Coordinate Measuring Machine (CMM) Market Analysis and Forecast to 2031: By Offering (Product, Service), Product Type (Stationary, Portable), Application (Inspection, Reverse Engineering), By End-User (Automotive, Aerospace & Defense, Energy & Power, Electronics, Others), and Region
A coordinate measuring machine (CMM) is a device that measures the physical geometry of an object. It does this by taking measurements at specific points on the object’s surface and then using these measurements to calculate the object’s dimensions. The measurements are typically taken with a laser or a touch probe, and the data is then analyzed by a computer.
CMM technology has been around for several decades, but it has only recently become widely used in manufacturing. This is due to the advances in computer technology that have made it possible to quickly and accurately analyze the data collected by the CMM.
CMM technology is used in a variety of industries, but it is particularly well suited for the automotive and aerospace industries. This is because these industries require very precise measurements of objects, and the CMM is able to provide these measurements with a high degree of accuracy.
Report Coverage
Report Attribute | Details |
---|---|
Historic Period | 2015-2020 |
Forecast Period | 2022-2031 |
Base Year | 2021 |
Segments Covered | Offering, Product Type, Application, End-User |
Key Companies | Carl Zeiss AG, Creaform Inc., Eley Metrology, FARO Technologies Inc., Hexagon AB, Keyence Corporation, Metronor, Mitutoyo Corporation, Nikon Metrology NV, Tokyo Seimitsu Co. Ltd. |
Regional Scope | North America, Europe, Asia Pacific, Central & South America, Middle East & Africa |
Analysis Coverage | Market Forecast, Competitive Landscape, Drivers, Trends, Restraints, Opportunities, Value-Chain, PESTLE, Key Events and Developments |
Key Trends and Drivers
The key drivers for the market growth are the increasing demand for quality control and inspection in the automotive and aerospace industries, and the growing adoption of 3D printing technology.
The automotive industry is the largest end-user of CMMs. The automotive industry is undergoing a shift from traditional manufacturing methods to 3D printing and additive manufacturing. This is resulting in the need for more accurate and precise measurement of automotive parts and components. As a result, the demand for CMMs in the automotive industry is expected to grow at a rapid pace during the forecast period.
The aerospace industry is the second-largest end-user of CMMs. The increasing demand for quality control and inspection in the aerospace industry is driving the growth of the CMM market. The aerospace industry is highly regulated, and there is a need for accurate and precise measurement of aerospace components. CMMs are used for the inspection of aircraft components, such as fuselage, wings, and engines.
The growing adoption of 3D printing technology is expected to drive the growth of the CMM market. 3D printing is a rapidly growing technology and is being adopted by various industries, such as automotive, aerospace, medical, and consumer goods. 3D printing requires accurate and precise measurement of parts and components. CMMs are used for the measurement of 3D printed parts.
Restraints & Challenges
Firstly, the high cost of CMM equipment is a major barrier to entry for many potential customers, as is the lack of skilled operators. Secondly, CMMs are often used in environments where there is a lot of vibration or movement, which can lead to inaccurate measurements. Finally, the machines are often delicate and require regular maintenance, which can be costly and time-consuming.
Market Segments
By Offering
- Product
- Services
By Product Type
- Stationary
- Portable
By Application
- Inspection
- Reverse Engineering
By End-User
- Automotive
- Aerospace & Defense
- Energy & Power
- Electronics
- Others
Key Players
- Carl Zeiss AG
- Creaform Inc.
- Eley Metrology
- FARO Technologies Inc.
- Hexagon AB
- Keyence Corporation
- Metronor
- Mitutoyo Corporation
- Nikon Metrology NV
- Tokyo Seimitsu Co. Ltd.
Key Players
- Carl Zeiss AG
- Creaform Inc.
- Eley Metrology
- FARO Technologies Inc.
- Hexagon AB
- Keyence Corporation
- Metronor
- Mitutoyo Corporation
- Nikon Metrology NV
- Tokyo Seimitsu Co. Ltd.
Market Segments
By Offering
- Product
- Services
By Product Type
- Stationary
- Portable
By Application
- Inspection
- Reverse Engineering
By End-User
- Automotive
- Aerospace & Defense
- Energy & Power
- Electronics
- Others
By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia Pacific
- Central & South America
- Brazil
- Rest of CSA
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of MEA