PUBLISHER: Orion Market Research | PRODUCT CODE: 1681022
PUBLISHER: Orion Market Research | PRODUCT CODE: 1681022
3D Coordinate Measuring Machine (CMM) Market Size, Share & Trends Analysis Report by Product Type (Fixed CMM, and Portable CMM), and Industry Vertical (Automotive, Aerospace, Heavy Machinery, Energy & Type, Electronics, Medical, and Others) Forecast Period (2025-2035)
Industry Overview
The 3D coordinate measuring machine (CMM) market was valued at $3.7 billion in 2024 and is anticipated to grow at a CAGR of 8.8% during the forecast period (2025-2035). The growth in the global CMM market is mainly attributed to increased manufacturing process developments, precision engineering and quality control demands, innovations in technology, expansion in the end-user industry, and portability in CMMs. This in turn facilitates using the CMM for precise measurements in quality assurance inspection and in the production lines on real-time measurement to assure conformation and reliability in the product.
Market Dynamics
Rising Demand for Precision in Manufacturing
The demand for CMM is surging in precision manufacturing due to the need for high accuracy and efficiency in quality control. Industries such as aerospace, automotive, and medical devices are increasingly relying on CMM technology to meet stringent production standards. Players are introducing product innovation to cater to demand from the precision manufacturing industry. For instance, in April 2023, LK Metrology launched its ALTO 6.5.5 CMM, a coordinate measurement machine with aluminum guideways and other designs LK's top-end CMMs feature a 100mm thick granite table, low maintenance pre-loaded air bearings, and zero-hysteresis friction drives for smooth motion and precise positioning to deliver high accuracy and fast throughput.
Advancements in Manufacturing Technologies
The integration of automation, robotics, and digital twins in manufacturing has expanded the use of CMMs across production lines, enabling real-time feedback for enhanced efficiency. For instance, in December 2024, ZEISS introduced the ZEISS SPECTRUM CMM family, designed to improve quality control in industries such as automotive, electronics, and general machinery. Available in four sizes, these machines feature a compact sensor design, tactile and optical scanning capabilities, and high-speed optical measurements with flexible angle positioning.
Market Segmentation
Automotive Segment is Anticipated to Lead the Market with the Largest Share
The growing sales of electric vehicles (EVs) are expected to drive the demand for CMM due to the need for precision in manufacturing complex EV components such as battery packs, electric motors, and lightweight structural parts. With strict quality and performance standards required for EV efficiency and safety, CMMs play a critical role in ensuring dimensional accuracy and seamless assembly. Additionally, the shift toward advanced materials and designs in EV production further emphasizes the importance of CMM technology for reliable quality control. According to the India Brand Equity Foundation, the Indian passenger car market was valued at $32.7 billion in 2021, was and is projected to grow to $54.8 billion by 2027. The global Electric Vehicle (EV) market, valued at approximately $250 billion in 2021, is expected to expand fivefold to $1,318 billion by 2028. India's EV market reached a milestone with 13,25,112 units sold in FY24 (up to January 2024) and was anticipated to hit $7.1 billion by 2025, presenting a $206 billion opportunity by 2030, which required a $180 billion investment in manufacturing and infrastructure.
Portable CMM: A Key Segment in Market Growth
Portable CMMs are mobile, flexible tools designed for on-site measurements and inspections in the automotive, heavy machinery, and energy & power industries. It offers advantages over the traditional fixed CMM: high portability, ease of use in confined spaces, compatibility with advanced software to perform real-time data analysis, and compatibility with CAD systems to perform reverse engineering. Applications include dimensional inspection of car parts, aerospace and defense inspection of complex aircraft parts, healthcare inspection of medical devices and implants, energy and power inspection of large-sized components in power plants, and electronics inspection of complicated electronic components.
The global 3D CMM market is further divided by geography, including North America (the US and Canada), Europe (the UK, Germany, France, Italy, Spain, Russia, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, Australia and New Zealand, ASEAN Countries, and the Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Asia-Pacific Region Dominates the Market with Major Share
Asia-Pacific is the growth hub for the CMM industry due to rapid industrialization and the growth of major manufacturing industries such as automotive, aerospace, medical devices, electronics, and heavy machinery. Countries such as China, India, and Japan are highly investing in the latest advanced manufacturing technologies to keep up with rising global demand and enhance productivity. For instance, the Japanese government allocated $1.62 billion in its fiscal year 2022 (April 2022 - March 2023) budget to support SMEs, and Japanese manufacturers are expected to spend an estimated $890 million on digital infrastructure-a figure that is projected to reach $4.1 billion by 2030. Japan, which is home to some of the world's leading manufacturers, also has the second-highest number of industrial robots in operation globally, with about 355,000 units in 2019 (1 robot for every 190 workers), compared to 300,000 units in the US (1 robot for every 490 workers). CMMs form the crucial function of enabling accurate dimensional measurement of complex components, where such strict quality control criteria are met. They can be smoothly integrated with robotic systems in automated environments to achieve and provide feedback in real-time inspection, thus increasing the minimization of errors and efficiency.
The major companies operating in the global 3D CMM market include Hexagon AB, KEYENCE CORP., Nikon Corp., and ZEISS Group, among others. Market players are leveraging partnerships, collaborations, mergers and acquisition strategies for business expansion and innovative product development to maintain their market positioning.
Recent Developments