28-Sep-2020 | Zion Market Research
According to the report published by Zion Market Research, global demand for Coordinate Measuring Machine (CMM) market was valued at approximately USD 3.2 Billion in 2019, and is expected to generate revenue of around USD 5.9 Billion by end of 2026, growing at a CAGR of around 10.73% between 2020 and 2026. A few major firms active in the coordinate measuring machine (CMM) market are Faro Technologies, Hexagon AB, Keyence Corporation, Nikon Corporation, Mitutoyo Corporation, Carl Zeiss, Perceptron, GOM, International Metrology Systems, Creaform, Inc., Trimek, Metronor, Wenzel, Applied Automation Tech, Avon-Dynamic, N. J. Metrology, The Sempre Group, Eley Metrology Limited, Tokyo Seimitsu Co., Ltd., and Apex Metrology Ltd.
Coordinate Measuring Machine (CMM) Market For Portable CMMs To Develop At Maximum CAGR In The Years To Come
Aerospace & defense and automotive are the major sectors for the Coordinate measuring machine (CMM) market and these industries sectors have began to accept portable systems such as handheld laser scanners and articulated arm for calculating produced key components and spare parts that are employed in airplanes or vehicles. The adoption rate of portable CMMs is predicted to rise in the years to come due to high accuracy and ease of operation shown by them.
Coordinate Measuring Machine (CMM) Market For Electronics Sector To Develop At A Noteworthy Rate During The Forecast Period
CMMs are employed for observing high-speed manufacturing and in-depth probe of a wide series of electronic goods, such as LCD, silicon wafers, microelectronics, MEMS, optoelectronics, and other electronic devices. As electronic elements turn out to be more intricate and smaller, the requirement to guarantee specific calculations is required, together with quality control.
Asia Pacific Predicted To Add Up For Biggest Market Size In The Years To Come
North America added for the biggest share of the market, followed closely by Asia Pacific and Europe. The development of the market in Europe was boosted by the solid government support to market the employment of factory automation solutions, thereby powering the acceptance of Industry 4.0. On the other hand, the Asia Pacific market surpassed the market of North America and Europe in 2017 and held the biggest share in 2019 too. This development can be credited to the rising requirement of CMMs in Japan and China particularly for sectors such as heavy machinery and electronics. Due to different government programs for strengthening manufacturing sector, Japan and China are the major nations adding to the development of the Asia Pacific coordinate measuring machine (CMM) market in the years to come.
Browse the full “Coordinate Measuring Machine (CMM) Type (Handheld, Articulated Arm, Cantilever, and Bridge), Application (Reverse Engineering, Quality control & Inspection), Industry (Heavy Machinery, Defence & Aerospace, and Automotive): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/coordinate-measuring-machine-market
The global coordinate measuring machine (CMM) market is segmented as follows:
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