Dublin, April 24, 2024 (GLOBE NEWSWIRE) -- The "Autocollimators - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Autocollimators Market to Reach $86.6 Million by 2030
The global market for Autocollimators estimated at US$55.3 Million in the year 2022, is projected to reach a revised size of US$86.6 Million by 2030, growing at a CAGR of 5.8% over the analysis period 2022-2030.
The report outlines their definition, use cases, advantages, and disadvantages, along with their key components and working principle. It explores major types of autocollimators and their applications across industries, discussing the benefits and drawbacks associated with their use.
Electronic & Digital, one of the segments analyzed in the report, is projected to record a 6.2% CAGR and reach US$64.3 Million by the end of the analysis period. Growth in the Visual segment is estimated at 4.1% CAGR for the next 8-year period.
The competitive landscape of the autocollimator market is also examined, shedding light on the presence of various players worldwide. Their strategies, market positioning, and contributions to industry innovation are assessed, providing valuable insights for stakeholders in this field.
The U.S. Market is Estimated at $12.6 Million, While China is Forecast to Grow at 8.2% CAGR
In the context of the global economic update, the report provides insights into the market outlook for autocollimators, highlighting their increasing adoption in various sectors. Research institutes are identified as key drivers of market growth, particularly in developed regions. However, developing regions are anticipated to witness high growth rates in autocollimator adoption, reflecting broader technological advancements.
The Autocollimators market in the U.S. is estimated at US$12.6 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$20.6 Million by the year 2030 trailing a CAGR of 8.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 5.3% respectively over the 2022-2030 period.
Within Europe, Germany is forecast to grow at approximately 4.1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$13.8 Million by the year 2030.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 323 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $55.3 Million |
| Forecasted Market Value (USD) by 2030 | $86.6 Million |
| Compound Annual Growth Rate | 5.8% |
| Regions Covered | Global |
MARKET OVERVIEW
- Autocollimators: Definition, Use Cases, Advantages & Disadvantages
- Key Components
- Working Principle
- Major Types of Autocollimators
- Key Applications
- Benefits & Drawbacks
- Global Economic Update
- Global Market Outlook
- Research Institutes Lead Global Market
- Developing Regions to Witness High Growth
- Competition
- Competitive Market Presence - Strong/Active/Niche for Players Worldwide in 2023 (E)
- Recent Market Activity
MARKET TRENDS & DRIVERS
- Increasing Significance of Precise Angle Measurements in Industries Propels Demand
- Growing Demand for High-Precision Optical Metrology Solutions Fuels Demand for Autocollimators
- Achieving Precise Optical Alignment in Metrology
- Rising Importance of Autocollimators in Industry 4.0 Landscape
- Miniaturization Trend in Various Industries Spurs Need for Autocollimators
- Additive Manufacturing & 3D Printing Markets Present Opportunities for Autocollimators
- Emphasis on Improving Productivity and Quality Drives Demand for Autocollimators in Automotive Industry
- Autocollimation Theodolite Enables Higher Precision in Surveying
- Hybrid Autocollimator: An Advanced System for Complex Optical and Laser Measurements
- Introduction of Innovative Technologies Fuel Demand for Autocollimators
- Challenges Facing Autocollimator Market
FOCUS ON SELECT PLAYERS (Total 40 Featured)
- Duma Optronics
- Edmund Optics
- Haag-Streit Group
- Keaoda
- Logitech Limited
- Micro-Radian Instruments
- Newport Corporation
- Nikon Metrology
- PLX
- Prisms India
- Shanghai Institute of Optical Instrument
- Shanghai Optical Instrument
- Standa
- Taylor Hobson
- TRIOPTICS
- ZG Optique
For more information about this report visit https://www.researchandmarkets.com/r/e47orq
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