Ever-Tightening Dimensional Tolerances Amid Increasing Product Complexity & Quality to Benefit Demand for Coordinate Measuring Machines

Indispensable importance of dimensional measurement in manufacturing automobiles, aircraft, life-saving medical devices and complex heavy industrial equipment with very tight quality and performance tolerances is poised to drive the global market for Coordinate Measuring Machines to exceed US$4.0 billion by 2024.

Metrology products are gaining prominence in helping manufacturing units improve productivity and quality of high value parts. Majority of the industries opt for measuring machines that offer accurate and repeatable measurements of object dimensions. This brings into spot light ‘Coordinate Measuring Machine (CMM)’, a 3D digitizer equipped with tactile probe, which is capable of measuring any type of work piece with reliable accuracy. CMMs, either controlled manually or by CNC or through PCs, are primarily designed to move measuring probe, so as to determine the point coordinates on the surface of a workpiece. CMM continues to dominate the dimensional metrology market as a key technique for highly reliable and accurate inspections, and play an important role in ensuring superior performance and quality of a component in the product development cycle. As high precision machines, CMMs epitomize the standards for high quality in the global dimensional metrology market. With steady quality deliverances related to near sub-micron level accuracies, end-users have been adopting coordinate measuring machines as high accuracy metrology systems.

The rise in preference over the years for highly accurate instruments offered substantial push to the CMM industry. Advent of compact devices, integrated with scanning capabilities and cutting-edge multiple probe and sensor technologies, is driving the adoption of CMMs. Going forwards, miniaturized CMMs integrated with on-machine probing and in-process gauging capabilities are expected to make strong inroads into the manufacturing industry. The introduction of custom-made, application-centric CMMs augurs well for growth in CMM market in coming years. Bridge-type CMMs are currently the most widely used type, while the articulated arm machines are increasing in popularity. Increased investments in R&D and the introduction of new, innovative products probes, scanners, sensors, and software are expected to propel the CMM market growth in the coming years. CMMs that meet the inspection demand of a complete product lifecycle are expected to gain in the coming years.

Advanced software upgrades and sensor technologies would continue to be the ‘in focus’ features for success in this market. Prospects are also bright for CMMs offering high accuracy, owing to the tighter tolerance rates being placed on components by manufacturing units. Growing adoption of retrofitted coordinate measuring machines is driving growth in the CMM market. Growing demand for services related to CMMs such as calibration, machine installation, repairing, and retrofitting, among others is also driving growth in the CMM market. The dire need of the manufacturing sector to maintain machinery in an efficient operating condition drives maintenance and upgrading of CMMs.

As stated by the new market research report on Coordinate Measuring Machines (CMM), Asia-Pacific represents the largest market worldwide. Trailing a CAGR of 8.8% over the analysis period, Asia-Pacific also ranks as the fastest growing market. The rapid economic growth within the region has led to large-scale investments in the infrastructure and industrial expansions. Countries such as India and China provide encouraging growth prospects backed by the huge population. With increase in outsourced manufacturing activity in these countries, Asia-Pacific is proving to be a strong market for CMM.

Major players in the market include Accurate Sales & Services Pvt. Ltd., Carl Zeiss Industrial Metrology LLC, Chien Wei Precise Technology Co. Ltd., Dukin Co., Ltd., FARO Technologies, Inc., Helmel Engineering Products, Inc., Hexagon AB, INSPECT 3D, ITP Group, Metrologic Group S.A, Metronor AS, Mitutoyo Corp., Nikon Metrology NV, Renishaw plc., Sipcon Instrument Industries, Tarus Products Inc., Trimek, and WENZEL Group, among others.

The research report titled “Coordinate Measuring Machines (CMM) – Market Analysis, Trends, and Forecasts” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and strategic industry activities of global companies. The report provides market estimates and projections for Coordinate Measuring Machines in US$ for all major geographic markets such as the US, Canada, Japan, Europe [France, Germany, Italy, UK, Spain, Russia and Rest of Europe], Asia-Pacific [China, India, South Korea, Taiwan, Rest of Asia-Pacific (Indonesia, Malaysia, Singapore, Thailand, and Others)], Middle East & Africa, and Latin America [Brazil, and Rest of Latin America].

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