Global surface roughness measurement market was valued at 739 USD Million in 2018 and is anticipated to be valued at 1019.2 USD Million at a CAGR of 4.1%.
The global surface roughness measurement market was valued at 739 USD Million in 2018 and is anticipated to be valued at 1019.2 USD Million at a CAGR of 4.1%. The report surface roughness measurement (SRM) market covers forecast and analysis on a global and regional level. The study offers a broad valuation of the market, emerging trends, rivalry, opportunities, and industry-validated market data. The report presents notable data from 2016 to 2018 along with a forecast from 2019 to 2026 based revenue (USD Million).
Roughness can be defined as a component of surface texture. The rough surface has a higher friction coefficient than smooth surfaces. Roughness can be measured by an instrument called a profilometer. The increasing requirement for improving product quality and manufacturing processes is likely to drive the global surface roughness measurement market. Moreover, increasing expenditure on research and development activities is further fueling the market demand. However, lack of skilled workforce to operate instruments for measuring roughness could hamper the market value.
Based on the component, the global surface roughness measurement market has been classified into frame grabbers, probes, cameras, lighting equipment, software, and others. The market for software has accounted for the largest share in 2018. Software is used to analyze the pattern from the captured image of the investigated surface, match and make the decision to accept and discard the component. Software tools along with hardware perform location analysis, abnormalities, and flaw detection. The software component segment has dominated the market share in terms of revenue and is further expected to continue its dominance over the forecast period.
The global surface roughness measurement market is categorized into contact technique and noncontact technique on the basis of the technique. In the global SRM market, the contact technique segment has accredited for the largest market share in terms of revenue. This can be attributed to the rising adoption of contact technique for quality control applications in the aerospace & defense and automotive industries. Moreover, this technique also provides high level of accuracy in terms of measurement of specific characteristics of component and in quality control applications.
Based on the region, Asia-Pacific has accounted for the largest share in 2018. The market in this region is further expected to grow at a substantial pace. Increasing adoption of automation in the automobile industry coupled with rapid technological developments in accelerating the market demand. In addition to this, OEMs are in quest of improving Componention in automobile industry through quality checks and inspection of components, which is further escalating the market presence.
The global surface roughness measurement market is highly associated with major players including Tokyo Seimitsu Co., Ltd., JENOPTIK AG, KEYENCE Corporation, Mitutoyo Corporation, Carl Zeiss, Starrett, EXTECH, Hexagon AB, Taylor Hobson, and Mahr. The major policies implemented by these leading companies in the market are recent developments, new Component launches, partnerships, mergers & acquisitions. These companies are focusing more on investment in evolutions, collaborations, and expansions to increase their market share.
For instance, Carl Zeiss acquired around 60% shares of Steinbichler Optotechnik GmbH and Neubeuern (Bravaria) that helped the company to aim at the optical 3D digitization sector. This company is focusing on growing organically by spending on Component launches, and acquisitions inorganically.
This report segments the global surface roughness measurement market as follows:
Global Surface Roughness Measurement Market: Component Segment Analysis
Global Surface Roughness Measurement Market: Surface Type Segment Analysis
Global Surface Roughness Measurement Market: Technique Segment Analysis
Global Surface Roughness Measurement Market: Vertical Segment Analysis
Global Surface Roughness Measurement Market: Regional Segment Analysis