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2023

Shape Measuring Devices Market

Shape Measuring Devices Market Size, Share, Competitive Landscape and Trend Analysis Report by Type (Optical, 3D, Others), by Application (Cutting Edge, Cutting Tool, Others), by Sales Channel (In store, Online): Global Opportunity Analysis and Industry Forecast, 2021-2031

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Author's: Ganesh Nandkumar Dasturkar | Sonia Mutreja
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Shape Measuring Devices Market Research, 2031

The global shape measuring devices market size was valued at $1.3 billion in 2021, and is projected to reach $2.1 billion by 2031, growing at a CAGR of 4.6% from 2022 to 2031.A shape measuring device is an optical measuring device that uses a method called light section and includes a projection unit. It is configured to project a predetermined pattern such as slit light onto an object to be measured. It is used to measure the physical quantities such as roughness, thickness, length, and breadth of the real-world objects in physical science, quality assurance, and engineering sector. The shape measuring device actually defines the object that is in the examination.

Shape Measuring Devices Market

Market dynamics

Automation and developments in shape measuring devices are expected to drive the market. Shape measuring devices are used to check micro-level dimensions of tools that are used in the manufacturing of automotive parts, thus serving as essential component in the manufacturing industry. Thus, these devices find their major application in microprecision manufacturing industries such as steel & metal, aerospace, and defense. Moreover, key market players have been focusing on launching new product to cater to the increasing requirements of different industries. For instance, January 2023, HORIBA, Ltd. expanded its XGT-9000 series product line with the launch of its two new micro-XRF (X-ray fluorescence) analyzers, XGT-9000 Pro and XGT-9000 expert X-ray analytical microscopes. The device is specially used for fuel cells, lithium-ion batteries, pharmaceutical, and other industrial fields to detect foreign matter and develop new materials. These new capabilities contribute to processing time reductions and increased efficiency of material analysis. All these factors are expected to drive the shape measuring devices industry.

Furthermore, the development of different industries in emerging countries is driving the market. Shape measuring devices are applicable  in a variety of sectors such as the steel and metal, electronic, medical, aerospace, defense, micro precision manufacturing, and other industries. Exponential rise in population has significantly increased the demand for essential products such as electronics, home care, food, beverage and pharmaceuticals across the developing nations such as India, China, Africa, and other regions. This increase in demand for consumer products has simultaneously fueled the need of manufacturing machinery, which in turn propels the use of shape measuring devices for repair and maintenance machineries. Major players in the industry such as Bruker, HORIBA Scientific, Retsch and others are offering specialized shape measuring devices for small-scale metal fabrication industries. All such instances are expected to drive the shape measuring devices market.

Shape measurement equipment's end users are very budget minded. They want affordable shape measurement devices but are unwilling to compromise the features and quality they offer. This leads to increased pressure on the manufacturers of shape measuring devices market to lower their costs. In addition, for performing various testing and measuring tasks, a range of  equipment’s are required. Setting up testing facilities and installing shape measurement equipment both incur a considerable expense. Such instances restrain shape measuring devices market growth.

The demand for shape measuring devices decreased in the year 2020, owing to low demand from different regions due to lockdown imposed by the government of many countries. The COVID-19 pandemic has shut-down production of shape measuring devices for the end-user, mainly owing to prolonged lockdowns in major global countries. This has hampered the growth of the shape measuring devices market significantly during the pandemic. The major demand for shape measuring devices was previously noticed from giant manufacturing countries including China, U.S., Germany, Italy, and the UK which was affected by the spread of coronavirus, thereby halting demand for shape measuring devices. This is expected to lead to re-initiation of manufacturing industry at their full-scale capacities, which is likely to help the shape measuring devices market to recover by end of 2022.

Integration of IoT in shape measuring devices by key market players is expected to create ample opportunities for market expansion. Moreover, tremendous change has been observed in internet penetration globally. The emergence of the Internet of Things (IoT) and smart applications platform is an important factor for the overall growth of the manufacturing, aerospace, and other industries. In addition, key market players are focused on the development of new products to strengthen their product portfolio. For instance, in January 2023 Bruker Corporation launched its two new white-light interferometry (WLI) systems, the ContourX-1000 and NPFLEX-1000 optical profilometers. These floor-standing platforms enable faster, automated areal measurements of surface texture and roughness. Such advancements in the shape measuring devices market are expected to offer a lucrative opportunities for the expansion of the market during the forecast period.

Segmental Overview

The global shape measuring devices market is segmented into type, application, and sales channel. On the basis of type, the market is divided into optical, 3d, and others. By application, it is segregated into cutting-edge, cutting tool, and others. Depending on sales channel, it is categorized into in store, and online.

Region wise, the global Shape measuring devices market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

By type: The shape measuring devices market is categorized into optical, 3D, and others. The optical measuring instrument is a tool that performs measurements using optical principles. Triangulation is the fundamental operating concept for majority of the optical measurement equipment. In triangulation, the position of the object is ascertained by measuring the angle between the light beam and a reference line, which is directed at the object being measured. The 3D segment can be defined as X, Y, and Z dimensions of an object measured using a three-dimensional shape measuring apparatus. To determine an object's size in terms of its length, width, and height, a topographical shape measuring tool is utilized. It can also be used to determine an object's depth. The market for these devices is anticipated to be driven by the increased usage of three-dimensional metrology solutions for a variety of applications, including grinding, computerized numerical control (CNC)   machining, and assembly. The others segment includes fluorescence spectrometers, X-ray fluorescence analyzers (XRF) and others. Optical segment is expected to exhibit the largest revenue contributor during the forecast period. The other segment is expected to exhibit the highest CAGR share in the type segment in the shape measuring devices market during the forecast period.

Shape Measuring Devices Market by Type

By application: The shape measuring devices market is classified into cutting edge, cutting tool, and others. The edge of a tool's face known as the cutting edge takes material from the workpiece. Shape measuring devices are used to examine the wear and tear of tool cutting edge. A cutting tool is a pointed tool that is installed in a machine tool and used to cut materials. Several kinds of cutting tools are employed by lathes and milling machines. Diamonds can cut other hard materials due to their extreme hardness, and hence are occasionally utilized in cutting tools. Cutting Edge segment is expected to exhibit largest revenue during forecast period, and also expected to exhibit highest CAGR share in application segment in shape measuring devices market during forecast period.

Shape Measuring Devices Market by Application

By sales channel: The shape measuring devices market is divided into in store and online. The in store channel consists of traditional distribution methods that involve direct interaction between the customer and distributor. In store method is extensively used for purchase of shape measuring devices by professionals as well as other customers. Online store is a virtual store where goods & services do not require any physical space and are sold through websites. Easy accessibility and heavy discounts & offers provided by these online platforms make them a popular medium for the purchase of shape measuring devices. In addition, presently, online shopping has become a macro trend due to high internet penetration rate. Thus, online stores are gaining popularity among customers, due to convenience in shopping, continuous service, and availability of a wide range of choices. Online sales channels are platforms powered by internet that enable customers to buy products without the need to physically visit the distributor. Online sales channels are also known as e-commerce platforms.. The in store segment is expected to exhibit largest revenue share in the sales channel segment in the shape measuring devices market during forecast period. The online segment is expected to exhibit largest CAGR during forecast period.

Shape Measuring Devices Market by Sales Channel

By region: The Shape measuring devices market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In 2021, Asia-Pacific had the highest revenue in shape measuring devices market share. And LAMEA is expected to exhibit the highest CAGR during the forecast period.

Shape Measuring Devices Market by Region

COMPETITION ANALYSIS

The major players profiled in the shape measuring devices market include Alicona Imaging GmbH, Alpa Metrology S.r.l., AMETEK.Inc., Clemex, HORIBA Scientific, Obishi Keiki Seisakusho Co., QPT Innovative Technik Handels GmbH, Retsch, Scantron Industrial Products Ltd., and Smart Vision

Major companies in the market have adopted product launch, acquisition, and partnership as their key developmental strategies to offer better products and services to customers.

Some examples of acquisition and partnership in the market

In January 2023, Bruker Corporation acquired of ACQUIFER Imaging GmbH,. By means of this acquisition, its adds high-performance on-premise processing, secure storage, and networking technology that complements Bruker’s advanced fluorescence microscopy imaging products, such as light-sheet and super-resolution microscopy products, which generate high information contents.

In January 2022, CAMECA’s a business unit of AMETEK, Inc. partnered with Polytechnique Montréal. By means of this partnership , it includes the acquisition of CAMECA’s latest Atom Probe Tomography (APT) instrument – the Invizo 6000.

In August 2022, AMETEK Thailand opened a new, state-of-the-art facility in a convenient location in Bangkok that will provide enhanced support for customers throughout Southeast Asia.

In December 2022, AMETEK India, a subsidiary of AMETEK Inc., opened its new, state-of-the-art facility in Bengaluru that will provide enhanced support to its customers across India and around the world.

In January 2023, AMETEK Germany, part of AMETEK Inc., opened its new, state-of-the-art Customer Center of Excellence in Weiterstadt, Germany, that will provide enhanced support to its customers through in-person demonstrations of AMETEK innovations and solutions across major industries.

In November 2022, AMETEK, Inc. acquired two companies Navitar, Inc. and RTDS Technologies Inc. AMETEK deployed approximately $430 million on these acquisitions and acquired approximately $100 million in annual sales. By means of this acquisition, AMETEK strengthened its portfolio through the acquisition of market-leading businesses with innovative, advanced technology solutions.

In March 2022, HORIBA Europe GmbH expanded its production base for gas analyzers such as air pollution monitoring analyzers in Leichlingen. With the investment of EUR 36 million, the company focuses on improvement of process measurement technology.

The product launch and product development in the market

In January 2023, Bruker Corporation launched its two new white-light interferometry (WLI) systems, the ContourX-1000 and NPFLEX-1000 optical profilometers. These floor-standing platforms enable faster, automated areal measurements of surface texture and roughness.

In February 2023, Bruker launched its new SKYSCAN 2214 CMOS Edition, a multiscale X-ray microscope based on nano-CT (computed tomography) for industrial and academic research. With the CMOS Edition, the highly successful and proven SKYSCAN 2214 platform now incorporates the latest scientific CMOS (sCMOS) detector technology and brings cutting-edge X-ray imaging at highest resolution to the next level.

In January 2023, HORIBA, Ltd. expanded its XGT-9000 series product line with the launched of the its two new micro-XRF (X-ray fluorescence) analyzers, XGT-9000 Pro and XGT-9000 Expert X-ray Analytical Microscopes. by means of fuel cells, lithium-ion batteries, pharmaceutical, and other industrial fields to detect foreign matter and develop new materials.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the shape measuring devices market forecast analysis from 2021 to 2031 to identify the prevailing shape measuring devices market opportunity.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the shape measuring devices market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global shape measuring devices market trends, key players, market segments, application areas, and market growth strategies.

Shape Measuring Devices Market Report Highlights

Aspects Details
Market Size By 2031
Market Size By 2031

USD 2.1 billion

Growth Rate
Growth Rate

CAGR of 4.6%

Forecast period
Forecast period

2021 - 2031

Report Pages
Report Pages

220

Shape Measuring Devices Market By Type
By Type
  • Optical
  • 3D
  • Others
Shape Measuring Devices Market By Application
By Application
  • Cutting Edge
  • Cutting Tool
  • Others
Shape Measuring Devices Market By Sales Channel
By Sales Channel
  • In store
  • Online
Shape Measuring Devices Market By Region
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, UK, France, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, South Korea, India, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players
Key Market Players

Horiba Ltd, AMETEK.Inc, SmartVision S.r.l., Obishi Keiki Seisakusho Co., QPT Innovative Technik Handels GmbH, Clemex, Retsch GmbH, Scantron Industrial Products Ltd, Alicona Imaging GmbH, Alpa Metrology S.r.l.

Analyst Review

The global shape measuring devices market witnessed a huge demand in Asia-Pacific followed by Europe. The highest share of the Asia-Pacific market is attributed to increasing demand for shape measuring device in the manufacturing and automotive sectors.

The CXOs further added that integration of IoT in shape measuring devices by key market players is expected to create lots of opportunities. Moreover, tremendous change has been observed in internet penetration globally. The emergence of the Internet of Things (IoT) and smart applications platform is an important factor for the overall growth of the manufacturing industry, aerospace, and other industries. Therefore, it is predicted that all these variables would offer lucrative prospects for the growth of the worldwide shape measuring devices market during the forecast period.

The major players profiled in the Shape measuring devices market include Alicona Imaging GmbH, Alpa Metrology S.r.l., AMETEK.Inc, Clemex, HORIBA Scientific, Obishi Keiki Seisakusho Co., QPT Innovative Technik Handels GmbH, Retsch, Scantron Industrial Products Ltd, and Smart Vision.

Author Name(s) : Ganesh Nandkumar Dasturkar | Sonia Mutreja
Frequently Asked Questions?

The global shape measuring devices market was valued at $1,312.4 million in 2021, and is projected to reach $2,084.9 million by 2031, registering a CAGR of 4.6% from 2022 to 2031.

The forecast period considered for the global shape measuring devices market is 2022 to 2031, wherein, 2021 is the base year, 2022 is the estimated year, and 2031 is the forecast year.

The latest version of global shape measuring devices market report can be obtained on demand from the website.

The base year considered in the global shape measuring devices market report is 2021.

The major players profiled in the shape measuring devices market include Alicona Imaging GmbH, Alpa Metrology S.r.l., AMETEK.Inc, Clemex, HORIBA Scientific, Obishi Keiki Seisakusho Co., QPT Innovative Technik Handels GmbH, Retsch, Scantron Industrial Products Ltd., and Smart Vision.

The top ten market players are selected based on two key attributes - competitive strength and market positioning.

The report contains an exclusive company profile section, where leading companies in the market are profiled. These profiles typically cover company overview, geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.

Based on type, the optical segment dominated the market in 2021.

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Shape Measuring Devices Market

Global Opportunity Analysis and Industry Forecast, 2021-2031