Global Electronic Height Gauge Market - 2023-2030

Global Electronic Height Gauge Market - 2023-2030

Global Electronic Height Gauge Market reached US$ 0.6 billion in 2022 and is expected to reach US$ 0.9 billion by 2030, growing with a CAGR of 3.7% during the forecast period 2023-2030.

Many connected measurement solutions are required as more sectors adopt Industry 4.0 and the Internet of Things ideas. Electronic height gauges that are connected to the Internet of Things can exchange data in real time, analyze things from a distance and collaborate with other digital systems. Electronic height gauges that are small and simple to move around and use in various locations are becoming increasingly popular.

The trend is being pushed by the demand for continuous data integration, automation and process optimisation in manufacturing and quality control operations. In accordance to the International Data Corporation's, global semiannual Internet of Things Expenditure Guide, Internet of Things spending in Europe surpassed US$ 202 billion in 2021. It is expected to rise by double digits until 2025.

Companies are producing portable height gauges using lightweight materials, making them easier to use and offering battery-powered choices to fulfil market demand. Based on Cisco's Annual Internet Report, by 2023, there will be approximately 30 billion network-connected devices and services. By 2023, machine-to-machine connectivity will account for 50% (14.7 billion connections) of all connected devices and connections globally. It is anticipated to fuel the demand for electronic height gauges.

North America is the second-dominant region in the global electronic height gauge market covering more than 1/4th of the market in 2022. The manufacturing industry in U.S. is undergoing significant expansion as new technologies and international standards enter the market. Moreover, manufacturers are focusing on increasing productivity, lowering costs and improving the effectiveness of their supply chain networks. As a result, they are employing technologies such as electronic height gauges, which is driving market expansion.

Dynamics

Rising Quality Control Measures

In many sectors, measuring height is a crucial aspect of quality control and inspection. The electronic height gauge's excellent precision and digital display make it simple to obtain accurate readings that can be used to verify product quality and ensure it fulfils standards and specifications. As the importance of quality control and inspection grows, so does the demand for precise measuring tools such as electronic height gauges.

Electronic height gauges are equipped with automation capabilities and digital displays that help to speed up the inspection process. Reduced inspection time can be critical for manufacturers wanting to increase productivity without sacrificing quality. Manufacturers are under pressure to create high-quality items as consumer expectations for product quality rise. Electronic height gauges help to achieve these expectations by assuring that components and products fit the dimensional specifications.

Growing Demand for Efficiency and Precision Measurement

Electronic height gauges can gauge things faster and more accurately than traditional height gauges. The digital readout eliminates the need to manually read and interpret measurements, lowering the possibility of errors. Furthermore, characteristics like as data output and networking enable measurement data to be sent directly to computer systems. It reduces the need to manually enter data and speeds up the entire measurement procedure.

People like electronic height metres because they help them be more efficient and save time. Precise measurements are becoming increasingly crucial in a variety of fields. It is a fantastic choice for applications requiring accuracy as it is accurate and can be used repeatedly. Some industries, such as automotive, aerospace, electronics and medical devices, require precise height measurements to ensure that their products are of high quality and fulfil industry requirements.

High Costs and Technological Complexity

Electronic height gauges are more expensive to purchase than traditional height gauges. It can be an issue for small and medium-sized organisations with limited finances, particularly those that do not require extremely accurate height measurements immediately or frequently. Due to their high cost, electronic height gauges may not be widely used in various areas.

While technical advancements have made electronic height metres more useful, they can also make them more difficult to operate. It can be a struggle to grasp and use all of the features and capabilities of these high-tech gadgets. Some users can be unable to fully utilise the technology because they lack the necessary training or technical understanding.

Segment Analysis

The global electronic height gauge market is segmented based type, end-user, application and region.

Growing Demand for Highly Accurate Tool Drives Machining Application Growth

Machining application is expected to drive the market by holding a share of about 1/3rd of the global market in 2022. Vehicles, planes and other types of manufacturing equipment are created in the workshops. The expansion of industries has increased the demand for production, which is generating significant increase in machining tools.

The Indian government has shortlisted 11 towns to deploy electric vehicles for public transport under the 'Electric Vehicles in India' and 'Faster Adoption and Manufacturing of (Hybrid)' initiatives. The growing need for highly accurate and high-quality vital components from the medical and aerospace industries is driving the expansion of machining applications.

Geographical Penetration

Ongoing Technological Advancements and R&D in Asia-Pacific

During the forecast period, Asia-Pacific is the dominant region in the global electronic height gauge market covering more than 1/3rd of the market. The expansion is attributed to the region's automotive and manufacturing industries, as well as increasing technological breakthroughs. With the Made in China 2025 plan allowing for the return of manufacturing to China, Southeast Asian countries are under pressure to assess and mitigate the risk of labour issues and Industry 4.0 is currently influencing demand for electronic height gauges.

China, India and Japan are the primary countries driving the region's electronic height gauges market expansion, along with significant funding from Asia-Pacific governments for R&D and large industrial bases. The Ministry of Industry and Information Technology of China announced in November 2022 that it had approved the development of three new national manufacturing innovation centres. Furthermore, they stated that these centres would focus on essential generic technologies and boost technological R&D in these areas.

Competitive Landscape

The major global players in the market include Starrett, Mitutoyo Corporation, Mahr GmbH, TESA Brown & Sharpe, Sylvac SA, Leader Precision Instrument, TRIMOS, MSI-Viking, Alpa Metrology and Accurate Gauging.

COVID-19 Impact Analysis

The electronic height gauge market, like many others, may have faced supply chain interruptions. Manufacturing sites globally were shut down or reduced capacity, causing production and distribution delays. As firms faced financial concerns and disruptions, demand for non-essential items and machinery, particularly electronic height gauges, may have suffered.

Aerospace and automotive industries, which have been poorly impacted by lockdowns and restrictions, have decreased their equipment investments. On the plus side, the pandemic has expedited the use of digital technologies and Industry 4.0 solutions across a wide range of industries. Businesses have recognized the value of digital instruments, such as electronic height meters, in increasing productivity and streamlining procedures.

AI Impact

Artificial intelligence-powered electronic height gauges can automate measuring and inspection processes. Machine learning algorithms can be trained to recognize patterns and deviations, making measurements faster and more precise. The use of AI into electronic height gauges coincides with Industry 4.0 principles, supporting smart and connected manufacturing environments. The integration can help to make the production system more agile and responsive.

For example, the Chinese government has devised a strategy to become the world's foremost AI superpower by 2030. In light of AI development and spread, the government is focusing on integrating AI technology into China's enterprises in order to harness and utilize integrated intelligent system methodologies. AI technologies can help with electronic height gauge customization and adaptability.

Adaptive algorithms can be configured to accommodate a wide range of measurement requirements, making the equipment more versatile in a variety of manufacturing environments. By optimizing the usage of electronic height gauges and other production equipment, AI algorithms can help to more energy-efficient processes. It is consistent with the broader trend of resource-efficient and sustainable production practices.

Russia- Ukraine War Impact

Geopolitical tensions and wars can have far-reaching consequences for a variety of sectors and marketplaces. It adds to the global market's uncertainty. Investors and firms may become more cautious, which could have an impact on investment decisions and market growth. Political instability lead to variations in currency values, that impacts the price of imported goods and components, thereby affecting the cost of electronic height gauges.

A major geopolitical event has larger economic consequences that affect global economic conditions. Economic downturns result in decreased expenditure and investment across industries. Changes in trade legislation and practices are also caused by geopolitical events, affecting international trade and commerce. The changes can harm the electronic height gauge business, especially if it relies on international trade.

By Type
• Small (0-300mm)
• Medium (300mm-700mm)
• Large (More Than 700mm)

By End-User
• Automotive
• Manufacturing
• Construction
• Energy and Utilities
• Others

By Application
• Machining
• Inspection and Calibration
• Others

By Region
• North America
U.S.
Canada
Mexico
• Europe
Germany
UK
France
Italy
Russia
Rest of Europe
• South America
Brazil
Argentina
Rest of South America
• Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
• Middle East and Africa

Key Developments
• On June 2023, The Mitutoyo LH600F/FG Linear High Measurement System has been released by Mitutoyo Corporation, a global Japanese firm that specializes in measuring tools and metrological technology. The Mitutoyo Linear Height Gauge LH600F is the most recent model in the Mitutoyo Linear Height Gauge range, featuring various new features and benefits, as well as best-in-class precision thanks to a high-accuracy scale unit and high-accuracy guiding mechanism made in its own Japanese facilities.
• On July 2022, The Chordal Height Gauge was designed by Starrett, an American tool and instrument maker, for measuring the opening heights of turbine vanes at particular points and ensure that an aviation engine received sufficient airflow.
• On October 2020, Mitutoyo Corporation, a global Japanese firm that specializes in measuring tools and metrological technology, introduced the QM-Height Series High-Performance Height Gauge. Height, variation in height (step), inside/outside widths, inside/outside diameters, circle pitch, free-form surface maximum/minimum heights and height variation by scanning measurement are all measured by the QM-Height.

Why Purchase the Report?
• To visualize the global electronic height gauge market segmentation based on type, end-user, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of electronic height gauge market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global electronic height gauge market report would provide approximately 61 tables, 59 figures and 203 pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies