USD 4.5 billion
Coordinate Measuring Machine Market Size, Share, Growth Analysis, By Component, By Offerings, Type (Fixed CMM, Portable CMM), By Application, By End Use Industry (Automotive, Aerospace, Heavy Machinery), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG20I2126 |
Region:
Global |
Published Date: December, 2024
Pages:
157
|Tables:
73
|Figures:
65
Coordinate Measuring Machine Market Insights
Coordinate Measuring Machine Market size was valued at USD 0 Billion in 2023 and is poised to grow from USD 0 Billion in 2024 to USD 0 Billion by 2032, growing at a CAGR of 7.38% during the forecast period (2025-2032).
The coordinate measuring machine (CMM) market is witnessing robust growth driven by the increasing demand for accurate and precise measurements in industries such as automotive, aerospace, manufacturing, and electronics. CMMs are sophisticated devices used to measure the geometrical characteristics of objects with high precision, enabling quality control and assurance in various production processes. The market is segmented by type, including bridge, gantry, and portable CMMs, each catering to specific industry requirements.
The Asia-Pacific region, particularly China and India, is emerging as a key market player due to rapid industrialization and the growing adoption of advanced manufacturing technologies. North America and Europe also contribute significantly to the market, propelled by established manufacturing sectors and the need for reliable inspection methods.
Factors driving the market include the need for accurate measurements to ensure product quality, increased automation in manufacturing processes, and the rise of smart factories. Additionally, the development of technologically advanced CMMs equipped with multisensor capabilities, enhanced software integration, and improved data analysis tools is expanding the market's potential.
However, challenges such as high initial costs, complexity in operating advanced CMMs, and the availability of alternative inspection methods may hinder the market growth. Manufacturers are continuously investing in research and development to overcome these challenges and offer cost-effective solutions. As industries continue to prioritize quality control and precision, the coordinate measuring machine market is poised for sustained growth and innovation.
US Coordinate Measuring Machine Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
heavy machinery
Fastest Growth
heavy machinery
Growth Rate
7.3% CAGR
Global Coordinate Measuring Machine market ($ Bn)
Country Share for Asia Pacific Region (%)
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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.
Coordinate Measuring Machine Market Analysis By Type
The coordinate measuring machine (CMM) market is categorized by type into various segments, each offering distinct advantages and applications. Bridge CMMs, characterized by their robust and stable design, are widely used in industries requiring high accuracy measurements, such as aerospace and automotive. Gantry CMMs, with their large working volumes and versatility,find applications in industries where measuring large and complex parts is essential. Portable CMMs, on the other hand, provide flexibility and mobility, making them suitable for on-site measurements and quick inspections.
Bridge CMMs, known for their precision and reliability, are often favored for their consistent measurement results and are well-suited for quality control and dimensional analysis. Gantry CMMs are chosen for their ability to handle larger and heavier components, making them indispensable for industries dealing with oversized parts. Portable CMMs offer convenience and efficiency, allowing for measurements in challenging environments and hard-to-reach areas.
The choice of CMM type depends on the specific requirements of industries and applications. While bridge and gantry CMMs are more prevalent in manufacturing facilities with controlled environments, portable CMMs cater to industries requiring mobility and field measurements. As technology continues to advance, CMM manufacturers are innovating and refining these types to provide enhanced accuracy, efficiency, and adaptability, further driving the growth of the coordinate measuring machine market.
Coordinate Measuring Machine Market Analysis By Verticals
Based on verticals, the global coordinate measuring machine (CMM) market is segmented into various sectors including automotive, aerospace, heavy machinery, energy & power, electronics, medical, and others. Among these, the heavy machinery segment stands out as the market leader, holding the largest revenue share of 43.2% throughout the forecast period. The adoption of coordinate measuring machines is expected to witness a substantial rise due to their capability to provide on-site dimensional measurements for manufacturers of heavy equipment such as earthmoving, excavation, and agricultural machinery. Notably, industries with high growth potential include CNC machinery, autonomous systems, 3D printing equipment, and environmentally friendly solutions, all of which emphasize precision and accuracy.
Additionally, the electronics sector is projected to experience the fastest growth rate, registering a significant CAGR during the forecast period. Coordinate measuring machines play a crucial role in the electronics industry by facilitating the examination of size and uniformity across various applications like mobile phones, camera inspection, semiconductor technology, and optoelectronics. The transition from offline quality assurance to in-line quality inspection in electronics manufacturing, aimed at saving time and ensuring precise measurements, is expected to drive further expansion of the global coordinate measuring machine market.
Global Coordinate Measuring Machine market By Vertical
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Coordinate Measuring Machine Market Regional Insights
Asia Pacific takes the lead in the market, commanding a market share of over 43.7% throughout the forecast period. This dominance is closely linked to the burgeoning potential of the automotive sector, driven by population growth. The rapid expansion of the heavy machinery industry, particularly in countries like India and China, has surged the demand for Coordinate Measuring Machines (CMMs). Increasing technological proficiency and the strategic focus of prominent economies such as China and Japan on heavy machinery industries contribute to Asia Pacific's substantial market share. The rapid development of emerging industrial giants like China and India, particularly in the automotive, heavy machinery, and aerospace sectors, has significantly contributed to the growth of the coordinate measuring machine market in the Asia Pacific region. Key factors propelling Asia Pacific as an attractive CMM marketplace include substantial investments in heavy machinery R&D and a vast industrial foundation, with China and Japan as notable driving forces.
On the other hand, North America is projected to witness the highest growth rate during the forecast period. The aerospace manufacturing sector in North America is both cutting-edge and highly demanding. With increasingly stringent tolerance standards, the demand for high-performance machine tools and coordinate measuring machines with exceptional accuracy is on the rise. Moreover, the growth of the coordinate measuring machine market in North America, primarily concentrated in the United States, is significantly propelled by the region's expanding defense, aerospace, and automotive industries.
Global Coordinate Measuring Machine market By Geography
- Largest
- Fastest
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Coordinate Measuring Machine Market Dynamics
Coordinate Measuring Machine Market Drivers
Automotive and Aerospace Industry Growth
- The automotive and aerospace industries' continuous expansion fuels the demand for coordinate measuring machines (CMMs) to ensure precision and quality control in manufacturing processes.
Coordinate Measuring Machine Market Restraints
Lack of Skilled Workforce
- Operating CMMs requires skilled technicians, and a shortage of qualified personnel can hinder the widespread adoption of these machines.
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Coordinate Measuring Machine Market Competitive Landscape
The competitive landscape of the coordinate measuring machine (CMM) market is characterized by intense rivalry among key players, technological advancements, and a focus on expanding market reach. Major players in the market include Hexagon AB, Carl Zeiss AG, Nikon Corporation, Renishaw plc, Mitutoyo Corporation, and FARO Technologies, among others. These companies engage in strategies such as mergers and acquisitions, partnerships, product launches, and investments in research and development to gain a competitive edge. Technological innovations, such as multi-sensor CMMs, portable CMMs, and cloud-based software solutions, are key focal points for market leaders.
The market's growth trajectory is also influenced by the ability of companies to address industry-specific demands, enhance precision measurement capabilities, and provide comprehensive after-sales support. The increasing demand for CMMs in sectors like automotive, aerospace, electronics, and healthcare is prompting manufacturers to offer customized solutions tailored to specific industry needs. Overall, the competitive landscape underscores the importance of innovation and strategic collaborations in capturing a significant share of the global CMM market.
Coordinate Measuring Machine Market Top Player’s Company Profile
- Carl Zeiss AG
- FARO Technologies, Inc.
- Hexagon AB (Hexagon Manufacturing Intelligence)
- Mitutoyo Corporation
- Nikon Metrology NV
- Micro Vu Corporation
- WENZEL Group GmbH & Co. KG
- OGP (Quality Vision International)
- Werth Messtechnik GmbH
- Eley Metrology
- Perceptron (part of Atlas Copco)
- LK Metrology
- KEYENCE Corporation
- InspecVision Ltd.
- Helmel Engineering Products, Inc.
- ATT Metrology Services
- Brunson Instrument Company
- ABTech, Inc.
- Coord3 Industries Srl
Coordinate Measuring Machine Market Recent Developments
- In May 2023, Mitutoyo America Corporation expanded its trade-in and trade-up program for Mitutoyo Coordinate Measuring Machines, Vision Measuring Systems, and Form Measuring Systems. The Mitutoyo Trade-In Trade-Up Program allows you to upgrade to newer, more technologically advanced Mitutoyo precision measurement equipment for less money and with less hassle. Mitutoyo will provide a substantial trade-in allowance for outdated CMMs, Vision, or Form Measuring Systems to be used toward the purchase of a new Mitutoyo precision measuring equipment.
- In January 2023, Av8 Group introduced a second coordinate measurement machine system (CMMS) for the production of FAA-approved parts through the parts manufacturer approval (PMA) process. The new system allows for more efficient measurement of larger parts, improving the efficiency and value of the Houston-based company's landing gear refurbishment operation.
Coordinate Measuring Machine Key Market Trends
- Rise of Industry 4.0 and Smart Manufacturing: The integration of CMMs with Industry 4.0 technologies, such as the Internet of Things (IoT) and data analytics, is enabling real-time monitoring and control of measurement processes. Smart manufacturing initiatives are driving the adoption of connected CMMs that provide insights into production quality and efficiency.
Coordinate Measuring Machine Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global coordinate measuring machine market analysis, The Coordinate Measuring Machine market is witnessing rapid growth driven by advancements in manufacturing technology and the demand for precise dimensional measurement across industries. The market is segmented by type, technology, application, and end-user. Bridge CMMs, optical CMMs, and articulated arm CMMs are popular types. The market is strongest in regions like North America, Europe, and Asia-Pacific due to the presence of major manufacturing industries and increasing automation. The automotive, aerospace, and electronics sectors are key application areas. The rise in quality control needs, increased focus on product precision, and the need for efficient measurement solutions are driving the market's expansion. As manufacturing processes become more complex, the demand for accurate and reliable CMMs is expected to grow further, creating new opportunities for market players.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 4.5 billion |
| Market size value in 2031 | USD 8.4 billion |
| Growth Rate | 7.3% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Coordinate Measuring Machine Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Coordinate Measuring Machine Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Coordinate Measuring Machine Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Coordinate Measuring Machine Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Coordinate Measuring Machine Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Coordinate Measuring Machine Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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