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Coordinate Measuring Machine Market Size

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

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Coordinate Measuring Machine Market Size

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.

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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.

Coordinate Measuring Machine Market Report Attributes
Report Attribute	Details
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:	Increasing demand for precision manufacturing Technological advancements and rise in automation Growing adoption of Industry 4.0 principles Growing focus on quality assurance and compliance Rising adoption of 3D portable equipment
Pitfalls & Challenges:	High initial costs Lack of skilled workforce

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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.

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.