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North America Video Measuring System Market 2018: Recent Study including Growth Factors, Applications, Regional Analysis By Key Players Perceptron, FARO Technologies, Inc., Renishaw plc, Nikon Corporation and Others Forecasts 2025

07-20-2018 04:04 PM CET | IT, New Media & Software

Press release from: Data Bridge Market Research

/ PR Agency: Data Bridge Market Research
North America Video Measuring System Market

North America Video Measuring System Market

“North America Video Measuring System Market-Industry Trends and Forecast to 2025” comprehensive research report presents North America Video Measuring System market status of regional and country wise outlook from angles of competitors, products and end users, application and types in industries. North America Video Measuring System report analyzes the Drivers, Restraints, Opportunities and market size, share, Growth, Trends, and splits the North America Video Measuring System market. North America Video Measuring System Market size and forecast 2025 for these regional and country level markets are presented in this Research period 2018-2025.Market growth rates for the forecast period and estimated CAGR During 2018-2025 are also included in this report, considering 2017 as the base year.

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North America Video Measuring System Market is expected to reach USD 357.09 Million by 2025 from USD 191.85 Million in 2017, at a CAGR of 8.2% in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

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 North America video measuring system market.

North America Video Measuring System Market, By Offering (Hardware, Software, Services), Product Type (Manual Video Measuring System, Automated Video Measuring System, Semi-Automated Video Measuring System), Type (2D, 3D), Application Electronics, Automotive, Aerospace & Defence, Heavy Machinery Industry, Medical, Energy & Power), By Country (U.S., Canada, Mexico) – Industry Trends and Forecast to 2025

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Dominate By:

• Perceptron, Inc.
• FARO Technologies, Inc.,
• Renishaw plc,
• Nikon Corporation
• ZEISS International,
• HEXAGON Mining,
• ZYGO Corporation,
• Mitutoyo America Corporation,
• Vision Engineering Ltd,
• CREAFORM,
• Among others.

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Market Segmentation: North America Video Measuring System Market

• The North America 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 55.6% shares and is estimated to reach USD 197.93 million by 2025. It is growing at a CAGR of 8.1% in the forecast period.

• The North America 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 55.85% shares and is estimated to reach USD 194.41 million by 2025. It is growing at a CAGR of 7.8% in the forecast period.

• The North America 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 51.8% shares and is estimated to reach USD 179.34 million by 2025. It is growing at a CAGR of 7.8% in the forecast period.

• The North America 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 25.0% shares and is estimated to reach USD 88.61 million by 2025. It is growing at a CAGR of 8.1% in the forecast period.

Key Drivers: North America Video Measuring System Market

Some of the major factors driving the market for North America 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.

Key Points: North America Video Measuring System Market

• Cameras market is growing with the highest CAGR of 8.9%
• Hardware market is driving the market with highest market share of 55.6%
• Manual Video Measuring System segment is dominating the video measuring system market

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About Us:

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavorsto provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

Contact:

Data Bridge Market Research
Tel: +1-888-387-2818
Email: Sopan.gedam@databridgemarketresearch.com

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