Video Measuring System Market

Video Measuring System Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031

Video Measuring System Market: Introduction

Video measuring system is defined as a machine that optically amplifies the image of a part captured by a camera. The key function of the video measuring system is transformed to a video signal, which is analyzed by electronics and software so as to determine features and edges. Numerous advantages of using video measuring system include accurate measurement of profiles and surface features, accurate two-dimensional measurement of small parts, and measurement of various complex and simple features, suitable for manufacturing inspection and the shop floor and other benefits. Rising popularity of video measuring systems in defense, aerospace, and automotive sectors, which improve the measurement accuracy and overall performance of vehicles, is a major factor boosting the video measuring system market.
COVID-19 has positively impacted the volumetric video market, due to an increase in need for efficient, reliable, and precise measurement technology. This, in turn, is expected to create significant opportunities for the video measuring system market during the forecast period.

video measuring system market size and forecast

Global Video Measuring System Market: Dynamics

Global Video Measuring System Market: Key Drivers

Rise in adoption of noncontact measurement systems based on CNC, i.e. computer numerical control technology, is the major factor fueling the video measuring system market. Additionally, a rise in focus on quality control boosts the video measuring system market. Moreover, the advantage of video measurement method over conventional measurement technology and an increase in need for precise, reliable, and efficient measurement technology further propel the video measuring system market.
Implementation of precision engineering practices by manufacturers with a focus on accuracy and reliability in the manufacture of medical devices further propels the adoption of video measuring system for medical application.

Asia Pacific to Account for Major Share of Global Video Measuring System Market

In terms of region, the global video measuring system market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
The video measuring system market is anticipated to expand during the forecast period, due to a rise in rate of adoption of precise measurement advanced technologies by manufacturers in Asia Pacific. Numerous products such as satellites system components, navigation systems, electronics devices, automotive parts and components comprise several mechanical parts, most of which have tight tolerances that ought to be scrutinized before being assembled into final products. This is expected to boost the demand for video measuring systems in aerospace, automotive, and other industries. Thus, the video measuring system market in Asia Pacific is anticipated to expand significantly during the forecast period.

video measuring system market region analysis

Global Video Measuring System Market: Competitive Landscape

Key Players Operating in Global Video Measuring System Market

Providers of video measuring system are implementing development strategies to enhance their presence and consolidate their share in the market. Video measuring system providers have adopted major growth strategies such as product launches, partnerships & acquisitions, and forming regional and global distribution networks in order to increase their presence in the market.

Key players operating in the global video measuring system market include:

Advantest Corporation
Carl Zeiss
Carmar Accuracy Co.
Creaform
Dongguan Yihui Optoelectronics Technology
Faro Technologies
GOM Metrology
Hexagon
Keyence
Mitutoyo Corporation
Nikon Corporation
Octum
Perceptron
Renishaw
Sipcon Instrument Industries
Vision Engineering
Wenzel Prazision
Zygo Corporation

In April 2020, Hexagon, a provider of software, sensor, and autonomous solutions, launched automated measurement system ‘BLAZE 600A, a completely automated three-dimensional optical measurement system designed for usage with robotic installations on shop floor. It utilizes the company’s established white light scanner technology that employs blue light LED illumination to speedily provide high precision freeform surface and feature data.