Forecast Period 
Market Size (Base Year) 
Market Size (Forecast Year)
CAGRASEAN Video Measuring System Market, By Component (Hardware and Software), Product Type (Manual Video Measuring System, Automated/CNC Video Measuring System, and Semi-Automated Video Measuring System), Type (2D, 3D, and 2.5D), Sample Weight (More than 40 Kgs, 21 Kgs-40 Kgs, and Up to 20Kgs), Power Source (More than 120 V and Upto 120 V), Portability (Desktop and Portable), Magnification (More than 20X, 10X-20X, 3X-10X, and Less than 3X), Microscopy Technique (Confocal Optics and Brightfield Optics), Application (Product Quality Control, Certification & Inspection, Dimensional Measurement, Reverse Engineering, and Others), Vertical (Electronics, Automotive, Aerospace and Defence, Heavy Machinery Industry, Medical, Energy and Power, and Others) – Industry Trends and Forecast to 2031.
ASEAN Video Measuring System Market Analysis and Insights
The ASEAN video measuring system market is experiencing robust growth, driven by the increasing adoption of video measuring systems in various industries. Additionally, rising need for accurate and precise measurements of complex and intricate parts and components. One notable opportunity within this landscape is the emergence of new applications and sectors that can benefit from video measuring systems. The market is poised for continued expansion, with the convergence of virtualization and intelligent technologies opening new avenues for innovation and growth.
Data Bridge Market Research analyzes that the ASEAN video measuring system market is expected to reach USD 109,925.15 thousand by 2031 from USD 68,458.75 thousand in 2023, growing with a substantial CAGR of 6.1% in the forecast period of 2024 to 2031.
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Report Metric |
Details |
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Forecast Period |
2024 to 2031 |
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Base Year |
2023 |
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Historic Years |
2022 (Customizable to 2016–2021) |
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Quantitative Units |
Revenue in USD Thousand |
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Segments Covered |
Component (Hardware and Software), Product Type (Manual Video Measuring System, Automated/CNC Video Measuring System, and Semi-Automated Video Measuring System), Type (2D, 3D, and 2.5D), Sample Weight (More than 40 Kgs, 21 Kgs-40 Kgs, and Up to 20Kgs), Power Source (More than 120 V and Upto 120 V), Portability (Desktop and Portable), Magnification (More than 20X, 10X-20X, 3X-10X, and Less than 3X), Microscopy Technique (Confocal Optics and Brightfield Optics), Application (Product Quality Control, Certification & Inspection, Dimensional Measurement, Reverse Engineering, and Others), Vertical (Electronics, Automotive, Aerospace and Defence, Heavy Machinery Industry, Medical, Energy and Power, and Others) |
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Countries Covered |
India, Singapore, Thailand, Indonesia, Malaysia, Philippines, Vietnam, and Rest of Asia-Pacific |
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Market Players Covered |
Mitutoyo Corporation, Zeiss Group, QES GROUP BERHAD, Nikon Corporation, Sipcon, ACCU-TECH MEASUREMENT SYSTEMS, Hexagon AB, KEYENCE CORPORATION, Amtek Inc. WENZEL Group, Dynascan Inspection Systems Company, Quality Vision International, Radical Scientific Equipments Pvt. Ltd., Vision Engineering Ltd, SINOWON INNOVATION METROLOGY MANUFACTURE LIMITED., Rational Precision Instrument, Banbros Engineering Pvt. Ltd. and among others |
Market Definition
The ASEAN video measuring system market refers to the collective landscape within the Association of Southeast Asian Nations (ASEAN) region, encompassing the demand, supply, and trade of video measurement systems. It includes the deployment, sales, and adoption of these systems across various industries such as manufacturing, automotive, aerospace, electronics, healthcare, and research and development facilities within ASEAN member countries, comprising Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. This market involves the manufacturing, distributing, and using advanced video measurement technologies for precision, accuracy, quality control, and inspection purposes across diverse industrial sectors within the ASEAN economic region.
ASEAN Video Measuring System Market Dynamics
This section deals with understanding the market drivers, opportunities, restraints, and challenges. All of this is discussed in detail below:
Driver
- Increasing Adoption of Video Measuring Systems in Various Industries
Industries ranging from automotive and aerospace to electronics and medical are increasingly turning to advanced technologies for their quality control, inspection, and testing needs in the constant search for accuracy and excellence. The transformative shift towards video measuring systems has emerged as indispensable instruments, offering unparalleled accuracy, speed, and versatility. Measurement technologies have been taken into consideration in recent years. In the manufacturing sector huge numbers of products are manufactured each day. Each part of the product must be produced as per precise specifications to confirm the quality of the finished product.
Opportunity
- Video Measuring’s Potential in Emerging Applications and Sectors
Initially confined to manufacturing and quality control processes, these systems have evolved, opening up new frontiers and opportunities in diverse applications and sectors. Video measuring systems are playing a crucial role in the realm of 3D printing. With the demand for intricate and precise components rising, these systems offer a non-contact measurement solution, ensuring the accuracy of complex 3D-printed objects. From prototyping to mass production, video measuring systems contribute to the efficiency and reliability of the entire 3D printing process.
Restraints /Challenges
- Lack of Skilled and Trained Personnel
Video measuring systems have emerged as indispensable tools in various industries, offering precise and efficient measurement solutions. These systems play a crucial role in quality control, research and development, and manufacturing processes. However, a significant challenge looms over the seamless operation and maintenance of these sophisticated systems—the glaring shortage of skilled and trained personnel. Despite the widespread adoption of video measuring systems, a critical obstacle hinders their optimal functioning—the scarcity of skilled and trained personnel who can operate and maintain these systems effectively. The intricacies involved in handling advanced measurement technology necessitate a workforce equipped with a deep understanding of the systems' complexities.
- High Initial Cost and Maintenance Expenses of Video Measuring Systems
Video measuring systems have emerged as indispensable tools, offering unparalleled accuracy and efficiency. However, adopting these cutting-edge technologies comes with its fair share of challenges, chief among them being the high initial cost and maintenance expenses. One of the primary barriers to entry for organizations into video measuring systems is the high initial investment required. These systems employ advanced optics, high-resolution cameras, and sophisticated software, resulting in a significant upfront cost. Small and medium-sized enterprises (SMEs), in particular, may find it challenging to allocate such substantial resources to acquire these systems, potentially limiting their ability to compete on a level playing field.
Recent Developments
- In October 2023, Mitutoyo Corporation revolutionized measurement productivity with its QV Vision Pro Series, unveiling advanced features that reshaped the landscape of vision measurement. The StrobeSnap vision measuring function accelerated quality run time by 35 to 45 percent, surpassing competitors. Achieving remarkable throughput and high-precision measurements, the autofocus on the QV Pro Series operated 39 percent faster than its predecessors, maintaining unparalleled accuracy. The innovative enhancements mark a significant leap forward in vision measurement technology and benefit the company to meet the customer's needs, resulting in increased revenue
- In August 2023, QES GROUP BERHAD earned recognition in Forbes Asia's prestigious 'Best Under A Billion' list, joining eight other Malaysian companies. This annual compilation features 200 Asia-Pacific public companies with revenues below US$1 billion, demonstrating sustained growth in both top and bottom lines. The inclusion in this esteemed list is a testament to QES GROUP BERHAD financial stability and consistent performance. The acknowledgment from Forbes Asia not only boosts the company's reputation but also underscores its ability to navigate and thrive in a competitive market, reflecting positively on its overall business resilience and strategic management
- In June 2023, Nikon Corporation enhanced its video measuring software with an automated edge-setting function, streamlining operability. The upgrade allowed operators to quickly specify approximate edges for measurement on the component image. The software then autonomously pinpointed precise feature positions, facilitating efficient manual selection of the correct edge from suggested options. This has helped the company to compete with the competitors
- In February 2022, AMETEK Inc. launched the innovative DF3 Series digital force gauges, featuring a user-friendly design, large color display, and intuitive interface. It has time-saving features such as test setup, auto-save, and extended battery life, enhancing efficiency in force testing. The gauge supports various functions for comprehensive measurement capabilities. This has helped the company to diversify its product portfolio
- In August 2021, Hexagon AB revealed the HP-L-10.10, a groundbreaking non-contact laser sensor for Coordinate Measuring Machines (CMMs). The "no compromise" CMM laser scanning by Hexagon's Manufacturing Intelligence division promises manufacturers a 70% faster inspection process with ultra-high accuracy. This innovation allows dimensional measurements comparable to tactile probing and quicker inspections of nearly any surface. This has helped the company expand its product portfolio and meet customers' demands
ASEAN Video Measuring System Market Scope
The ASEAN video measuring system market is segmented into ten notable segments which are based on the component, product type, type, sample weight, power source, portability, magnification, microscopy technique, application, and vertical. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the differences in your target markets.
Component
- Hardware
- Software
On the basis of component, the market is segmented into hardware and software.
Product Type
- Manual Video Measuring System
- Semi Automated Video Measuring System
- Automated /CNC Video Measuring System
On the basis of product type, the market is segmented into manual video measuring system, semi-automated video measuring system, automated /CNC video measuring system.
Type
- 2D
- 3D
- 2.5D
On the basis of type, the market is segmented into 2D, 3D, and 2.5D.
Sample Weight
- More than 40 kgs
- 21 kgs-40 kgs
- Up to 20kgs
On the basis of sample weight, the market is segmented into more than 40 kgs, 21 kgs-40 kgs, and up to 20kgs.
Power Source
- More than 120V
- Upto 120V
On the basis of power source, the market is segmented into more than 120V and upto 120V.
Portability
- Desktop
- Portable
On the basis of portability, the market is segmented into desktop and portable.
Application
- Product Quality Control
- Certification & Inspection
- Dimensional Measurement
- Reverse Engineering
- Others
On the basis of application, the market is segmented into product quality control, certification & inspection, dimensional measurement, reverse engineering, and others.
Vertical
- Electronics
- Automotive
- Aerospace and Defence
- Heavy Machinery Industry
- Medical
- Energy and Power
- Others
On the basis of vertical, the market is segmented into electronics, automotive, aerospace and defence, heavy machinery industry, medical, energy and power, and others.
Magnification
- More than 20x
- 10x-20x
- 3x-10x
- Less than 3x
On the basis of magnification, the market is segmented into more than 20x, 10x-20x, 3x-10x, and less than 3x.
Microscopy Technique
- Confocal Optics
- Brightfield Optics
On the basis of microscopy technique, the market is segmented into confocal optics and brightfield optics.
ASEAN Video Measuring System Market Regional Analysis/Insights
The ASEAN video measuring system market is segmented into ten notable segments which are based on the component, product type, type, sample weight, power source, portability, magnification, microscopy technique, application, and vertical.
The countries covered in this market report are India, Singapore, Thailand, Indonesia, Malaysia, Philippines, Vietnam, and Rest of Asia-Pacific.
The India is expected to dominate the ASEAN region because of growing pool of tech talent, innovation focus, digital market, government support, cost-effectiveness, and addressing local needs make it appealing for video measurement technologies.
The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of regions brands and their challenges due to large or scarce competition from local and domestic brands and the impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and ASEAN Video Measuring System Market Share Analysis
The ASEAN video measuring system market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in R&D, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product approvals, product width and breadth, application dominance, and product type lifeline curve. The above data points only relate to the company’s focus on the market.
Some of the major players operating in the market are Mitutoyo Corporation, Zeiss Group, QES GROUP BERHAD, Nikon Corporation, Sipcon, ACCU-TECH MEASUREMENT SYSTEMS, Hexagon AB, KEYENCE CORPORATION, Amtek Inc. WENZEL Group, Dynascan Inspection Systems Company, Quality Vision International, Radical Scientific Equipments Pvt. Ltd., Vision Engineering Ltd, SINOWON INNOVATION METROLOGY MANUFACTURE LIMITED., Rational Precision Instrument, Banbros Engineering Pvt. Ltd. and among others.
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