Press release
Emerging Video Measuring System Market Trend 2025-2034: Focus On Optical Analysis And Measurement Solutions
Video Measuring System Market Size
The market size for the video measuring system has expanded swiftly in the past few years. The market is projected to rise from $7.2 billion in 2024 to $8.18 billion in 2025, marking a compound annual growth rate (CAGR) of 13.7%. The surge during the historic period is a result of the growing acceptance of precise measurement, higher quality assurance requirements, worldwide manufacturing expansion, and varied industry applications.
In the coming years, the market for video measuring systems is set to experience significant expansion. The market is predicted to climb to $12.77 billion by 2029, with a compound annual growth rate (CAGR) of 11.8%. The expected growth during the forecast period can be credited to elements such as the advent of Industry 4.0 and smart manufacturing, heightened integration and automation, enhanced software capabilities, adaptability to environmental changes, the increasing complexity in components, and a rising emphasis on non-contact measurements. Key trends within the forecast period encompass progressions in camera technology, the incorporation of artificial intelligence, 3D measurements, refined calibration techniques, and tailored solutions for particular industries.
What Are the Key Drivers Behind the Growth of the Video Measuring System Market?
The video measuring system market is anticipated to surge owing to the increasing uptake of smart manufacturing. Incorporated with computer-integrated manufacturing, high flexibility, quick design modifications, advanced digital information technology, and comprehensive technical workforce training, smart manufacturing is a key driver for this development. Video measuring systems play a crucial role in this sector by offering precise and automated non-contact measurements, vital for quality control and accuracy in production processes. For example, in May 2022, a study by Rockwell Automation, Inc. - a US-based industrial automation and digital transformation technologies company, surveyed 321 manufacturers and found out that smart factory technology adoption soared by 50% year-on-year. It was also discovered that 74% of the manufacturers audited were either already using or preparing to incorporate artificial intelligence in their production operations. Furthermore, 83% of manufacturing professionals expressed plans to transition their modernization processes into smart factories. Thus, the increased usage of smart manufacturing is a significant factor propelling the video measuring system market.
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Who Are the Major Industry Players Fueling Video Measuring System Market Expansion?
Major companies operating in the video measuring system market report are Carl Zeiss AG, Keyence Corporation, Hexagon AB, Nikon Corporation, Advantest Corporation, Trimble Inc., Leica Geosystems AG, Cognex Corporation, Renishaw plc, Mitutoyo Corporation, 3D Systems Corporation, FARO Technologies Inc., GOM GmbH, E. Zoller GmbH & Co. KG, Accu-Tech Measurement System Ltd., Creaform Inc., Perceptron Inc., LMI Technologies Inc., Wenzel Group GmbH & Co. KG, Sipcon Instrument Industries, Vision Engineering Ltd., Zygo Corporation, Carmar Accuracy Co. Ltd., OCTUM GmbH, Dongguan Yihui Optoelectronics Technology Co. Ltd.
Which Key Developments Are Influencing the Video Measuring System Market?
Leading businesses involved in the video measuring system market are concentrating on creating cutting-edge products equipped with sophisticated technological solutions like optical analysis and measurement systems, thereby solidifying their market standing. Optical analysis and measurement systems are instruments or collections of instruments that leverage optics for analyzing and measuring various light characteristics, such as wavelength, polarization state, and intensity. For example, QATM, a company from Germany specializing in hardness testing and materialography, introduced an advanced optical analysis and measurement system known as Qeye 800 in March 2023. This product, specifically designed for meticulous inspection and measurement of specimens, emphasizes standardized weld seam measurement and inspection. Fitted with critical measuring tools like A dimension, depth burn-in, evaluation limits, and a standard-compliant inspection report, Qeye 800 integrates effortlessly with the user-friendly Qpix Control2 software for effective utilization.
How Is the Segmentation of the Video Measuring System Market Defined?
The video measuring system market covered in this report is segmented -
1) By Product Type: Manual Video Measuring System, Automated Video Measuring System
2) By Offering: Hardware, Software, Services
3) By Application: Automotive, Aerospace And Defense, Heavy Machinery, Energy And Power, Electronics, Medical, Other Applications
Subsegments:
1) By Manual Video Measuring System: Benchtop Manual Video Measuring System, Portable Manual Video Measuring System
2) By Automated Video Measuring System: CNC Video Measuring System, In-line Automated Video Measuring System, Multi-sensor Automated Video Measuring System
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What Is the Leading Region in the Video Measuring System Market?
Asia-Pacific was the largest region in the video measuring system market in 2024. The regions covered in the video measuring system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Video Measuring System Global Market Report?
- Market Size Analysis: Analyze the Video Measuring System Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Video Measuring System Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Video Measuring System Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Video Measuring System Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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