Distance Measuring Equipment Market

This study intends to unfurl the multiple facets of global distance measuring equipment market. The insights offered in the report aid in market growth examination during the forecast period.

The Rise of 5G Technology Bodes Well for Global Distance Measuring Equipment Market

Distance measurement sensors have been incorporated into automobiles like cars, trucks, and buses to give the driver information about the vehicle's surroundings, and safety. As a result, this is emerging as a new trend for the distance measurement equipment market. The demand for advanced security solutions in automobiles, the increased use of distance measurement equipment in automation and robotics, the need for target detection in military applications such as drones and aircraft, and the dramatic rise in demand for these sensors in the construction industry are the main growth drivers of the global distance measuring equipment market. Companies are releasing new products that are more accurate, which is anticipated to accelerate the market growth. Another driver of the market expansion for distance measurement equipment is the advancement of networking and communication technologies. In addition, rising disposable income, the development of 5G technologies, and the growing demand for distance measurement equipment in many applications, including telecommunications, consumer electronics, and semiconductors, are all anticipated to propel the growth of the distance measurement equipment market.

Distance Measuring Equipment Market: COVID-19 Impact

The COVID-19 epidemic has halted the manufacturing of distance measurement equipment because of the worldwide lockdown, which has slowed its expansion over the past three months and is expected to continue in 2021. Before the spread of the coronavirus, countries like the US, Germany, Italy, the U.K., and China accounted for most of the demand for distance measuring equipment. Now, however, this demand has decreased. Furthermore, distance-measuring equipment manufacturers can only afford a full lockdown for a few months before the players change their investment plans. Additional potential effects of the lockdown are currently unclear, and the financial recovery of companies depends entirely on their cash reserves. For instance, many distance measuring equipment market participants temporarily stopped their output to cut costs.

In contrast, a select few players also implemented employee layoffs to survive the COVID-19 health crisis. Manufacturers of distance measuring equipment are expected to safeguard their workforce, operations, and supply chains to react to immediate crises and find new ways to work after COVID-19. For example, providing sanitizers while maintaining social distancing and ensuring that every employee in the company has received a vaccination can help promote the workforce's health and safety.

Increasing Use of Electronic Gadgets Fuels Distance Measuring Equipment Market Growth

Distance measuring equipment relies on the performance of electronic devices to be reliable. As a result of the device being exposed to external turbulences such as shocks, heat, vibrations, and changing climatic conditions, testing aids in identifying components that experience timely degradation. This research also aids in predicting equipment failure and calibration before serious harm occurs. In other words, distance-measuring equipment aids in enhancing the durability, functionality, precision, and effectiveness of equipment. Semiconductor gadget usage is rising quickly, which elevates the scope of growth for distance measuring equipment market to a large extent. OEMs, designers, and engineers are concentrating on creating cutting-edge semiconductor devices with special characteristics like robotics and other sensors. The National Investment Promotion & Facilitation Agency (INVEST INDIA) has provided statistics showing that in the next ten years, the global electronics sector is expected to reach over US$2 Tn (by 2030). Additionally, it has been reported that the Indian electronics market was worth US$120 Bn in 2018–19 and that India's contribution to global electronics production increased from 1.3% in 2012 to 3% in 2018.

Growth of IoT-based Technology, and Development of Communication Infrastructure Boost Distance Measuring Equipment Market

A communication network's distance-measuring equipment, devices, and signals are essential. Thus, the distance measuring equipment market will benefit from any new developments in the communication network. The development of 5G technology and data centers is currently undergoing many revolutions in the communication sector. Bharati Airtel said in 2019 that it would spend roughly US$8 Bn by 2022 on developing 5G infrastructure and expanding 4G. Similar to this, Vodafone has produced a road map for 2019 that calls for spending over US$3.08 Bn over the following 15 years to enhance its network. To introduce 5G-ready gadgets into the recently expanded network, it has partnered with Ericson. More opportunities are anticipated from these new investments in the market.

High Installation and Ownership Costs, and Need for Qualified Personnel Constrain Distance Measuring Equipment Market Expansion

Many types of equipment are needed for various distance-measuring equipment jobs. Setting up testing facilities and installing distance measuring equipment is greatly expensive. Furthermore, it is necessary to use distance-measuring equipment and conduct tests in compliance with the standards and guidelines for the devices being evaluated. Many small and medium-sized businesses operate on a tighter budget and find it tough to afford the costs of installing, upkeep of the equipment in addition to the additional costs associated with hiring a skilled personnel to operate the equipment. As the final customers are cost-conscious, the distance measuring equipment market may remain challenged by this const constraint in long term. Although end users are unwilling to compromise the quality of the gadgets and their extra features, they seek inexpensive distance-measuring equipment. As a result, producers are under high pressure to reduce their prices.

Sales of Floor Standing Equipment Dominant in Distance Measuring Equipment Market as it Can Change Amplitude

The floor-standing category dominated the distance measuring equipment market in 2021. A good conductor is ground. A precision device for measuring linear distance, angle, or torsion is a floor-standing LVDT. There are two main components: the transmitter and the receiver (receiver). An electrical impulse is transmitted from the sender to the receiving end of a cable, where it excites magnetic cores with shifting flux. The torque exerted by a rotating shaft about its axis, the length change from stretching or compression caused by extension or shortening, the deformation caused when put under pressure, etc., all cause the flux-induced voltage to change in Amplitude as the position of the core does.

Ground Category Dominates Distance Measuring Equipment Market

The ground category held the largest distance measuring equipment market share, and it is anticipated that it will continue to rule the distance-measuring equipment market during the forecast period. For distance measurements to compare against other things, many people conceal distance measuring devices in the ground. It is especially true for typical construction projects and chores like installing new road paving or installing utilities. Laser tape measures are frequently used in this application to measure things like the layout of concrete slabs that need to be leveled or the surveying of alterations to the measurements of an existing building. Distance measuring equipment can also be used for other purposes to evaluate how much material will be required for your landscaping project based on the size of your yard, garden, driveway, or walkway.

Asia Pacific to Dominate Distance Measuring Equipment Market on Account of a Substantial Manufacturing Foundation

Over the forecast period, it is anticipated that the Asia Pacific distance measuring equipment market will account for the largest revenue share because of the substantial manufacturing foundation. Due to the expansion of the electronics and automotive industries, China, India, Taiwan, and Japan account for the majority of demand from Asia Pacific. According to China's National Bureau of Statistics, consumer goods were sold for a value of US$1,436.8 Bn in 2018, rising 9.2% over the previous year. Similarly, India began producing various electrical devices in Asia Pacific under strict standards thanks to recent government programs like T&M India 2020. The telecommunications industry is experiencing a huge increase in demand for distance-measuring equipment from Asia Pacific. The telecommunications business receives a significant market contribution from populous nations like China, and India.

North America distance measuring equipment market is anticipated to experience stable revenue growth throughout the forecast period because of the expanding demand from the healthcare, information technology, and telecommunications sectors. The most recent developments in next-gen technologies like IoT, and autonomous driving. Improved bandwidth and reduced latency can be easily attained via 5G. The U.S. is one of the active participants in the commercialization of this 5G network, which boosts demand for distance measurement equipment in this region. Moreover, it is anticipated that the rising need for connected cars, intelligent transportation systems, and medical devices will drive the  market in this region. Additionally, the U.S. is home to many important companies that manufacture distance measurement equipment.

Global Distance Measuring Equipment Market: Competitive Landscape

In 2020 Thales, one of the industry's top competitors, unveiled the DME 500, or "Fifth-Generation DME," a radio transponder distance-measuring device. It is expected to give airplanes better precision and guidance.

A few of the distance measuring equipment market players are Moog, Blue Quadrant, Indra, Systems Interface, ROCKWELL COLLINS, Cobham, Thales, Simkits,, AZIMUT JSC, and Intelcan Technosystems.

Global Distance Measuring Equipment Market is Segmented as Below:

By Type:

• Floor Standing
• Wall Mounted

By Application:

• Ground
• Aircraft

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Russia
  • Rest of Europe
• Asia Pacific
  • Japan
  • South Korea
  • India
  • China
  • Rest of Asia-Pacific
• LAMEA
  • Latin America
  • Middle East
  • Africa

Key Elements Included In The Study: Global Distance Measuring Equipment Market

• Distance Measuring Equipment Market by Product/Technology/Grade, Application/End-user, and Region
• Executive Summary (Opportunity Analysis and Key Trends)
• Historical Market Size and Estimates, Value, 2019 - 2022
• Market Value at Regional and Country Level, 2023 - 2030
• Market Dynamics and Economic Overview
• Market Size in Value, Growth Rates, and Forecast Figures, 2023 - 2030
• Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies 
• Regional and Product/Grade/Application/End-user Price Trends Analysis
• Value Chain and Five Force’s Analysis
• Regional/Sub-region/Country Market Size and Trend Analysis
• Company Market Share Analysis and Key Player Profiles

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Disclaimer:

• The segmentation/company profiles/countries depicted above may vary in the actual report.