Global Coordinate Measuring Machine Market (CMM) was valued US$ 2.5Bn in 2017 and expected to reach US$ 5.3Bn in 2026, at CAGR of 9.85% during forecast period.
Coordinate Measuring Machine Market (CMM) is a very flexible measuring device with its measurement limitation typically only constrained by physical size, accuracy grade and probing configuration. The global installed base of coordinate measuring machines is projected at around 150,000 units. The typical air bearing CMM structure rarely wears out and can be easily upgraded with new electronics and software extending life hope by another 10 years.
Driving factor of global CMM market is accurate dimensions can be obtained just by knowing the coordinates and distance in the middle of the two reference points. A market requires less labour. CMM has high precision and accuracy. Some of the restraint in the market is coordinate measuring machines are very costly. And the CMMs are less portable. A market needs to construct some feature on its own as some parts of the work piece are unreachable by the probe.
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The challenges faced by market is the availability of a wide variety of coordinate measuring machines through the market, which makes it difficult for end-users to make a choice. Increasing demand for coordinate measuring machine services is the opportunity of the CMM market.
Quality control and inspection applications are leading the global CMM market in 2017. To ensure the highest quality and exactness. Coordinate measuring machine, for measuring the physical geometrical characteristics of a part to test it compared to the design intent. Coordinate measuring machine market (CMM) ensures that accuracy and control are maintained. Data is available at all times to refine the manufacturing process and to paint a reliable picture of each product.
Automotive industry to hold the largest share of the CMM market during the forecast period. The automotive industry has been progressively using optical measurement systems and CMMs, as an alternative to conventional strain gauges, accelerometers, transducers, and extensometers for improving the safety and comfort level of a vehicle.
Region-wise, Asia Pacific to hold the largest share of the CMM market in 2018 and is expected to grow at the highest CAGR throughout the forecast period. This high growth of APAC is expected to be led by the growing demand for CMMs in China and Japan, especially for industries such as electronics, automotive, and heavy machinery.
Key players operating in the global CMM market, Hexagon AB (Sweden), Faro Technologies (US), Nikon Corporation (Japan), Keyence Corporation (Japan), Carl Zeiss (Germany), Mitutoyo Corporation (Japan), GOM (Germany), Perceptron (US), Creaform, Inc. (Canada), International Metrology Systems (UK), Metronor (Nesbru), Trimek (Spain), Applied Automation Tech (US), Wenzel (Germany), N. J. Metrology (UK), Avon-Dynamic (UK), Eley Metrology Limited (UK), The Sempre Group (UK), Apex Metrology Ltd (UK), and Tokyo Seimitsu Co., Ltd. (Japan), Helmel Engg.
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Scope of the Global Coordinate Measuring Machine Market (CMM)
Global Coordinate Measuring Machine Market (CMM), by Type
Bridge
Cantilever
Articulated Arm
Handheld
Global Coordinate Measuring Machine Market (CMM), by Application
Quality Control & Inspection
Reverse Engineering
Global Coordinate Measuring Machine Market (CMM), by Industry
Automotive
Heavy Machinery
Global Coordinate Measuring Machine Market (CMM), by Region
North America
Europe
Asia Pacific
Middle East and Africa
South America
Key players operating in the Global Coordinate Measuring Machine Market (CMM)
Hexagon AB (Sweden)
Faro Technologies (US)
Nikon Corporation (Japan)
Keyence Corporation (Japan)
Carl Zeiss (Germany)
Mitutoyo Corporation (Japan)
GOM (Germany), Perceptron (US)
Creaform, Inc. (Canada)
International Metrology Systems (UK)
Metronor (Nesbru)
Trimek (Spain)
Applied Automation Tech (US)
Wenzel (Germany)
N. J. Metrology (UK)
Avon-Dynamic (UK)
Eley Metrology Limited (UK)
The Sempre Group (UK)
Apex Metrology Ltd (UK)
Tokyo Seimitsu Co., Ltd.
Helmel Engg.
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Recently published a report entitled Coordinate Measuring Machine Market projected till 2026, added by Value Market Research, covers key players along with their market share and strategic development adopted by them.
Further, the report provides market size, share, trends, outlook and forecast based on historical data coupled with drivers, restraints, and opportunities.The entire coordinate measuring machine market has been sub-categorized into product type, and end-user.
The report provides an analysis of these subsets with respect to the geographical segmentation.
This research study will keep marketer informed and helps to identify the target demographics for a product or service.Request a FREE Sample Copy of Coordinate Measuring Machine Market Report with Full TOC At: https://www.valuemarketresearch.com/contact/coordinate-measuring-machine-market/download-sampleBy Product TypeBridgeGantryHorizontal armOthersBy End-UserAutomotiveAerospaceIndustrialElectronics and ElectricalMilitaryEnergy and PowerOthersThe research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the coordinate measuring machine market include Carl Zeiss Industrial Metrology, Chien Wei Precise Technology Co., Ltd, CMM Solutions (UK) Ltd, CREAFORM, Helmel Engineering Products, Inc., Nikon Metrology Inc., Renishaw Plc, Wenzel America, LTD, Werth Messtechnik Gmbh, Xi'an High-Tech Aeh Industrial Metrology Co.Ltd and Others.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.H.Q.This section covers regional segmentation which accentuates on current and future demand for coordinate measuring machine market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
According to the latest research report published by Dhirtek Business Research, the global coordinate measuring machine market report provides detailed information on the factors driving the growth of the coordinate measuring machine market.
This pandemic is having an impact on various sectors of the economy.
It predicts that the global economy will suffer as a result of the loss of trillions of dollars.
To compete in a competitive market, the companies must identify product opportunities based on their strengths.
This study provides a platform for understanding the various exciting and rising prospects in the field of coordinate measuring machine, and it will help every producer, distributor, or even user understand and succeed in this burgeoning industry.
Obtain a Sample Report and the Table of Content for the Coordinate Measuring Machine Market Report:https://www.dhirtekbusinessresearch.com/market-report/Coordinate-Measuring-Machine-Market-Analysis--Forecast-2020--2025/request-for-sample-report Study Goals and Objectives of Global Coordinate Measuring Machine Market The report provides information on the market impact of coordinate measuring machine.
Coordinate Measuring Machine Market The global coordinate measuring machine market is segmented on the basis of product into horizontal arm, gantry, bridge, articulated arm and cantilever.
In 2018, horizontal arm is expected to dominate the coordinate measuring machine market with 39.8% market share growing at the highest CAGR in the forecast period 2018 to 2025.The global coordinate measuring machine market is segmented on the basis of Components into machine structure, linear measurement transducers, probe system computer hardware and software.
In 2018, machine structure is expected to dominate the coordinate measuring machine market with highest market share 56.7% and is growing at a healthy CAGR in the forecast period 2018 to 2025.
However, probe system segment is expected to grow at the highest CAGR in the forecast period.The global coordinate measuring machine market is segmented on the basis of Industry into automotive, aerospace, electronics and electrical, energy and power, military and others.
In 2018, automotive segment is expected to dominate the coordinate measuring machine market in the forecast period 2018 to 2025.
However, electronics and electrical segment is expected to grow at the highest CAGR and was valued at USD 690.14 million in 2025.Get Exclusive Sample Report: @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-coordinate-measuring-machine-marketSome of the leading key players profiled in this study:HEXAGON is going to dominate the global coordinate measuring machine market followed by Mitutoyo Corporation, Carl Zeiss AG., Nikon Corporation and FARO Technologies, Inc.The Horizontal arm segment is dominating the global coordinate measuring machine market.Electronics and electrical segment is expected to grow with the highest CAGR of 8.3% in the forecast period 2018 to 2025.
