The surface roughness measurement (SRM) market is expected to grow from USD 766 million in 2019 to USD 998 million by 2025, at a CAGR of 4.5% during the forecast period. Growing requirement for improving product quality and manufacturing process to drive the SRM market during the forecast period .The geometric and material properties of the surfaces significantly affect friction, wear, fatigue, corrosion, electrical conductivity, and thermal conductivity of the materials. Moreover, machined components have tight tolerance levels; hence, there is a need to keep the surface roughness within the controllable limits. Thus, surface finish measurement and inspection is essential and helps control the manufacturing processes to ensure that the surface will function as desired.
Contact Technique to hold the largest market size by 2019

The contact technique held the largest share of the SRM market in 2019. The growth of the market for contact technique can be attributed to the increase in adoption contact type probes for quality control application in automotive and aerospace & defense industries. Also, the contact technique provided optimum level of accuracy in terms of measurement of specific characteristics of component surface and in quality control application than non-contact technique.

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The market for software to grow at the highest CAGR during the forecast period

Software, along with hardware, is used to extract the pattern from the captured image of the examining surface, match it with the predefined requirement, and make the decision to approve or disapprove the component. Software tools are combined with the hardware to automatically perform location analysis, flaw detection, abnormalities in surface finish and symbol recognition, among others. Each manufacturer provides its own software solution, along with machines for data computation. Software accounted for a share of the SRM market, by component, in 2019.
The market in APAC is expected to grow at a significant rate during 2019–2025

APAC is expected to grow at the highest CAGR during forecast period. Rapid technological developments and increased adoption of automation in the automotive industry is the key factor driving the growth of the market in APAC. The continuous increase in the demand for automation has been recognized by Chinese industries and the government. The SRM market in China is dominated by the automotive industry. OEMs are seeking to improve production in automotive manufacturing through quality checks and component inspection, which, in turn, is expected to drive the market growth in China. China has the world's largest automotive manufacturers and a leading producer of consumer electronics.
Key Market Players

The major value to SRMMs is added by component suppliers and OEMs. CARL Zeiss AG (Germany)), Mitutoyo Corporation (Japan), Starrett (US), Mahr (Germany), Tokyo Seimitsu Co., Ltd. (Japan), Hexagon AB (Sweden), JENOPTIK AG (Germany), EXTECH (US), Wenzel (Germany), Taylor Hobson (UK), Faro Technologies(US), Nikon Corporation (Japan), KEYENCE Corporation (Japan),The Sempre Group (UK), Alicona Imaging GmbH (Austria), Kosaka laboratory Ltd (Japan), KRÜSS GmbH (Germany), Zygo Corporation (US), Horiba Ltd (Japan) and Fowler (US) are some of the major companies dominating the SRM market.

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