Wireless Micrometer Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026
Albany, NY -- (SBWIRE) -- 02/25/2019 -- Micrometers are used for accurate measurement of components in machining and mechanical engineering. Wireless micrometer is a recent innovation in digital micrometer technology. Wireless micrometer eliminates cumbersome and long data cables, and enables wireless data communication and transmission between measuring tool and PC. Wireless communication technology enables data transmission up to 10 times faster compared to standard micrometers.
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Some of the market players also provide non-rotating spindle in wireless micrometers. Non-rotating spindle avoids work piece damage due to scratch marks on fine and sensitive machined surfaces caused by spinning spindle. The thin metal foils can be measured without twisting or bending them. The error-free data can be recorded and stored in real-time in a software in a PC or in excel.
Rising demand from various industries for accurate measurement instruments and high reliability and quick response time offered by wireless micrometers are expected to drive the growth of the wireless micrometer market during the forecast period. Various industries including manufacturing, defense & marine, and automotive require high accuracy measurement tools to ensure the quality of products. Wireless digital micrometers are utilized for attaining accuracy and reliability required for quality assurance in these industries.
In order to capitalize on the rising demand for the product, market players are expected to expand their presence in Middle East & Africa and Asia Pacific. Expansion in these emerging regions is expected to present lucrative growth opportunities to the market players. However, high pricing of wireless micrometer compared to its standard counterparts is expected to limit the market growth during the forecast period. Small and medium sized enterprises find it hard to buy the highly priced micrometers.
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The global wireless micrometer market can be segmented based on component, sales channel, end-user industry, enterprise size, and geography. In terms of component, the wireless micrometer market can be divided into hardware and software. Based on sales channel, the global wireless micrometer market can be bifurcated into original equipment manufacturer (OEM) and aftermarket.