Portable Laser Doppler Vibrometer Market
Portable Laser Doppler Vibrometer Market Forecasts to 2030 - Global Analysis By Type (Single Point Laser Vibrometer, Scanning Laser Vibrometer and Other Types), Application (Aviation and Aerospace, Automotive, Medical, Electronics, Research and Development and Other Applications) and by Geography
|
CAGR (2023 - 2030) |
6.5% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Middle East & Africa |
According to Stratistics MRC, the Global Portable Laser Doppler Vibrometer Market is growing at a CAGR of 6.5% during the forecast period. An advanced tool for measuring vibrations in a variety of materials and structures without needing to make contact is a portable laser doppler vibrometer. This small gadget uses laser beams to remotely and accurately detect surface vibrations by utilizing the concepts of laser doppler vibration. Its portability adds to its versatility, making it perfect for industrial settings, research, and field applications. Moreover, portable laser doppler vibrometers make it possible for researchers and engineers to examine vibrations without making direct contact.
According to the International Society for Optical Engineering (SPIE), Portable Laser Doppler Vibrometers have emerged as indispensable tools in the field of optical instrumentation, providing engineers and researchers with a non-contact method for precise vibration analysis in diverse applications.
Market Dynamics:
Driver:
Increasing predictive maintenance focus
The need for portable laser doppler vibrometers is being driven by the industrial sector's growing emphasis on predictive maintenance. Additionally, these devices are used in the energy sector to keep an eye on the health of rotating machinery, which allows for the early identification of imbalances or misalignments and the implementation of predictive maintenance plans to avert expensive equipment breakdowns.
Restraint:
Restricted range of measurements
Certain portable laser doppler vibrometers have a narrow measurement range, which could limit their use in sectors requiring an analysis of large-scale structures. Furthermore, extending these instruments' measurement capabilities to suit a variety of applications, such as those in the aerospace and construction industries should be the main goal of research and development.
Opportunity:
Increasing automation in industry
The continuous growth of industrial automation offers Portable Laser Doppler Vibrometers a lot of opportunities. Furthermore, these devices can aid in the installation of condition-based monitoring systems in smart factories, facilitating the real-time evaluation of the health of the machinery and the development of predictive maintenance plans that maximize overall operational efficiency.
Threat:
Strong market rivalry
There is fierce rivalry among manufacturers in the market for portable laser doppler vibrometers. Price wars brought on by this competition may lower profit margins and possibly jeopardize businesses' capacity to make R&D investments. Additionally, companies need to prioritize innovation and strategic differentiation in order to stay competitive.
Covid-19 Impact:
The market for portable laser doppler vibrometers has been severely impacted by the COVID-19 pandemic, which has caused disruptions in the manufacturing process, supply chain, and end-user industries. The first production slowdown caused delays in the delivery of components and completed goods, as did limitations on international trade and mobility. Moreover, the need for vibration measurement equipment was impacted by decreased operational capacities and financial constraints in several end-user industries, including aviation, automotive, and construction.
The Single Point Laser Vibrometer segment is expected to be the largest during the forecast period
In the portable laser doppler vibrometer, the single-point laser vibrometer segment presently commands the largest market share. The reason for this dominance is that single-point laser vibrometers are very adaptable and can be used in a wide range of industries. Furthermore, the exceptional precision and localized vibration measurements that single-point laser vibrometers can provide on specific points of interest make them indispensable instruments for applications like research and development, manufacturing quality control, and structural health monitoring.
The Research and Development segment is expected to have the highest CAGR during the forecast period
In the portable laser doppler vibrometer market, the Research and Development (R&D) segment has the highest CAGR. This increase is explained by the growing need in a variety of scientific and engineering research applications for sophisticated and accurate measurement instruments. The use of portable laser doppler vibrometers is essential for research and development in a variety of disciplines, such as structural dynamics, biomechanics, and materials science. Moreover, these devices are essential in research settings for precisely analyzing the vibrational properties of components, materials, and biological specimens.
Region with largest share:
The region with the largest market share for portable laser doppler vibrometers is now Asia-Pacific (APAC). The swift industrialization, technological breakthroughs, and significant presence of important manufacturing hubs in nations like China, Japan, and South Korea are all credited with this dominance. Additionally, the region's thriving automotive, aerospace, and electronics sectors have created a need for portable laser doppler vibrometers and other precision measurement instruments for use in quality assurance, research and development, and structural health monitoring.
Region with highest CAGR:
In the portable laser doppler vibrometer market, the Middle East and Africa (MEA) region is showing the highest CAGR. This region's need for accurate measurement tools is being driven by rising industrialization, the development of infrastructure, and an increasing focus on implementing cutting-edge technologies. Furthermore, portable laser doppler vibrometers are becoming more and more popular in industries like manufacturing, energy, and construction for uses like predictive maintenance and structural health monitoring.
Key players in the market
Some of the key players in Portable Laser Doppler Vibrometer market include Polytec GmbH, Bruel & Kjaer Sound & Vibration Measurement A/S, Renishaw Plc, Keyence Corporation, SCHALLER Messtechnik GmbH, OptoMet GmbH, Dantec Dynamics A/S, Konica Minolta Sensing Americas, Inc and Adash Ltd.
Key Developments:
In December 2023, Renishaw, has partnered with the world’s first green energy company, Ecotricity, which is a member of the Green Britain Group. Renishaw has signed a two-year contract with the provider, which will now supply its main UK sites with 100 per cent renewable electricity. Its partnership with Ecotricity is the latest move towards exclusively using green energy across the globe, with its sites in India, Japan, Mexico and the USA among those already running on 100 per cent renewable electricity.
In March 2023, Keyence has launched its high-precision LM-X multisensor measuring solution offering optical, laser, and touch-probe measurements in a single compact unit. The Keyence LM-X Series multisensor measurement system provides high-accuracy measurement with simple button-press operation. There is no need for time-consuming part positioning or fixturing. The system automatically detects and measures the position and orientation of the part, regardless of where it is placed on the stage.
Types Covered:
• Single Point Laser Vibrometer
• Scanning Laser Vibrometer
• Other Types
Applications Covered:
• Aviation and Aerospace
• Automotive
• Medical
• Electronics
• Research and Development
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Portable Laser Doppler Vibrometer Market, By Type
5.1 Introduction
5.2 Single Point Laser Vibrometer
5.3 Scanning Laser Vibrometer
5.4 Other Types
6 Global Portable Laser Doppler Vibrometer Market, By Application
6.1 Introduction
6.2 Aviation and Aerospace
6.3 Automotive
6.4 Medical
6.5 Electronics
6.6 Research and Development
6.7 Other Applications
7 Global Portable Laser Doppler Vibrometer Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 Polytec GmbH
9.2 Bruel & Kjaer Sound & Vibration Measurement A/S
9.3 Renishaw Plc
9.4 Keyence Corporation
9.5 SCHALLER Messtechnik GmbH
9.6 OptoMet GmbH
9.7 Dantec Dynamics A/S
9.8 Konica Minolta Sensing Americas, Inc
9.9 Adash Ltd
List of Tables
1 Global Portable Laser Doppler Vibrometer Market Outlook, By Region (2021-2030) ($MN)
2 Global Portable Laser Doppler Vibrometer Market Outlook, By Type (2021-2030) ($MN)
3 Global Portable Laser Doppler Vibrometer Market Outlook, By Single Point Laser Vibrometer (2021-2030) ($MN)
4 Global Portable Laser Doppler Vibrometer Market Outlook, By Scanning Laser Vibrometer (2021-2030) ($MN)
5 Global Portable Laser Doppler Vibrometer Market Outlook, By Other Types (2021-2030) ($MN)
6 Global Portable Laser Doppler Vibrometer Market Outlook, By Application (2021-2030) ($MN)
7 Global Portable Laser Doppler Vibrometer Market Outlook, By Aviation and Aerospace (2021-2030) ($MN)
8 Global Portable Laser Doppler Vibrometer Market Outlook, By Automotive (2021-2030) ($MN)
9 Global Portable Laser Doppler Vibrometer Market Outlook, By Medical (2021-2030) ($MN)
10 Global Portable Laser Doppler Vibrometer Market Outlook, By Electronics (2021-2030) ($MN)
11 Global Portable Laser Doppler Vibrometer Market Outlook, By Research and Development (2021-2030) ($MN)
12 Global Portable Laser Doppler Vibrometer Market Outlook, By Other Applications (2021-2030) ($MN)
13 North America Portable Laser Doppler Vibrometer Market Outlook, By Country (2021-2030) ($MN)
14 North America Portable Laser Doppler Vibrometer Market Outlook, By Type (2021-2030) ($MN)
15 North America Portable Laser Doppler Vibrometer Market Outlook, By Single Point Laser Vibrometer (2021-2030) ($MN)
16 North America Portable Laser Doppler Vibrometer Market Outlook, By Scanning Laser Vibrometer (2021-2030) ($MN)
17 North America Portable Laser Doppler Vibrometer Market Outlook, By Other Types (2021-2030) ($MN)
18 North America Portable Laser Doppler Vibrometer Market Outlook, By Application (2021-2030) ($MN)
19 North America Portable Laser Doppler Vibrometer Market Outlook, By Aviation and Aerospace (2021-2030) ($MN)
20 North America Portable Laser Doppler Vibrometer Market Outlook, By Automotive (2021-2030) ($MN)
21 North America Portable Laser Doppler Vibrometer Market Outlook, By Medical (2021-2030) ($MN)
22 North America Portable Laser Doppler Vibrometer Market Outlook, By Electronics (2021-2030) ($MN)
23 North America Portable Laser Doppler Vibrometer Market Outlook, By Research and Development (2021-2030) ($MN)
24 North America Portable Laser Doppler Vibrometer Market Outlook, By Other Applications (2021-2030) ($MN)
25 Europe Portable Laser Doppler Vibrometer Market Outlook, By Country (2021-2030) ($MN)
26 Europe Portable Laser Doppler Vibrometer Market Outlook, By Type (2021-2030) ($MN)
27 Europe Portable Laser Doppler Vibrometer Market Outlook, By Single Point Laser Vibrometer (2021-2030) ($MN)
28 Europe Portable Laser Doppler Vibrometer Market Outlook, By Scanning Laser Vibrometer (2021-2030) ($MN)
29 Europe Portable Laser Doppler Vibrometer Market Outlook, By Other Types (2021-2030) ($MN)
30 Europe Portable Laser Doppler Vibrometer Market Outlook, By Application (2021-2030) ($MN)
31 Europe Portable Laser Doppler Vibrometer Market Outlook, By Aviation and Aerospace (2021-2030) ($MN)
32 Europe Portable Laser Doppler Vibrometer Market Outlook, By Automotive (2021-2030) ($MN)
33 Europe Portable Laser Doppler Vibrometer Market Outlook, By Medical (2021-2030) ($MN)
34 Europe Portable Laser Doppler Vibrometer Market Outlook, By Electronics (2021-2030) ($MN)
35 Europe Portable Laser Doppler Vibrometer Market Outlook, By Research and Development (2021-2030) ($MN)
36 Europe Portable Laser Doppler Vibrometer Market Outlook, By Other Applications (2021-2030) ($MN)
37 Asia Pacific Portable Laser Doppler Vibrometer Market Outlook, By Country (2021-2030) ($MN)
38 Asia Pacific Portable Laser Doppler Vibrometer Market Outlook, By Type (2021-2030) ($MN)
39 Asia Pacific Portable Laser Doppler Vibrometer Market Outlook, By Single Point Laser Vibrometer (2021-2030) ($MN)
40 Asia Pacific Portable Laser Doppler Vibrometer Market Outlook, By Scanning Laser Vibrometer (2021-2030) ($MN)
41 Asia Pacific Portable Laser Doppler Vibrometer Market Outlook, By Other Types (2021-2030) ($MN)
42 Asia Pacific Portable Laser Doppler Vibrometer Market Outlook, By Application (2021-2030) ($MN)
43 Asia Pacific Portable Laser Doppler Vibrometer Market Outlook, By Aviation and Aerospace (2021-2030) ($MN)
44 Asia Pacific Portable Laser Doppler Vibrometer Market Outlook, By Automotive (2021-2030) ($MN)
45 Asia Pacific Portable Laser Doppler Vibrometer Market Outlook, By Medical (2021-2030) ($MN)
46 Asia Pacific Portable Laser Doppler Vibrometer Market Outlook, By Electronics (2021-2030) ($MN)
47 Asia Pacific Portable Laser Doppler Vibrometer Market Outlook, By Research and Development (2021-2030) ($MN)
48 Asia Pacific Portable Laser Doppler Vibrometer Market Outlook, By Other Applications (2021-2030) ($MN)
49 South America Portable Laser Doppler Vibrometer Market Outlook, By Country (2021-2030) ($MN)
50 South America Portable Laser Doppler Vibrometer Market Outlook, By Type (2021-2030) ($MN)
51 South America Portable Laser Doppler Vibrometer Market Outlook, By Single Point Laser Vibrometer (2021-2030) ($MN)
52 South America Portable Laser Doppler Vibrometer Market Outlook, By Scanning Laser Vibrometer (2021-2030) ($MN)
53 South America Portable Laser Doppler Vibrometer Market Outlook, By Other Types (2021-2030) ($MN)
54 South America Portable Laser Doppler Vibrometer Market Outlook, By Application (2021-2030) ($MN)
55 South America Portable Laser Doppler Vibrometer Market Outlook, By Aviation and Aerospace (2021-2030) ($MN)
56 South America Portable Laser Doppler Vibrometer Market Outlook, By Automotive (2021-2030) ($MN)
57 South America Portable Laser Doppler Vibrometer Market Outlook, By Medical (2021-2030) ($MN)
58 South America Portable Laser Doppler Vibrometer Market Outlook, By Electronics (2021-2030) ($MN)
59 South America Portable Laser Doppler Vibrometer Market Outlook, By Research and Development (2021-2030) ($MN)
60 South America Portable Laser Doppler Vibrometer Market Outlook, By Other Applications (2021-2030) ($MN)
61 Middle East & Africa Portable Laser Doppler Vibrometer Market Outlook, By Country (2021-2030) ($MN)
62 Middle East & Africa Portable Laser Doppler Vibrometer Market Outlook, By Type (2021-2030) ($MN)
63 Middle East & Africa Portable Laser Doppler Vibrometer Market Outlook, By Single Point Laser Vibrometer (2021-2030) ($MN)
64 Middle East & Africa Portable Laser Doppler Vibrometer Market Outlook, By Scanning Laser Vibrometer (2021-2030) ($MN)
65 Middle East & Africa Portable Laser Doppler Vibrometer Market Outlook, By Other Types (2021-2030) ($MN)
66 Middle East & Africa Portable Laser Doppler Vibrometer Market Outlook, By Application (2021-2030) ($MN)
67 Middle East & Africa Portable Laser Doppler Vibrometer Market Outlook, By Aviation and Aerospace (2021-2030) ($MN)
68 Middle East & Africa Portable Laser Doppler Vibrometer Market Outlook, By Automotive (2021-2030) ($MN)
69 Middle East & Africa Portable Laser Doppler Vibrometer Market Outlook, By Medical (2021-2030) ($MN)
70 Middle East & Africa Portable Laser Doppler Vibrometer Market Outlook, By Electronics (2021-2030) ($MN)
71 Middle East & Africa Portable Laser Doppler Vibrometer Market Outlook, By Research and Development (2021-2030) ($MN)
72 Middle East & Africa Portable Laser Doppler Vibrometer Market Outlook, By Other Applications (2021-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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