KLA Tencor Corporation, ASML Holding N.V., and Steinbichler Optotechnik GmbH, the three top providers of automated optical metrology services, collectively held a share of 39.4% of the market value in 2014, states Transparency Market Research (TMR) in a new report.
The key competitive strategy employed by most top players in the automated optical metrology market is driving company growth through constant product innovation and development. Transparency Market Research states that innovation for new products is a necessity in this market to maintain a strong foothold within its stiff competitive landscape. Apart from this, companies are also focusing on mergers and acquisitions. Close to half the market shares were held by regional players in 2014, and key players can look for opportunities in regional expansion through this fragmented set.
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Industries have to adhere to the various quality standards set by each region. The growing rate of standardization for quality control on an international level is therefore allowing players from the automated optical metrology market provide invaluable services for the same.
The standards for automated optical metrology services themselves, however, are lacking a sturdy universal measurement foundation. This could continue to hamper the growth of automated optical metrology players until a standard is maintained.
It is owing to these factors that the global automated optical metrology market is expected to expand at a CAGR of 7.6% from 2015 to 2021. This market is expected to accrue a revenue of US$1.565 bn by the end of 2021.
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