Global Video Measuring System Market (2023-2028) Competitive Analysis, Impact of Covid-19, Ansoff Analysis

The Global Video Measuring System Market is estimated to be USD 653.23 Mn in 2023 and is expected to reach USD 1024.13 Mn by 2028 growing at a CAGR of 9.41%

Market Dynamics

The Global Video Measuring System Market is driving the growing adoption of contactless measuring techniques based on CNC (Computer Numerical Control) Technology by various industries, especially automotive and defense sectors, and increasing focus towards quality control is fuelling the growth of the market. Additionally, the video measuring system has an advantage over conventional measuring methods, and the increasing need for reliable, precision, and efficient measurement technology are the factors driving the market's growth. On the other hand, the high cost of video measuring technology and the lack of training centers. The skilled professional in handling the video measuring system efficiently, as the system requires technical expertise for analysis and inspection based on product, components, and verticals, are the factors restricting the market’s growth.

Furthermore, the growing adoption of industry 4.0 or smart factories and rising wages will help in increasing investment in developing countries. They could further create opportunities for the market to grow in the forecasted period. Moreover, video measuring systems lack simplified solutions and are less efficient in measuring 3D Images. These are the significant challenges in the growth of the market.

Market Segmentation

• The Global Market is segmented further based on Application Type, Product Type, Type, Offering Type, and Geography.
• By Application Type, the market is classified into Automotive, Aerospace & Defence, Electronics, Energy & Power, Heavy Machinery Industry, Medical, and Others.
• By Product Type, the Video Measuring System market is classified into Manual, Semi-Automated, and Automated/CNC.
• By Type, the Video Measuring System market is classified into 2D and 3D.
• By Offering Type, the Video Measuring System market is classified into Hardware, Software, and Services
• By Geography, Asia Pacific is projected to lead the market.

Recent Developments

1. Atlas Copco acquired AEP to strengthen their capabilities for the growing market and better serve their customers- September 28, 2021
2. Nikon Corporation signs joint development agreement with Sharp Corporation to accelerate innovation in the implementation technology of biomimetics-July 20, 2021
3. Bruker Corporation partnerships with Cambridge Isotope Laboratories for the expansion of LabScape® Portfolio of Nuclear Magnetic Resonance(NMR) Solutions-May 29, 2021

Company Profiles

Some of the companies covered in this report are Advantest Corporation, AMETEK, Inc, Atlas Copco, Carl Zeiss AG, FARO Technologies, Inc, Hexagon AB, Keyence Corporation, Mitutoyo Corporation, Nikon Corporation, and Renishaw plc, etc.

Countries Studied

• America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
• Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
• Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
• Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Video Measuring System Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the Proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market