Coordinate Measuring Machine (CMM) Market - by 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

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.

28-Sep-2020 | Number of pages: 110 | Report Code: ZMR-3723 | Report Format : | Status : Published

Abstract

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.

Global Coordinate Measuring Machine (CMM) Market: Overview

The coordinate measuring machines are equipment used particularly for measuring the physical geometrical type of an object. CMM has majorly four key components: software, computer control system, machine, and probe contact or non-contact. Coordinate measuring machines have actually set the standard for consistency and precision of inspection for products across various manufacturing sectors. Technology developments for enhanced flexibility, ease of usage, and simplicity of the CMM are able to fulfil various inspection needs. The demand and popularity of the global coordinate measuring machine (CMM) market can be attributed to the increased product usage in various end-user industries, such as aerospace, automotive, electronics, and energy and power, among others, in the upcoming years.

Global Coordinate Measuring Machine (CMM) Market: Growth Factors

The major growth driver of the coordinate measuring machine (CMM) market is increasing the need for accurate dimensional validation and measurement of geometric precision in the manufacturing of aerospace, military, and automotive components and equipment across the globe. Others factors that are likely fuelling the expansion of the market for coordinate measuring machine (CMM) in the rising production agility requirements coupled with increasing popularity of portable coordinate measuring machine, substantial developments happening related to articulated arm machines and optical coordinate measuring machines, and huge investments made related to the launch and research and development of innovative software and sensors for enhanced sensitive and accurate measurements. Furthermore, the development of the global coordinate measuring machine (CMM) market can also be due to the increased product usage in various end-user industries, such as aerospace, automotive, electronics, and energy and power, among others.
Global Coordinate Measuring Machine (CMM) Market: Segmentation

The global coordinate measuring machines (CMM) market is segmented based on type, application, and industry. Based on the type, the coordinate measuring machines (CMM) market includes handheld, articulated arm, cantilever, and bridge. On the basis of application, the coordinate measuring machines (CMM) market is bifurcated into reverse engineering and quality control and inspection. By industry, the coordinate measuring machines (CMM) market includes heavy machinery, Défense and aerospace, and automotive.

Region-wise, the global market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Global Coordinate Measuring Machine (CMM) Market: Regional Analysis

The global coordinate measuring machine (CMM) market is classified into Europe, North America, the Middle East, and Africa, Latin America, and the Asia Pacific. The North America region is likely to hold a significant share in the coordinate measuring machine (CMM) market in the upcoming years. This can be attributed to the growing demand for high-performance machine equipment, such as high accuracy series of coordinate measuring machines. The Asia Pacific coordinate measuring machine (CMM) market is anticipated to register the highest rate of growth in the years ahead. The flourishing automotive and defence and aerospace setups in the Asia Pacific region are likely to be a significant growth factor of this regional market in the future. Emerging economies, such as China and India, are anticipated to be the main regional contributors.

Global Coordinate Measuring Machine (CMM) Market: Competitive Players

Some main participants of the Coordinate Measuring Machine (CMM) market are FARO Technologies, Carl Zeiss, Hexagon, Carl Zeiss, Mitutoyo Corporation, Tokyo Seimitsu, Keyence Corporation, Nikon Corporation, DUKIN, COORD3, Creaform, Perceptron, Metronor, International Metrology Systems, Sempre Group, Eley Metrology, Avon-Dynamic, Apex Metrology, Applied Automation Tech, Wenzel, and TRIMEK.

Coordinate Measuring Machine (CMM) Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Frequently Asked Questions

The major growth driver of the coordinate measuring machine (CMM) market is increasing the need for accurate dimensional validation and measurement of geometric precision in the manufacturing of aerospace, military, and automotive components and equipment across the globe

According to Zion Market Research, global demand for Coordinate Measuring Machine (CMM) market is expected to generate revenue of around USD 592.1 Million by end of 2026, growing at a CAGR of around 17.4% between 2020 and 2026.

The North America region is likely to hold a significant share in the coordinate measuring machine (CMM) market in the upcoming years. This can be attributed to the growing demand for high-performance machine equipment, such as high accuracy series of coordinate measuring machines.

Some main participants of the Coordinate Measuring Machine (CMM) market are FARO Technologies, Carl Zeiss, Hexagon, Carl Zeiss, Mitutoyo Corporation, Tokyo Seimitsu, Keyence Corporation, Nikon Corporation, DUKIN, COORD3, Creaform, Perceptron, Metronor, International Metrology Systems, Sempre Group, Eley Metrology, Avon-Dynamic, Apex Metrology, Applied Automation Tech, Wenzel, and TRIMEK among others.


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