Industry Background:
Digital Extensometers market is expected to mark significant growth over forecasted period owing to increasing consumers spending on precise measurement for a number of specific applications and technological advancement. Digital Extensometers allows several benefits offered by the video extensometer such as no contact with sample, high resolution, and high accuracy. The major companies are adding more proven technologies systematically and strategically in Asia-Pacific countries as these countries are focused on fastest-growing verticals in the various laboratories and R&D.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Instron (United States), Sisgeo (Italy), ZwickRoell (Germany), Soil Instruments (United Kingdom) and Geosense (South Africa) |
According to AMA, the market for Digital Extensometers is expected to register a CAGR of 3.9% during the forecast period to 2030. This growth is primarily driven by Increase Demand in Plastic Industries that Boost the Digital Extensometers Market. and Rapid Demand of Digital Extensometers Due to Accurate Measurement..
Globally, a noticeable market trend is evident Substitutes Available for Digital Extensometers.
The Industrials sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Instron (United States), Sisgeo (Italy), ZwickRoell (Germany), Soil Instruments (United Kingdom) and Geosense (South Africa), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to the outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time.
Key Developments in the Market:
In September 2023, Axalta entered into a partnership with Xaar, a manufacturer of drop-on-demand inkjet technologies, to produce Axalta NextJet, a sustainable digital paint technology for the transportation industry. Digital paint, also referred to as an overspray-free application, is an advanced paint application that enables precise paint placement. Through Axalta and Xaar’s technology
In June 2023, Point Semantics Corporation launched a Computer Vision Extensometer which is beneficial in entering into the structural materials testing marketplace with the release of its first product. It also offered high Performance Machine Vision Extensometer is meant for measuring elongation, strain and crack opening displacement during testing of metal alloys, plastics, composites, elastomers, and other materials.
Influencing Trend:
Substitutes Available for Digital Extensometers. and Collaboration and Tie Up Of Leading Players
Market Growth Drivers:
Increase Demand in Plastic Industries that Boost the Digital Extensometers Market. and Rapid Demand of Digital Extensometers Due to Accurate Measurement.
Challenges:
Inappropriate Scaling Associated With In Digital Extensometers Market.
Restraints:
Long Term Process Hampers the Digital Extensometers Market. and High Cost and High Maintenance Associated with the Digital Extensometer.
Opportunities:
Proliferation of Technology Advancements Leads to Grow the Digital Extensometers Market. and Upsurge Demand of industrialization boost the market.
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Digital Extensometers Market
- Analysis about New Entrants in Digital Extensometers Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Digital Extensometers Study Sheds Light on
The Digital Extensometers Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Digital Extensometers industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Digital Extensometers industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.