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Coordinate Measuring Machine Market was valued at over USD 3.5 billion in 2023 and is anticipated to grow at a CAGR of over 9% between 2024 and 2032. The rise in automation and the integration of these machines with robotic systems and automated manufacturing cells are acting as a catalyst in the market. Automated CMMs equipped with robotic arms, automated probe changers, and intelligent software can perform complex measurement sequences, part inspections, and quality control tasks without human intervention, thereby improving accuracy, repeatability, and throughput.
With the rising adoption of precision manufacturing in industries, such as medical devices, electronics, and precision engineering, there is a growing demand for improved accuracy and precision in manufacturing processes. CMMs ensure that parts and components meet the required specifications and standards. This is driving the adoption and integration of advanced metrology solutions, such as CMMs, to meet the evolving needs and expectations of various industries and end users.
Report Attribute | Details |
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Base Year: | 2023 |
Coordinate Measuring Machine Market Size in 2023: | USD 3.5 Billion |
Forecast Period: | 2024 – 2032 |
Forecast Period 2024 – 2032 CAGR: | 9% |
2024 – 2032 Value Projection: | USD 8 Billion |
Historical Data for: | 2018 - 2023 |
No. of Pages: | 220 |
Tables, Charts & Figures: | 258 |
Segments covered: | Type, application, end-user, and region |
Growth Drivers: |
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Pitfalls & Challenges: |
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The rapid advancements in CMM technology require operators and technicians to continuously update their knowledge and skills to stay familiar with the latest features, functionalities, and best practices. The software interfaces used in modern CMMs are complex and require a steep learning curve for new operators. Customizing measurement routines, programming automated inspection sequences, and generating detailed reports can be challenging tasks that require advanced software skills and experience.
With the rising emphasis on accuracy, reliability, and quality assurance across various industries, precision quality measurement has emerged as a pivotal growth driver in the market growth. Industries, such as automotive, aerospace, medical devices, electronics, and precision engineering, require high manufacturing accuracy and precision to meet stringent quality standards and customer expectations. CMMs enable industry players to ensure that parts and components meet the required specifications, tolerances, and quality criteria, driving their adoption in precision quality measurement.
The growing demand for higher accuracy and tighter tolerances in manufacturing processes is fueling the adoption of advanced CMMs capable of achieving ultra-high precision measurements. As a result, industries are investing in CMMs with enhanced accuracy, resolution, and repeatability to measure complex geometries, intricate features, and tight tolerances.
Based on type, portable segment is anticipated to expand at a CAGR of over 11.5% between 2024 and 2032.
Based on end user, the heavy machinery segment dominated the 40% share of the coordinate measuring machine market in 2023.
The Asia Pacific coordinate measuring machine market is projected to exceed 10.5% from 2024 to 2032. This growth is driven by the technological advancements, increasing investments in manufacturing infrastructure, and the adoption of Industry 4.0 and smart manufacturing initiatives across various industries in the region. Countries, such as China, Japan, India, and South Korea, are experiencing significant growth, due to their rapidly expanding industrial sectors, strong emphasis on innovation and automation, and growing demand for high-precision measurement and inspection solutions.
Hexagon AB and ZEISS held a significant share of over 23% in 2023. Hexagon AB is a global leader in digital solutions that create Autonomous Connected Ecosystems (ACE), shaping urban and production ecosystems to become increasingly connected and autonomous. Hexagon's solutions leverage data from sensors, software, and autonomous solutions to improve efficiency, productivity, quality, and safety across various industries, including manufacturing, aerospace, automotive, electronics, healthcare, construction, and infrastructure.
ZEISS, a globally renowned technology leader in the fields of optics and optoelectronics, is a prominent player in the Coordinate Measuring Machine (CMM) market. With a rich heritage of over 170 years, ZEISS has established a strong reputation for delivering high-precision, innovative, and reliable metrology solutions, including CMMs, optical systems, microscopy systems, and software solutions, to meet the demanding measurement and inspection requirements of various industries, such as automotive, aerospace, medical, electronics, and manufacturing.
Major players operating in the coordinate measuring machine industry are:
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Market, By Type
Market, By Application
Market, By End User
The above information is provided for the following regions and countries: