Emerging Trends in Surface Roughness Measurement Market: $998 Million by 2025
From a value of USD 766 million in 2019 to an expected USD 998 million by the year 2025, the Surface Roughness Measurement (SRM) Market is anticipated to experience considerable expansion. Over the forecast period, it is expected that this expansion will occur at a compound annual growth rate (CAGR) of 4.5%.
The rising demand for automation and quality assurance as well as the rising costs of R&D activities are the two main drivers of the Surface Roughness Measurement (SRM) market's expansion. In order to maintain high levels of quality in manufacturing and production processes, the industry is seeing an increase in the requirement for accurate surface roughness measurements. The focus on automation across businesses also increases demand for effective and precise SRM solutions. Additionally, increased R&D expenditures are essential for developing SRM technologies and allowing their incorporation into a wider range of uses and sectors. The market for SRM is growing as a result of these forces working together.
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Due to the significant presence of both international and local competitors, the Surface Roughness Measurement (SRM) market is characterised by fierce rivalry. These major competitors in the industry are strategically concentrating on boosting their product lines and growing their market shares. They use a variety of tactics to do this, including product launches, partnerships, agreements, and collaborations. Particularly for many market participants, product releases act as a key business strategy. The launch of the U-wave fit measurement data wireless communication system by Mitutoyo Corporation in October 2018 is a noteworthy illustration of how innovation and product improvements are essential in the highly competitive SRM market.
Innovation in the Surface Roughness Measurement (SRM) market goes beyond the introduction of new products, as shown by improvements in operational simplicity and technological fusion. As an illustration of the need of efficient data processing, Mitutoyo Corporation unveiled a gadget in October 2018 that enables seamless wireless transmission of output data from their measuring equipment to PCs. Strategic alliances and collaborations are also essential for market expansion. A significant instance is the partnership between Mahr and NanoFocus in April 2018, whereby Mahr increased the breadth of its product range by including confocal microscopes from NanoFocus under the name "MarSurf CM". This partnership serves as an example of how important it is to work together to expand product portfolios to include cutting-edge technologies like high-resolution, confocal 3D surface measurement devices. Doing so will improve market competitiveness and satisfy a variety of customer needs.
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German-based Carl Zeiss works in a variety of industry sectors, such as consumer markets, medical technology, industrial quality & research, and semiconductor manufacturing technology. The business is renowned for the development and distribution of a broad range of optical systems, including planetarium technology, cine and camera lenses, riflescopes, surgical microscopes, lithography systems, eyeglass lenses, and systems for ophthalmic diagnostic and therapy. Carl Zeiss concentrates on producing optical systems necessary for semiconductor manufacturing machinery, lithography optics, and solutions to provide defect-free photomasks during production in the Semiconductor Manufacturing Technology business. The business provides Industrial Metrology and Microscopy products within the Industrial Quality & Research segment. These products include various measurement devices and software solutions essential for quality assurance in industrial applications.
In an important move in April 2018, ZEISS, a world leader in optics and optoelectronics, acquired GUARDUS, a well-known supplier of analysis and production management software with a focus on computer-supported quality assurance and production management systems. The goal of this acquisition was to strengthen ZEISS's position as a leading supplier of product management tools and services. By adding GUARDUS to their product line, ZEISS showed a dedication to improving their capacity for quality control and production management, setting themselves up for increased influence and innovation within the sector.
The Japanese-based Mitutoyo Corporation is a well-known manufacturer of precision measuring equipment. The company's broad product line includes a variety of measuring instruments and apparatus necessary for accurate measurements. These include coordinate measuring machines, surface roughness measuring machines, contour measuring machines, roundness/cylindricity measuring machines, hardness testing machines, vision measuring systems, microscopy, profile projectors, objectiv, dial indicators, dial test indicators, calibration equipment, micrometres, micrometre heads, callipers, height and depth measuring tools, inside diameter measuring tools, gauge blocks, and calibration equipment. Mitutoyo's commitment to offering high-quality and varied solutions to fulfil the precise measurement needs of industries around the world is highlighted by this extensive product line.
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Some of the major subsidiaries of Mitutoyo Corporation are Mitutoyo America Corporation (US), Mitutoyo Europe GmbH (Germany), Mitutoyo France (France), Mitutoyo Sul Americana Ltda. (Brazil), M3 Solution Center (Singapore), and Mitutoyo South Asia Pvt. Ltd. (India). In October 2018, the company launched the new U-WAVE fit devices that allow for a simple operation to feed output data from measuring instruments by wireless communication. Through its cordless operation it achieves a dramatic improvement in measuring workability at a low price.
Mahr (Germany) high-precision metering to the manufacturers of the synthetic fibers, elastomers, and fiber-reinforced composites; their suppliers; and generally, for the plastics processing industry. The company’s products are used in automotive and automotive supplies industry, precision mechanics, electronics, medical technology, air and space industry, optics industry, and synthetic fiber industry. The company operates in 17 countries in the Americas, Europe, and Asia. In 2018, Mahr introduced new product families called MarSurf CM and MarSurf CP that offer five confocal measuring systems. These are the measuring stations for non-contact testing of surfaces measuring in minimum time and with higher resolution offering users more precise information about surfaces improving quality and increasing efficiency. The company is focused on launching innovative products in different industries.
Some of the major subsidiaries of Mahr Metering Systems GmbH (Germany), Mahr Japan Ltd. (Japan), Mahr Metrology India (India), Mahr Polska (Poland), Mahr Trading (China)
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