Video measuring systems offer numerous benefits in industrial applications. With high precision and automated measurement capabilities, they ensure accurate analysis of dimensional features, improving component quality. Their versatility allows the measurement of various geometries, catering to diverse industries. Non-contact measurement eliminates the risk of damage to delicate parts. Furthermore, with automation enhances process control, enabling real-time measurements and efficient quality control in high-volume manufacturing. Overall, video measuring systems optimize productivity, quality, and efficiency in industrial processes.
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Data Bridge Market Research analyses that the Video Measuring System Market is expected to grow at a value of USD 1,031.79 million by 2029, from USD 541.20 in 2021 with a CAGR of around 8.40% during the forecast period from 2022 to 2029. The need for accurate and precise measurements in various industries such as automotive, aerospace, electronics, and medical is driving the demand for video measuring systems. These systems offer high-resolution imaging and advanced measurement capabilities, ensuring precise dimensional analysis of complex components.
Key Findings of the Study
The increasing complexity of components is expected to drive the market's growth rate
The increasing complexity of components in various industries necessitates advanced measurement solutions. Video measuring systems are capable of accurately measuring intricate geometries, surface profiles, and features that cannot be easily measured by traditional methods. With their high precision and advanced imaging capabilities, video measuring systems enable manufacturers to ensure the quality and dimensional accuracy of complex components, supporting the production of sophisticated and technologically advanced products.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Offering (Hardware, Software, and Services), Product Type (Manual Video Measuring System, Automated Video Measuring System, and Semi-Automated Video Measuring System), Type (2D and 3D), Application (Electronics, Automotive, Aerospace and Defense, Heavy Machinery Industry, Medical and Energy and Power),
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Hexagon (Sweden), Zeiss International (Germany), Faro Technologies Inc. (U.S.), Mitutoyo Corporation (Japan), Nikon India Pvt Ltd. (India), Perceptron, Inc. (U.S.), Renishaw plc (U.K.), Keyence Corporation (Japan), ADVANTEST CORPORATION (Japan), GOM & COMPANY. (Germany), WENZEL Group (Germany), CREAFORM (Canada), Zygo Corporation (U.S.), Vision Engineering Ltd (U.K.), CARMAR (Spain), Dongguan Yihui Optoelectronics Technology Co., Ltd. (China), Sipcon (India), ACCU-TECH MEASUREMENT SYSTEMS (U.S.), Zygo Corporation (U.S.), OCTUM GmbH (Germany) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The video measuring system market is segmented on the basis of offering, product type, type, and application
- On the basis of offering, the video measuring system market has been segmented into hardware, software and services. Software segment dominates the offering segment of the video measuring system market with a CAGR of 8.7% in the forecast period of 2022 to 2029 due to advanced measurement functionalities, data analysis, automation, and integration with other systems, enhancing the overall efficiency and capabilities of the measuring process.
In 2022, the software segment dominates the offering segment of the video measuring system market
In 2022, the software segment dominates the offering segment of the video measuring system market owing to advanced measurement functionalities, data analysis, automation, and system integration improve the measurement process' overall effectiveness and potential with a CAGR of 8.7% in the forecast period of 2022 to 2029.
- On the basis of product type, the video measuring system market has been segmented into manual video measuring system, automated video measuring system and semi-automated video measuring system. Automated video measuring system dominates the product type segment of the video measuring system market with a CAGR of 8.8% CAGR due to their ability to perform precise and fast measurements, reduce human errors, integrate with other automation systems, and streamline the measurement process, resulting in improved productivity and efficiency in the forecast period of 2022 to 2029.
- On the basis of type, the video measuring system market has been segmented into 2D and 3D. 3D is dominating in the type segment of the market with a CAGR of 8.5% due to their advanced capabilities in capturing three-dimensional data, enabling comprehensive analysis of complex geometries, precise measurements, and enhanced visualization for quality control and inspection purposes in various industries in the forecast period of 2022 to 2029.
In 2022, 3D is dominating the type segment of the video measuring system market
In 2022, 3D is dominating the type segment of the video measuring system market owing to their sophisticated three-dimensional data capture capabilities, which enable thorough analysis of complex geometries, accurate measurements, and improved visualization for quality control and inspection purposes across a variety of industries with a CAGR of 8.5% in the forecast period of 2022 to 2029.
- On the basis of application segment of video measuring system market is segmented into electronics, automotive, aerospace and defense, heavy machinery industry, medical, energy and power and others. Automotive dominate the application segment of the video measuring system market with a CAGR of 8.9% in the forecast period of 2022 to 2029 due to the need for precise measurement and inspection of complex components, ensuring quality control and compliance with safety standards in vehicle manufacturing processes.
Major Players
Data Bridge Market Research recognizes the following companies as the major video measuring system market players in video measuring system market are Renishaw plc (U.K.), Keyence Corporation (Japan), ADVANTEST CORPORATION (Japan), GOM & COMPANY. (Germany), WENZEL Group (Germany), CREAFORM (Canada), Zygo Corporation (U.S.), Vision Engineering Ltd (U.K.)
Market Development
- In 2020, Hexagon, a provider of software, sensor, and autonomous solutions, launched automated measurement system ‘BLAZE 600A, a completely automated three-dimensional optical measurement system designed for usage with robotic installations on shop floor.
Regional Analysis
Geographically, the countries covered in the video measuring system market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
Asia-Pacific is the dominant region in the video measuring system market during the forecast period 2022-2029
Asia-Pacific region is dominating in the video measuring system market can be attributed to several factors. There is a growing trend of adopting new and advanced technologies to streamline business processes and improve operational efficiency. Additionally, manufacturers in the region are increasingly recognizing the importance of precise measurement techniques for ensuring product quality and meeting customer demands. This, coupled with the region's robust manufacturing sector, contributes to the continued growth and dominance of the video measuring system market in Asia-Pacific.
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