Coordinate Measuring Machine (CMM) Market

Coordinate Measuring Machine (CMM) Market was estimated at USD 2,789 Million in 2020 and projected to grow at 8.8% CAGR during the forecast period.

Introduction of the Coordinate Measuring Machine (CMM) Market Report

Coordinate Measuring Machine (CMM)s are devices that measure a physical device’s geometries. It helps to measure items that are difficult to measure with other measuring machines with high accuracy. CMMs are commonly used in manufacturing and assembly processes. CMMs are designed to perform different measurements, including dimensional, profile, angularity, depth mapping, digitizing, or imaging, and shaft.

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Market Dynamic

Key Drivers and Emerging Trends

The increase in use of 3D data modelling has created demand for advanced testing technologies and instruments to conduct R&D activities and manufacturing of large number of complex mechanical parts that find their applications in aerospace, auto parts, and others. CMMs gives the measurement from 3 dimensions- length, width, and height. Moreover, the rising need for validating the geometric accuracy in the manufacturing, automotive, aerospace, medical, electronics, energy and power are the factor for the increase in market growth of global Coordinate measuring machine. Manufacturing processes are getting complex with rising advancement in technologies and the need for accuracy and precision have become the topmost requirement.

Additionally, coordinate measuring machine are getting advanced with the Industrial Internet of Things (IIoT), helping manufacturers to share measurement details between facilities, customers, or suppliers, which is a part of the supply chain through a cloud platform. It will help to reduce manufacturing waste and minimize production errors. For instance, in 2021, Hexagon manufacturing Intelligence has launched non-contact sensor for use with coordinate measuring machine for consumer electronics and medical industries for additive manufacturing without applying damage pressure.

Restraint in the Coordinate Measuring Machine (CMM) Market

However, the major challenge faced with coordinate measuring machine is the lack of skilled laborers for handling the operations. CMMs require a high cost for setting up the whole facility. The cost of software and other supporting hardware such as computers and probes make the total cost very high, especially for manufacturers with low production capacity.

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Industry – Segment Analysis

Based on industry, the electronics segment is projected to witness higher growth in the coming years. In electronics industry coordinate measuring machine are used to check volume and uniformity of the various applications such as mobile phone, camera inspection, microelectronics, optoelectronics, and many more. The shift in preference of off-line quality inspection to in-line quality inspection to reduce time and get accurate measurement in electronics industry will further propel the market growth of global coordinate measuring machine. For instance, in 2020, Creaform announced new R-series of automated 3D scanning counter measure machine with more accurate and repeatable results with high resolution and maximum versatility.

Type – Segment Analysis

Based on type, the portable coordinate measuring machine segment is expected to witness higher growth in the coming years. Portable coordinate measuring machine are easy to carry and give a flexible performance in metrology activities. The working of an articulated arm is less complex and is used in point cloud inspection or reverse-engineering processes, proving quick measurements with the help of laser scanners. For instance, Trimos produces portable Coordinate measuring machine with standard ControlC software, which allows performing measurements such as distance, plain, line, point, circle.

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Regional – Segment Analysis

Based on region, the Asia Pacific region is projected to grow as the largest market for coordinate measuring machine globally during the forecast period due to the development in advance manufacturing technology and uses in various applications such as electronics, automotive, aerospace, and heavy machinery. For instance, Nikon metrology Inc., developed bridge coordinate measuring machine with laser scanners to acquire more points and improve the speed of inspection process for the sectors like aerospace, medical device, and automotive.

Top Market Players

Several leading companies in the market include Zeiss group, Hexagon manufacturing intelligence, Nikon corporation, Keyence corporation, Trimos, Wenzel group, Perceptron, Applied automation tech, Impact metrology system, Tokyo seimitsu Co. Ltd., and among others.

Key Developments:

• • In 2021, Nikon metrology launched NEXIV CNC video measuring system to reduce the time and effort needed to analyse workpieces. It has 60 new functions which will lead to significantly better performance in quality control as compared to previous model.
  • In 2021, Nikon metrology and MENA 3D announced to expand their sales partnership. This expansion will strengthen and develop the 3D metrology and laser scanning for the businesses with more excellent Nikon solutions.

Segments covered in the Report:

The coordinate measuring machine (CMM) market has been segmented based on industry, type, and region. Based on industry, the market is segmented into automotive, aerospace, heavy machinery, energy & power, electronics, medical. Based on type, market is segmented into fixed CMM, portable CMM.

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Key questions answered in this research report:

• • At what pace is global coordinate measuring machine market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in coordinate measuring machine market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global coordinate measuring machine market?
  • Which industry generated maximum revenues in 2020 and identify the most promising industry during the forecast period?
  • What is the various type of global coordinate measuring machine market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Coordinate Measuring Machine (CMM) Market by Industry

• • Automotive
  • Aerospace
  • Heavy machinery
  • Energy & power
  • Electronics
  • Medical

Global Coordinate Measuring Machine (CMM) Market by Type

• • Fixed CMM
  • Portable CMM

Global Coordinate Measuring Machine (CMM) Market by Region

• • North America Coordinate Measuring Machine (CMM) Market (Option 1: As a part of the free 25% customization)
    • North America Coordinate Measuring Machine (CMM) Market by Industry
    • North America Coordinate Measuring Machine (CMM) Market by Type
    • US Coordinate Measuring Machine (CMM) Market All-Up
    • Canada Coordinate Measuring Machine (CMM) Market All-Up
  • Europe Coordinate Measuring Machine (CMM) Market (Option 2: As a part of the free 25% customization)
    • Europe Coordinate Measuring Machine (CMM) Market by Industry
    • Europe Coordinate Measuring Machine (CMM) Market by Type
    • UK Coordinate Measuring Machine (CMM) Market All-Up
    • Germany Coordinate Measuring Machine (CMM) Market All-Up
    • France Coordinate Measuring Machine (CMM) Market All-Up
    • Spain Coordinate Measuring Machine (CMM) Market All-Up
    • Rest of Europe Coordinate Measuring Machine (CMM) Market All-Up
  • Asia-Pacific Coordinate Measuring Machine (CMM) Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Coordinate Measuring Machine (CMM) Market by Industry
    • Asia-Pacific Coordinate Measuring Machine (CMM) Market by Type
    • China Coordinate Measuring Machine (CMM) Market All-Up
    • India Coordinate Measuring Machine (CMM) Market All-Up
    • Japan Coordinate Measuring Machine (CMM) Market All-Up
    • Rest of APAC Coordinate Measuring Machine (CMM) Market All-Up
  • RoW Coordinate Measuring Machine (CMM) Market (Option 4: As a part of the free 25% customization)
    • RoW Coordinate Measuring Machine (CMM) Market by Industry
    • RoW Coordinate Measuring Machine (CMM) Market by Type
    • Brazil Coordinate Measuring Machine (CMM) Market All-Up
    • South Africa Coordinate Measuring Machine (CMM) Market All-Up
    • Saudi Arabia Coordinate Measuring Machine (CMM) Market All-Up
    • UAE Coordinate Measuring Machine (CMM) Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Coordinate Measuring Machine (CMM) Market All-Up

 Major Players Operating in the Coordinate Measuring Machine (CMM) market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Zeiss group
  • Hexagon manufacturing intelligence
  • Nikon corporation
  • Keyence corporation
  • Trimos
  • Wenzel group
  • Perceptron
  • Applied automation tech
  • Impact metrology system
  • Tokyo seimitsu Co. Ltd.