TechNavio today launched its report, Global Caliper and Micrometer Market 2011-2015, based on an in-depth analysis covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Engineering team said: ”It has been observed that the adoption of digital calipers is increasing across several industries. These calipers are easier to read, thus helping avoid human errors caused by poor eyesight. These devices also facilitate faster measurement as they provide the required dimensions quickly and accurately on their digital screens. Also, there are very few or no moving parts in digital calipers, which enhances their durability as dust particles have no moving parts to settle into. Moreover, digital calipers provide increased flexibility and convenience to end-users, thus enhancing the overall user experience.”
According to the report, the declining costs of calipers and micrometers constitute one of the major drivers in the Global Caliper and Micrometer market. These tools are used across various industries to take accurate measurements of distance, diameter, and several other parameters in the fields of mechanical engineering, machining, metal working, wood working, medicine, and other fields. Therefore, the declining costs of calipers and micrometers attract several end-user segments such as the Automobile industry and the Aerospace and Defense industry increasingly adopting these tools. Furthermore, there is increased adoption of these devices by small and medium-scale enterprises (SMEs) because of their affordability. Thus, the diminishing costs of calipers and micrometers work as a major driver for the growth of this market.
Further, the report reveals that one of the major challenges confronting this market is the increasing competition among its vendors.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-caliper-and-micrometer-market-20…
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Engineering market research, please visit https://www.technavio.com/engineering-software
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TechNavio Announces the Publication of its Research Report – Global Caliper and Micrometer Market 2011-2015
