A video measuring system (VMS) utilizes advanced imaging technology and precision measurement algorithms, VMS allows for accurate and repeatable measurements of intricate components and objects. This technology ensures high levels of precision in dimensional analysis, facilitating the detection of minute defects and ensuring compliance with stringent quality standards. The VMS enhances efficiency by automating the measurement process, reducing human errors, and speeding up inspection times. Its importance lies in its ability to enhance product quality, increase productivity, and contribute to overall manufacturing precision, making it an indispensable tool for industries focused on precision engineering and quality assurance.
According to Data Bridge Market Research analyses the Global Video Measuring System Market which was USD 6.2 billion in 2022, is expected to reach USD 16.09 billion by 2030, and is expected to grow at a CAGR of 18.4% during the forecast period of 2023 to 2030.
"Rise in demand for precise measurement in manufacturing boosts the market growth"
The escalating demand for precision measurement in manufacturing is driven by the imperative for enhanced product quality and consistency. As industries strive for greater efficiency and competitiveness, accurate measurements play a pivotal role in ensuring components meet stringent specifications. Precision measurement technologies enable manufacturers to minimize errors, reduce waste, and optimize production processes. This heightened emphasis on precision is further fueled by advancements in technology, where innovations in sensors, metrology tools, and automation contribute to achieving unparalleled levels of accuracy.
What restraints the growth of the global video measuring system market?
“High initial investments hamper the market growth”
The high initial investment serves as a significant restraint for the global video measuring system market. The implementation of advanced video measuring systems requires substantial upfront capital for equipment acquisition, software integration, and employee training. This financial barrier hampers the widespread adoption of these systems, particularly among smaller enterprises with limited resources. The considerable upfront costs may deter potential buyers and hinder market growth, limiting the accessibility of video measuring technology to a select group of financially capable industries.
Segmentation: Global Video Measuring System Market
The global video measuring system market is segmented on the basis of offering, product type, type, and application.
- On the basis of offering, the global video measuring system market is segmented into hardware, software and services
- On the basis of product type, the global video measuring system market is segmented into manual video measuring system, automated video measuring system and semi-automated video measuring system
- On the basis of type, the global video measuring system market is segmented into 2D and 3D
- On the basis of application, the global video measuring system market is segmented into electronics, automotive, aerospace and defense, heavy machinery industry, medical and energy and power
Regional Insights: Asia-Pacific dominates the Global Video Measuring System Market
The Asia-Pacific dominates the global video measuring system market, with its influence expected to persist from 2023 to 2030. This dominance is fueled by a growing commitment among businesses in the region to leverage new and advanced technologies to enhance their operational processes. Manufacturers in the Asia-Pacific are increasingly adopting measurement advanced technology, driving the demand for video measuring systems.
To know more about the study visit, https://www.databridgemarketresearch.com/ru/reports/global-video-measuring-system-market
Recent Developments in the Global Video Measuring System Market
- In September 2021, Atlas Copco's strategic acquisition of AEP, fortifying their market presence and enhancing customization and video measurement software systems for superior customer service
- In July 2021, a significant partnership unfolded, as Nikon Corporation and Sharp Corporation inked a joint development agreement, aiming to expedite innovation in biomimetic technology and video measuring software implementation
The Prominent Key Players Operating in the Global Video Measuring System Market Include:
- 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 (U.S.)
- Dongguan Yihui Optoelectronics Technology Co., Ltd. (China)
- Sipcon (India)
- ACCU-TECH MEASUREMENT SYSTEMS (U.S.)
- OCTUM GmbH (Germany)
Above are the key players covered in the report, to know about more and exhaustive list of global video measuring system market companies contact, https://www.databridgemarketresearch.com/ru/contact
Research Methodology: Global Video Measuring System Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
