How big is the opportunity for surface roughness measurement market?

Surface Roughness Measurement Market by Component (Probes, software Cameras, Lighting Equipment), Surface Type (2D and 3D), Technique Type (Contact and noncontact), Vertical (Automotive, Energy & Power) and Geography – Global forecast to 2025

The surface roughness measurement (SRM) market is expected to grow from USD 766 million in 2019 to USD 998 million by 2025, at a CAGR of 4.5% during the forecast period. Rising adoption of noncontact measurement techniques, due to several advantages such as no sample surface damage, quick measurement, simultaneous observation of surface image and height profile (microscope type), and ability to acquire high- definition and fully focused images. These factors are expected to drive the SRM market during the forecast period.

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Surface Roughness Measurement Market Among all the major components of surface roughness measurement machines (SRMMs), probes accounted for the largest share of the overall SRM) market, by component, in 2018. This growth is attributed to the growing consumer awareness towards product quality, which is fueling the demand for precise inspection and quality assurance of end products. Various standards have also been introduced by trade groups to assure quality of final products before they reach the end consumers. Probes plays an important role of inspection in SRMMs, because of which  probes to hold the largest share in the SRM market by component.

SRMMs are increasingly gaining popularity due to lower hardware costs and the availability of faster processors; but it is the complete scalable software that provides all elements required for deploying and developing the images for surface roughness measurement and make the quality assurance possible.

These factors made software the second-largest segment (with a share of ~19%) of the SRM market, based on component, in 2018. The SRM market for software was valued at USD 135 million in 2018 and is expected to reach USD 220 million by 2025, growing at highest CAGR of 7.1% from 2019 to 2025.

2D surface roughness measurement equipment to held the largest share  of the overall SRM market in 2018. Since its inception, this surface roughness measurement technique is used to detect surface characteristics in 2D planes; hence, it is the most adopted surface measuring technique. End use industries still prefers traditional 2D surface roughness measurement equipment even after the introduction of the advanced 3D surface roughness measurement equipment, due to their cost effectiveness.

Contact technique held the largest share of the SRM market in 2018.  Contact technique provides an optimum level of accuracy in terms of measurement of specific characteristics of component surface and quality control application as compared to non-contact technique.

North America is expected to dominate the SRM market during the forecast period. Funding for research & development, and extensive industrial base are the major factors that make North America a dynamic region for SRM market, with US being the major contributor. APAC is expected to hold the second-largest share in 2018.

As per (OICA), in 2017, ~44 million passenger cars were manufactured in APAC. The high rate of technological developments in the automotive and aerospace & defense industries is the key factor driving the growth of the market in APAC. Mitutoyo Corporation, Tokyo Seimitsu Co., Ltd. and KEYENCE Corporation (Japan) are adopting key strategies such as product launches, partnerships and contracts, expansions, collaborations and agreements in order to cater the huge opportunities in the APAC SRM market.