Press release
Video Measuring System Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth
Video Measuring System
How Large Will the Video Measuring System Market Size By 2025?
In the past few years, there has been a significant expansion in the size of the video measuring system market. It is projected to escalate from $7.2 billion in 2024 to $8.07 billion in 2025, marking a compound annual growth rate (CAGR) of 12.1%. The historic growth can be linked to factors such as the rising adoption of accurate measurement, growing quality assurance requirements, the internationalization of the manufacturing sector, and multiple industrial applications.
How Big Is the Video Measuring System Market Size Expected to Grow by 2029?
Expectations are high for the video measuring system market, with considerable growth anticipated in the coming years. By 2029, the market could reach $12.44 billion, assisted by a compound annual growth rate (CAGR) of 11.4%. This impressive development during the forecast period can largely be credited to factors such as industry 4.0, intelligent manufacturing, automation and integration, enhanced software capabilities, adaptability to different environments, higher complexity of components, and a growing trend towards non-contact measurement. Future trends to watch out for during this period include ongoing advancements in camera technology, the integration of artificial intelligence, 3D measurement, better calibration methods, and customization for distinct industries.
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Which Key Market Drivers Powering Video Measuring System Market Expansion and Growth?
The growth of the video measuring system market is set to be stimulated by the increasing use of smart manufacturing. This type of manufacturing harnesses the power of computer-integrated manufacturing, high adaptability, swift design modifications, digital information technology, and flexible technical workforce training. Quality control and precision in production procedures are ensured through the use of video measuring systems in smart manufacturing settings. For example, a study by Rockwell Automation, Inc., an American industrial automation and digital transformation technology provider, showed a significant increase of 50% in the use of smart factory technology among 321 manufacturers surveyed in May 2022. Additionally, 74% of these manufacturers are either already using or planning to incorporate artificial intelligence in their operations, and 83% of industry professionals have plans for transitioning their modernization procedures to smart factories. Consequently, the progressive adoption of smart manufacturing is fueling the expansion of the video measuring system market.
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Which Emerging Trends Are Transforming the Video Measuring System Market in 2025?
Leading businesses in the video measuring system market are putting their efforts into crafting innovative products that feature superior technological solutions, such as systems for optical analysis and measurement, to fortify their market presence. These kinds of systems are a tool or group of tools that utilize optics to analyze and gauge a variety of light properties, including wavelength, intensity, and polarization state. For example, in March 2023, Germany's materialography and hardness examination firm, QATM, introduced Qeye 800. This cutting-edge system focused on meticulous inspection and measurement of samples, particularly standardized weld seam measurement and inspection. Outfitted with crucial measurement instruments like A dimension, depth burn-in, evaluation boundaries, and an inspection report complying with standards, Qeye 800 is smoothly incorporated into the user-friendly Qpix Control2 software for productive use.
What Are the Emerging Segments in the Video Measuring System Market?
The video measuring systemmarket 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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Who Are the Global Leaders in the Video Measuring System Market?
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 are the Top Profitable Regional Markets for the Video Measuring System Industry?
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.
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