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PUBLISHER: SkyQuest | PRODUCT CODE: 1607644

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PUBLISHER: SkyQuest | PRODUCT CODE: 1607644

Coordinate Measuring Machine Market Size, Share, Growth Analysis, By Component, By Offerings, Type (Fixed CMM, Portable CMM), By Application, By End Use Industry, By Region - Industry Forecast 2024-2031

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Global Coordinate Measuring Machine Market size was valued at USD 4.5 billion in 2022 and is poised to grow from USD 4.8 billion in 2023 to USD 8.4 billion by 2031, growing at a CAGR of 7.3% during the forecast period (2024-2031).

The coordinate measuring machine (CMM) market is experiencing significant growth, fueled by the rising demand for precision measurements across key industries such as automotive, aerospace, manufacturing, and electronics. These advanced devices are essential for quality control, with market segments including bridge, gantry, and portable CMMs tailored to specific industry needs. The Asia-Pacific region, notably China and India, is becoming a major player due to rapid industrialization and the uptake of advanced manufacturing technologies. North America and Europe remain strong contributors, driven by their established manufacturing bases. Growth factors include the push for accurate measurements, automation, and smart factories, alongside the emergence of multisensor and integrated software solutions. However, challenges like high costs and operational complexities persist, prompting ongoing R&D investments to enhance affordability and functionality in this evolving market.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Coordinate Measuring Machine market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Coordinate Measuring Machine Market Segmental Analysis

Global Coordinate Measuring Machine Market is segmented by Component, Offerings, Type, Application, End Use Industry and region. Based on Component, the market is segmented into Bridge, Trigger Probe (Contact Probe, Non-contact Probe), Stage, Controller. Based on Offerings, the market is segmented into Hardware, Switches, Services (After-sales Services, Software-as-a-service, Measurement Services). Based on type, the market is segmented into Fixed CMM, and Portable CMM. Based on Application, the market is segmented into Quality Control & Inspection, Reverse Engineering, Virtual Simulation, Profiling & Assessment. Based on End Use Industry, the market is segmented into Automotive, Aerospace, Heavy Machinery, Energy & Power, Electronics, Medical, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Coordinate Measuring Machine Market

The growth of the automotive and aerospace sectors significantly propels the demand for coordinate measuring machines (CMMs), as these industries prioritize precision and quality control in their manufacturing processes. As these industries evolve and expand, the need for advanced measurement solutions becomes increasingly critical to maintain high standards of accuracy and consistency. CMMs are essential tools that facilitate meticulous inspections and measurements, enabling manufacturers to uphold stringent quality benchmarks. Consequently, the ongoing advancements and expansion in automotive and aerospace manufacturing are key drivers for the global Coordinate Measuring Machine market, as they seek to enhance productivity and eliminate errors in their production lines.

Restraints in the Global Coordinate Measuring Machine Market

One of the significant constraints facing the Global Coordinate Measuring Machine (CMM) market is the shortage of skilled workforce. The operation of CMMs demands highly trained technicians who possess specialized knowledge and expertise. Unfortunately, the limited availability of qualified personnel can significantly impede the broader implementation and utilization of these advanced measuring systems. This lack of skilled workers not only affects the efficiency of CMM operations but also creates challenges for organizations seeking to leverage these machines for precision measurement in manufacturing and quality control processes. Consequently, addressing the skills gap is essential for the market's growth and sustainability.

Market Trends of the Global Coordinate Measuring Machine Market

The Global Coordinate Measuring Machine (CMM) market is witnessing significant growth attributed to the rise of Industry 4.0 and smart manufacturing. The integration of advanced technologies, including the Internet of Things (IoT) and data analytics, is revolutionizing measurement processes by facilitating real-time monitoring and control. This trend is increasingly influencing manufacturers to adopt connected CMMs, enhancing production quality and operational efficiency. As industries strive for greater automation and productivity, the demand for sophisticated measurement solutions is expected to expand, positioning CMMs as essential tools in achieving competitive advantage within the evolving manufacturing landscape.

Product Code: SQMIG20I2126

Table of Contents

Introduction

  • Objectives of the Study
  • Scope of the Report
  • Definitions

Research Methodology

  • Information Procurement
  • Secondary & Primary Data Methods
  • Market Size Estimation
  • Market Assumptions & Limitations

Executive Summary

  • Global Market Outlook
  • Supply & Demand Trend Analysis
  • Segmental Opportunity Analysis

Market Dynamics & Outlook

  • Market Overview
  • Market Size
  • Market Dynamics
    • Driver & Opportunities
    • Restraints & Challenges
  • Porters Analysis & Impact
    • Competitive rivalry
    • Threat of substitute
    • Bargaining power of buyers
    • Threat of new entrants
    • Bargaining power of suppliers

Key Market Insights

  • Key Success Factors
  • Degree of Competition
  • Top Investment Pockets
  • Market Ecosystem
  • Market Attractiveness Index, 2023
  • PESTEL Analysis
  • Macro-Economic Indicators
  • Value Chain Analysis
  • Pricing Analysis
  • Technological Advancement
  • Regulatory Landscape
  • Case Studies
  • Customer & Buying Criteria Analysis
  • Trade Analysis
  • Startup Analysis
  • Raw Material Analysis

Global Coordinate Measuring Machine Market Size by Component & CAGR (2024-2031)

  • Market Overview
  • Bridge
  • Trigger Probe
    • Contact Probe
    • Non-contact Probe
    • Stage
    • Controller

Global Coordinate Measuring Machine Market Size by Offerings & CAGR (2024-2031)

  • Market Overview
  • Hardware
  • Switches
  • Services
    • After-sales Services
    • Software-as-a-service
    • Measurement Services

Global Coordinate Measuring Machine Market Size by Type & CAGR (2024-2031)

  • Market Overview
  • Fixed CMM
    • Bridge
    • Cantilever
    • Gantry
  • Portable CMM
    • Articulated Arm
    • Handheld

Global Coordinate Measuring Machine Market Size by Application & CAGR (2024-2031)

  • Market Overview
  • Quality Control & Inspection
  • Reverse Engineering, Virtual Simulation
  • Profiling & Assessment

Global Coordinate Measuring Machine Market Size by End Use Industry & CAGR (2024-2031)

  • Market Overview
  • Automotive
  • Aerospace
  • Heavy Machinery
  • Energy & Power
  • Electronics
  • Medical
  • Others

Global Coordinate Measuring Machine Market Size & CAGR (2024-2031)

  • North America, (Component, Offerings, Type, Application, End Use Industry)
    • US
    • Canada
  • Europe, (Component, Offerings, Type, Application, End Use Industry)
    • UK
    • Germany
    • Spain
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific, (Component, Offerings, Type, Application, End Use Industry)
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America, (Component, Offerings, Type, Application, End Use Industry)
    • Brazil
    • Rest of Latin America
  • Middle East & Africa, (Component, Offerings, Type, Application, End Use Industry)
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

Competitive Intelligence

  • Top 5 Player Comparison
  • Market Positioning of Key Players, 2023
  • Strategies Adopted by Key Market Players
  • Recent Developments in the Market
  • Company Market Share Analysis, 2023
  • Company Profiles of All Key Players
    • Company Details
    • Product Portfolio Analysis
    • Company's Segmental Share Analysis
    • Revenue Y-O-Y Comparison (2021-2023)

Key Company Profiles

  • Carl Zeiss AG
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • FARO Technologies, Inc.
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Hexagon AB (Hexagon Manufacturing Intelligence)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Mitutoyo Corporation
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Nikon Metrology NV
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Micro Vu Corporation
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • WENZEL Group GmbH & Co. KG
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • OGP (Quality Vision International)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Werth Messtechnik GmbH
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Eley Metrology
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Perceptron (part of Atlas Copco)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • LK Metrology
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • KEYENCE Corporation
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • InspecVision Ltd.
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Helmel Engineering Products, Inc.
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • ATT Metrology Services
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Brunson Instrument Company
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • ABTech, Inc.
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Coord3 Industries Srl.
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments

Conclusion & Recommendation

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Manager - EMEA

+32-2-535-7543

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Manager - Americas

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