QVI was recently awarded the "2013 Global Market Share Leadership Award in Vision Measuring Machines" from, the major market research organization.
Best Practice Award Analysis for Quality Vision International
The Frost & Sullivan Market Share Leadership Award is presented to the company that has demonstrated excellence in capturing the highest market share within its industry. The Award recognizes the company's leadership position within the industry in terms of revenues or units, as specified.
Quality Vision International’s Performance in Vision Measuring Machines Market
Quality Vision International (QVI) has achieved its market leadership position in the VMM market with 20.1 percent market share in 2012 (per Frost & Sullivan independent analysis). Frost & Sullivan attributes this achievement to QVI’s industry-leading innovation capabilities and the introduction of high-precision vision measuring machines.
That 20.1% market share is for the entire global category of "profile projectors, measuring microscopes, and multi-sensor systems." The research report they refer to says that there are 55 competitive companies with revenue greater than $1M. The top 3 competitors hold 50.3% share of the total.
Later in their summary report they say:
Frost & Sullivan analysis confirms that QVI has captured approximately 29.0 percent of the total multi-sensor systems market, making it the undisputed leader. With a stable product line that addresses the main concerns of its customers and steady technological advances for better measurement and analysis, QVI has built a market leadership position in the multi-sensor system segment.
We also reach the medical device industry (knee and hip implants among others). According to Frost:
Frost & Sullivan research reveals that QVI is estimated to have grabbed approximately 24.7 percent of the market share in dimensional metrology within the medical devices industry.
Their report concludes with this:
Through state-of-the-art products and strategic acquisitions, QVI has built its reputation as a customer-centric manufacturer that delivers solutions which are intended to truly enhance client efficiency. The company has accomplished success in the VMM market by leveraging its global brand name and strong technical background, thereby displaying true leadership qualities. In light of such achievements, Frost & Sullivan is proud to present the 2013 Global Market Share Leadership Award to QVI.
About Frost & Sullivan:
Frost & Sullivan leverages 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 40 offices on six continents.
QVI is a leader in our competitive space. This research and the associated award confirm it. Competition grows around us every day. New companies and new products challenge our leadership position. We win by providing products our customers value above those of the competition. We all play a part in the favorable QVI customer experience. We should all be proud to be part of such a significant company in the global metrology marketplace!