Electronics Industry to Ramp Use of Metrology Equipment, Frost Says
MOUNTAIN VIEW, CA – Sales of high-precision dimensional metrology equipment to electronics manufacturers will rise 33.5% between 2012 and 2017 to $2.55 billion, new research predicts.
Advancements in nanotechnologies have increased the global demand, while regulations that place emphasis on product quality have further compelled the installation of dimensional metrology and sustained market revenues, Frost & Sullivan said. The firm's research covers coordinate measuring machines and optical digitizer and scanners.
“Under competitive pressure to improve quality, end users are also turning to dimensional metrology for the efficient inspection of manufactured products,” said Frost research analyst Aravind Govindan. “Stringent quality norms requiring customers to adopt design, manufacturing and quality process methodologies have further increased the uptake of customized metrology solutions globally.”
Although the uncertain global economic environment is likely to curb investments – especially in the Eurozone – the dimensional metrology market will bounce back as the economy makes a gradual recovery. However, expensive, high-end sophisticated metrology machines may not find buyers in cost-conscious regions, like the Asia-Pacific – where electronics manufacturers do not see dimensional metrology equipment as a necessity, Frost said.
“Offering low-cost equipment and launching marketing initiatives, particularly in Asia-Pacific, are crucial for sustainable growth,” observed Govindan. “Customized solutions will widen the prospects of dimensional metrology vendors and add to profitability.”
The markets in developed economies will grow with North America likely to experience highest growth because end-users have been at the forefront of adopting dimensional metrology to streamline the quality process and improve manufacturing efficiency.and related growth opportunities that will make or break today's market participants.
