The Coordinate Measuring Machine (CMM) Market size was estimated at USD 3.39 Billion in 2023 and is expected to reach USD 6.70 Billion by 2031 at a CAGR of 8.87% during the forecast period of 2024-2031.
Measurement of a Type's dimensions, optical, electromagnetic, mechanical, optical radiation, thermodynamic, and time/frequency parameters is done using coordinate measuring machines (CMMs), a subsegment of the metrology market. To get precise measurements and improve the quality of the final Type during manufacturing, CMM is also utilized during the Type development cycle. The use of CMM during manufacturing enables the detection of dimension, shape, and placement variations in components and subassemblies, resulting in higher mechanical quality and mechatronic performance. The urgent demand for precise dimensional measurement and validation of geometric accuracy in manufacturing, automotive, aerospace, military, and other industrial equipment and components is what propels the market for coordinate measuring machines.
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MARKET DYNAMICS
DRIVERS
A need for quality
Sectoral Diversification
Efficiency and automation
Technological progress
RESTRAIN
Low Portability, High Initial Costs, and Skill Requirements:
Investments in CMMs can be capital-intensive, which may hinder smaller enterprises or those with limited resources.
The need for competent employees to operate and program CMMs can make hiring and training difficult. Traditional CMMs can be heavy and less portable, which may be a drawback in some markets or uses.
OPPORTUNITY
Integration of Industry 4.0, mobile CMMs, and customization
The combination of Industry 4.0 technologies like IoT and data analytics with CMMs enables real-time monitoring and predictive maintenance. The ability of portable and handheld CMMs to conduct measurements flexibly and to expand Industries beyond those of fixed CMM installations is driving up demand for these devices. Providing CMM solutions that may be tailored to a certain company's needs may open up new market prospects.
CHALLENGES
Data handling and interpretation, rivalry from substitutes, and regulatory compliance
Other metrology options, like optical measurement systems and 3D scanners, compete with traditional CMMs. It can be difficult and requires significant data analysis abilities to manage and comprehend the enormous amount of data provided by CMMs. Manufacturers of CMM may face difficulties adhering to rules and industry standards that are constantly changing across several industries.
IMPACT OF RUSSIAN RUSSIAN-UKRAINE WAR
Economic sanctions imposed on the Russian Federation by the United States and its allies are expected to have an impact on this company's plans to expand. The war also severely impacted global businesses, causing import and export flows to be disrupted. Russia's dominance and that of Roscosmos, a quasi-civilian space agency, had an impact on alternative launch service providers in India, Japan, Europe, and the United States. These aspects affected the market negatively during the war.
IMPACT OF ONGOING RECESSION
Industry forecasts for the Coordinate Measuring Machine (CMM) market size (sales and revenue) by regions and nations from 2023 to 2029 The specifics are based on historical turning points and present trends. The amount of Typeion for the global market and each type from 2019 to 2029 is also examined in this section. The amount of output by region from 2019 to 2029 is discussed in this section. The research contains pricing analysis for each kind from 2019 to 2029, each manufacturer from 2019 to 2023, each area from 2019 to 2023, and the global price from 2019 to 2029. The market share of coordinate measuring machines (CMM), distributors, significant suppliers, shifting price trends, and the raw material supply chain are emphasized in the report.
By Type
Fixed CMM
Bridge
Cantilever
Gantry
Portable CMM
Articulated Arm
Handheld
By Industry
Automotive
Aerospace
Heavy Machinery
Energy & Power
Electronics
Medical
Others
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REGIONAL COVERAGE
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
REGIONAL ANALYSES
With more than 43.7% of the market over the forecast, Asia Pacific is the market leader. This dominance may be attributable to the vehicle industry's growing potential, which is stimulated by population growth. One of the primary trends driving Asia Pacific's greatest share of the global market is the increasing awareness of technological integration as well as the growing concentration of leading nations like China and Japan in the heavy machinery sectors.
The aerospace manufacturing industry in North America is state-of-the-art and fiercely competitive. The need for high-performance machine tools and highly accurate coordinate measurement equipment is increasing as tolerance standards are tightened. Increased mechanical quality and mechatronic performance are ensured by the use of CMM, which helps to identify dimensions, shape, and position variations of components and subassemblies during manufacture. performance. The urgent demand for precise dimensional measurement and validation of geometric accuracy in manufacturing, automotive, aerospace, military, and other industrial equipment and components is what propels the market for coordinate measuring machines.
The major Key players are Nikon Corporation, Dukin, Eley Metrology, Keyence Corporation, Hexagon, Mitutoyo, FARO Technologies, Micro-Vu, Applied Automation Tech, Redlux, Aberlink, Creaform, Sipcon Instrument Industries, Alicona Imaging, Chien Wei Precise Technology, Fowler High Precision and others.
Nikon Corporation-Company Financial Analysis
RECENT DEVELOPMENT
Hexagon's Manufacturing Intelligence: In April 2023, Hexagon's Manufacturing Intelligence division introduced the ultra-high-accuracy Leitz PMM-C coordinate measurement machines (CMMs). To get the greatest measurement possible, the Leitz PMM-C type uses ultra-high-precision fixed probe heads in high-precision industries with incredibly tight form tolerances.
PMA (parts manufacturer approval): In January 2023, The PMA (parts manufacturer approval) procedure was used by Av8 Group to introduce a second coordinate measurement machine system (CMMS) for the type of FAA-approved parts. The Houston-based company's landing gear refurbishing process is more effective and valuable thanks to the new technique, which enables more efficient assessment of larger parts.
| Report Attributes | Details |
| Market Size in 2023 | US$ 3.39 Bn |
| Market Size by 2031 | US$ 6.70 Bn |
| CAGR | CAGR of 8.87% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Fixed CMM, Bridge, Cantilever, Gantry, Portable CMM, Articulated Arm, Handheld) • By Industry (Automotive, Aerospace, Heavy Machinery, Energy & Power, Electronics, Medical, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Nikon Corporation, Dukin, Eley Metrology, Keyence Corporation, Hexagon, Mitutoyo, FARO Technologies, Micro-Vu, Applied Automation Tech, Redlux, Aberlink, Creaform, Sipcon Instrument Industries, Alicona Imaging, Chien Wei Precise Technology, Fowler High Precision |
| Key Drivers | • A need for quality • Sectoral Diversification • Efficiency and automation • Technological progress |
| Market Restraints | • Low Portability, High Initial Costs, and Skill Requirements: • Investments in CMMs can be capital-intensive, which may hinder smaller enterprises or those with limited resources. |
The Coordinate Measuring Machine (CMM) Market is expected to grow at 8.7% CAGR from 2023 to 2030.
According to our analysis, the Coordinate Measuring Machine (CMM) Market is anticipated to reach USD 6.12 billion By 2030.
Factors such as the expanding usage of 3D data for modeling and analytical purposes, rising R&D expenditures for developing metrology devices, and a booming automobile industry. Additionally, industry 4.0, the rapid adoption of cloud computing, and the growing need for coordinate measuring machine services are predicted to open up profitable business opportunities for the CMM market.
The leading participants the Nikon Corporation, Dukin, Eley Metrology, Keyence Corporation, Hexagon, Mitutoyo, FARO Technologies, Micro-Vu, and Applied Automation Tech.
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TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Coordinate Measuring Machine (CMM) Market, By Type
8.1 Fixed CMM
8.2Bridge
8.3 Cantilever
8.4 Gantry
8.5 Portable CMM
8.6 Articulated Arm
8.7 Handheld
9. Coordinate Measuring Machine (CMM) Market,By Industry
9.1 Automotive
9.2 Aerospace
9.3 Heavy Machinery
9.4 Energy & Power
9.5 Electronics
9.6 Medical
9.7 Others
10. Regional Analysis10.1 Introduction
10.2 North America
10.2.1 North America Coordinate Measuring Machine (CMM) Market, by Country
10.2.2North America Coordinate Measuring Machine (CMM) Market, By Type
10.2.3 North America Coordinate Measuring Machine (CMM) Market, By Industry
10.2.4 USA
10.2.4.1 USA Coordinate Measuring Machine (CMM) Market, By Type
10.2.4.2 USA Coordinate Measuring Machine (CMM) Market, By Industry
10.2.5 Canada
10.2.5.1 Canada Coordinate Measuring Machine (CMM) Market, By Type
10.2.5.2 Canada Coordinate Measuring Machine (CMM) Market, By Industry
10.2.6 Mexico
10.2.6.1 Mexico Coordinate Measuring Machine (CMM) Market By Type
10.2.6.2 Mexico Coordinate Measuring Machine (CMM) Market By Industry
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Eastern Europe Coordinate Measuring Machine (CMM) Market by Country
10.3.1.2 Eastern Europe Coordinate Measuring Machine (CMM) Market By Type
10.3.1.3 Eastern Europe Coordinate Measuring Machine (CMM) Market By Industry
10.3.1.4 Poland
10.3.1.4.1 Poland Coordinate Measuring Machine (CMM) Market By Type
10.3.1.4.2 Poland Coordinate Measuring Machine (CMM) Market By Industry
10.3.1.5 Romania
10.3.1.5.1 Romania Coordinate Measuring Machine (CMM) Market By Type
10.3.1.5.2 Romania Coordinate Measuring Machine (CMM) Market By Industry
10.3.1.6 Hungary
10.3.1.6.1 Hungary Coordinate Measuring Machine (CMM) Market By Type
10.3.1.6.2 Hungary Coordinate Measuring Machine (CMM) Market By Industry
10.3.1.7 Turkey
10.3.1.7.1 Turkey Coordinate Measuring Machine (CMM) Market By Type
10.3.1.7.2 Turkey Coordinate Measuring Machine (CMM) Market By Industry
10.3.1.8 Rest of Eastern Europe
10.3.1.8.1 Rest of Eastern Europe Coordinate Measuring Machine (CMM) Market By Type
10.3.1.8.2 Rest of Eastern Europe Coordinate Measuring Machine (CMM) Market By Industry
10.3.2 Western Europe
10.3.2.1 Western Europe Coordinate Measuring Machine (CMM) Market by Country
10.3.2.2 Western Europe Coordinate Measuring Machine (CMM) Market By Type
10.3.2.3 Western Europe Coordinate Measuring Machine (CMM) Market By Industry
10.3.2.4 Germany
10.3.2.4.1 Germany Coordinate Measuring Machine (CMM) Market By Type
10.3.2.4.2 Germany Coordinate Measuring Machine (CMM) Market By Industry
10.3.2.5 France
10.3.2.5.1 France Coordinate Measuring Machine (CMM) Market By Type
10.3.2.5.2 France Coordinate Measuring Machine (CMM) Market By Industry
10.3.2.6 UK10.3.2.6.1 UK Coordinate Measuring Machine (CMM) Market By Type
10.3.2.6.2 UK Coordinate Measuring Machine (CMM) Market By Industry
10.3.2.7 Italy
10.3.2.7.1 Italy Coordinate Measuring Machine (CMM) Market By Type
10.3.2.7.2 Italy Coordinate Measuring Machine (CMM) Market By Industry
10.3.2.8 Spain
10.3.2.8.1 Spain Coordinate Measuring Machine (CMM) Market By Type
10.3.2.8.2 Spain Coordinate Measuring Machine (CMM) Market By Industry
10.3.2.9 Netherlands
10.3.2.9.1 Netherlands Coordinate Measuring Machine (CMM) Market By Type
10.3.2.9.2 Netherlands Coordinate Measuring Machine (CMM) Market By Industry
10.3.2.10 Switzerland
10.3.2.10.1 Switzerland Coordinate Measuring Machine (CMM) Market By Type
10.3.2.10.2 Switzerland Coordinate Measuring Machine (CMM) Market By Industry
10.3.2.11 Austria
10.3.2.11.1 Austria Coordinate Measuring Machine (CMM) Market By Type
10.3.2.11.2 Austria Coordinate Measuring Machine (CMM) Market By Industry
10.3.2.12 Rest of Western Europe
10.3.2.12.1 Rest of Western Europe Coordinate Measuring Machine (CMM) Market By Type
10.3.2.12.2 Rest of Western Europe Coordinate Measuring Machine (CMM) Market By Industry
10.4 Asia-Pacific
10.4.1 Asia Pacific Coordinate Measuring Machine (CMM) Market by Country
10.4.2 Asia Pacific Coordinate Measuring Machine (CMM) Market By Type
10.4.3 Asia Pacific Coordinate Measuring Machine (CMM) Market By Industry
10.4.4 China
10.4.4.1 China Coordinate Measuring Machine (CMM) Market By Type
10.4.4.2 China Coordinate Measuring Machine (CMM) Market By Industry
10.4.5 India
10.4.5.1 India Coordinate Measuring Machine (CMM) Market By Type
10.4.5.2 India Coordinate Measuring Machine (CMM) Market By Industry
10.4.6 Japan
10.4.6.1 Japan Coordinate Measuring Machine (CMM) Market By Type
10.4.6.2 Japan Coordinate Measuring Machine (CMM) Market By Industry
10.4.7 South Korea
10.4.7.1 South Korea Coordinate Measuring Machine (CMM) Market By Type
10.4.7.2 South Korea Coordinate Measuring Machine (CMM) Market By Industry
10.4.8 Vietnam
10.4.8.1 Vietnam Coordinate Measuring Machine (CMM) Market By Type
10.4.8.2 Vietnam Coordinate Measuring Machine (CMM) Market By Industry
10.4.9 Singapore
10.4.9.1 Singapore Coordinate Measuring Machine (CMM) Market By Type
10.4.9.2 Singapore Coordinate Measuring Machine (CMM) Market By Industry
10.4.10 Australia
10.4.10.1 Australia Coordinate Measuring Machine (CMM) Market By Type
10.4.10.2 Australia Coordinate Measuring Machine (CMM) Market By Industry
10.4.11 Rest of Asia-Pacific
10.4.11.1 Rest of Asia-Pacific Coordinate Measuring Machine (CMM) Market By Type
10.4.11.2 Rest of Asia-Pacific Coordinate Measuring Machine (CMM) Market By Industry
10.5 Middle East & Africa
10.5.1 Middle East
10.5.1.1 Middle East Coordinate Measuring Machine (CMM) Market by Country
10.5.1.2 Middle East Coordinate Measuring Machine (CMM) Market By Type
10.5.1.3 Middle East Coordinate Measuring Machine (CMM) Market By Industry
10.5.1.4 UAE
10.5.1.4.1 UAE Coordinate Measuring Machine (CMM) Market By Type
10.5.1.4.2 UAE Coordinate Measuring Machine (CMM) Market By Industry
10.5.1.5 Egypt
10.5.1.5.1 Egypt Coordinate Measuring Machine (CMM) Market By Type
10.5.1.5.2 Egypt Coordinate Measuring Machine (CMM) Market By Industry
10.5.1.6 Saudi Arabia
10.5.1.6.1 Saudi Arabia Coordinate Measuring Machine (CMM) Market By Type
10.5.1.6.2 Saudi Arabia Coordinate Measuring Machine (CMM) Market By Industry
10.5.1.7 Qatar
10.5.1.7.1 Qatar Coordinate Measuring Machine (CMM) Market By Type
10.5.1.7.2 Qatar Coordinate Measuring Machine (CMM) Market By Industry
10.5.1.8 Rest of Middle East
10.5.1.8.1 Rest of Middle East Coordinate Measuring Machine (CMM) Market By Type
10.5.1.8.2 Rest of Middle East Coordinate Measuring Machine (CMM) Market By Industry
10.5.2 Africa
10.5.2.1 Africa Coordinate Measuring Machine (CMM) Market by Country
10.5.2.2 Africa Coordinate Measuring Machine (CMM) Market By Type
10.5.2.3 Africa Coordinate Measuring Machine (CMM) Market By Industry
10.5.2.4 Nigeria
10.5.2.4.1 Nigeria Coordinate Measuring Machine (CMM) Market By Type
10.5.2.4.2 Nigeria Coordinate Measuring Machine (CMM) Market By Industry
10.5.2.5 South Africa
10.5.2.5.1 South Africa Coordinate Measuring Machine (CMM) Market By Type
10.5.2.5.2 South Africa Coordinate Measuring Machine (CMM) Market By Industry
10.5.2.6 Rest of Africa
10.5.2.6.1 Rest of Africa Coordinate Measuring Machine (CMM) Market By Type
10.5.2.6.2 Rest of Africa Coordinate Measuring Machine (CMM) Market By Industry
10.6 Latin America
10.6.1 Latin America Coordinate Measuring Machine (CMM) Market by Country
10.6.2 Latin America Coordinate Measuring Machine (CMM) Market By Type
10.6.3 Latin America Coordinate Measuring Machine (CMM) Market By Industry
10.6.4 Brazil
10.6.4.1 Brazil Coordinate Measuring Machine (CMM) Market By Type
10.6.4.2 Brazil Coordinate Measuring Machine (CMM) Market By Industry
10.6.5 Argentina
10.6.5.1 Argentina Coordinate Measuring Machine (CMM) Market By Type
10.6.5.2 Argentina Coordinate Measuring Machine (CMM) Market By Industry
10.6.6 Colombia
10.6.6.1 Colombia Coordinate Measuring Machine (CMM) Market By Type
10.6.6.2 Colombia Coordinate Measuring Machine (CMM) Market By Industry
10.6.7 Rest of Latin America
10.6.7.1 Rest of Latin America Coordinate Measuring Machine (CMM) Market By Type
10.6.7.2 Rest of Latin America Coordinate Measuring Machine (CMM) Market By Industry
11 Company Profile
11.1 Nikon Corporation
11.1.1 Company Overview
11.1.2 Financials
11.1.3 Type/Services Offered
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2 Altec
11.2.1 Company Overview
11.2.2 Dukin
11.2.3 Type/Services Offered
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3 Eley Metrology
11.3.1 Company Overview
11.3.2 Financials
11.3.3 Type/Services Offered
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4 Keyence Corporation
11.4.1 Company Overview
11.4.2 Financials
11.4.3 Type/Services Offered
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5 Hexagon
11.5.1 Company Overview
11.5.2 Financials
11.5.3 Type/Services Offered
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6 Mitutoyo
11.6.1 Company Overview
11.6.2 Financials
11.6.3 Type/Services Offered
11.6.4 SWOT Analysis
11.6.5 The SNS View
11.7 FARO Technologies
11.7.1 Company Overview
11.7.2 Financials
11.7.3 Type/Services Offered
11.7.4 SWOT Analysis
11.7.5 The SNS View
11.8 Micro-Vu
11.8.1 Company Overview
11.8.2 Financials
11.8.3 Type/Services Offered
11.8.4 SWOT Analysis
11.8.5 The SNS View
11.9 Applied Automation Tech
11.9.1 Company Overview
11.9.2 Financials
11.9.3 Type/ Services Offered
11.9.4 SWOT Analysis
11.9.5 The SNS View
11.10 Redlux
11.10.1 Company Overview
11.10.2 Financials
11.10.3 Type/Services Offered
11.10.4 SWOT Analysis
11.10.5 The SNS View
12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share Analysis
12.3 Recent Developments
12.3.1 Industry News
12.3.2 Company News
12.3.3 Mergers & Acquisitions
13. USE Cases and Best Practices
14. Conclusion
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