According to a new market research report published by Global Insight Services “Coordinate Measuring Machine (CMM) Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
A coordinate measuring machine (CMM) is a device that measures the physical geometry of an object. It does this by taking measurements at specific points on the object’s surface and then using these measurements to calculate the object’s dimensions. The measurements are typically taken with a laser or a touch probe, and the data is then analyzed by a computer.
CMM technology has been around for several decades, but it has only recently become widely used in manufacturing. This is due to the advances in computer technology that have made it possible to quickly and accurately analyze the data collected by the CMM.
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Key Players
- Carl Zeiss AG
- Creaform Inc.
- Eley Metrology
- FARO Technologies Inc.
- Hexagon AB
- Keyence Corporation
- Metronor
Key Trends and Drivers
The key drivers for the market growth are the increasing demand for quality control and inspection in the automotive and aerospace industries, and the growing adoption of 3D printing technology.
The automotive industry is the largest end-user of CMMs. The automotive industry is undergoing a shift from traditional manufacturing methods to 3D printing and additive manufacturing. This is resulting in the need for more accurate and precise measurement of automotive parts and components. As a result, the demand for CMMs in the automotive industry is expected to grow at a rapid pace during the forecast period.
The aerospace industry is the second-largest end-user of CMMs. The increasing demand for quality control and inspection in the aerospace industry is driving the growth of the CMM market. The aerospace industry is highly regulated, and there is a need for accurate and precise measurement of aerospace components. CMMs are used for the inspection of aircraft components, such as fuselage, wings, and engines.
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Market Segments
By Offering
- Product
- Services
By Product Type
- Stationary
- Portable
By Application
- Inspection
- Reverse Engineering
By End-User
- Automotive
- Aerospace & Defense
- Energy & Power
- Electronics
- Others
Reasons to buy Coordinate Measuring Machine (CMM) Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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