Coordinate Measuring Machine (CMM) Market Size & Share, by Machine Type (Portable, Handheld, Articulated Arm, Bridge); Application (Quality Control, Inspection, Reverse Engineering); End-user (Electronics, Automotive, Aerospace & Defense, Heavy Machinery, Metal Fabrication) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 5118
  • Published Date: Jul 31, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2035

Coordinate Measuring Machine Market size is expected to surpass USD 9 Billion by the end of 2035, growing at a CAGR of 7% during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of coordinate measuring machines was valued at USD 4 Billion. The rise in the need for high quality products in a competitive market has led to a surge, in precision manufacturing. To meet this rising demand companies are investing in machinery and technologies like coordinate measuring machines (CMMs).

With the increasing emphasis on meeting regulatory standards and customer demands there is a growing need for advanced metrology solutions such, as CMMs. This is driven by the importance placed on quality control and inspection. CMMs offer manufacturers the ability to achieve dependable measurements allowing them to verify the dimensional precision of components detect any imperfections and guarantee adherence, to quality standards.


Coordinate Measuring Machine Market
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Coordinate Measuring Machine Sector: Growth Drivers and Challenges

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

2022

Forecast Year

2023-2035

CAGR

~7%

Base Year Market Size (2022)

~ USD 4 Billion

Forecast Year Market Size (2035)

~ USD 9 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)
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Coordinate Measuring Machine Segmentation

 Machine Type (Portable, Handheld, Articulated Arm, Bridge)

The portable segment in the coordinate measuring machine market is estimated to gain the largest revenue share of about ~52% in the year 2035 attributed to the rising demand from the automotive industry for highly accurate measurement solutions. The portability of these machines allows users to take them to different locations and environments making them suitable for a variety of applications such as automotive parts inspection and machine tool calibration. Additionally, the development of new technologies such as laser trackers and optical trackers has made portable CMM systems even more accurate and efficient.

Industry (Electronics, Automotive, Aerospace & Defense Heavy Machinery, Medical, and Metal Fabrication)

Coordinate measuring machine market from the heavy machinery segment is estimated to gain a significant share of about ~47% in the year 2035. This is because CMMs allow for more accurate measurements of heavy machinery parts and components. This leads to higher quality and better performance of machinery, which is essential in industries such as earthmoving, excavation, and agricultural machinery.

Moreover, the rising demand for efficient and cost-effective heavy machinery in the construction and mining industry along with the increased focus on automation and the development of new technologies to improve heavy machinery efficiency is expected to further boost the segment's growth.

 Our in-depth analysis of the global market includes the following segments:

 Machine Type

  • Portable
  • Handheld
  • Articulated Arm
  • Bridge

 Application

 

  • Quality Control
  • Inspection
  • Reverse Engineering

 Industry

 

  • Electronics
  • Automotive
  • Aerospace & Defense​
  • Heavy Machinery
  • Metal Fabrication 

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Coordinate Measuring Machine Industry Regional Synopsis

APAC Market Forecast

Coordinate measuring machine market in Asia Pacific, amongst the market in all the other regions, is anticipated to hold the largest with a share of about ~38% by the end of 2035. The growing manufacturing industry such as electronics and heavy machinery in the region, will lead to increased demand for CMMs, as manufacturers seek to improve the accuracy and precision of their products. Observations indicate that China's manufacturing output in 2021 increased by 27% from that of 2020, reaching USD 4,866 billion.

Moreover, with more auto parts manufacturers in the region, especially in India, China, and Japan, automotive companies are investing heavily in automation technologies to reduce production costs and increase productivity.

North American Market Statistics

The North American coordinate measuring machine market is estimated to be the second largest, registering a share of about ~32% by the end of 2035 attributed majorly to the growing demand for automation and integration of industrial production processes in the automotive and aerospace industries. As more companies in the region are looking to increase their production capacities and reduce labor costs, the demand for coordinate measuring machines is expected to increase.

In addition, technological advancements in the field of machine vision and 3D imaging have increased accuracy and speed, allowing for more accurate quality control and faster feedback, both of which are essential for modern production.

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Coordinate Measuring Machine Market Size
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Companies Dominating the Coordinate Measuring Machine Landscape

top-features-companies
    • Hexagon AB
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Nikon Corporation
    • Dukin
    • Eley Metrology
    • Sipcon Instrument Industries
    • Keyence Corporation
    • Mitutoyo
    • FARO Technologies
    • Creaform
    • Aberlink

In-the-news

In The News

  • Nikon Corporation (Nikon) recently introduced the models in their NEXIV CNC Video Measuring System, namely the VMZ S4540 and VMZ S6555. These innovative systems are designed for efficient automated dimensional measurement, in inline processes.
  • A new series of Leitz PMM-C coordinate measuring machines (CMMs) has been introduced by Hexagon AB's Manufacturing Intelligence business. The Leitz PMM-C model employs ultra-high precision fixed probe heads to achieve the most precise measurements in high-precision applications with very tight form tolerances.

Author Credits:  Mohd Shadab, Yashika Karodiwal


  • Report ID: 5118
  • Published Date: Jul 31, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Rising demand for quality control in manufacturing processes, as well as the need for greater accuracy and repeatability in measuring components and products are the major factors driving the market growth.

The market size of coordinate measuring machine is anticipated to attain a CAGR of 7% over the forecast period, i.e., 2023-2035.

The major players in the market are Hexagon AB, Nikon Corporation, Dukin, Eley Metrology, Sipcon Instrument Industries, Keyence Corporation, Mitutoyo, FARO Technologies, Creaform, Aberlink, and others.

The portable segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Coordinate Measuring Machine Market Report Scope
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