DUBLIN, Sept. 29, 2021 /PRNewswire/ — The “Global Shaft Measurement & Inspection Solutions Industry Growth Opportunities, 2021” report has been added to ResearchAndMarkets.com’s offering.
This research service analyzes the global trends in the optical shaft metrology market. The niche global optical shaft metrology market witnessed steady growth with an emphasis on quality control, especially in the automotive and aerospace industries.
The onset of COVID-19 disrupted the supply chain globally and demand contracted across the automotive and aerospace industries. Manufacturers reduced their capital expenditures and focused on liquidity due to the global economic uncertainty caused by the pandemic.
Despite many developed economies managing to contain the spread of the virus through strict restrictions and effective vaccination, several emerging economies are still struggling with the pandemic. Although demand recovery was seen…