PRZOOM - /newswire/ -
Palo Alto, CA, United States, 2007/11/12 - New analysis from Frost & Sullivan, World Calipers and Micrometers Markets, reveals that the calipers market earned revenues of $320.0 million in 2007 and estimates this to reach $679.3 million in 2014.
The increasing need for reliable handheld devices in applications that require strict measurement tolerances has contributed to the steady growth of the calipers and micrometers markets. Investments in research and development initiatives have resulted in the overall improvement of such instruments, which in turn allows for a heightened level of measurement accuracy for various end-users. The applicability of calipers and micrometers to many different industry segments provides significant growth potential over the next few years.
New analysis from Frost & Sullivan (testandmeasurement.frost.com), World Calipers and Micrometers Markets, reveals that the calipers market earned revenues of $320.0 million in 2007 and estimates this to reach $679.3 million in 2014. Additionally, the analysis reveals that the micrometers market earned revenues of $336.7 million in 2007 and estimates this to reach $725.7 million in 2014.
If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants an overview of the latest analysis of the World Calipers and Micrometers Markets, then send an email to Sara Villarruel - Corporate Communications at sara.villarruel[.]frost.com with the following information: your full name, company name, title, telephone number, email address, city, state, and country. We will send you the information via email upon receipt of the above information.
The relatively low costs associated with calipers and micrometers have significantly contributed to an increased consumption of these products. Furthermore, many devices are manufactured with extreme durability in order to withstand different types of environmental conditions. Despite the development of more-sophisticated computer- and laser-based metrology systems, the affordability, resilience, and portability that accompany calipers and micrometers make them desirable measurement options for many end-users.
"Although the calipers and micrometers markets are approaching a mature state, the constant technological and structural improvements made by manufacturers of such devices will allow these markets to grow further," notes Frost & Sullivan Research Analyst Juan Rosales. "The fact that such small devices can withstand harsh conditions such as moisture and dust while providing a high level of measurement accuracy will further necessitate their role in environments where dimensional reliability is crucial."
While many caliper and micrometer manufacturers have leveraged their R&D expertise to successfully update their product lines with digital-based devices, some vendors have yet to embrace such technology. A large number of consumers still utilize non-digital devices, particularly those who prefer the use of dial indicators for measurement readouts. However, the user-friendly features associated with digital calipers and micrometers, such as an LCD display screen for data acquisition, will provide the manufacturers of such technology with a considerable advantage over competitors who do not develop digital devices.
Vendors can take advantage of recent trends, namely the use of USB interfaces for computer connectivity and extended battery life associated with digital devices, to improve the consumption rates among users who desire accurate measurement equipment.
"The use of digital calipers and micrometers among end-users will continue to grow significantly," explains Rosales. "However, the need for their non-digital counterparts will remain present, due to the fact that they offer a level of sturdiness and robustness that is sometimes lacking in the more sophisticated technology in the market."
World Calipers and Micrometers Market is part of the Test and Measurement Growth Partnership Service, which also includes research services in the following markets: world general purpose test and measurement market, world mechanical tests market, and world manufacturing tests market. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants. Interviews are available to the press.
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