Global Coordinate Measuring Machine Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028
“Global Coordinate Measuring Machine (CMM) Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global coordinate measuring machine market report has been segmented on the basis of type, application, end-use industry, and region.
Global Coordinate Measuring Machine Market Overview:
The coordinate measuring machines are equipment used particularly for measuring the physical geometrical type of an object. CMM has majorly four key components software, computer control system, machine, and probe contact or non-contact. Coordinate measuring machines have actually set the standard for consistency and precision of inspection for products across various manufacturing sectors.
Global Coordinate Measuring Machine Market Dynamics:
Increasing demand for accurate dimensional validation and measurement of geometric precision in the manufacturing of aerospace, military, and automotive components and equipment across the globe is a major factor expected to drive growth of the global coordinate measuring machine market. In addition, rapid industrialization in developed and developing countries and increasing demand of portable coordinate measuring machine from medical sector for quality control purpose are some other factors expected to support growth of the global market to certain extent.
Moreover, high cost of set up for coordinate measuring machine facility is a major factor expected to hamper growth of the global coordinate measuring machine market to certain extent
Technological advancements in increasing investment for R&D activities is expected to create new opportunities in terms of revenue for players operating in the target market over the forecast period. In addition, increasing expansion activities by major players through strategic merger and acquisition activities is expected to further support growth of the global market to certain extent.
Global Coordinate Measuring Machine Market: Segmentation
On the basis of application, the quality control and inspection segment is expected to register significant growth in terms of revenue over the forecast period. On the basis of end-use industry, the aerospace and defense segment is expected to register significant share in terms of revenue over the forecast period
Global Coordinate Measuring Machine Market Regional Analysis:
North America is expected to dominate in the global coordinate measuring machine market and is expected to continue its dominance over the forecast period. This can be attributed to growing demand for high-performance machine equipment, such as high accuracy series of coordinate measuring machines from aerospace sector and automotive and presence of major players operating in countries in this region. In addition, growing merger and acquisition activities among regional and international players is expected to further support growth of the market in this region to certain extent. The market in Asia Pacific is expected to witness faster growth, owing to increasing demand from automotive sector.
The market in Latin America is expected to witness faster growth, owing to rapid industrialization and increasing presence of major manufactures operating in the developing economies such as Brazil and Argentine in this region. In addition, increasing expansion activities through strategic partnership and agreements is expected to further support growth of the market in this region over the forecast period.
Global Coordinate Measuring Machine Market Segmentation:
- Others (Portable, Articulated Arm, Handheld)
- Quality Control & Inspection
- Reverse Engineering
- Virtual Simulation
- Others (Profiling and Performance Assessment)
By end-use Industry:
- Aerospace & Defense
- Energy & Power
- Heavy Machinery
- Others (Education, Forensics, Fashion and Jewelry, and Research)
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Hexagon AB
- FARO Technologies, Inc.
- Nikon Corporation
- Keyence Corporation
- Carl Zeiss AG
- Mitutoyo Corporation
- Perceptron, Inc.
- Creaform, Inc.
- International Metrology Systems
- Metronor AS
- Trimek, S.A.
- Applied Automation Technologies, Inc.
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