CNC Video Measuring Market Size, Share, Trends, Growth 2030

CNC Video Measuring Industry Prospective:

The global CNC video measuring market size was worth around USD 90.6 million in 2022 and is predicted to grow to around USD 161.5 million by 2030 with a compound annual growth rate (CAGR) of roughly 7.5% between 2023 and 2030.       

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CNC Video Measuring Market: Overview

A CNC video measuring machine is an automated measurement device that examines characteristics and estimates measurements of various products using a camera and computer software. It is extensively utilized in the industrial sector for dimensional analysis, reverse engineering, and quality control. The market is anticipated to develop significantly as a result of technological improvements, growing industry automation, and an increase in demand for precise and accurate measuring systems. The CNC video measuring industry is expected to develop even more as a result of the incorporation of machine learning and artificial intelligence algorithms with CNC video measuring machines. The machines will be able to assess dimensions, carry out intricate analyses, and interpret data due to these developments.

Key Insights

• As per the analysis shared by our research analyst, the global CNC Video Measuring market is estimated to grow annually at a CAGR of around 7.5% over the forecast period (2023-2030).
• In terms of revenue, the global CNC Video Measuring market size was valued at around USD 90.6 million in 2022 and is projected to reach USD 161.5 million, by 2030.
• The increasing demand for precision measuring is expected to propel the CNC video measuring market expansion during the forecast period.
• Based on the type, the horizontal type segment is expected to hold a significant market share over the forecast period.
• Based on application, the mechanical segment is expected to dominate the market during the forecast period.
• Based on region, the Asia Pacific is expected to capture a significant market share during the forecast period.

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CNC Video Measuring Market: Growth Drivers

Integration of AI and ML drives market growth

The incorporation of AI and ML into measurement systems is one prominent development in the CNC video measuring sector. Manufacturers are introducing new products and innovations that improve measuring efficiency and accuracy by utilizing AI/ML algorithms. To reduce the need for human involvement, this system can automatically detect abnormalities, modify measurement tactics, and offer real-time feedback for quality control. To be at the forefront of this trend, the CNC video measuring market leaders are aggressively investing in research and development. They are either launching brand-new products that focus on intelligent, data-driven measurement procedures or adding AI/ML capabilities to their current CNC video measuring systems. The need for advanced analytics, predictive maintenance, and process optimization in manufacturing is driving this innovation, giving AI-powered CNC video measuring systems a competitive edge for businesses looking to meet the changing demands of the market.

CNC Video Measuring Market: Restraints

High capital investment hampers market growth

The initial capital outlay needed for the purchase and installation of these devices is one element impeding the CNC video measuring industry expansion. High-end cameras, precise equipment, and sophisticated software are all part of CNC video measuring technology, which may come at a high initial cost for companies, especially small ones. Some businesses may be discouraged from implementing these technologies by this financial hurdle, particularly if they have limited funds. The long-term advantages of CNC video measuring, which include better precision, less rework, and better quality control, must be taken into account though, as they may eventually outweigh the initial cost and boost competitiveness and cost savings.

CNC Video Measuring Market: Opportunities

Rising product launches offer a potential opportunity for market growth

The rising product launches are expected to offer a lucrative opportunity for CNC video measuring market growth during the forecast period. For instance, in June 2021, the "NEXIV" CNC Video Measuring System model range, which includes the "VMZ-S4540" and "VMZ-S6555" models, is now available from Nikon Corporation and is ideal for automated inline dimensional measuring. Nikon's famous optical and image processing technologies enable the CNC video measuring system "NEXIV" to automatically measure component dimensions. Components with complex features can be measured quickly by evaluating the acquired picture and quickly, precisely, and consistently recognizing feature edges. Video measuring systems are required to measure more components at faster speeds in the automated production line due to the growing number of electronic components installed in vehicles and the necessity for smaller components with improved performance.

CNC Video Measuring Market: Challenges

The complexity of programming poses a major challenge to market growth

It can be difficult to program CNC video measuring machines for certain activities, particularly for users who are not very tech-savvy. Programming errors can cause delays in measuring procedures, necessitate more operator training, and eventually reduce costs and increase competitiveness. Thus, posing a major challenge for the market development.

CNC Video Measuring Market: Segmentation

The global CNC Video Measuring industry is segmented based on the type, application, and region.

Based on the type, the global market is bifurcated into horizontal and vertical. The horizontal type segment is expected to hold a significant CNC video measuring market share over the forecast period. Horizontal machining centers are more beneficial for intricate undercuts and mold cavity machining than vertical machining centers because they make it simpler to remove chips during workpiece processing. Large workpieces may be processed using horizontal machining centers because of their structural benefits. In short, horizontal machining centers can be used to manufacture workpieces that are too big or too complicated for vertical machining centers. Thereby, driving the market growth.

Based on the application, the global CNC video measuring industry is bifurcated into mechanical, electronic, injection molding, and others. The mechanical segment is expected to dominate the market during the forecast period. The precision of measurements in CNC video measuring systems relies heavily on the quality and precision of mechanical components such as linear guides, ball screws, and stages. High-precision mechanical components contribute to the accuracy and repeatability of measurements, ensuring reliable performance in various applications. Thereby, driving the market expansion.

CNC Video Measuring Market: Report Scope

CNC Video Measuring Market: Regional Analysis

Asia Pacific is expected to capture a significant market share during the forecast period

The Asia Pacific is expected to capture a significant CNC video measuring market share during the forecast period. The market growth in the region is attributed to the growing end-use industries including automotive and aerospace. Video measuring systems with CNC (Computer Numerical Control) play an important role in the automobile sector by offering accurate and automated measurement solutions for different parts. Automotive components undergo comprehensive dimensional checks using CNC video measuring devices. To make sure that components fulfill design criteria, this involves measuring crucial measurements such as lengths, diameters, angles, and tolerances. Furthermore, for safety and effectiveness, brake parts like discs and calipers need to be measured precisely. Brake component measurements may be taken precisely using CNC video measuring systems, which can also spot deviations from requirements. Therefore, the growth in this industry positively impacted the market growth.

For instance, data from the Ministry of Industry and Information Technology indicates that in 2021, sales of nearly 26 million vehicles—including 21.48 million passenger vehicles—rose by 7.1% above 2020 levels. Besides, North America is expected to grow steadily over the projected period. The medical device manufacturing sector in North America has seen steady growth, and CNC video measuring systems play a crucial role in ensuring the precision and quality of medical components. The demand for high-precision measurements in the medical device industry contributes to the adoption of CNC video measuring technology. For instance, according to secondary sources, with more than 40% of the global medtech industry, the United States has the largest medical device market in the world.

CNC Video Measuring Market: Competitive Analysis

The global CNC Video Measuring market is dominated by players like:

• Guangdong Hongtuo Instrument Technology Co. Ltd .
• Rational Precision Instrument Co. Ltd
• Nikon Corporation
• Vision Engineering Ltd
• Dongguan Yihui Optoelectronics Technology Co. Ltd.
• Electronica Mechatronic Systems
• Carlssoon Technologies (Malaysia) Sdn Bhd
• Sahil Technocrats
• Baker Gauges India Pvt. Ltd.
• Haida International Equipment Co. Ltd.

The global CNC Video Measuring market is segmented as follows:

By Type

• Horizontal
• Vertical

By Application

• Mechanical
• Electronic
• Injection Molding
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa