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Coordinate Measuring Machine Market Trends

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

Coordinate Measuring Machine Market Trends 

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.

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.

Coordinate Measuring Machine Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 258
  • Countries covered: 22
  • Pages: 220
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