“Global Optical Coherence Tomography Market, By Product Type (Spectral Domain [SD] OCT Systems, Fourier Domain [FD] OCT, Fiber-Based OCT Systems, OCT Consumables & Accessories, OCT Software), By Application (End-Product Quality , Non-Destructive Testing [NDT], Material Surface/ Thickness Measurement, Topography, Defect Detection, Color Inspection, Volume Loss Measurement, 3D Dimension Measurement), as well as by Region – Global Forecast 2021 to 2030.”, which offers a comprehensive view of the Global Optical Coherence Tomography Market through systematic segmentation, covering every aspect of this target market. The 5-year (2020–2026) cumulative revenue of this market is projected to be over $83.76 Mn, and is estimated to increase moderately over the latter part of the forecast period.
Optical Coherence Tomography (OCT) is an imaging technique that uses low-coherence light to capture micrometer-resolution, two-, and three-dimensional images from within optical scattering media. It is used for medical imaging and industrial non-destructive testing.
Optical Coherence Tomography is used for various non-destructive quality control purposes in various end-use industries such as the automotive industry, the semiconductor industry, etc., and the subsequent expansion of these aforementioned sectors is expected to boost the demand for the devices, in turn increasing the revenue growth of the Global Optical Coherence Tomography Market in the process. Moreover, the increasing usage of OCT technology in the polymer manufacturing industry for various inline process and quality controls is also a factor that is slated to compliment the market growth of this global industry. Furthermore, increasing investments being made by key industry players towards the development and incorporation of various advanced innovations such as the application of computational imaging to improve resolutions, etc., is also expected to further augment the optical coherence tomography market’s global footprint. These are some of the most crucial factors anticipated to play a critical role in catapulting projected revenues for the Global Optical Coherence Tomography Market to $116.90 Mn by 2030, at a CAGR of 8.8%.
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