Stringent Dimensional Tolerances Key to Future Growth Prospects
This research analyzes the global trends in the 3D optical profilometer market. The global 3D optical profilometer market, a nascent market, was witnessing steady growth, with emphasis on quality control, closed-loop manufacturing, and miniaturization driving the demand across vertical markets. The onset of COVID-19 has halted production globally and is resulting in organizations holding on to their liquidity and being careful in their capital expenditures. Globally, many plants across automotive, aerospace, consumer electronics, and industrial manufacturing have been closed, resulting in a significant drop in demand. Despite countries beginning to relax restrictions, it is unlikely for demand to return to pre-COVID-19 levels during the course of 2020 and 2021. Hence, the demand for 3D optical profilometers is expected to decline in 2020. Once industries return close to previous plant utilization levels, the demand will also increase. That said, an industry that is driving the demand during this pandemic is the semiconductor industry.
The 3D profilometer market has been segmented by technique type, vertical, and regional markets. The study covers market share analysis of top competitors. The study also mentions the prominent channel of distribution used in this market.
Annual estimates and forecasts are provided for 2017 to 2025. The geographical scope of the study includes North America, Europe (EU), Asia-Pacific (APAC), and Rest-of-the-World (ROW).
- North America is a significance contributor to the 3D optical profilometer market, owing to manufacturing and tooling industries. The drive toward enhancing fuel efficiencies and environmental compliance in Europe is a key contributor to demand.
- APAC was the largest contributor and the fastest growing region, with rising industrialization in economies such as China and India. The market is approached usually through a combination of direct and indirect channels.
The revenue of the global 3D optical profilometer market is estimated to reach approximately $157.6 million by 2025. Surface roughness measurement is done using different techniques with certain companies in the market offering instruments using multiple sensors (combining 2-to-3 techniques in one instrument). The market also has companies targeting both established and emerging applications. The interferometry technique currently holds the major share of the market. The demand for inline measurements growing, especially in certain applications where continuous measurements are required or human intervention is not possible, drives the market for 3D optical profilometers. The research service discusses the various trends that are changing the 3D optical profilometer market and their business impact on enterprises, service providers, and small and medium businesses.
