The global demand for Coordinate Measuring Machine Market is presumed to reach the valuation of nearlyUSD 9.05 BN by 2030 from USD XX 4.44 Bn in 2022 with a CAGR of 9.3% under the study period of 2023-2030.
Coordinate measuring machine or CMM is a device used to measure the geometrical characteristics of a physical object. Various types of probes such as mechanical, optical, laser, and white light are attached to the moving axis of this machine to sense discrete points on the surface of the object. These machines are manually controlled by an operator and also can be controlled through a computer.
Market Dynamics
The highly accurate inspection of CMM owing to three-dimensional (3D) data for modeling and analysis is primarily driving the market growth. The growing interest in the industrial internet of things (IoT) and superior quality inspections is again propelling market growth. On the flip side, high cost incurred for setting up coordinate measuring machine facility is likely to hamper the market growth. Whereas, increasing demand for non-contact probing technology is expected to spur the opportunity over the forecast period.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of coordinate measuring machine.
Market Segmentation
The entire coordinate measuring machine market has been sub-categorized into product type, and end-user. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Offering
By Product Type
- Stationary (Bridge, Cantilever, Horizontal arm, Gantry CMM)
- Portable (Articulated Arms, Handheld)
By Application
- Inspection
- Reverse Engineering
By End User
- Automotive
- Aerospace & Defense
- Energy & Power
- Electronics
- Others
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for coordinate measuring machine market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Coordinate Measuring Machine Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the coordinate measuring machine market include Carl Zeiss AG, Creaform Inc., Eley Metrology, FARO Technologies, Inc., Hexagon AB, Keyence Corporation, Metronor, Mitutoyo Corporation, Nikon Metrology, and Tokyo Seimitsu Co. Ltd. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.