Regular Product Innovations Boost Growth in Global Optical Digitizer and Scanner Market, Finds Frost & Sullivan Enhanced product capabilities, as well as value-added support services fuel unit sales
MOUNTAIN VIEW, Calif., Dec. 18, 2012 /PRNewswire/ -- The global optical digitizer and scanner market is seeing rapid growth in unit sales based on increased end-user measurement needs, as well as greater innovation and product capabilities. To keep pace with evolving end-user requirements, equipment suppliers are consistently reinvesting in research and development. The resulting advances in probe technology, software, accuracy, and integration methods are creating further opportunities for high-end optical digitizers and scanners.
New analysis from Frost & Sullivan (http://www.testandmeasurement.frost.com), Analysis of the Global Optical Digitizer and Scanner Market, finds that the market earned revenues of over $358.3 million in 2011 and estimates this to reach $467.1 million in 2016.
If you are interested in more information on this research, please send an email to Jeannette Garcia, Corporate Communications, at email@example.com, with your full name, company name, job title, telephone number, company email address, company website, city, state and country.
"Evolving metrology needs in end-user manufacturing segments, particularly in automotive and aerospace, have generated demand for optical digitizers and scanners with better portability and speed," said Frost & Sullivan Senior Research Analyst Prathima Bommakanti. "As such, high-speed, high-throughput scanners that measure difficult geometry with touch probe accuracy are gaining popularity."
The growing shift towards non-contact probing is driving 3-D laser scanner sales. Additionally, with greater awareness, end users look for more efficient and affordable products, particularly when it comes to white-light laser scanners. Absolute measurement inline metrology equipment is preferred over relative measurement systems by these users.
Offering high-functionality solutions at lower costs, however, affects overall market revenues. Moreover, customers who are not well-versed with the advanced technologies in blue-light and white-light scanners are raising concerns over their reliability.
Furthermore, the market is also extremely price-sensitive due to the increasing number of competitors and the steady decline in prices over the last few years.
"Manufacturers are trying to mitigate price sensitivity by developing core value propositions around service level and supply chain efficiencies," said Bommakanti. "Offering software development and support services to overcome the glitches inherent in sophisticated technologies will boost adoption."
Strategic alliances with service centers will be a key market trend, as optical digitizer and scanner vendors look to expand their support portfolio.
Analysis of the Global Optical Digitizer and Scanner Market is part of the Test & Measurement Growth Partnership Services program, which also includes research in the following: World CMM Market, World Metrology Software Markets, and Global Vision Engineering Systems Market. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
- The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
- The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
Analysis of the Global Optical Digitizer and Scanner Market
SOURCE Frost & Sullivan