Global Coordinate Measuring Machine (CMM) Market By Types (Fixed [Bridge, Cantilever, and Gantry], Portable [Articulated Arm and Handheld]), By Applications (Quality Control & Inspection, Reverse Engineering, Virtual Simulation, and others), By End-users (Automotive, Aerospace, Heavy Machinery, Energy & Power, Electronics, Medical, and others) and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The global coordinate measuring machine (CMM) market size was valued at ~USD 2.57 Bn in 2020 and is expected to reach ~USD 5.0 Bn by 2028, expanding at a CAGR of 8.8% during the forecast period, 2021-2028. Coordinating measuring machines are instruments that are intended to measure a material's physical geometrical qualities and attributes. These machines are composed of key components, including a computer control system, a machine, software, and either a probe contact or a probe non-contact. These machines are used by majority of industrial businesses, due to their advantages. Coordinate measuring machines have become the industry standard for the precision and dependability of product inspection in the industrial sectors. Technological advances to enhance the adaptability, convenience of use, and simplicity of coordinate measuring machines, as well as high precision capable of meeting inspection standards, are expected to drive the market.
Market Trends, Drivers, Restraints, and Opportunities:
- The potential of coordinate measuring machines to deliver precise inspection, owing to 3D data for analysis and modeling, is driving the market.
- The growing usage of metrology in the power industry, as well as the growth in electric car sales, are driving the global coordinate measuring machines market.
- Global shortage of skilled employees to handle CMM operations is expected to hamper the growth of the market.
- Increased use of CAD/CAM and international quality standards throughout the world support market development.
Scope of the report:
The report on the global coordinate measuring machine market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
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Attributes |
Details |
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Report Title |
Coordinate Measuring Machine (CMM) Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018 & 2019 |
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Forecast Period |
2021-2028 |
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Segmentation |
Types (Fixed [Bridge, Cantilever, and Gantry], Portable [Articulated Arm and Handheld]), Applications (Quality Control & Inspection, Reverse Engineering, Virtual Simulation, and others), End-users (Automotive, Aerospace, Heavy Machinery, Energy & Power, Electronics, Medical, and others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast |
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Key Players covered in the Report |
FARO Technologies, Inc., Hexagon AB, Nikon Metrology, Inc., Mitutoyo Corporation, KEYENCE CORPORATION., Perceptron, Inc., WENZEL Group, RedLux Limited, IMPACT Metrology Systems Ltd, and Sipcon Instrument Industries. |
Global Coordinate Measuring Machine (CMM) Market Segment Insights:
High use of bridge type of CMM to drive the market
Based on types, the global coordinate measuring machine market is segmented into fixed and portable. The fixed segment has been further divided into bridge, cantilever, and gantry. The portable segment is further divided into articulated arm and handheld. The bridge segment accounted for a significant share of the market and is expected to expand at a substantial CAGR over the forecast period. The bridge segment is a widely used coordinate measuring machine across the globe.
Wide range of applications of CMM to drive the market
On the basis of applications, the global coordinate measuring machine market is segmented into quality control & inspection, reverse engineering, virtual simulation, and others. The reverse engineering segment is expected to expand at a substantial CAGR throughout the forecast period, as it is related to a wide range of applications, including automobile body components, turbine blades, gears, engine parts, antennas, boat parts, and medical implants.
High use of CMM in electronics to drive the market
Based on end-users, the global coordinate measuring machine market is segmented into automotive, aerospace, heavy machinery, energy & power, electronics, medical, and others. The electronics segment is anticipated to expand at a significant rate throughout the forecast period. CMM is used for in-depth research and monitoring of high-speed manufacture of a variety of electronic goods, including liquid crystal displays (LCD), silicon wafers, microelectronics, micro-electromechanical systems (MEMS), optoelectronics, and electronic devices placed on multilayer PCBs.
High demand for CMM in Asia Pacific to drive the market
In terms of regions, the global coordinate measuring machine market is split into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The market in Asia Pacific is expanding at a substantial rate and represents significant potential for the automobile sector, which is being driven by population growth in the region. The heavy machinery sector is rapidly expanding, which fueled the need for CMMs in India and China. Rising automation awareness, as well as the increased emphasis of major nations such as China and Japan on heavy machinery sectors, are some of the key reasons supporting the significant share of Asia Pacific in the global coordinate measuring machine (CMM) market.
Segments
Types- Fixed
- Bridge
- Cantilever
- Gantry
- Portable
- Articulated Arm
- Handheld
- Quality Control & Inspection
- Reverse Engineering
- Virtual Simulation
- Others
- Automotive
- Aerospace
- Heavy Machinery
- Energy & Power
- Electronics
- Medical
- Others
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East & Africa
- FARO Technologies, Inc
- Hexagon AB
- Nikon Metrology, Inc
- Mitutoyo Corporation
- KEYENCE CORPORATION
- Perceptron, Inc
- WENZEL Group
- RedLux Limited
- IMPACT Metrology Systems Ltd
- Sipcon Instrument Industries
Competitive Landscape
Key players in the global coordinate measuring market include FARO Technologies, Inc., Hexagon AB, Nikon Metrology, Inc., Mitutoyo Corporation, KEYENCE CORPORATION., Perceptron, Inc., WENZEL Group, RedLux Limited, IMPACT Metrology Systems Ltd, and Sipcon Instrument Industries.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Coordinate Measuring Machine (CMM) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Coordinate Measuring Machine (CMM) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Coordinate Measuring Machine (CMM) Market - Supply Chain
4.5. Global Coordinate Measuring Machine (CMM) Market Forecast
4.5.1. Coordinate Measuring Machine (CMM) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Coordinate Measuring Machine (CMM) Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Coordinate Measuring Machine (CMM) Market Absolute $ Opportunity
5. Global Coordinate Measuring Machine (CMM) Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Coordinate Measuring Machine (CMM) Market Size and Volume Forecast by Applications
5.3.1. Quality Control & Inspection Reverse Engineering Virtual Simulation Others
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Coordinate Measuring Machine (CMM) Market Analysis and Forecast by End Users
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by End Users
6.2.2. Y-o-Y Growth Projections by End Users
6.3. Coordinate Measuring Machine (CMM) Market Size and Volume Forecast by End Users
6.3.1. Automotive Aerospace Heavy Machinery Energy & Power Electronics Medical
6.4. Absolute $ Opportunity Assessment by End Users
6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Coordinate Measuring Machine (CMM) Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Coordinate Measuring Machine (CMM) Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Coordinate Measuring Machine (CMM) Demand Share Forecast, 2019-2026
8. North America Coordinate Measuring Machine (CMM) Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Coordinate Measuring Machine (CMM) Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Coordinate Measuring Machine (CMM) Market Size and Volume Forecast by Applications
8.4.1. Quality Control & Inspection Reverse Engineering Virtual Simulation Others
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. North America Coordinate Measuring Machine (CMM) Market Size and Volume Forecast by End Users
8.7.1. Automotive Aerospace Heavy Machinery Energy & Power Electronics Medical
8.8. Basis Point Share (BPS) Analysis by End Users
8.9. Y-o-Y Growth Projections by End Users
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Coordinate Measuring Machine (CMM) Demand Share Forecast, 2019-2026
9. Latin America Coordinate Measuring Machine (CMM) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Coordinate Measuring Machine (CMM) Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Coordinate Measuring Machine (CMM) Market Size and Volume Forecast by Applications
9.4.1. Quality Control & Inspection Reverse Engineering Virtual Simulation Others
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Latin America Coordinate Measuring Machine (CMM) Market Size and Volume Forecast by End Users
9.7.1. Automotive Aerospace Heavy Machinery Energy & Power Electronics Medical
9.8. Basis Point Share (BPS) Analysis by End Users
9.9. Y-o-Y Growth Projections by End Users
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Coordinate Measuring Machine (CMM) Demand Share Forecast, 2019-2026
10. Europe Coordinate Measuring Machine (CMM) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Coordinate Measuring Machine (CMM) Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Coordinate Measuring Machine (CMM) Market Size and Volume Forecast by Applications
10.4.1. Quality Control & Inspection Reverse Engineering Virtual Simulation Others
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Europe Coordinate Measuring Machine (CMM) Market Size and Volume Forecast by End Users
10.7.1. Automotive Aerospace Heavy Machinery Energy & Power Electronics Medical
10.8. Basis Point Share (BPS) Analysis by End Users
10.9. Y-o-Y Growth Projections by End Users
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Coordinate Measuring Machine (CMM) Demand Share Forecast, 2019-2026
11. Asia Pacific Coordinate Measuring Machine (CMM) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Coordinate Measuring Machine (CMM) Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Coordinate Measuring Machine (CMM) Market Size and Volume Forecast by Applications
11.4.1. Quality Control & Inspection Reverse Engineering Virtual Simulation Others
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Asia Pacific Coordinate Measuring Machine (CMM) Market Size and Volume Forecast by End Users
11.7.1. Automotive Aerospace Heavy Machinery Energy & Power Electronics Medical
11.8. Basis Point Share (BPS) Analysis by End Users
11.9. Y-o-Y Growth Projections by End Users
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Coordinate Measuring Machine (CMM) Demand Share Forecast, 2019-2026
12. Middle East & Africa Coordinate Measuring Machine (CMM) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Coordinate Measuring Machine (CMM) Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Coordinate Measuring Machine (CMM) Market Size and Volume Forecast by Applications
12.4.1. Quality Control & Inspection Reverse Engineering Virtual Simulation Others
12.5. Basis Point Share (BPS) Analysis by Applications
12.6. Y-o-Y Growth Projections by Applications
12.7. Middle East & Africa Coordinate Measuring Machine (CMM) Market Size and Volume Forecast by End Users
12.7.1. Automotive Aerospace Heavy Machinery Energy & Power Electronics Medical
12.8. Basis Point Share (BPS) Analysis by End Users
12.9. Y-o-Y Growth Projections by End Users
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Coordinate Measuring Machine (CMM) Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Coordinate Measuring Machine (CMM) Market: Market Share Analysis
13.2. Coordinate Measuring Machine (CMM) Distributors and Customers
13.3. Coordinate Measuring Machine (CMM) Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. FARO Technologies, Inc Hexagon AB Nikon Metrology, Inc Mitutoyo Corporation KEYENCE CORPORATION Perceptron, Inc
- Fixed
- Bridge
- Cantilever
- Gantry
- Portable
- Articulated Arm
- Handheld
- Quality Control & Inspection
- Reverse Engineering
- Virtual Simulation
- Others
- Automotive
- Aerospace
- Heavy Machinery
- Energy & Power
- Electronics
- Medical
- Others
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East & Africa
- FARO Technologies, Inc
- Hexagon AB
- Nikon Metrology, Inc
- Mitutoyo Corporation
- KEYENCE CORPORATION
- Perceptron, Inc
- WENZEL Group
- RedLux Limited
- IMPACT Metrology Systems Ltd
- Sipcon Instrument Industries
Key players in the global coordinate measuring market include FARO Technologies, Inc., Hexagon AB, Nikon Metrology, Inc., Mitutoyo Corporation, KEYENCE CORPORATION., Perceptron, Inc., WENZEL Group, RedLux Limited, IMPACT Metrology Systems Ltd, and Sipcon Instrument Industries.
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