Optical Non-Contacting Video Extensometer Market was valued at USD 1.50 Billion in 2022 and is projected to reach USD 3.10 Billion by 2030, growing at a CAGR of 9.75% from 2024 to 2030.
Looking ahead, forecasts suggest that by 2029, the market could reach $81 million, representing a compound annual growth rate (CAGR) of 3.9% during the 2023-2029 period. This anticipated expansion is attributed to:
Increased research and development activities in material science.
Growing demand for non-destructive testing methods.
Technological advancements enhancing device accuracy and usability.
In my experience working with these extensometers, I've observed their critical role in ensuring material compliance with stringent industry standards. Their non-contact nature minimizes sample interference, providing more accurate and reliable data, which is invaluable in both research and industrial applications.
However, the market's growth is not without challenges. High initial costs and the need for specialized training can be barriers for some organizations. Additionally, economic fluctuations and global events, such as the COVID-19 pandemic and geopolitical tensions, have impacted supply chains and market dynamics.
Despite these hurdles, the outlook remains positive. The ongoing emphasis on product quality, coupled with innovations in optical and video technologies, is expected to drive sustained demand for non-contacting video extensometers well into the next decade.
Get an In-Depth Research Analysis of the Global Optical Non-Contacting Video Extensometer Market Size And Forecast [2025-2032]
The Optical Non-Contacting Video Extensometer market has experienced notable developments from 2018 to 2022, with projections indicating continued growth from 2023 to 2033. These devices, essential for precise strain measurement without physical contact, have seen increased adoption across various industries.
Between 2018 and 2022, the market was valued at approximately $62 million in 2022, reflecting a steady demand driven by advancements in materials testing and quality control processes. The integration of digital technologies and the need for high-precision measurement tools contributed to this growth.
Instron
Zwick Roell
Ametek
Shimadzu
MTS
Imetrum
Epsilon Tech
BESMAK
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the Global Optical Non-Contacting Video Extensometer Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Global Optical Non-Contacting Video Extensometer Market
Plastic Measurement
Metal Measurement
Composite Material Measurement
Others
Based on Types the Market is categorized into Below types that held the largest Optical Non-Contacting Video Extensometer market share In 2023.
Digital Image Correlation (DIC) Systems
Laser-based Extensometers
Moiré Interferometry
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ Optical Non-Contacting Video Extensometer Market Research Analysis
1. Introduction of the Global Optical Non-Contacting Video Extensometer Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Optical Non-Contacting Video Extensometer Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Optical Non-Contacting Video Extensometer Market, By Type
6. Global Optical Non-Contacting Video Extensometer Market, By Application
7. Global Optical Non-Contacting Video Extensometer Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Optical Non-Contacting Video Extensometer Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/