Coordinate Measuring Machine Market Trends

  • Report ID: 5118
  • Published Date: Nov 08, 2024
  • Report Format: PDF, PPT

Coordinate Measuring Machine Market Trends

Growth Drivers

  • Automation and Industry 4.0 Integration: The digital transformation of CMMs with automation and Industry 4.0 technologies is driving market growth. In 2021 the number of acquisitions related to Industry 4.0 reached its point surpassing 130. This represents an increase of 115%, over the past decade. Advanced CMM systems now feature automation capabilities, including robotic loading and unloading, automated data collection, and real-time monitoring. This integration enhances productivity, reduces manual intervention, and enables seamless integration into smart manufacturing environments.
  • A Rapid Expansion of The Number Of 'Shop-Friendly' CMMs - There has been an increase in the number of CMMs designed to be user-friendly and placed directly on the production floor to keep up with production rates. For instance, the Zeiss Duramax maximizes the use of its footprint as a large portion of the floor space is dedicated to measuring volume. Its open-frame design makes it suitable for automation. Further, a robotic part loading system for CMMs has also been launched by Hexagon's Manufacturing Intelligence division designed to allow manufacturers to maintain inspection throughput without requiring operator intervention.
  • Advancements in CMM Technology: Technological advancements in CMMs, such as improved accuracy, faster scanning speeds, enhanced software capabilities, and the integration of non-contact measurement techniques (such as optical and laser scanning), are driving market growth. These advancements enable more efficient and comprehensive measurement capabilities, reducing inspection time and increasing overall productivity.

Challenges

  • Increasing Complexity of Technology: A CMM is a complex machine that requires skilled operators with metrology and measurement expertise. As technology advances and evolves, it can be difficult to train and retain qualified personnel to operate and maintain CMMs. Additionally, since CMMs are highly complex machines, they require regular maintenance and calibration in order to ensure the accuracy of the measurements.
  • CMM integration into existing manufacturing workflows poses challenges.
  • CMMs are expensive, especially for small and medium-sized businesses (SMEs).

Coordinate Measuring Machine Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

8.8%

Base Year Market Size (2024)

USD 4.55 billion

Forecast Year Market Size (2037)

USD 13.62 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Get more information on this report: Request Free Sample PDF

Browse Key Market Insights with Data Illustration:


Author Credits:  Shweta Patidar


  • Report ID: 5118
  • Published Date: Nov 08, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of coordinate measuring machine is assessed at USD 4.87 billion.

The coordinate measuring machine market size was valued at USD 4.55 billion in 2024 and is expected to reach USD 13.62 billion by 2037, registering around 8.8% CAGR during the forecast period i.e., between 2025-2037. Rising demand for quality control in manufacturing processes, as well as the need for greater accuracy and repeatability in measuring components and products will drive the market growth.

North America industry is estimated to hold largest revenue share of 32% by 2037, due to growing demand for automation and integration of industrial production processes in the automotive and aerospace industries.

The major players in the market include Hexagon AB, Nikon Corporation, Dukin, Eley Metrology, Sipcon Instrument Industries, Keyence Corporation, Mitutoyo, FARO Technologies, Creaform, Aberlink
Inquiry Before Buying Request Free Sample
logo
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying
Inquiry Before Buying Request Free Sample