The Global Market for Coordinate Measuring Machines (CMM) is Projected to Reach US$2.9 Billion by 2020

Need for High Accuracy Dimensional Measurement to Spur Coordinate Measuring Machines (CMM) Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Coordinate Measuring Machines (CMM) market. The global market for Coordinate Measuring Machines (CMM) is projected to reach US$2.9 billion by 2020, driven by the acute need for precision dimensional measurement and validation of geometric accuracy in manufacturing automotive, aerospace, military and other industrial equipment and components.

Quality control has been attracting significant attention in the manufacturing sector given its critical importance in achieving high product quality and reducing manufacturing defects. Large volume manufacturers especially are earmarking sizable resources on establishing efficient quality control mechanisms, and embracing advanced quality control concepts and technologies. Given the current competitive market unforgiving of inefficiency, it is absolutely critical for manufacturers to ensure that their products are consistent with desired quality, design and measurement parameters. The focus is therefore squarely on metrology, the science of dimensional measurement, which ensures that the manufactured product is consistent with its prototype design. While there are several tools for inspecting and measuring, Coordinate Measuring Machines (CMMs) are the global standard for accurate measurement on manufacturing processes.

By helping measure physical geometrical characteristics of a product through contact and by a measuring probe to determine coordinates of points on a workpiece surface, CMM helps manufacturers achieve design consistency and ensure better quality of manufactured produce. CMMs provide accurate measurement of objects, which are used across product design, testing, development, reverse engineering, and profiling. While traditionally most measurements were performed by large, heavy standalone CMM machines in metrology laboratories away from the production floor, the development of miniaturized machines are taking measurement activity from labs to the factory floor. This shift also facilitates the integration of component inspection right into the production process, thereby improving product quality, reducing defects in production stage and improving process efficiency. CMMs are already being used in manufacturing parts and components in industries such as automotive, aerospace & defense and heavy machinery manufacturing sectors. Owing to the highly critical nature of the components involved and subsequent need for high dimensional accuracy, automotive, aerospace and defense sectors represent the leading end use markets. Increased investments in R&D and the introduction of new, innovative products probes, scanners, sensors, and software will benefit the market in the coming years.

As stated by the new market research report on Coordinate Measuring Machines (CMM), Asia-Pacific represents the largest market worldwide. The region is also forecast to emerge as the fastest growing market with a CAGR of 7.2% over the analysis period, led by factors such as robust manufacturing activity, continued expansion in automobile manufacturing base, growth in GDP, automation of manufacturing units, and increased use of production line machinery.

Major players covered in the report include Accurate Sales & Services Pvt. Ltd., Carl Zeiss Industrial Metrology, Chien Wei Precise Technology Co. Ltd., Dukin Co., Ltd., FARO Technologies, Inc., Helmel Engineering Products, Inc., Hexagon AB, Hexagon Metrology, Inc., Inspect3D, International Metrology Systems Ltd., ITP Group, Metrologic Group S.A, Metronor AS, Mitutoyo Corporation, Nikon Metrology NV, Renishaw Plc., Tarus Products Inc., Trimek, and WENZEL Präzision GmbH, among others.

The research report titled “Coordinate Measuring Machines: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, product innovations and strategic industry activities of major companies worldwide. The report provides market estimates and projections for sales of Coordinate Measuring Machines (CMM) in US$ Million at the Manufacturer’s levels for all major geographic markets- US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, South Korea, Taiwan, and Rest of Asia-Pacific (Indonesia, Malaysia, Singapore, Thailand, and Others)), Middle East & Africa, and Latin America (Brazil and Rest of Latin America). Global market for CMM is also analyzed by the product segment - Articulated-Arm Machine, Bridge-Type Machine, Gantry-Type Machine, and Horizontal-Arm Machine.

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

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