Digital Readout Equipment Market Is Set To Reach A Valuation Of US$ 1.58 Billion By 2033

The global digital readout equipment market is set to reach a valuation of US$ 863.4 million in 2023 and expand at a CAGR of 6.2% to end up at US$ 1.58 billion by 2033. Worldwide sales of digital readout equipment are expected to equal an absolute dollar opportunity of US$ 770.5 million over the forecast period (2023-2033). According to this new analysis by Fact.MR, a market research and competitive intelligence provider, utilization of digital readout equipment witnessed a growth rate of 4.1% from 2018 to 2022.

Data is crucial for consistent and reliable manufacturing. This is why the data needs to be accurate and trustworthy, otherwise, it is nothing beyond numbers. With the use of digital readout (DRO), reading and recording data can be made effortless. A digital readout system is a combination of a simple computer, axis position encoders, and a numeric display with integrated keyboards. The offer in this portion accompanies many open doors including fabricating items, appropriation, retail, and showcasing administrations. Broad rounds of essential and far reaching optional exploration have been utilized by the examiners at Fact.MR to show up at different assessments and projections for Demand of Digital Readout Equipment Market both at worldwide and provincial levels.

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Market Players: –

• ACU-RITE
• DRO PROS
• Easson-Vertex
• Fagor Automation
• Faridabad Control Electricals Private Limited
• HEIDENHAIN
• JIRKA a spol., Ltd.
• Newall
• Sichuan Aikron Precision Tool Co., Ltd
• Sterling TSI Co. Ltd.
• Warren Machine Tools Ltd
• Zhejiang Pinrui precision instrument co., ltd

Competitive Landscape

Prominent digital readout equipment manufacturers are ACU-RITE, Easson-Vertex, Elctronica, Fagor Automation, Faridabad Control Electricals Private Limited, HEIDENHAIN, JIRKA a spol., Ltd., Newall, Sichuan Aikron Precision Tool Co., Ltd, Sterling TSI Co. Ltd., Warren Machine Tools Ltd, and Zhejiang Pinrui Precision Instrument Co., Ltd.

Leading manufacturers of digital readouts are focused on developing application-specific products to optimize the efficiency and accuracy of their tasks. Companies are focused on developing entry-level, mid-range, and high- end products to meet various levels of functionality and price points. Working with customers, manufacturers are identifying and addressing the specific needs of applications and tailoring customized solutions.

For instance :

• Newall launched a new meterology-focused DRO in August 2022, DRO203Q, which uses power of DRO203 hardware to integrate geometric metrology functions. It will be useful in applications for optical comparators and measuring microscopes as it meets the needs for basic 2D meterology functions.
• Global manufacturer of precision hand tools L.S Starret Company, launched MetLogix Mx200 DRO in April 2020, which offers an intuitive user experience with a wide range of functionalities and current touchscreen conventions for optical comparators. It is capable of crosshair measurement and optical edge detection. It also has an exclusive EdgeLogic feature that allows gesture-driven control of start and end measurement commands, thereby minimizing the requirement to interact with the DRO directly.

Fact.MR has provided detailed information about the price points of key manufacturers of digital readout equipment positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Digital Readout Equipment Industry Research

• By Encoder :
  • Linear Encoders
    • Optical
    • Magnetic
  • Rotary Encoders
    • Optical
    • Magnetic
• By Resolution :
  • 1 µm
  • 5 µm
• By Display :
  • LCD Graphic Displays
  • LED Graphic Displays
• By Axis :
  • Single Axis
  • Multi-Axis
    • 2 Axis
    • 3 Axis
    • 4 Axis
    • 5 Axis
    • 6 Axis
• By End-use Industry :
  • Aerospace & Defense
  • Automobile Industry
  • Discrete Manufacturing
  • Electrical & Electronics Industry
  • Industrial Automation & Robotics
  • Metal Working Industry
  • Others

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Regional analysis includes

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
• EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
• CIS & Russia
• Japan
• Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)

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