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.
The global Optical Non-Contacting Video Extensometer market was valued at approximately USD 120 million in 2022 and is projected to reach around USD 175 million by 2028. This growth represents a compound annual growth rate (CAGR) of about 6.4% over the forecast period. The increasing demand for precise and non-invasive measurement techniques in material testing and structural health monitoring is driving the expansion of this market. Additionally, advancements in video analysis technologies and growing applications in industries such as aerospace, automotive, and civil engineering are contributing to the market's robust growth.
Opportunity analysis indicates that there is significant potential for market expansion in emerging regions, particularly in Asia-Pacific and Latin America. These regions are experiencing rapid industrialization and infrastructural development, which is expected to boost the demand for advanced testing solutions like optical non-contacting video extensometers. Furthermore, the rise in research and development activities, coupled with increasing investments in technological innovations, offers ample opportunities for market players to capitalize on new applications and improve product offerings in this evolving sector.
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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.
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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)
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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
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