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The video measuring technology is employed to provide imaging obtained through automatic inspection and analysis. Video measuring systems are used in applications such as process control, automatic inspection, and robot guidance. It is comprised of large number of technologies, hardware and software manufactured goods, actions, methods, and integrated systems. Basically, it is a system of engineering that deals with computer science.
The video measuring system has a wide range of application in various industrial verticals such as automotive, aerospace & defense, heavy machinery, energy & power, electronics, medical, and others.
Increase in adoption of noncontact measurement techniques based on computer numerical control (CNC) technology is the key factor that drive the growth of the video measuring system market. Furthermore, increase in focus on quality control fuel the market growth. In addition, the benefits of video measurement technology over conventional measurement methods and rise in need for efficient, reliable, and precise measurement technology boost the growth of the video measuring system market. However, high cost associated with video measuring technology and lack of expertise to handle video measuring systems are expected to restrain the market growth.
The significant impacting factors to the growth of the video measuring system market include increase in adoption of noncontact measurement techniques based on computer numerical control (CNC) technology, rise in focus on quality control, benefits of video measurement technology over conventional measurement methods, and surge in need for efficient, reliable, and precise measurement technology. In addition, the restraining factors by which the market is influenced include high cost associated with video measuring technology and lack of expertise to handle video measuring systems efficiently. Each of these factors is anticipated to have a definite impact on the Video measuring system market during the forecast period.
The video measuring system market is highly competitive and the strategies adopted by the key players include new product launch, product development, business expansion, merger, and acquisition. For instance, in April 2018, Hexagon has launched New Automated Measurement System BLAZE 600A. BLAZE 600A is a fully automated 3D optical measurement system designed for use with robotic installations on the shop floor. Based on Hexagon’s proven white light scanner technology, BLAZE 600A combines high-resolution digital imaging technology with blue light LED illumination to rapidly deliver high-accuracy freeform surface and feature data.
The video measuring system market share is segmented based on product type, offering, application, and region. Based on product type, the market is categorized into manual, semi-automated, and automated. By offering, it is divided into hardware, software, and services. Based on application, it is segmented into automotive, aerospace & defense, heavy machinery, energy & power, electronics, medical, and others. Based on region, the market is analyzed across Europe, Asia-Pacific, North America, and LAMEA.
The major companies profiled in the global video measuring system industry include Hexagon, Carl Zeiss, Faro Technologies, Mitutoyo Corporation, Nikon Corporation, GOM Metrology, Perceptron, Renishaw, Zygo Corporation, Advantest Corporation, and others.
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Key Market Players