Coordinate Measuring Machine (CMM) Measurement Systems Market - Trends Forecast Till 2028

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)

Published Date: December, 2021

Base Year Estimate: 2020

Report ID: D-SE-CMMMSM-1066

Format:  

Number of Pages: 329

Domain: Semiconductors & Electronics

Coordinate Measuring Machine (CMM) Measurement Systems Market – Trends Forecast Till 2028

The coordinate measuring machine (CMM) market size is projected to reach a CAGR of 9.8% from 2021 to 2028.

In the CMM market, coordinate measuring machines are used to test components or assembly against the design fixed in 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 an equipment. The day-to-day advancement of industries requires highly precise and accurate measurement, which incurs huge cost and time. The design ranging from a small equipment to large, needs accuracy. The various activities such as measurement of objects for testing, design, assessment, or reverse engineering, and others can be easily performed using these devices in the CMM market.

Growing use of 3D data in modelling and analytical applications, increasing R&D spending on developing metrology products, and thriving automotive sector are some of the factors that have supported long-term expansion for 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.

Coordinate Measuring Machine (CMM) Measurement Systems Market Size 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.

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

Insights are provided for each region and major countries within the regions

Coordinate Measuring Machine (CMM) Measurement Systems Market Primary Respondent

 

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

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
  • Gain authentic and granular data access for Coordinate Measuring Machine (CMM) Measurement Systems Market so as to understand the trends and the factors involved behind changing market situations
  • 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

Report Scope

 

Report Feature

Descriptions

Growth Rate

CAGR of 9.8% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD billion and CAGR from 2021 to 2028

Report Segmentation

type, industry and region.

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Carl Zeiss AG, Creaform Inc., Eley Metrology, FARO Technologies, Inc., Hexagon AB, Keyence Corporation, Metronor, Mitutoyo Corporation, Nikon Metrology, and Tokyo Seimitsu Co. Ltd

Available Customization

In addition to the market data for Coordinate Measuring Machine (CMM) Measurement Systems Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.

Please complete the form below:

This website is secure and your personal details are safe. Privacy Policy

Please complete the form below:

This website is secure and your personal details are safe. Privacy Policy

Please complete the form below:

This website is secure and your personal details are safe. Privacy Policy

Choose License Type
Global: 50+ Countries

Note: Report data and information will be by Country.


Regional Report

Note: Report data and information will be by Country.


Country Specific Report

Bundle Reports

50% Discount on all additional reports  

Special Pricing

Avail customised purchase options to meet your specific research requirements.

Custom Tailored Services

Delvens. offers transformed research reports where syndicated reports are not sufficient to provide solutions to your business.

Subscription Model

Get latest and trending updates throughout the year on the reports you buy.