Global CNC Video Measuring Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global CNC Video Measuring Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

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.

Market Overview:

The latest research study on the global CNC Video Measuring market finds that the global CNC Video Measuring market reached a value of USD 92.11 million in 2022. It’s expected that the market will achieve USD 137.48 million by 2028, exhibiting a CAGR of 6.9% during the forecast period.

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.

Key Companies in the global CNC Video Measuring market covered in Chapter 3:

Micro Vu
Carmar Technology
Mahr GmbH
Mitutoyo
Bowers Group
Dongguan Yihui
Nikon
OGP (Optical Gaging Products)
Keyence

In Chapter 4 and Chapter 14.2, on the basis of types, the CNC Video Measuring market from 2018 to 2029 is primarily split into:

Horizontal
Vertical

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the CNC Video Measuring market from 2018 to 2029 covers:

Mechanical
Electronic
Injection Molding
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)