KEYENCE CORPORATION and ADVANTEST CORPORATION are Dominating the Market for Global Video Measuring System Market in 2017

Global Video Measuring System Market is expected to reach USD 839.41 million by 2025 from USD 453.54 Million in 2017, at a CAGR of 8.1% in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.Global Video Measuring System Market2

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The global video measuring system market is highly concentrated to a few big players and rest to local players who cater to domestic markets only. KEYENCE CORPORATION dominates video measuring system market, accounting for the highest market share in 2017, followed by ADVANTEST CORPORATION and FARO Technologies, Inc. Other players in this market include Nikon Corporation ZEISS International, HEXAGON, ZYGO, Mitutoyo America Corporation, Vision Engineering Ltd, Perceptron, Inc., CREAFORM, Renishaw plc, among others holds 8.4% of the global video measuring system market in 2017.

KEYENCE CORPORATION:

Founded in 1974 and headquartered in Osaka, Japan. Keyence Corporation is engaged in manufacturing sensors, measuring systems, laser markers, microscopes, and machine vision systems. The company’s product category includes photoelectric, fiber optic, laser, positioning, vision, and inductive proximity sensors, as well as network communication units used for presence/absence and part differentiation applications. It also provides measurement sensors such as, laser displacement and profilometer, optical/digital micrometer, 3D interference measurement, scanning confocal laser, spectral interference displacement, and contact displacement/LVDT sensors; and image and 3D measurement systems. The video measuring system products are available in measurement sensor and measurement system product category.

The company has its products UL certified, CSA certified, FDA accession and CE marking. The company is present in more than 45 countries globally. Keyence Corporation has over 200 offices and serves more than 200,000 customers in 100 countries

ADVANTEST CORPORATION:

Founded in 1954 and headquartered in Tokyo, Japan, Advantest Corporation manufactures and sells semiconductor and component test system products and mechatronics-related products. The company has various business segments namely semiconductor and component test system; mechatronics system; and services, support and others. The semiconductor segment provides the test system and video measurement system products, significantly catering the semiconductor and electronics sector. The test system products consist of test systems for non-memory semiconductor devices and memory semiconductor devices. It also offers consulting services, uptime services, product support and others.

The company has its global presence in Europe, U.S.A, Singapore, Japan, Korea, and Taiwan.

FARO Technologies Inc:

Founded in 1981 and headquartered in Florida, U.S, Faro Technologies Inc. designs, develops, manufactures, sells and supports software driven, 3D measurement, imaging, and realization systems. The company operates through numerous products and solutions. Products comprise factory metrology, construction BIM, product design, public safety 3D machine vision, 3D app center, 3RD party software partners and FARO early adopter program. It majorly caters to industries including automotive, forensics, heavy machinery and others. The company mainly operates in three business segments like factory metrology, construction BIM-CIM and others.

The video measurement products are available in factory metrology business segment. This segment provides solutions for manual and automated measurement and inspection in industrial or manufacturing environment. The construction BIM-CIM segment offers solutions for data capturing and 3D visualization mainly in construction information management applications. Others segment includes product design, public safety forensics and 3D machine vision applications.

The company has its manufacturing facility and research & development division located in Pennsylvania, U.S. Faro Technologies operates in the U.S., Mexico, Brazil, Germany, U.K, France, Spain, Italy, Poland, Turkey, Netherlands, Switzerland, India, China, Malaysia, Thailand, South Korea, Australia and Japan. :

Recent Developments:

  • In April, 2018, Faro Technologies Inc. launched CAM2 2018 software. The device mainly provides faster measurement results for 3D object/component. This product launch, significantly sustained the company’s product portfolio. This device is mainly used in automotive, aerospace, machine tools and metal fabrication industries.

Nikon

Nikon Metrology NV was founded in 1917 and headquartered in New York, U.S. The company is engaged in marketing and distribution of digital imaging, precision optics, and photo imaging technology solutions. The company operates in business segments namely imaging product, microscope solution, industrial metrology, semiconductor lithography systems and FPD lithography systems. The video measuring system products are available in industrial metrology segment. The company serves various industries such as automotive, aerospace, medical, electronics, universities, research and material analysis.

The company has its global presence in U.S., Europe, Asia, Oceania an Africa. The company has more than 40 subsidiaries across the globe. Some of them are Nikon Imaging Japan Inc. (Japan), Nikon Canada Inc. (U.S), Nikon GmbH (Germany) and among others.

Recent Developments:

  1. In March, 2014, Nikon Metrology launched iNEXIV VMA-4540V and 4540. These products are capable of offering easy operation and permit the measurement of large as well as tall mechanical parts. This advancement provided benefit to the end-user but also the company as the launch of product will ultimately increase the product portfolio, increasing awareness for the products and increasing profitability.
  2. In September, 2016, Nikon Metrology launched NEXIV VMZ-R3020 and NEXIV VMZ-R6555. They assist in correctly measuring the dimensions as well as shapes having high-density and multi-layered electronic components. This launch will help the company by expanding its product line Offering.