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Global Optical Metrology Market to Reach $3.2 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Optical Metrology estimated at US$2.3 Billion in the year 2020, is projected to reach a revised size of US$3.2 Billion by 2027, growing at a CAGR of 4.3% over the analysis period 2020-2027. Optical / Laser Scanners, one of the segments analyzed in the report, is projected to record a 3.7% CAGR and reach US$2.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Video Measuring Machines segment is readjusted to a revised 6.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $643.4 Million, While China is Forecast to Grow at 7.7% CAGR
The Optical Metrology market in the U.S. is estimated at US$643.4 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$644.2 Million by the year 2027 trailing a CAGR of 7.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.7% and 4.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$410.7 Million by the year 2027.



Laser Micrometry Segment to Record 5.4% CAGR
In the global Laser Micrometry segment, USA, Canada, Japan, China and Europe will drive the 5.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$105.3 Million in the year 2020 will reach a projected size of US$147.5 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 7% CAGR through the analysis period.