Market definition of the Coordinate Measuring Machine (CMM) Measurement Systems Market along with the breakdown of different prompting factors like drivers, limitations, and opportunities. Broad research on the competitive landscape of the international Coordinate Measuring Machine (CMM) Measurement Systems Market. Documentation and study of local and global factors that will affect the market's development. A complete catalog of key market players working in the Coordinate Measuring Machine (CMM) Measurement Systems Market. Also, it gives an examination of the different market segmentations, by type, size, applications, region, and by end-users. It provides a descriptive survey of demand-supply chaining in the Coordinate Measuring Machine (CMM) Measurement Systems Market.
Coordinate Measuring Machine (CMM) Market by Type (Fixed CMM, Portable CMM), Industry (Automotive, Aerospace, Heavy Machinery, Energy & Power, Electronics, Medical), and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
Market Overview
The coordinate measuring machine (CMM) market size is projected to reach a CAGR of 9.8% from 2021 to 2028.
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In the CMM market, coordinate measuring machines are used to test components or assemblies against the design fixed in the manufacturing and assembly process. The three-dimensional measurement consisting of x, y, and z axes points are precisely recorded and analyzed via regression algorithm for different types of construction or design of equipment. The day-to-day advancement of industries requires highly precise and accurate measurement, which incurs huge cost and time. The design ranging from small equipment to large, needs accuracy. The various activities such as measurement of objects for testing, design, assessment, reverse engineering, and others can be easily performed using these devices in the CMM market.
The growing use of 3D data in modeling and analytical applications, increasing R&D spending on developing metrology products, and the thriving automotive sector are some of the factors that have supported the long-term expansion of the Coordinate Measuring Machine (CMM) Measurement Systems Market.
COVID-19 had a negative effect on the CMM market, resulting in decreased shipments of CMM and the revenues generated from them. As a result, a drop was witnessed in the growth trend of the market during the first half of 2020.
Regional Analysis
Asia Pacific is the most rapidly growing market and offers a huge opportunity for the automotive industry, whose growth is driven by the growing population. The heavy machinery industry is booming rapidly, which, in turn, has driven the market for CMMs in India and China.
Key Players
- Carl Zeiss AG
- Creaform Inc.
- Eley Metrology
- FARO Technologies, Inc.
- Hexagon AB
- Keyence Corporation
- Metronor
- Mitutoyo Corporation
- Nikon Metrology
- Tokyo Seimitsu Co. Ltd
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Recent Developments
- In June 2021, Nikon Corporation (Nikon) released the NEXIV CNC Video Measuring System model range that includes VMZ-S4540 and VMZS6555, suitable for inline, automated dimensional measurement.
- In June 2021, ZEISS CALYPSO 2021 reduces the time and effort needed to analyse workpieces. It has over 60 new functions and improvements, which will lead to significantly better performance in quality control. With improved mathematical algorithms and other innovations, the measurement results are now available 20 times faster than with ZEISS CALYPSO 2020.
Reasons to Acquire
- Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
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- Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
- In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
Table of Contents
Coordinate Measuring Machine (CMM) Measurement Systems Market is segmented into type, industry and region.
On the basis of Type
- Fixed CMM
- Portable CMM
On the basis of Industry
- Automotive
- Aerospace
- Heavy Machinery
- Energy & Power
- Electronics
- Medical
- Others
On the basis of Region
- Asia Pacific
- North America
- Europe
- South America
- Middle East & Africa
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