The global coordinate measuring machine (CMM) market is of significant importance in various industries that require precise and accurate measurement solutions. CMMs are extensively used in automotive, aerospace, electronics, medical, and other manufacturing sectors for quality control, inspection, dimensional analysis, reverse engineering, and research and development purposes. They play a vital role in ensuring product quality, improving manufacturing processes, enhancing productivity, and meeting industry standards and regulatory requirements, thus contributing to overall operational efficiency and customer satisfaction.
Access Full Report: https://databridgemarketresearch.com/reports/global-coordinate-measuring-machine-market
Data Bridge Market Research analyses that the Global Coordinate Measuring Machine Market value was USD 661.22 Million in 2021, and is anticipated to reach USD 1146.33 million in 2029 with a CAGR of around 7.12% during the forecast period from 2022 to 2029. Advances in technology, such as the development of high-precision sensors, improved software algorithms, and the integration of automation and robotics, have enhanced the capabilities and performance of coordinate measuring machines (CMMs). These technological advancements have led to increased accuracy, speed, and efficiency in measurement processes, driving the demand for CMMs.
Key Findings of the Study
The rise in industrial automation is expected to drive the market's growth rate
The adoption of automation and Industry 4.0 principles in manufacturing processes has led to the integration of CMMs market into automated production lines. CMMs are used for in-line inspection, process monitoring, and real-time feedback, enabling manufacturers to achieve higher productivity, reduce costs, and enhance overall process efficiency.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2021 (Customizable to 2014-2019)
|
|
Quantitative Units
|
Revenue in USD Billion, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Offering (Product, Services), Product Type (Stationary, Portable), Application (Inspection, Reverse Engineering), End User (Automotive, Aerospace and Defense, Energy and Power, Electronics, and Others)
|
|
Countries Covered
|
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
|
|
Market Players Covered
|
Carl Zeiss AG (Germany), Creaform Eley Metrology (Canada), FARO Technologies, Inc. (U.S.), HEXAGON (Sweden), KEYENCE CORPORATION (Japan), Metronor (Norway), Mitutoyo Corporation (Japan), Nikon Metrology NV (Belgium), Tokyo Seimitsu Kan Co., Ltd. (Japan), among others.
|
|
Data Points Covered in the Report
|
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
|
Segment Analysis:
The coordinate measuring machine market is segmented on the basis of offering, product type, application, and end user.
- On the basis of offering, the coordinate measuring machine market is segmented into the coordinate measuring machine market is segmented into product and services. The product segment dominates due to its wide range of applications and capabilities. CMMs are highly accurate and versatile measurement devices used in various industries such as automotive, aerospace, and manufacturing in the forecast period of 2022-2029.
- On the basis of product type, the coordinate measuring machine market is segmented into stationary and portable. Stationary segment dominates the coordinate measuring machine market due to widespread use and higher accuracy requirements in various industries. Stationary CMMs offer a stable and fixed measurement environment, ensuring precise and repeatable measurements for large and complex parts during the forecast period of 2022 to 2029.
- On the basis of application, the coordinate measuring machine market is segmented into inspection and reverse engineering. The inspection segment dominates due to its wide application across industries for quality control and dimensional measurement purposes. CMMs are extensively used in the inspection process to verify the accuracy, precision, and compliance of manufactured components with design specifications in the forecast period of 2022 to 2029.
In 2022, the inspection segment dominates the application segment in the coordinate measuring machine market
In 2022, the inspection segment dominates the application segment in the coordinate measuring machine market because inspection is a primary use of CMMs, offering precise and accurate measurement capabilities for quality control and dimensional analysis in industries such as automotive, aerospace, and manufacturing. CMMs enable the inspection of complex components and ensure adherence to specifications and tolerances in the forecast period of 2022 to 2029.
- On the basis of end user, the coordinate measuring machine market is segmented into automotive, aerospace and defense, energy and power, electronics, and others. The electronics and electrical sector dominates segment of end user segment with a CAGR of 8.3% owing to the electronics industry extensively uses CMMs to ensure the precise measurement of components, circuit boards, and other electronic parts in the forecast period of 2022-2029
In 2022 the electronics and electrical sector dominates segment of end user segment in global coordinate measuring machine
In 2022 the electronics and electrical sector dominates segment of end user segment in global coordinate measuring machine the global coordinate measuring machine (CMM) market with a CAGR of 8.3% due to electronics industry extensively uses CMMs to ensure the precise measurement of components, circuit boards, and other electronic parts. CMMs help manufacturers maintain quality standards, verify product specifications, and identify any defects or deviations in the manufacturing process. The demand for CMMs in the electronics sector is driven by the need for tight tolerances and precise measurements in electronic devices in the forecast period of 2022 to 2029
Major Players
Data Bridge Market Research recognizes the following companies as the major global coordinate measuring machine market players in global coordinate measuring machine market are Carl Zeiss AG (Germany), Creaform Eley Metrology (Canada), FARO Technologies, Inc. (U.S.), HEXAGON (Sweden), KEYENCE CORPORATION (Japan),.
Market Development
- In June 2021,Nikon released the NEXIV CNC Video Measuring System models VMZ-S4540 and VMZ-S6555, designed for automated dimensional measurement in inline processes.
- In June 2021 ZEISS introduced CALYPSO 2021, offering over 60 new functions and improvements to enhance workpiece analysis in quality control, providing measurement results 20 times faster than CALYPSO 2020.
- In May 2021, Mena3D and Nikon Metrology expanded their sales partnership to provide metrology and optical inspection solutions in the Middle East and North Africa.
- In May 2021 ZEISS announced plans to acquire Capture 3D, a US partner for GOM's 3D non-contact measuring solutions, to expand its national coverage in the US for the Industrial Quality & Research segment.
- In May 2021, Hexagon’s Manufacturing Intelligence division opened a Technology Center in Montreal, Canada, in partnership with Leica Geosystems. The center showcases advanced solutions for production, automation, metrology, and reality-capture applications, providing an in-person experience for Québec manufacturers.
Regional Analysis
Geographically, the countries covered in the global coordinate measuring machine market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
North America is the dominant region in the global coordinate measuring machine market during the forecast period 2022 to 2029
North America dominated the Global coordinate measuring machine market owing to the higher level of investments by U.S. manufacturers and the increasing prevalence of diabetes in U.S. North America will continue to dominate the Global coordinate measuring machine market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the growing adoption of advanced technology and the launch of new products in this region. Additionally, the increasing number of cases of chronic wounds and the rising geriatric population are expected to further enhance the market's growth rate in this region.
Asia-Pacific is estimated to be the fastest growing region in the global coordinate measuring machine market for the forecast period 2022 to 2029
Asia-Pacific is expected to grow during the forecast period due to the presence of major market players and the rapid development of medical facilities in emerging economies in this region. In addition to this, rising levels of healthcare expenditure and increasing per-capita income are expected to propel the market's growth rate in this region.
For more detailed information about the Global coordinate measuring machine market report, click here – https://www.databridgemarketresearch.com/reports/global-coordinate-measuring-machine-market
