Global stroboscope market size was US$ Bn in 2019

   2020-09-14       19        Business
Rating :
Global stroboscope market size was US$ Bn in 2019 and is expected to reach US$ Bn by 2027, at a CAGR of 6.8% during the forecast period.

Global stroboscope market size was US$  Bn in 2019 and is expected to reach US$ Bn by 2027, at a CAGR of 6.8% during the forecast period.

Global Stroboscope Market

The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.

Market Definition

A stroboscope is an instrument that is used to measure and determine the revolution velocity or rotation speed and frequency of moving, rotating, or vibrating parts of certain equipment and components. It is also known as strobe tachometer or strobe light.

Market Dynamics

A surge in the adoption of stroboscope for a wide range of applications such as for maintenance, industry, quality assurance, production and research and development applications are major driving factors behind the growth of the market. Increasing manufacturing and adoption of stroboscopes for speed measurement and visual inspection application, rising demand for stroboscopes from engine and automotive sector, growing market for automobile industry and surge in the adoption of digital stroboscope owing to its accurate and reliable speed measurements and stop-motion analytic inspection features are expected to improve the growth of the market during the forecast period.

However, possibility of functioning error and low-speed drawbacks related with stroboscope instruments are major restraining factors that could hamper the growth of the market.

Global Stroboscope Market: Segmentation Analysis

By type, the portable stroboscope segment dominated the market in 2019 and is projected to witness fast growth at a CAGR of during the forecast period. Portable stroboscopes are handheld stroboscope instruments which is designed to measure speed, to observe the various machineries, to monitor vibration of equipment and to perform various inspection tasks. The increasing manufacturing of portable spectrometer with the integration of laser, LED, advanced sensors, and advanced battery solutions is a major driving factor behind the growth of the market. Portable stroboscopes provide essential features such as lightweight body, high intensity, high brightness, and rechargeable, removable battery pack, which make them most ideal choice for various applications such as motor speed measurement, educational use and for visual inspection of high-speed movement.

Global Stroboscope Market: Key Trends

• Rising adoption of stroboscopes in medical applications to examine or to observe the vocal cords for diagnosis of situations that have produced a hoarse voice or dysphonia.
• Increasing trend of using stroboscope in various gramophone turntables.

Global Stroboscope Market: Regional Analysis

Region-wise, Asia Pacific held the largest market share in 2019 and is expected to maintain its dominance at a CAGR of  during the forecast period. Countries such as China, Japan, India, and South Korea are the major key contributors behind the growth of the market. The growth is attributed to the high adoption of stroboscopes in the automotive and engine industries across the globe.
Growing adoption of stroboscopes in medical industry for the applications such as visual inspection of medical devices, rising demand for strobe lights for underwater photography applications, and growing use of stroboscopes in industries such as textile, printing and paper, medical, packaging, and many other industries is driving the growth of the market.

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