Global Shaft Measurement & Inspection Solutions Growth Opportunities

Global Shaft Measurement & Inspection Solutions Growth Opportunities

Future Growth Potential of the Solutions due to Demand in the Automotive, Aerospace, and Medical Industries

RELEASE DATE
25-Aug-2021
REGION
Global
Deliverable Type
Market Research
Research Code: K612-01-00-00-00
SKU: TM00674-GL-MT_25717
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Description

This research service analyzes the global trends in the optical shaft metrology market. The niche global optical shaft metrology market witnessed steady growth with an emphasis on quality control, especially in the automotive and aerospace industries. The onset of COVID-19 disrupted the supply chain globally and demand contracted across the automotive and aerospace industries. Manufacturers reduced their capital expenditures and focused on liquidity due to the global economic uncertainty caused by the pandemic. Despite many developed economies managing to contain the spread of the virus through strict restrictions and effective vaccination, several emerging economies are still struggling with the pandemic. Although demand recovery was seen toward the end of 2020 and early 2021, it is unlikely to be similar to pre-COVID-19 levels soon. The market for optical shaft metrology will see a marginal positive growth in 2021 driven by the automotive, defense, and medical industries. This is based on the assumption that there will be no more supply chain disruptions similar to H1 2020. The market for optical shaft metrology is likely to return to normalcy during 2022 as plant utilization levels in industries reach the maximum limit.

The market has been segmented by product type, vertical markets, and regional markets. The study covers market share analysis of top competitors, and mentions the prominent channel of distribution used in this market.

Annual estimates and forecasts are provided for the period 2017 through 2025. The geographical scope of the study includes North America, Europe (EU), Asia-Pacific (APAC), and Rest of World (RoW).

• North America is a significant contributor to the optical shaft metrology market owing to manufacturing and tooling industries. The drive toward
enhancing fuel efficiencies and environmental compliance in Europe is a key contributor in 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.

By 2025, the global optical shaft metrology market is estimated to reach approximately $70.6 million. Optical shaft measurement is done using either a line-scan or a matrix array product with certain companies in the market offering both product types. Offering custom products and solutions is considered a key avenue of differentiation. Line-scan currently holds the major share of the market. With rising demand for inline measurements, especially in certain applications where continuous measurements are required or human intervention is not possible, the market for optical shaft metrology equipment is growing. This report discusses various trends that are changing the optical shaft metrology market, and their business impact on enterprises, service providers, and small and medium businesses.

Author: Ram Ravi

RESEARCH: INFOGRAPHIC

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Table of Contents

Why Is It Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top Three Strategic Imperatives on Shaft Measurement & Inspection Solution Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Shaft Measurement & Inspection Solutions Scope of Analysis

Shaft Measurement & Inspection Solutions Segmentation

Key Competitors for Shaft Measurement & Inspection Solutions

Key Growth Metrics for Shaft Measurement & Inspection Solutions

Distribution Channels for Shaft Measurement & Inspection Solutions

Growth Drivers for Shaft Measurement & Inspection Solutions

Growth Driver Analysis for Shaft Measurement & Inspection Solutions

Growth Driver Analysis for Shaft Measurement & Inspection Solutions (continued)

Growth Restraints for Shaft Measurement & Inspection Solutions

Growth Restraint Analysis for Shaft Measurement & Inspection Solutions

Growth Restraint Analysis for Shaft Measurement & Inspection Solutions (continued)

Forecast Assumptions, Shaft Measurement & Inspection Solutions

Revenue and Unit Shipment Forecast, Shaft Measurement & Inspection Solutions

Revenue Forecast by Product, Shaft Measurement & Inspection Solutions

Revenue Forecast by Region, Shaft Measurement & Inspection Solutions

Revenue Forecast by Industry Vertical, Shaft Measurement & Inspection Solutions

Revenue Forecast Analysis, Shaft Measurement & Inspection Solutions

Industry Trends, Shaft Measurement & Inspection Solutions

Revenue Forecast Analysis by Region, Shaft Measurement & Inspection Solutions

Revenue Forecast Analysis by Industry Vertical, Shaft Measurement & Inspection Solutions

Revenue Forecast Analysis by Industry Vertical, Shaft Measurement & Inspection Solutions (continued)

Pricing Trends and Forecast Analysis, Shaft Measurement & Inspection Solutions

Competitive Environment, Shaft Measurement & Inspection Solutions

Revenue Share, Shaft Measurement & Inspection Solutions

Revenue Share Analysis, Shaft Measurement & Inspection Solutions

Challenges and Technology Advancements, Shaft Measurement & Inspection Solutions

Key Growth Metrics for Line-scan

Revenue Forecast, Line-scan

Revenue Forecast by Region, Line-scan

Revenue Forecast by Verticals, Line-scan

Forecast Analysis, Line-scan

Key Growth Metrics for Matrix Array

Revenue Forecast, Matrix Array

Revenue Forecast by Region, Matrix Array

Revenue Forecast by Verticals, Matrix Array

Forecast Analysis, Matrix Array

Growth Opportunity 1—Additive Manufacturing for Light Weighting, 2021

Growth Opportunity 1—Additive Manufacturing for Light Weighting, 2021 (continued)

Growth Opportunity 2—Robotic Automation for Faster Quality Control and Inspection, 2021

Growth Opportunity 2—Robotic Automation for Faster Quality Control and Inspection, 2021 (continued)

Growth Opportunity 3—Growth of Electric Vehicles for Reducing Carbon Emissions, 2021

Growth Opportunity 3—Growth of Electric Vehicles for Reducing Carbon Emissions, 2021 (continued)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

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This research service analyzes the global trends in the optical shaft metrology market. The niche global optical shaft metrology market witnessed steady growth with an emphasis on quality control, especially in the automotive and aerospace industries. The onset of COVID-19 disrupted the supply chain globally and demand contracted across the automotive and aerospace industries. Manufacturers reduced their capital expenditures and focused on liquidity due to the global economic uncertainty caused by the pandemic. Despite many developed economies managing to contain the spread of the virus through strict restrictions and effective vaccination, several emerging economies are still struggling with the pandemic. Although demand recovery was seen toward the end of 2020 and early 2021, it is unlikely to be similar to pre-COVID-19 levels soon. The market for optical shaft metrology will see a marginal positive growth in 2021 driven by the automotive, defense, and medical industries. This is based on the assumption that there will be no more supply chain disruptions similar to H1 2020. The market for optical shaft metrology is likely to return to normalcy during 2022 as plant utilization levels in industries reach the maximum limit. The market has been segmented by product type, vertical markets, and regional markets. The study covers market share analysis of top competitors, and mentions the prominent channel of distribution used in this market. Annual estimates and forecasts are provided for the period 2017 through 2025. The geographical scope of the study includes North America, Europe (EU), Asia-Pacific (APAC), and Rest of World (RoW). • North America is a significant contributor to the optical shaft metrology market owing to manufacturing and tooling industries. The drive toward enhancing fuel efficiencies and environmental compliance in Europe is a key contributor in 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. By 2025, the global optical shaft metrology market is estimated to reach approximately $70.6 million. Optical shaft measurement is done using either a line-scan or a matrix array product with certain companies in the market offering both product types. Offering custom products and solutions is considered a key avenue of differentiation. Line-scan currently holds the major share of the market. With rising demand for inline measurements, especially in certain applications where continuous measurements are required or human intervention is not possible, the market for optical shaft metrology equipment is growing. This report discusses various trends that are changing the optical shaft metrology market, and their business impact on enterprises, service providers, and small and medium businesses. Author: Ram Ravi
More Information
Deliverable Type Market Research
No Index No
Podcast No
Author Ram Ravi
Industries Test and Measurement Instrumentation
WIP Number K612-01-00-00-00
Is Prebook No
GPS Codes 9404-A5,9594,9426,9593