Video Measuring System Market

Video Measuring System Market worth 636.0 Million USD by 2023

According to the new market research report "Video Measuring System Market by Product Type (Manual, Semi-Automated, Automated), Application (Automotive, Aerospace & Defense, Heavy Machinery, Energy & Power, Electronics, Medical), Offering, and Geography - Global Forecast to 2023", The video measuring system market is estimated to be worth USD 423.0 Million in 2018 and is projected to reach USD 636.0 Million by 2023, at a CAGR of 8.5% during the forecast period.

Browse 66 market data Tables and 48 Figures spread through 156 Pages and in-depth TOC on "Video Measuring System Market - Global Forecast to 2023"
https://www.marketsandmarkets.com/Market-Reports/video-measuring-system-market-156227606.html
Early buyers will receive 10% customization on reports.

The rapid growth of the video measuring system market can be attributed to various factors, including the increasing popularity of video measurement applications in automotive and aerospace & defense sector. It is also expected that the cost of video measuring systems will decrease in the next couple of years, mainly because of the declining trend in prices of major hardware components. As a result, the video measuring system market is expected to propel during the forecast period. The video measuring system market is likely to gain impetus from the rising demand for quality machine parts, as producers look forward for maintaining the overall quality of manufactured products.

Manual video measuring system expected to hold the largest market share during the forecast period

The increasing adoption of video measuring systems by manufacturers across the globe is the major factor propelling the demand for this technology. The market for manual video measuring systems held the largest size, owing to low cost and early adoption of this technology in automotive, aerospace & defense, electronics metal, plastic, rubber, and medical industries. The manual video measuring system market is also expected to grow in terms of popularity owing to its compact and portable design for several applications during designing and manufacturing stages.

Automotive application accounted for the largest share of the video measuring system market in 2017

The integration of automobile manufacturing process with video measuring systems is expected to propel the growth of the automotive sector, improving the measurement accuracy and overall performance of the vehicles. The automotive segment held the largest share among all application areas owing to the increasing adoption of video measuring systems for the verification of objects, high-precision dimensional measurement, and geometrical tolerances. Furthermore, a video measuring system provides non-contact dimensional measurements with high speed, greater accuracy, and much more flexibility.

North America expected to hold the largest size for the video measuring system market during the forecast period

North America held the largest share of video measuring system market in 2017, with the US being the major contributor to the market in North America. North America held a substantial share of 32.0% of the video measuring system market in 2017, owing to the early adoption of video measurement  technology in industries such as automotive, aerospace & defense, energy & power, electronics, and medical. Furthermore, the requirement of high accuracy and small tolerance limits in many industrial manufacturing processes may lead to the increase in the adoption of video measuring systems in North America. The video measuring system market in North America is expected to grow at a moderate rate during the forecast period, owing to technological advancements and revival of industrial growth and the overall economy.

The report profiles key players such as Hexagon (Sweden), Carl Zeiss (Germany), Faro Technologies (US), Mitutoyo Corporation (Japan), Nikon Corporation (Japan), GOM Metrology (Germany), Perceptron (US), Renishaw (UK), Zygo Corporation (US), Advantest Corporation (Japan), Wenzel Prazision (Germany), Creaform (Canada), Keyence (Japan), Vision Engineering (UK), and Carmar Accuracy Co. (Taiwan) operating in the video measuring system market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Report Code
SE 5963
Published ON
Feb, 2018
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Video Measuring System Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
ONLINE CHAT
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved