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Coordinate Measuring Machine Market Share

Report ID: GMI9183
Published Date: Apr 2024
Report Format: PDF

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Coordinate Measuring Machine Market Share

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.

Coordinate Measuring Machine Market Companies

Major players operating in the coordinate measuring machine industry are:

Hexagon AB
ZEISS
FARO
KEYENCE CORPORATION
Sinowon Innovation Metrology Manufacture Limited.
Perceptron, Inc.
Nikon Corporation

Authors: Preeti Wadhwani, Aishwarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of coordinate measuring machine was reached USD 3.5 billion in 2023 and will grow at over 9% CAGR between 2024 and 2032, driven by the rise in automation and the integration of these machines with robotic systems.

Portable coordinate measuring machine (CMM) market registered significant growth in 2023 and will expand at over 11.5% CAGR between 2024 and 2032, attributed to its flexibility, mobility and ease of use.

Asia Pacific coordinate measuring machine (CMM) market held a decent share in 2023 and will grow at over 10.5% CAGR from 2024 to 2032, driven by technological advancements.

Hexagon AB, ZEISS, FARO, KEYENCE CORPORATION, Sinowon Innovation Metrology Manufacture Limited., Perceptron, Inc., and Nikon Corporation among others.