronic gages, dial indicators, and custom engineered products. Moreover, the company also offers a different type of metrology equipment including multi-sensor measuring systems, video measurement and inspection systems, optical comparators, material testing systems, force measurement, and other systems
Leader Precision Instrument Co., Ltd
Founded in 2005, Spectrum Instruments Inc.is headquartered in Dongguan, Guangdong, China.
It provides polarization microscope, biological microscope, profile projector, LCD microscope, stereo microscope, tool-maker microscope, coordinate measuring machine, metallurgical microscope, video measuring system, fluorescence microscope, linear scale, digital readout and hardness tester, and other products. The company specializing in production and sales electronic, optics, machinery precision measuring and testing instrument
Nikon Metrology NV
Founded in 1917, Nikon Metrology NV is based in Leuven, Brussels, Belgium and specializes in designing, manufacturing, and distribution of optical instruments. Moreover, the company product portfolio includes profile projector, autocollimators, optical comparators, automated vision based systems, and other products
J&L Metrology, Inc.
Established in 1919, J&L Metrology, Inc. is headquartered in Springfield, VT, the U.S. The company manufactures, design, and markets the optical comparators and other precision products. Moreover, the company uses latest technology in its comparators such as, screens up to 50 inches diameter, fiber optic edge detectors, CNC capabilities, and other technology.
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Optical comparator Market – Dynamics
Increasing trend of mass production
The Increasing trend of mass production in almost every industry. In mass production it is expected to produce the identical component parts. This increasing trend of mass production and automation expected to drive growth of the optical comparator market. Further, expected to increase demand of the optical comparator during forecast period.
Increased focus on accuracy and reliability of products
In the recent years, manufacturers has increased focus and investment on offering more accurate and reliable products, in order to gain competitive advantage. Since, optical comparator offers more accurate, precise, and non-contact dimensional inspection & measurements device. Moreover, it also offers higher sampling rate, & simplicity of design. Owing to various advantages offered by the optical comparator, further expected to increase its demand during forecast period.
Optical comparator Market – Segmentation
On the basis of type, the Optical comparator market can be divided into:
- Surface illumination optical comparator
- Profile illumination optical comparator
On the basis of end-use industry, the Optical comparator market can be segregated into:
- Utilities & Energy
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.