Global Video Measuring System Market is expected to reach USD 839.41 Million by 2025 from USD 453.54 Million in 2017, at a CAGR of 8.1% in the forecast period 2018 to 2025.
The report also describes drivers, restraints, opportunities, and challenges impacting the growth of the video measuring system market. Apart from the in-depth view on the market segmentation, the report also includes the critical market data and qualitative information for each type, along with the qualitative analyses such as value chain analysis, market ranking analysis, competitive situations and trends, and competitive leadership mapping. The report targets the technology providers, software providers, system integrators, and end-user industries of the video measuring system market.
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The size of the video measuring system market has been estimated using both top-down and bottom-up approaches. These approaches have been used to estimate and validate the size of the market and various other dependent submarkets. Key players in the market have been identified through secondary research, and their regional market shares have been determined through primary and secondary research. This research has extensively used secondary sources, directories, and databases (such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource) to identify and collect information useful for this technical, market-oriented, and commercial analysis of the market. This entire research methodology includes the study of annual and financial reports of the top market players, as well as interviews with industry experts such as chief executive officers (CEOs), vice presidents, directors, and marketing executives, for the key qualitative and quantitative insights on the video measuring system market.
The major factors driving the growth of this market are rising concern towards quality control, increased demand for proficient, precise and specific measurement technology and advantages of video measurement technology over traditional measurement methods are the factors which will boost the global video measuring system market.
Key Points:
KEYENCE CORPORATION is going to dominate the video measuring system market following with ADVANTEST CORPORATION, FARO Technologies, Inc., Nikon Corporation ZEISS International, HEXAGON, ZYGO, Mitutoyo America Corporation, Vision Engineering Ltd, Perceptron, Inc., CREAFORM, Renishaw plc, among others.
- Cameras market is growing with the highest CAGR of 8.5%
- Hardware market is driving the market with highest market share of 57.2%
- Manual Video Measuring System segment is dominating the video measuring system market
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Market Segmentation:
- The global video measuring system market is segmented based on offering into three notable segments; hardware, software and services. Hardware segment is sub segmented into cameras, sensors, lighting system, processors and others. Services segment is sub segmented into measurement service and after-sales service. In 2017, hardware segment is likely to dominate market with 57.2% shares and is estimated to reach USD 477.33 million by 2025. It is growing at a CAGR of 8.0% in the forecast period.
- The global video measuring system market is segmented based on product type into three notable segments; manual video measuring system, automated video measuring system and semi-automated video measuring system. In 2017, manual video measuring system segment is likely to dominate market with 57.3% shares and is estimated to reach USD 469.87 million by 2025. It is growing at a CAGR of 7.8% in the forecast period.
- The global video measuring system market is segmented based on type into two notable segments; 2D and 3D. In 2017, 2D segment is likely to dominate market with 52.6% shares and is estimated to reach USD 428.93 million by 2025. It is growing at a CAGR of 7.7% in the forecast period.
- The global video measuring system market is segmented based on application into seven notable segments; electronics, automotive, aerospace and defence, heavy machinery industry, medical, energy and power and others. In 2017, electronics segment is likely to dominate market with 29.7% shares and is estimated to reach USD 246.90 million by 2025. It is growing at a CAGR of 8.0% in the forecast period.
Key Drivers:
Some of the major factors driving the market for global video measuring system are rising concern towards quality control, increased demand for proficient, precise and specific measurement technology and advantages of video measurement technology over traditional measurement methods
- High cost of video measuring related technologies are the factors which may hinder the growth of this market.
- Advent of smart factories, investment opportunities for video measuring in markets will drive the market in future.
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