KLA Tencor Corporation, ASML Holding N.V., and Steinbichler Optotechnik GmbH, the three top providers of automated optical metrology services, collectively held a share of 39.4% of the market value in 2014, states Transparency Market Research (TMR) in a new report.
The key competitive strategy employed by most top players in the automated optical metrology market is driving company growth through constant product innovation and development. Transparency Market Research states that innovation for new products is a necessity in this market to maintain a strong foothold within its stiff competitive landscape. Apart from this, companies are also focusing on mergers and acquisitions. Close to half the market shares were held by regional players in 2014, and key players can look for opportunities in regional expansion through this fragmented set.
Industries Pull in Advanced Automated Optical Metrology Solutions to Comply with Measurement Standards
“The lack of measurement standardization within any industry can be extremely detrimental when it comes to trade,” states a TMR analyst. “As such, most industries are striving to keep up with the market growth by inculcating the measurement standards to ensure high quality of products that can be exported.”
Quality control, measurement, and inspection have thus become a core necessity in all manufacturing processes. The International Bureau of Weights and Measures is one such organization that is responsible for fixing measurement standards on an international scale.
All companies affiliated with these industries must adhere to these standards to ensure high quality product quality, therefore ramping up the demand for automated optical metrology.
Lack of International Measurement Standards Hinder Automated Optical Metrology Players from Expanding Geographically
While industries follow their own measurement standards for quality control, each organization possesses its own set of standard measurements. Furthermore, these clustered measurement standards can also prove to be contradictory to other standards, causing significant confusion and loss of product manufacturing time.
Companies applying these non-standard measurement for international trade are the ones most hit. The lack of international measurement standards is therefore, something that needs to be resolved to improve the growth rate of automated optical metrology.
Automotive Industry Ups Demand for Automated Optical Metrology Systems
The global automated optical metrology market is expanding at a CAGR of 7.6% within a forecast period from 2015 to 2021 in terms of revenue. This revenue is expected to reach US$1,565.3 mn by the end of 2021.
The region with the largest revenue share in automated optical metrology is Europe. Its revenue is expected to reach US$479.6 mn by the end of 2021. North America and Asia Pacific are expected to be a close second and third respectively.
The largest scope of use for automated optical metrology services is found in the automotive industry. The revenue generated by automated optical metrology players from the automotive industry by 2021 is expected to reach US$421 mn.
The information presented in this review is based on a Transparency Market Research report, titled, “Automated Optical Metrology Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021.”
- Coordinate measuring machines expected to generate revenue of US$657.6 mn by 2021.
- Automotive industry demand for automated optical metrology services by 2021 is expected to generate US$421 mn in revenue.
- Rapid increase in automated optical metrology demand from APAC expected to propel this region’s revenue to US$436.9 mn by 2021.
Key Segments of the Global Automated Optical Metrology Market
Global Automated Optical Metrology Market: By Product
- Video Measuring Machines
- Laser Scanners
- Coordinate Measuring Machines
Global Automated Optical Metrology Market: By Application
- Consumer Electronics
- Aerospace & Defense
Global Automated Optical Metrology Market by Geography
- North America
- Asia Pacific
- Rest of the World
Browse : Our new press releases https://www.transparencymarketresearch.com/pressrelease/global-automated-optical-metrology-market.htm
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
7 of 10 large enterprizes view our ToC to take the right decision.View Report ToC