Global Distance, Angle, and Level Meters Market 2017-2021
About Distance, Angle and Level Meters
Distance meters are products used for determining the distance of an object with a high level of accuracy without any contact. Angle meters, also known as digital protractors are used for the measurement of angles with much higher accuracy than traditional angle measuring techniques. Level meters are used for measuring the straightness and flatness of surfaces. Distance, angle, and level meters are used in professions related to construction, such as carpentry and masonry, by locksmiths, etc.
Technavio’s analysts forecast the global distance, angle and level meters market to grow at a CAGR of 1.68% during the period 2017-2021. Covered in this report
The report covers the present scenario and the growth prospects of the global distance, angle and level meters market for 2017-2021. To calculate the market size, the report considers sales of new distance, angle and level meters.
The market is divided into the following segments based on geography:
Technavio's report, Global Distance, Angle and Level Meters Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
Technavio Announces the Publication of its Research Report – Global Distance, Angle and Level Meters Market 2017-2021
Technavio recognizes the following companies as the key players in the global distance, angle and level meters market: Bosch, Fortive, HEXAGON, Mitutoyo, and Stanley Black & Decker.
Other Prominent Vendors in the market are: FLIR Systems, Hilti, Makita, STABILA, and Trimble.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is miniaturization of sensors. The distance, angle, and level meter industry has come a long way through technological upgrades, changing from bulky to handheld sensors that weigh less than a pound. The core components of the distance, angle, and level meters are the photodiode transmitter and receiver.”
According to the report, one driver in the market is increasing number of floor plan apps. Vendors are looking to integrate distance, angle, and level meters with office workstations on a real-time basis. There are many apps that enable users to connect their smartphones or tablets with these meters. For example, ImageMeter is a mobile app that lets users connect their mobile devices with distance, angle, and level meters. With the app's help, users can record measurements of real world objects with better precision, ease, and speed than manual measurements and hand drawings.
Further, the report states that one challenge in the market is technical barriers restricting outdoor measurement. The distance, angle, and level meters market is limited by the accuracy of the equipment as the prices of these devices increase as their accuracy increases. Another key technical barrier is the difficulty associated with these devices in taking measurements under bright sunlight. Most of the distance meters are difficult to use in bright sunlight because of their sensitivity to light. Ninety percent of distance, angle, and level meters use laser.
Bosch, Fortive, HEXAGON, Mitutoyo, Stanley Black & Decker