DUBLIN, Feb. 16, 2018 /PRNewswire/ --
The "Video Measuring System Market by Product Type (Manual, Semi-Automated, Automated), Application (Automotive, Aerospace & Defense, Heavy Machinery, Energy & Power, Electronics, Medical), Offering, And Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The video measuring system market is estimated to be worth USD 423.0 Million in 2018 and is projected to reach USD 636.0 Million by 2023, at a CAGR of 8.5% between 2018 and 2023.
The increasing popularity of video measuring systems in automotive and aerospace & defense sectors is a major factor driving the growth of the video measuring system market.
It is also expected that the cost of video measuring systems will decrease in the next couple of years, mainly because of the declining trend in prices of major hardware components. As a result, the video measuring system market is expected to propel during the forecast period.
The video measuring system market report has been segmented on the basis of offering, product type, application, and region. Based on offering, the video measuring system market has been classified into hardware, software, and services. The hardware segment held the largest market size in 2017. Growing interest in industrial automation and enhanced quality inspection are major driving factors for the growth of the market.
Video measuring system is a much faster tool for measurement because it uses zoom optics, high-resolution color cameras, advanced LED lighting, and multiple sensors. These systems have gained tremendous popularity in recent years owing to its features of improved speed, greater accuracy, and availability of customization based on application. The market for the hardware segment is expected to grow at a substantial CAGR during the forecast period. The increasing demand for processors and data storage devices for measurement operation is the major factor that is likely to contribute to the high growth rate of the hardware market in the coming years.
A major factor restraining the growth of the video measuring system market is lack of expertise to handle video measuring system efficiently. The 3D video measurement equipment requires a high level of technical expertise depending on the vertical and type of products and components being measured for analysis or inspection. There are a limited number of video measurement experts available because of the lack of training centers or industry-specific certification courses.
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Premium Insights
5. Market Overview
6. Industry Trends
7. Video Measuring System Market, By Offering
8. Video Measuring System Market, By Product Type
9. Video Measuring System Market, By Application
10. Video Measuring System Market, By Region
11. Competitive Landscape
12. Company Profiles
- Hexagon
- Carl Zeiss
- Faro Technologies
- Mitutoyo Corporation
- Nikon Corporation
- GOM Metrology
- Perceptron
- Renishaw
- Zygo Corporation
- Advantest Corporation
- Wenzel Prazision
- Creaform
- Keyence
- Vision Engineering
- Carmar Accuracy Co.
For more information about this report visit https://www.researchandmarkets.com/research/hs66vm/global_video?w=5
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SOURCE Research and Markets
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