Video Extensometer Market 2018-2028: Current Industry Share & Year-Over-Year Growth

With recent developments and improvements in video technology and image analysis software, manufacturers are focused on video extensometers to provide precise measurement for a number of specific applications. The growing concerns of high precision and high accuracy during the test in various sectors across the world is generating the need for the video extensometer, which is efficiently driving the video extensometer market.

The demand for video extensometer is continuously growing in the manufacturing industries, clinical research, and the laboratories due to several benefits offered by the video extensometer such as no contact with sample, high resolution, and high accuracy. There is a high need of the video extensometers for determination of physical properties of the high modulus samples such as composites, metals, high elongation materials, delicate or thin specimens, strained controlled testing, and crack opening in various laboratories and R&D. Due to this factor, the video extensometer market is expected to witness significant growth rates in the coming years.

Apart from this, there are various types of extensometer in the market, but as there are improvements in the computer software’s and the video technology, the new generation of video extensometer is widely used all over the globe is one of the significant factors which drives the growth of video extensometer market.

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Video Extensometer are an attractive replacement for contact extensometers and strain gauges

Rapid adoption of Video Extensometer is witnessed over contact extensometers owing to adverse impact of latter on test results or accuracy. Video Extensometer are used and rapidly adopted due to growing need of precise and accurate results in determination of various parameters in the samples. Manufacturers are focused on introducing advanced versions of video extensometer to improve the quality of the results offered.

For example, in 2018, IMETRUM LTD., the UK based manufacturer of the video extensometer, launched the Universal video extensometer with video analysis software, Compatibility with a wide range of test frames, and can deliver resolutions up to 3 micro strain / 10 nanometers.
For example, in 2018, Epsilon Technology Corp, the US based manufacturer of the video extensometer, launched precision optical video extensometer, with data rates up to 3000 Hz, high camera resolution for better visual ability.
These parameters are fuelling the growth of the video extensometer market across the globe.

High cost hindering the growth of the Video Extensometer Market

The critical challenge coming across the video extensometer market which is affecting the growth of the market is the high cost and high maintenance associated with the video extensometer. Also, for operating the video extensometer the skilled professional person is required. Some of these factors are affecting the growth of the video extensometer market across the globe.

Global Video Extensometer Market: Segmentation

The Video Extensometer market has been segmented on the basis of sample type, end use and region.
Segmentation of Market on the Basis of Sample type:
Metal
Ceramics
Plastics
Composites
Rubber
Textiles

Segmentation of Market on the Basis of End Use:
Mining
Clinical Research
Manufacturing
Pharmaceutical
BioPharmaceutical

Global Video Extensometer Market: Competition Landscape

Key Players
Prominent players in the global Video Extensometer market are IMETRUM LTD, Shimadzu Scientific Instruments, Tinius Olsen, Ltd., AMETEK.Inc., ADMET, Inc, Epsilon Technology Corp, Illinois Tool Works Inc, and ANALIS

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Global Video Extensometer Market: Regional Overview

On the basis of geography, the video extensometer market is segmented across North America, Latin America, Eastern Europe, Western Europe, Japan, China, SEA and others in Middle East & Africa and the Asia Pacific. North America, Germany, Japan, and Russia is estimated to capture the significant market share concerning revenue in the video extensometer market, due to increasing manufacturing industries, laboratories and the R&D in the region. Asia Pacific is also expected to witness growth in the video extensometer market during the forecast period due to rapid growth in industrialization in the region. Furthermore, Europe is also expected to capture a significant share regarding revenue in video extensometer market due to the presence of leading manufacturing industries in Europe.

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