From Globe Newswire: 2025-04-21 09:00:00

The Video Measuring System Market was valued at USD 0.66 Billion in 2023 and is projected to reach USD 1.38 Billion by 2032, growing at a CAGR of 5.23%. Industries like automotive, aerospace, electronics, and healthcare are driving market growth by demanding precision and quality control. In the U.S., the market contributed USD 0.18 billion in 2023, projected to grow at a CAGR of 4.41% to reach USD 0.26 billion by 2032.

Key players in the market include Faro Technologies, Nikon, Keyence, Mitutoyo, Zeiss, Brunson Instrument Company, Ametek, Wenzel Group, Vision Engineering, GOM, Trimble, Creaform, OGP, Renishaw, and Hexagon. These companies offer a range of products like laser scanners, coordinate measuring machines, and optical microscopes in the Video Measuring System Market.

The hardware segment led the Video Measuring System Market in 2023, accounting for 39% of total revenue. The software segment is expected to grow rapidly from 2024 to 2032 due to AI-powered image processing and real-time data analysis. In 2023, the manual segment dominated the market, but the Automated/CNC segment is projected to experience rapid growth.

The automotive segment held the largest share of the Video Measuring System Market in 2023, contributing around 31% of total revenue. The aerospace and defense segment is expected to grow the fastest from 2024 to 2032 due to the increasing necessity of precision in critical component production. North America led the market in 2023, while Asia Pacific is poised to be the fastest-growing market from 2024 to 2032.

Recent developments include FARO Technologies unveiling the Quantum X FaroArm Series with enhanced accuracy, and Trimble launching the Siteworks Machine Guidance Module for tilt buckets. These advancements aim to enhance 3D metrology and precision in excavation workflows, boosting efficiency and reducing errors in manufacturing processes.



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