Business

Rising Awareness Anticipated to Drive Coordinate Measuring Machines (CMM) Market During 2017 – 2025

Press Release

The coordinate measuring machines are devices used for measuring the physical geometrical characteristics of an object. Coordinate measuring machine has four major components: computer control system, software, the machine and, probe contact or non-contact.  Coordinate measuring machines have set the standard for reliability and accuracy of inspection of products across the manufacturing industries. Technology advancements for improved flexibility, ease of use and simplicity of the coordinate measuring machines, which are able to satisfy the inspection requirements are expected to witness a rapid market expansion. The coordinate measuring machines find inspection and measurement applications in end-users like automotive, aerospace, electronics, energy & power and, others. The main applications carried out with the coordinate measuring machines are scribing, gauging, scanning and light drilling. The coordinate measuring machines have two types of sensors namely, tactile sensors and optical sensors, which are used to pick up the primary signal from the work piece.

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Global Coordinate Measuring Machines (CMM) Market: Dynamics

The Coordinate measuring machines are being gradually used for inspection of components and parts in end-users like automotive, aerospace, shipbuilding and, other industries. The 3D inspection of products and the need to adopt six sigma and quality standards in product development process across the manufacturing industries is a driving factor for the market. In addition to this, the rise in electric vehicle sales and increasing use of metrology in power sector is significantly driving the global coordinate measuring machines market.

The challenges faced by market is the availability of a wide variety of coordinate measuring machines across the market, which makes it difficult for end-users to make a choice. The restraints for the global coordinate measuring machines market is the substitutes of coordinate measuring machine and the increased demand for ODS (Operational data store). Lack of skilled labour also affects the market. The shell life of CMM is increasing and may affect the sales of new machines.

The defence and aerospace industry have become ever more price sensitive, this segment is extremely competitive with high degree of acquisitions and mergers.The demand of high accuracy range of coordinate measuring machines from the defence and aerospace segment, in order to stay ahead in competition, is creating opportunities for the global coordinate measuring machines market throughout the forecast.

The trends followed in the coordinate measuring machines market is the incorporation of image recognition and new vision technology. The use of metrology in new-generation nuclear power plants and the increase in use of commercial aircrafts. The need for sensor technology that can deal with parts when they become smaller and smaller are all trends in the coordinate measuring machines market.

Global Coordinate Measuring Machines (CMM) Market: Segmentation

Segmentation of the global coordinate measuring machines market by product type:

  • Bridge
  • Gantry
  • Horizontal arm
  • Others

Segmentation of the global coordinate measuring machines market by end-user:

  • Automotive
  • Aerospace
  • Industrial
  • Electronics and Electrical
  • Military
  • Energy and Power
  • Others

Global Coordinate Measuring Machines Market: Region-wise Outlook

The aerospace machining industry is cutting edge and very competitive in North America. As the tolerance requirements become stringent, the demand for high performance machine tools is increasing and thereby growing the demand for high accuracy range of coordinate measuring machine. The increase in defence & aerospace and automotive setups in Asia is an important driver for coordinate measuring machines market in Asia, mainly focusing China. There has been adverse effect in Europe and American markets owing to the price pressures.

Global Coordinate Measuring Machines Market: Market Participants

Examples of some of the market participants in the global coordinate measuring machines market are Chien Wei Precise Technology Co., Ltd, Renishaw Plc, CMM Solutions (UK) Ltd, Wenzel America, LTD, CREAFORM, Helmel Engineering Products, Inc., Werth Messtechnik Gmbh, Xi’an High-Tech Aeh Industrial Metrology Co.Ltd, Nikon Metrology Inc., Carl Zeiss Industrial Metrology, Hexagon AB, Mitutoyo America Corporation, Accurate Engineering Company Pvt Ltd, Dukin Co Ltd, International Metrology Systems, ITP Group And, others.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, types and applications.

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends and Issues and Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

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Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest Of Latin America)
  • Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia, Rest Of Eastern Europe)
  • Asia Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC countries, S. Africa, N. Africa, Rest Of MEA)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint.