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Market Overview of Global CNC Video Measuring market:
According to our latest research, the global CNC Video Measuring market looks promising in the next 5 years. As of 2022, the global CNC Video Measuring market was estimated at USD 92.11 million, and it's anticipated to reach USD 137.48 million in 2028, with a CAGR of 6.9% during the forecast years.
Computer Numerical Control (CNC) video measuring systems achieve non-contact, automatic measurements based on images captured by CCD cameras. To measure with accuracy, the workpiece edge and its coordinates must be detected properly. Furthermore, the use of TTL laser AF supports the measurement of height and cross-section forms.
Influence of COVID-19 Outbreak on CNC Video Measuring Industry Development.
The impact of COVID-19 has greatly affected the manufacturing and industrial prospects. In terms of production and stimulus, the growth momentum of new orders and manufacturing capacity has declined. Strict government policies and regulations of local and national governments restrict the flow of suppliers, production facilities and finished products. For CNC video measuring suppliers, this situation becomes very challenging.
The COVID-19 epidemic has affected the CNC video measuring market. This is due to supply chain issues. Due to the sharp decline in demand for goods, the economy has weakened. Due to the pandemic, the shortage of raw materials, the decline in exports and the interruption of the supply chain, the output of all sectors has fallen. This is the key factor leading to the reduction of CNC video measuring manufacturing.
Market Drivers of CNC Video Measuring
The increasing application of CNC video measuring in the medical industry, such as machine alignment, rapid prototyping, first article inspection, part verification and reverse engineering, is expected to drive the growth of the CNC video measuring market during the forecast period. In addition, manufacturers have adopted precision engineering practices that focus on accuracy and reliability in the manufacture of medical equipment, which has led to an increase in the growth of the CNC video measuring market for medical applications.
Market Limitations of CNC Video Measuring
The CNC video measuring industry has a lot of room for development in the future, and many countries have a lot of policy support at the macro-control level, which will inevitably lead to the continuous influx of industrial capital into this field. Although CNC video measuring has a high technical threshold, in the long run, knowledge spillover and competitors' continuous R&D investment will inevitably lead to an increase in competing manufacturers and intensified competition in the industry.
In addition, artificial intelligence is a necessary field for future industrial development, and its technological evolution will continue to accelerate. The competition between CNC video measuring company and other manufacturers in the industry is essentially a competition of technical strength and service capabilities. If the technical level of the CNC video measuring company cannot respond to the new needs of customers in a timely manner or the competing companies can provide more stable, accurate and systematic CNC video measuring products, this will limit the development of CNC video measuring companies.
Market Opportunities of CNC Video Measuring
Manufacturers in Southeast Asia are increasingly adopting advanced precision measurement technology, focusing on the accuracy and reliability of finished products, which is expected to promote the growth of the CNC video measuring market in Southeast Asia. Many industrial products, such as auto parts, electronic equipment, satellite system components and navigation systems, contain thousands of mechanical parts, most of which have strict tolerances and need to be inspected before being assembled into the final product. This may increase the demand for CNC video measuring in the automotive, aerospace and other industries. Therefore, during the forecast period, CNC video measuring is expected to achieve rapid growth in Southeast Asia. This brings more development opportunities to the CNC video measuring market.
Region Overview:
Indonesia had the highest growth rate of all regions.
Company Overview:
Nikon is one of the major players operating in the CNC Video Measuring market, holding a share of 16.96% in 2020.
Nikon Inc. is involved in a broad spectrum of businesses centered around specializations in imaging products, optics, precision equipment, and instruments. For more than 100 years, Nikon has consistently moved the photography, imaging and optics industry forward, discovery by discovery and product by product.
Optical Gaging Products began in 1945 manufacturing optical comparators, charts, and fixtures. With rapid growth of that business, OGP became a global leader in optical inspection technologies.
Segmentation Overview:
Among different product types, Vertical segment is anticipated to contribute the largest market share in 2027.
Application Overview:
By application, the Electronic segment occupied the biggest share from 2017 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global CNC Video Measuring market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global CNC Video Measuring Market Report:
Market Size Estimates: CNC Video Measuring market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: CNC Video Measuring market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the CNC Video Measuring market
Segment Market Analysis: CNC Video Measuring market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: CNC Video Measuring market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the CNC Video Measuring Market: Revenue and sales volume of major countries in each region
CNC Video Measuring Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the CNC Video Measuring market in major regions.
CNC Video Measuring Industry Value Chain: CNC Video Measuring market raw materials & suppliers, manufacturing process, distributors, downstream customers
CNC Video Measuring Industry News, Policies & Regulations
Key players in the global CNC Video Measuring market are covered in Chapter 12:
Mahr GmbH
Carmar Technology
OGP (Optical Gaging Products)
Mitutoyo
Dongguan Yihui
Bowers Group
Keyence
Nikon
Micro Vu
In Chapter 2 and Chapter 15.1, based on types, the CNC Video Measuring market from 2018 to 2028 is primarily split into:
Horizontal
Vertical
In Chapter 3 and Chapter 15.2, based on applications, the CNC Video Measuring market from 2018 to 2028 covers:
Mechanical
Electronic
Injection Molding
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the CNC Video Measuring market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028