Market Overview:
The global digital depth gauges market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for precision and accuracy in measurement across various industries, such as industrial, manufacturing, construction, and others. In addition, the growing awareness about safety and health hazards associated with manual measurement is also propelling the demand for digital depth gauges globally.
Product Definition:
A digital depth gauge is a handheld device used to measure the depth of a hole or other opening. It consists of an electronic probe with a display that shows the measured depth. The importance of digital depth gauges is that they provide an accurate reading, which can be critical in certain situations. For example, if you are drilling a hole and need to know its precise depth, you can use a digital depth gauge to get an accurate measurement.
Max Depth Less Than 200mm:
Max depth less than 200mm is a new term in the Digital Depth Gauge industry. It was created to differentiate between Max depth gauges and traditional Analog Depth Gauge (ADG) which has a range of 200mm to 8ft. The main difference between these two types of devices is that ADGs have limited measurement ranges while MDTs have no such restrictions on their measurement ranges, thus MDTs are more versatile as compared to ADGs.
Max Depth 200-500mm:
The Max depth gauge 200-500mm is a device used to measure the maximum depth of water or other liquid material such as oil, sludge and others. It works on the principle of hydrostatic pressure. The max depth gauge measures the total water column above the sensor and displays it on digital readouts.
It can be used in various applications such as for monitoring groundwater levels, measuring subsurface erosion & deposition, determining flow rates in channels & rivers etc., etc.
Application Insights:
The global demand for digital depth gauges has witnessed a rise in industrial applications. These devices help measure the depths of containers, tanks, silos and other structures with accuracy. They are used to monitor the levels of liquid chemicals in storage tanks as well as the amount of material moved from one place to another. The industrial application segment accounted for more than 50% market share in 2017 and is expected to continue its dominance over the forecast period owing to increasing use at construction sites and manufacturing facilities across various industries such as oil & gas, power generation, etc.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing demand for advanced technologies and rising investments in construction activities in emerging economies of China, India, and South Korea. Moreover, growing manufacturing sector in these countries will drive the product demand further.
The North America market was valued at USD X million in 2017 owing to high penetration of total stations with depth gauges used for construction activities coupled with their application across various industries such as mining, oil & gas exploration, civil engineering etc., which are driving revenue growth of this region. However, slow economic growth may hamper industry expansion over the coming years as it has been observed that when GDP grows by less than 2% per year; there is no investment or employment creation; whereas when GDP grow by more than 3% per year there is significant amount of new investment and job creation (OECD 2018).
Growth Factors:
- Increasing demand for digital depth gauges in the automotive and aerospace industries due to the accuracy and precision offered by these devices.
- Growing popularity of digital depth gauges among hobbyists and DIY enthusiasts owing to the ease of use and versatility offered by these devices.
- Rising demand for portable digital depth gauges as they are easy to use and can be carried around easily, making them suitable for a wide range of applications.
- Increasing adoption of digital depth gauges in educational institutions as they help students learn about physics, mechanics, and other related subjects in an interactive manner.
Scope Of The Report
Report Attributes
Report Details
Report Title
Digital Depth Gauges Market Research Report
By Type
Max Depth Less Than 200mm, Max Depth 200-500mm, Max Depth More Than 500mm
By Application
Industrial, Manufacturing, Construction, Others
By Companies
Hexagon, Starrett, Beijing TIME High Technology, MASHPROJECT, Wenzhou Sanhe Measuring Instrument, FACOM, Mahr, MICROTECH, HELIOS-PREISSER, Mitutoyo, Bocchicontrol
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
214
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Digital Depth Gauges Market Report Segments:
The global Digital Depth Gauges market is segmented on the basis of:
Types
Max Depth Less Than 200mm, Max Depth 200-500mm, Max Depth More Than 500mm
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial, Manufacturing, Construction, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hexagon
- Starrett
- Beijing TIME High Technology
- MASHPROJECT
- Wenzhou Sanhe Measuring Instrument
- FACOM
- Mahr
- MICROTECH
- HELIOS-PREISSER
- Mitutoyo
- Bocchicontrol
Highlights of The Digital Depth Gauges Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Max Depth Less Than 200mm
- Max Depth 200-500mm
- Max Depth More Than 500mm
- By Application:
- Industrial
- Manufacturing
- Construction
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Digital Depth Gauges Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Digital depth gauges are devices that measure the distance between two points in an image. They can be used to measure the depth of objects in an image or to create a three-dimensional map of an object.
Some of the key players operating in the digital depth gauges market are Hexagon, Starrett, Beijing TIME High Technology, MASHPROJECT, Wenzhou Sanhe Measuring Instrument, FACOM, Mahr, MICROTECH, HELIOS-PREISSER, Mitutoyo, Bocchicontrol.
The digital depth gauges market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Digital Depth Gauges Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Digital Depth Gauges Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Digital Depth Gauges Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Digital Depth Gauges Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Digital Depth Gauges Market Size & Forecast, 2020-2028 4.5.1 Digital Depth Gauges Market Size and Y-o-Y Growth 4.5.2 Digital Depth Gauges Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Max Depth Less Than 200mm
5.2.2 Max Depth 200-500mm
5.2.3 Max Depth More Than 500mm
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Manufacturing
6.2.3 Construction
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Digital Depth Gauges Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Digital Depth Gauges Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Max Depth Less Than 200mm
9.6.2 Max Depth 200-500mm
9.6.3 Max Depth More Than 500mm
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Manufacturing
9.10.3 Construction
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Max Depth Less Than 200mm
10.6.2 Max Depth 200-500mm
10.6.3 Max Depth More Than 500mm
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Manufacturing
10.10.3 Construction
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Max Depth Less Than 200mm
11.6.2 Max Depth 200-500mm
11.6.3 Max Depth More Than 500mm
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Manufacturing
11.10.3 Construction
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Max Depth Less Than 200mm
12.6.2 Max Depth 200-500mm
12.6.3 Max Depth More Than 500mm
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Manufacturing
12.10.3 Construction
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Max Depth Less Than 200mm
13.6.2 Max Depth 200-500mm
13.6.3 Max Depth More Than 500mm
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Manufacturing
13.10.3 Construction
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Digital Depth Gauges Market: Competitive Dashboard
14.2 Global Digital Depth Gauges Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hexagon
14.3.2 Starrett
14.3.3 Beijing TIME High Technology
14.3.4 MASHPROJECT
14.3.5 Wenzhou Sanhe Measuring Instrument
14.3.6 FACOM
14.3.7 Mahr
14.3.8 MICROTECH
14.3.9 HELIOS-PREISSER
14.3.10 Mitutoyo
14.3.11 Bocchicontrol