Autocollimators Market Size & Share Global Analysis Report, 2024-2032
Autocollimators Market Size & Share Global Analysis Report, 2024-2032

Autocollimators Market Share, Size, Trends, Industry Analysis Report, By Product Type (Electronic & Digital, Visual, and Others); By Application; By End User; By Region; Segment Forecast, 2024 – 2032

  • Published Date:Jan-2024
  • Pages: 118
  • Format: PDF
  • Report ID: PM4106
  • Base Year: 2023
  • Historical Data: 2019-2022

Report Outlook

The global autocollimators market was valued at USD 64.81 million in 2023 and is expected to grow at a CAGR of 5.7% during the forecast period.

The growing proliferation for the integration of autocollimators in highly advanced and innovated technologies like Industry 4.0 and continuously escalating demand for high-precision optical metrology solutions across different industries all over the world along with the growing awareness about the importance of accurate angle measurements, are among the primary factors influencing the market growth. In addition, the drastic increase in focus on precise measurements in industries like aerospace, automotive, and defense are further leading to greater adoption of innovated autocollimators to ensure that the components meet stringent quality standards.

Autocollimators Market Size

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  • For instance, in February 2023, Duma Optronics, announced that they have introduced a new type of electronic autocollimator system, which is an upgraded device for testing and adjusting fully integrated systems including optics, mechanics, and lasers. The newly developed autocollimator has an accuracy of 1 sec and focusing distance is calibrated from 17.5cm to infinity.

Moreover, with the continuous increase and surge in investments in research & development activities to develop new products with enhanced characteristics and exploring new potential applications and role of autocollimators in several industry verticals including semiconductor manufacturing, medical devices, and geodetic surveying, among others, is also anticipated to generate huge growth potential for the autocollimators market in the coming years.

Autocollimators Market Size

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However, the high initial cost associated with the integration and installation of autocollimators and other related equipment and need for specialized and skilled professionals for proper and efficient operations, are among the factors hindering the global market growth.

Industry Dynamics

Growth Drivers

  • Growing use in semiconductor industry and emerging applications in R&D boosting the market growth

As, the semiconductor industry heavily relies on precise alignment and measurement processes for the production of microchips and electronic components, thus, with the growing semiconductor manufacturing around the world, the demand for autocollimators is also increasing at significant rate. Beside this, autocollimators are finding new applications in research & development laboratories particularly in the fields like photonics, optics, and astronomy. As, R&D activities globally continues to expand, the need and adoption of autocollimators is also likely to rise substantially.

Ongoing advancements in optical and electronic technologies contribute to the development of more sophisticated autocollimators with improved accuracy and features. This can stimulate market growth as industries adopt newer and more advanced instruments.

Report Segmentation

The market is primarily segmented based on product type, application, end user, and region.

By Product Type

By Application

By End User

By Region

  • Electronic & Digital
  • Visual
  • Others
  • Alignment and Positioning
  • Surfaces Flatness Measurement
  • Angle Measurement
  • Wavefront Measurement
  • Research Institutes
  • Automotive
  • Aerospace
  • Military
  • Others
  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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By Product Type Analysis

  • Electronic & digital segment accounted for the largest market share in 2022

The electronic & digital segment accounted for the largest market share. This is primarily due growing need and proliferation for such kind of specialized instruments in electronic manufacturing and various high-tech industries to provide precise angle measurements with digital capabilities.  As, demand for electronic components that requires higher level of accuracy continues to shrink and continuous advancements in electronics and digital technologies that have led to improved accuracy, precision, and functionality of autocollimators, fostering the segment market growth. 

The visual segment is expected to register highest growth rate over the course of study period, mainly attributable to its surging use in various applications including lens testing, mirror testing, precision machining and alignment, and alignment of optical components, among others along with the surging adoption for accurate alignment and surveying tasks in civil engineering and construction projects.

By Application Analysis

  • Alignment and positioning segment held the majority market share in 2022

The alignment and positioning segment held the majority market share in terms of revenue in 2022, which is majorly driven by surging demand for high-precision manufacturing in different industries such as automotive, aerospace, and electronics            that uses autocollimators as an essential tool for aligning and positioning optical components. Also, the alignment and positioning of components are also crucial in semiconductor manufacturing, thus, the growth in electronics industry directly impacts the market for alignment and positioning in a positive way.

The angle measurement segment is anticipated to emerge as fastest segment during the projected period, that is largely accelerated by constantly growing technological advancements and development of autocollimators with enhanced and improved features that allows for more efficient and accurate angle measurement. Apart from this, the growth in global trade and manufacturing activities worldwide, the need and demand for accurate angle measurement technologies and solutions across borders likely to increase substantially.

By End User Analysis

  • Research institutes segment is projected to witness highest growth

The research institutes segment is expected to grow at highest growth rate over the course od study period, on account of rapid expansion of boundaries and limits of measurement technology that led to adoption of autocollimators and also propels the development of new novel applications for them. As, research institutes have substantial funding from government organizations and authorities to perform research activities on different areas, it allows them to invest heavily in the advanced equipment and cutting-edge research.

The aerospace segment is projected to exhibit significant growth rate during the course of study period, which is mainly attributed to surging demand for high levels of precision and accuracy for alignment and measurement tasks in various aerospace applications and emerging proliferation for product use for quality control and testing of aerospace components like optical systems, satellite payloads, and mirrors.  Additionally, the surge in the number of international space exploration projects across both developed and developing economies is also fostering the demand for precise measurement tools to ensure the success of projects or missions.

Regional Insights

  • Asia Pacific region dominated the global market with significant share in 2022

The Asia Pacific region dominated the global market with significant revenue share. The regional market growth is highly attributable to region’s rapid rate of industrialization especially in sector like aerospace, automotive and electronics that boost the demand for high-quality and efficient precision measurement tools like autocollimators.

The emerging trend towards automation across wide rage of industries including manufacturing, aerospace, and automotive in the region, creating lucrative growth opportunities for highly accurate measurement instruments that plays a vital role in aligning and positioning components in automated systems.

The North America region is anticipated to emerge as fastest growing region with a healthy CAGR over the forecast period, owing to growing adoption of advanced and innovated autocollimators among various industries and robust presence of highly advanced and mature technology ecosystem that fosters the need and demand for precision measurement instruments across the region.

Key Market Players & Competitive Insights

The autocollimators market is highly fragmented in nature with the presence of several large global and regional market players around the world. The key market players are constantly focusing on expanding their product offerings and expand their geographical market presence, thereby, they are adopting several business development strategies including collaborations, partnerships, and acquisitions & mergers.

Some of the major players operating in the global market include:

  • Carl Zeiss
  • Duma Optronics
  • Edmund Optics
  • Faro Technologies
  • Haag-Streit Group
  • Hexagon
  • Keaoda
  • Logitech Limited
  • Micro-Radian Instruments
  • Newport Corporation
  • Nikon Metrology
  • Prisms India
  • Shanghai Institute of Optical Equipment
  • Taylon Hobson
  • ZG Optique
  • Zygo Corporation

Recent Developments

  • In February 2022, Duma Optronics, announced the launch of a new Total Station Autocollimator that is specially designed for intricate measurements such as lasers, optics, alignment, among others. The new autocollimator is designed in a way to work in several applications as a multi-tool device.
  • In August 2022, Yokogawa, introduced its 2 optical spectrum analysers including AQ6375E & AQ6376E which combines short and mid wave-length infrared with the extreme optical precision that helps in aiding development of the measurement lasers. The new range of products launched to provide manufacturers and developers more flexibility in the range of wavelengths with high accuracy.

Autocollimators Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 68.34 million

Revenue forecast in 2032

USD 106.56 million

CAGR

5.7% from 2024 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD million and CAGR from 2024 to 2032

Segments covered

By product Type, By Application, By End User, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Customization

Report customization as per your requirements with respect to countries, region and segmentation.