It is anticipated that the Surface Roughness Measurement (SRM) Market would increase significantly, from USD 766 million in 2019 to an expected USD 998 million by 2025. Numerous variables listed in the market research report are responsible for this expansion, which is anticipated to occur at a CAGR of 4.5% over the projected period. Probes, software, cameras, and illumination equipment are among the market's components; surface types include 2D and 3D measurements. There are two types of measurement procedures used: contact and non-contact. Various verticals impact the market's growth trajectory, with the automotive and energy & power sectors being particularly significant.
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The market for noncontact technique to grow at the highest CAGR during 2019–2025
Throughout the projected period, the noncontact technique is expected to have the highest Compound Annual Growth Rate (CAGR) in the Surface Roughness Measurement Market. Many benefits come with this technology, such as the capacity to measure small parts and quickly find surface flaws. Noncontact techniques are widely used for measuring a wide range of objects, including gears, antennae, vehicle body parts, medical implants, turbine blades, and engine components. Surface roughness measurement equipment is being used more often in manufacturing, aerospace & defence, and the automotive industries for object design and modification. This is resulting in the creation of medical implants, engine spare parts, and customised engine components. The precision, quick product analysis, and adaptability to make changes to original items are factors driving the market's growth and encouraging the use of noncontact measuring technologies.
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Probes to dominate the surface roughness measurement market by component in 2019
With the most share in the Surface Roughness Measurement Market in 2019, probes became the prominent product. This significance is mostly due to increased customer awareness of product quality, which has increased the demand for careful end-product inspection and quality assurance. When scanning a specimen's surface texture or finish, probes are essential because they transfer the scanned data as digital signals to computer software. The software then uses this data to process it and produce a final result that may be viewed as 2D or 3D forms, which allows for precise surface roughness evaluation. The growing need for high-quality products in a variety of sectors highlights the importance of probes in surface roughness measurement devices, which in turn propels the growth of this market.
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North America to hold a major share of the surface roughness measurement market in 2019
North America's strong financing for R&D and large industrial base are the main reasons why the region is expected to lead the Surface Roughness Measurement (SRM) market for the duration of the projection. Leading the way is the United States, which makes the region a vibrant centre for SRM developments. North America is home to major players in the industry, including as AMETEK (US), Starrett (US), Perceptron (US), and Mahr Inc. (US), which greatly contributes to the region's supremacy in the SRM market. These market leaders' presence, along with a strong research environment, puts North America at the forefront of developments in surface roughness measurement and the expansion of the industry.
The major value to SRMMs is added by component suppliers and OEMs. CARL Zeiss (Carl Zeiss AG (Germany)), Taylor Hobson (UK), Mahr (Germany), Tokyo Seimitsu Co., Ltd. (Tokyo Seimitsu (Japan)), Hexagon AB (Hexagon (Sweden)), Faro Technologies (Faro (US)), Nikon Corporation (Nikon (Japan)), KEYENCE Corporation (Keyence (Japan)), Mitutoyo Corporation (Mitutoyo (Japan)), EXTECH(US), Wenzel (Germany), Starrett (US), JENOPTIK AG(Germany), The Sempre Group (UK), Alicona Imaging GmbH (Austria), Kosaka laboratory Ltd (Japan), KRÜSS GmbH(Germany), Zygo Corporation (US), Horiba Ltd. (Japan) and Fowler (US) are some of the major companies dominating the SRM market.
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