Optical extensometer market is anticipated to grow at a CAGR of 4.3% during the forecast period. The optical extensometers are widely used in manufacturing and material testing procedures to reliably detect strain, and deformation. The optical extensometers have sophisticated features and increased measuring capabilities that attracts manufacturing industries.

The need for optical extensometers is increasing as enterprises attempt to improve product quality, optimise manufacturing processes, and maintain compliance with safety requirements. Continuous improvements in optical sensing technology have resulted in the creation of high-performance and accurate optical extensometers. These devices use optical concepts such as interferometry, moire patterns, and image processing to precisely quantify strain and deformation. 

Optical extensometers are increasingly adopted in R&D programs, particularly in the materials science, civil engineering, aerospace, and automotive sectors. These extensometers allow researchers and engineers to correctly analyse the mechanical characteristics and behaviour of materials, allowing for the creation of new products and materials.

Moreover, the use of Industry 4.0 principles and automation in industrial processes is increasing demand for sophisticated measuring and sensor systems. Optical extensometers work well with automation systems, allowing for real-time strain and deformation monitoring and control. The capacity to gather and analyse data in real time aids predictive maintenance, process optimisation, and quality control, all of which contribute to market growth.

Governments, academic institutions, and private firms are all investing heavily in R&D operations across a wide range of industries. These expenditures are propelling scientific progress, resulting in the creation of modern optical extensometers with better precision, dependability, and usefulness. The rising R&D landscape is favourably impacting the optical extensometer market's growth.

Rapid industrialization, infrastructural development, and the quest of sophisticated manufacturing capabilities are driving increased awareness and implementation of optical extensometers in emerging economies. The demand for optical extensometers is predicted to expand as these economies focus on improving product quality, assuring safety, and adhering to international standards.

Segmental Outlook

The global optical extensometer market is segmented based on type and application. Based on type, the market is segmented into video extensometer, and laser extensometer. Based on application, the market is segmented into industry, mining, geotechnical engineering, and others.

North America Region held Considerable Share in the Global Optical Extensometer Market 

The market for optical extensometers is ruled by North America, primarily the US. The presence of various significant firms, as well as technological developments in the field of materials testing and research, distinguish the region. Materials testing is critical in industries such as aerospace, automotive, and manufacturing, creating a demand for optical extensometers. The well-established infrastructure and research institutes contribute to the region's market growth.

Recent Developments

• In 2020, MTS announced the MTS Landmark 500, a flexible static and fatigue testing system suitable for a variety of applications. The Landmark 500 provides extensive control capabilities, high-performance servohydraulic technology, and testing setup versatility.

• In September 2021, Tinius Olsen introduced the MP1200 Melt Flow Indexer, a testing tool for measuring thermoplastic melt flow parameters. The MP1200 provides powerful automation, user-friendly software, and precise temperature control for accurate and repeatable testing.

Market Coverage

? The market number available for – 2022-2030

? Base year- 2022

? Forecast period- 2023-2030

? Competitive Landscape- A&D Company, Limited, Tinius Olsen, Instron, Shimadzu Corporation, MTS Systems Corporation, among others.

Global Optical Extensometer Market Report Segment

By Type

• Video Extensometer
• Laser Extensometer

By Application

• Industry
• Mining
• Geotechnical Engineering
• Others

Global Optical Extensometer Market Report Segment by Region

North America

? United States

? Canada

Europe

? UK

? Germany

? Italy

? Spain

? France

? Rest of Europe 

Asia-Pacific

? China

? India

? Japan

? South Korea

? Rest of Asia-Pacific 

Rest of the World

? Latin America 

? Middle East & Africa