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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