Circumferential Extensometers Market size is estimated to be USD 120 Million in 2024 and is expected to reach USD 180 Million by 2033 at a CAGR of 5% from 2026 to 2033.
The global Circumferential Extensometers Market was valued at USD 180 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 6.5% from 2023 to 2030. This growth can be attributed to the increasing demand for precise strain measurement devices across industries such as materials testing, aerospace, automotive, and civil engineering. As these industries continue to focus on improving product durability and performance, circumferential extensometers are increasingly being adopted for applications requiring accurate and consistent strain data. The market growth is further supported by technological advancements in strain measurement tools, making them more reliable and cost effective for a wide range of applications.
Regionally, North America dominated the Circumferential Extensometers Market in 2022 with a market share of approximately 35%, primarily due to the high adoption rate of advanced testing equipment in the United States and Canada. Europe followed closely with a market share of around 30%, driven by strong demand from automotive and aerospace industries in countries like Germany and the UK. The Asia Pacific region is expected to witness the highest CAGR of 7.2% over the forecast period, fueled by rapid industrialization, growing infrastructure projects, and increasing research and development activities in countries such as China, Japan, and India. The Latin American and Middle Eastern regions also present untapped growth opportunities for the market, with significant infrastructure and manufacturing sector expansion anticipated in the coming years.
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Instron
Epsilon Tech
MTS Systems
APS Antriebs- Prüf- und Steuertechnik GmbH
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. 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.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Circumferential Extensometers Market
Mechanical Extensometers
Electrical Extensometers
Digital Extensometers
Optical Extensometers
Displacement Measurement
Strain Measurement
Load Measurement
Temperature Measurement
Geotechnical Monitoring
Structural Monitoring
Material Testing
Aerospace Testing
Research and Development
Construction
Aerospace
Automotive
Energy
Manufacturing
Wire-Based Extensometers
Fiber Optic Extensometers
Laser-based Extensometers
MEMS-based Extensometers
US (United States, US 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)
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1. Introduction of the Global Circumferential Extensometers 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 Circumferential Extensometers Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Circumferential Extensometers Market, By Type
6. Global Circumferential Extensometers Market, By Application
7. Global Circumferential Extensometers Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Circumferential Extensometers Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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