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Coordinate Measuring Machine (CMM) Market Size, Share | 2031

Global Coordinate Measuring Machine (CMM) Market

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Segments - 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 2023 – 2031

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Report Description

The global coordinate measuring machine (CMM) market size was valued at around USD 3.04 billion in 2022 and is estimated to reach USD 6.49 billion by 2031, expanding at a CAGR of around 8.8% during the forecast period, 2023 – 2031. 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.

Attributes	Details
Report Title	Coordinate Measuring Machine (CMM) Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016 & 2021
Forecast Period	2023-2031
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)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast
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

Applications

Quality Control & Inspection
Reverse Engineering
Virtual Simulation
Others

End-users

Automotive
Aerospace
Heavy Machinery
Energy & Power
Electronics
Medical
Others

Regions

North America
Europe
Latin America
Asia Pacific
Middle East & Africa

Key Players

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.

Table Of Content

1. Executive Summary
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 (000â€™ 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
     5.3.2. Reverse Engineering
     5.3.3. Virtual Simulation
     5.3.4. 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
     6.3.2. Aerospace
     6.3.3. Heavy Machinery
     6.3.4. Energy & Power
     6.3.5. Electronics
     6.3.6. Medical
     6.3.7. Others
  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
     8.4.2. Reverse Engineering
     8.4.3. Virtual Simulation
     8.4.4. 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
     8.7.2. Aerospace
     8.7.3. Heavy Machinery
     8.7.4. Energy & Power
     8.7.5. Electronics
     8.7.6. Medical
     8.7.7. Others
  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
     9.4.2. Reverse Engineering
     9.4.3. Virtual Simulation
     9.4.4. 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
     9.7.2. Aerospace
     9.7.3. Heavy Machinery
     9.7.4. Energy & Power
     9.7.5. Electronics
     9.7.6. Medical
     9.7.7. Others
  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
     10.4.2. Reverse Engineering
     10.4.3. Virtual Simulation
     10.4.4. 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
     10.7.2. Aerospace
     10.7.3. Heavy Machinery
     10.7.4. Energy & Power
     10.7.5. Electronics
     10.7.6. Medical
     10.7.7. Others
  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
     11.4.2. Reverse Engineering
     11.4.3. Virtual Simulation
     11.4.4. 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
     11.7.2. Aerospace
     11.7.3. Heavy Machinery
     11.7.4. Energy & Power
     11.7.5. Electronics
     11.7.6. Medical
     11.7.7. Others
  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
     12.4.2. Reverse Engineering
     12.4.3. Virtual Simulation
     12.4.4. 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
     12.7.2. Aerospace
     12.7.3. Heavy Machinery
     12.7.4. Energy & Power
     12.7.5. Electronics
     12.7.6. Medical
     12.7.7. Others
  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
     13.4.2. Hexagon AB
     13.4.3. Nikon Metrology, Inc
     13.4.4. Mitutoyo Corporation
     13.4.5. KEYENCE CORPORATION
     13.4.6. Perceptron, Inc
     13.4.7. WENZEL Group
     13.4.8. RedLux Limited
     13.4.9. IMPACT Metrology Systems Ltd
     13.4.10. Sipcon Instrument Industries

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