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Profile Measurement System Market: Industry Outlook, Growth Prospects and Key Opportunities

A profile measurement system is used across the commercial and industrial sector in order to determine the finish quality of machined surfaces. A profile measurement is essentially a cross section of the surface of a measureable feature. It is a 2D plot of the surface, showing any deviations across a flat plane when viewed perpendicularly. The major reason manufacturers adopt a profile measurement system is to inspect in detail, any surface imperfections or protrusions on a part or product. Alternatively, it allows manufacturers to more carefully analyze a shape that they already know is a feature of the surface they are measuring. This will help identify and quantify the quality of their processes and output. Various non-contact methods for profile measurement have been developed and tested in recent years.

Currently, the measurement of the profiles of microholes has become a subject of considerable interest with the increase in the levels of precision in microfabrication technologies. The profile measurement system delivers a repeated to repeatable set of rules that are not open to interpretation which means that the customer has the ability to measure many profiles quickly, repeatably, and in well-defined ways. With market leading sensor technology, users can configure their measurement tools easily from their set of standard virtual tools for bespoke applications.

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Increasing demand for metallic and non-metallic minerals, abundance of reserves that can be exploited using surface mining, less capital requirement as compared to underground and marine mining, and increasing energy consumption are the factors that are driving the profile measurement system market. Furthermore, demand for profile measurement systems across the oil and gas and automotive industry is supplementing the growth of the market.

Demand for profile measurement systems is increasing as they provide protection to both equipment and structures from flames. In addition, the change in climate across the globe and the subsequent environmental impact will help the growth of the market. The growing automotive industries due to high demand for automobiles and increasing disposable income will also help drive the market in the coming years. Also, process instrumentation and automation related technologies are expected to be highly adopted in the oil & gas industry in the near future, thereby increasing the demand for profile measurement system.

Demand for advanced technologies is likely to increase due to rise in demand for oil and gas in the near future, with a view to overcome usage of non-conventional and conventional resources. Besides, rise in demand for upgrading existing oil & gas platforms is expected to boost the process instrumentation and automation industry during the forecast period. There are certain technical challenges while using the profile measurement system. Vendors are conducting tests and developing solutions in order to overcome such challenges.

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The global profile measurement system market can be segmented based on component, enterprise size, application, and region. By component, the global profile measurement system market can be divided into hardware, software, and services. The software segment can be further bifurcated into on premise and cloud based. The services segment of the global profile measurement system market comprises installation, maintenance, and support services. In terms of enterprise size, the market can be classified into small & medium enterprises and large enterprises.

Based on application, the global profile measurement system market can be split into maritime, oil & gas, power generation, and government & defense. Regional segments of the global profile measurement system market are North America, Europe, Asia Pacific, Middle East & Africa, and South America. Asia Pacific dominates the global profile measurement system market due to rise in demand for structures with high maintenance power, along with increase in investment in the oil & gas industry. North America holds a prominent share of the global profile measurement system market because of rising awareness regarding automated coating inspection systems and expansion of cloud-based services, thereby reducing the maintenance and operating costs associated with the systems.

Major vendors operating in the profile measurement system market are L.S. Starrett Company, Hexagon AB, Third Dimension, LAP GmbH, Micro-Epsilon, Lantz Teknik AB, GRAW Sp etc.  Leading players in the market are focusing on the introduction of advanced services in order to strengthen their position and expand their customer base. Companies are extensively investing in R&D operations and are focusing on providing customized services to their customers.

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