Los Angeles, CA -- (SBWire) -- 03/14/2019 --A caliper is a small metrology instrument used to measure small distances between two points of an object with great precision. Digital calipers display the result on an LCD screen placed at the front end of the device. They have an accuracy of 0.001 inches and a resolution of 0.0005 inches. A typical digital caliper is made of stainless steel and contains a plastic casing for the LCD display. The power source for these devices is usually lithium-ion (Li-ion) batteries, which can power these devices for up to 450 days depending on usage.
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The high accuracy of digital calipers, compared to vernier and dial calipers, is one of the primary drivers contributing to the growth of the market. The use of digital calipers eliminate the chances of human errors by allowing the user to record the displayed value, which in turn provides improved reliability of measurements. Therefore, the advantages of higher accuracy and faster measurement time have led to an increased adoption of digital calipers in several industries.
Companies such as Hexagon AB and Mitutoyo holds the majority of the market share and dominate the global digital caliper market with their global presence and a wide range of products. However, the high cost of their product offerings has led to the emergence of several domestic players, especially in China. These domestic vendors offer inexpensive products with relatively less reliability, durability, and energy efficiency, thus increasing the competition in the market.
The global Digital Caliper market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Digital Caliper volume and value at global level, regional level and company level. From a global perspective, this report represents overall Digital Caliper market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
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At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers are covered:
Fowler
Hexagon Metrology
Mitutoyo
Starrett
S-T Industries
AccuRemote
CAPRI Tools
Central Tools
Draper Tools
ezMachine Tools
Flexbar
Hornady
iGaging
Mahr
and Moore
Wright
Segment by Regions
North America
Europe
China
Japan
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Segment by Type
0-200mm
0-300mm
0-400mm
0-500mm
0-600mm
0-800mm
0-1000mm
0-2000mm
Segment by Application
Engineering
Research laboratories
Manufacturing
Academia
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Digital Caliper Market Is Estimated to Rising at a Significant CAGR During 2019 to 2025