Global Video Measuring System Market is expected to reach USD 839.41 million by 2025 from USD 453.54 Million in 2017, at a CAGR of 8.1% 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.
Market Segmentation: Global Video Measuring System Market
• The global 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 57.2% shares and is estimated to reach USD 477.33 million by 2025. It is growing at a CAGR of 8.0% in the forecast period.
• The global 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 57.3% shares and is estimated to reach USD 469.87 million by 2025. It is growing at a CAGR of 7.8% in the forecast period.
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Key Points: Global Video Measuring System Market
KEYENCE CORPORATION is going to dominate the video measuring system market following with ADVANTEST CORPORATION, FARO Technologies, Inc., Nikon Corporation ZEISS International, HEXAGON, ZYGO, Mitutoyo America Corporation, Vision Engineering Ltd, Perceptron, Inc., CREAFORM, Renishaw plc, among others.
• Cameras market is growing with the highest CAGR of 8.5%
• Hardware market is driving the market with highest market share of 57.2%
• Manual Video Measuring System segment is dominating the video measuring system market
KEYENCE CORPORATION:
Founded in 1974 and headquartered in Osaka, Japan. Keyence Corporation is engaged in manufacturing sensors, measuring systems, laser markers, microscopes, and machine vision systems.
The company has its products UL certified, CSA certified, FDA accession and CE marking. The company is present in more than 45 countries globally. Keyence Corporation has over 200 offices and serves more than 200,000 customers in 100 countries
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ADVANTEST CORPORATION:
Founded in 1954 and headquartered in Tokyo, Japan, Advantest Corporation manufactures and sells semiconductor and component test system products and mechatronics-related products.
The company has various business segments namely semiconductor and component test system; mechatronics system; and services, support and others.
The company has its global presence in Europe, U.S.A, Singapore, Japan, Korea, and Taiwan.
FARO Technologies Inc:
Founded in 1981 and headquartered in Florida, U.S, Faro Technologies Inc. designs, develops, manufactures, sells and supports software driven, 3D measurement, imaging, and realization systems. The company operates through numerous products and solutions.
The company has its manufacturing facility and research & development division located in Pennsylvania, U.S. Faro Technologies operates in the U.S., Mexico, Brazil, Germany, U.K, France, Spain, Italy, Poland, Turkey, Netherlands, Switzerland, India, China, Malaysia, Thailand, South Korea, Australia and Japan. :
Recent Developments:
In April, 2018, Faro Technologies Inc. launched CAM2 2018 software. The device mainly provides faster measurement results for 3D object/component. This product launch, significantly sustained the company’s product portfolio. This device is mainly used in automotive, aerospace, machine tools and metal fabrication industries.
Nikon
Nikon Metrology NV was founded in 1917 and headquartered in New York, U.S. The company is engaged in marketing and distribution of digital imaging, precision optics, and photo imaging technology solutions.
The company has its global presence in U.S., Europe, Asia, Oceania an Africa. The company has more than 40 subsidiaries across the globe. Some of them are Nikon Imaging Japan Inc. (Japan), Nikon Canada Inc. (U.S), Nikon GmbH (Germany) and among others.
Recent Developments:
1. In March, 2014, Nikon Metrology launched iNEXIV VMA-4540V and 4540. These products are capable of offering easy operation and permit the measurement of large as well as tall mechanical parts.
2. In September, 2016, Nikon Metrology launched NEXIV VMZ-R3020 and NEXIV VMZ-R6555. They assist in correctly measuring the dimensions as well as shapes having high-density and multi-layered electronic components. This launch will help the company by expanding its product line Offering.
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