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Coordinate Measuring Machine (CMM) Market by Type (Bridge, Cantilever, Articulated Arm, Handheld), Application (Quality Control & Inspection, Reverse Engineering), Industry (Automotive, Heavy Machinery), and Geography - Global Forecast to 2023

Coordinate Measuring Machine (CMM) Market by Type (Bridge, Cantilever, Articulated Arm, Handheld), Application (Quality Control & Inspection, Reverse Engineering), Industry (Automotive, Heavy Machinery), and Geography - Global Forecast to 2023

“Coordinate measuring machine (CMM) market projected to grow at a CAGR of 8.00% from 2018 to 2023”
The CMM market is expected to grow from USD 2.8 billion in 2018 to USD 4.1 billion by 2023, at a CAGR of 8.00% during the forecast period. Highly accurate inspection owing to three-dimensional (3D) data for modeling and analysis and growing interest in Industrial Internet of Things (IIoT) and superior quality inspections are a few key factors driving the CMM market growth. However, high cost incurred for setting up coordinate measuring machine facility still act as key restraining factors for the market growth.

“Quality control & inspection applications to hold largest share of CMM market in 2018”
Quality control & inspection applications to hold largest share of CMM market in 2018. The growth of the CMM market for quality control & inspection application can be attributed to the increase in adoption of new inspection techniques such as computer tomography and optical inspection using CMM and optical scanners in automotive and aerospace & defense industries. However, the market for reverse engineering application is expected to grow at the highest CAGR during the forecast period.

“Automotive industry dominated CMM market during forecast period”
Automotive industry to hold the largest share of the CMM market throughout the forecast period. The automotive industry has been increasingly using optical measurement systems and CMMs, instead of conventional strain gauges, accelerometers, transducers, and extensometers for improving the safety and comfort level of a vehicle. Growing demand for vehicles, especially from developing countries, has encouraged automotive manufacturers and OEMs to opt for automation to increase production volume and meet the market demand. However, the market for heavy machinery industry is expected to grow at the highest CAGR during the forecast period.

“CMM market in APAC to grow at highest CAGR during forecast period”
APAC to hold the largest share of the CMM market in 2018 and is expected to grow at the highest CAGR during the forecast period. This high growth of APAC is expected to be led by the increasing demand for CMMs in China and Japan, especially for industries such as electronics, automotive, and heavy machinery. These countries are home to several SMEs engaged in manufacturing processes across said industries and also making significant investments for automating their production processes, which adds to the growth of the CMM market.

In the process of determining and verifying the market size for several segments and subsegments gathered through the secondary research, extensive primary interviews have been conducted with key industry experts in the CMM marketspace. The break-up of primary participants for the report has been shown below:

By Company Type: Tier 1 -- 35%, Tier 2 -- 45%, and Tier 3 -- 20%
By Designation: C-level Executives -- 40%, Directors -- 20%, and Others -- 40%
By Region: North America -- 25%, Europe -- 20%, Asia Pacific -- 40%, and RoW -- 15%

The report profiles key players in the CMM market with their respective market ranking analysis. Prominent players profiled in this report are Hexagon AB (Sweden), Faro Technologies (US), Nikon Corporation (Japan), Keyence Corporation (Japan), Carl Zeiss (Germany), Mitutoyo Corporation (Japan), GOM (Gesellschaft für Optische Messtechnik) (Germany), Perceptron (US), Creaform, Inc. (Canada), International Metrology Systems (UK), Metronor (Nesbru), Trimek (Spain), Applied Automation Tech (US), Wenzel (Germany), N. J. Metrology (UK), Avon-Dynamic (UK), Eley Metrology Limited (UK), The Sempre Group (UK), Apex Metrology Ltd (UK), and Tokyo Seimitsu Co., Ltd. (Japan).

Research Coverage:
This research report categorizes the global CMM market on the basis of type, application, industry, and geography. The report describes the major drivers, restraints, challenges, and opportunities pertaining to the CMM market and forecasts the same till 2023.

Key Benefits of Buying the Report
The report would help leaders/new entrants in this market in the following ways:
1. This report segments the CMM market comprehensively and provides the closest market size projection for all subsegments across different regions.
2. The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth.
3. This report would help stakeholders understand their competitors better and gain more insights to improve their position in the business. The competitive landscape section includes competitor ecosystem, product developments and launches, partnerships, and mergers and acquisitions.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • DEFINITION
    • STUDY SCOPE
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
      • SECONDARY AND PRIMARY RESEARCH
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS AND LIMITATIONS
      • ASSUMPTIONS
      • LIMITATIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE MARKET OPPORTUNITIES IN THE COORDINATE MEASURING MACHINE (CMM) MARKET
    • CMM MARKET, BY TYPE
    • CMM MARKET, BY APPLICATION
    • CMM MARKET IN APAC, COUNTRY VS INDUSTRY
    • CMM MARKET, BY COUNTRY
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS: OVERVIEW
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • VALUE CHAIN ANALYSIS
  • COORDINATE MEASURING MACHINE (CMM) MARKET, BY TYPE
    • INTRODUCTION
      • Table CMM MARKET, BY TYPE, 2015–2023 (USD MILLION)
      • Table CMM MARKET, BY TYPE, 2015–2023 (UNITS)
    • FIXED CMM
      • Table CMM MARKET FOR FIXED CMM, BY TYPE, 2015–2023 (USD MILLION)
      • Table CMM MARKET FOR FIXED CMM, BY TYPE, 2015–2023 (UNITS)
      • BRIDGE
        • Table FIXED CMM MARKET FOR BRIDGE TYPE CMM, BY APPLICATION, 2015–2023 (USD MILLION)
        • Table FIXED CMM MARKET FOR BRIDGE TYPE CMM, BY INDUSTRY, 2015–2023 (USD MILLION)
      • CANTILEVER
        • Table FIXED CMM MARKET FOR CANTILEVER TYPE CMM, BY APPLICATION, 2015–2023 (USD MILLION)
        • Table FIXED CMM MARKET FOR CANTILEVER TYPE CMM, BY INDUSTRY, 2015–2023 (USD MILLION)
      • GANTRY
        • Table FIXED CMM MARKET FOR GANTRY TYPE CMM, BY INDUSTRY, 2015–2023 (USD MILLION)
        • Table FIXED CMM MARKET FOR GANTRY TYPE CMM, BY INDUSTRY, 2015–2023 (USD MILLION)
    • PORTABLE CMM
      • Table CMM MARKET FOR PORTABLE CMM, BY TYPE, 2015–2023 (USD MILLION)
      • Table CMM MARKET FOR PORTABLE CMM, BY TYPE, 2015–2023 (UNITS)
      • ARTICULATED ARM
        • Table PORTABLE CMM MARKET FOR ARTICULATED ARM BASED CMM, BY APPLICATION, 2015–2023 (USD MILLION)
        • Table PORTABLE CMM MARKET FOR ARTICULATED ARM BASED CMM, BY INDUSTRY, 2015–2023 (USD MILLION)
      • HANDHELD
        • Table PORTABLE CMM MARKET FOR HANDHELD CMM, BY APPLICATION, 2015–2023 (USD MILLION)
        • Table PORTABLE CMM MARKET FOR HANDHELD CMM, BY INDUSTRY, 2015–2023 (USD MILLION)
  • COORDINATE MEASURING MACHINE (CMM) MARKET, BY APPLICATION
    • INTRODUCTION
      • Table CMM MARKET, BY APPLICATION, 2015–2023 (USD MILLION)
    • QUALITY CONTROL & INSPECTION
      • ABILITY OF CMMS TO ELIMINATE COSTLY SCRAP AND NEED FOR REWORK DRIVE MARKET FOR QUALITY CONTROL & INSPECTION APPLICATION
    • REVERSE ENGINEERING
      • ABILITY TO MAKE CHANGES IN ORIGINAL PRODUCTS CONTRIBUTE TO GROWTH OF CMM MARKET FOR REVERSE ENGINEERING APPLICATION
    • VIRTUAL SIMULATION
      • VIRTUAL SIMULATION ENHANCES ANIMATION DONE IN MOVIES AND VIDEO GAMES
    • OTHERS
      • ADOPTION OF CMMS FOR MEASURING PROFILE ERRORS DRIVING MARKET FOR OTHER APPLICATIONS
  • COORDINATE MEASURING MACHINE (CMM) MARKET, BY INDUSTRY
    • INTRODUCTION
      • Table CMM MARKET, BY INDUSTRY, 2015–2023 (USD MILLION)
    • AUTOMOTIVE
      • Table CMM MARKET FOR AUTOMOTIVE INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
      • Table CMM MARKET FOR AUTOMOTIVE INDUSTRY IN APAC, BY COUNTRY/REGION, 2015–2023 (USD MILLION)
      • Table CMM MARKET FOR AUTOMOTIVE INDUSTRY IN EUROPE, BY COUNTRY/REGION, 2015–2023 (USD MILLION)
      • Table CMM MARKET FOR AUTOMOTIVE INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2015–2023 (USD MILLION)
      • Table CMM MARKET FOR AUTOMOTIVE INDUSTRY IN ROW, BY REGION, 2015–2023 (USD MILLION)
      • Table CMM MARKET FOR AUTOMOTIVE INDUSTRY, BY TYPE, 2015–2023 (USD MILLION)
      • AUTOMOTIVE DESIGN AND STYLING
      • PILOT PLANT METROLOGY
      • AUTOMOTIVE COMPONENT INSPECTION
      • OTHER APPLICATIONS
    • AEROSPACE & DEFENSE
      • Table CMM MARKET FOR AEROSPACE & DEFENSE INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
      • Table CMM MARKET FOR AEROSPACE & DEFENSE INDUSTRY IN APAC, BY COUNTRY/REGION, 2015–2023 (USD MILLION)
      • Table CMM MARKET FOR AEROSPACE & DEFENSE INDUSTRY IN EUROPE, BY COUNTRY/REGION, 2015–2023 (USD MILLION)
      • Table CMM MARKET FOR AEROSPACE & DEFENSE IN NORTH AMERICA, BY COUNTRY, 2015–2023 (USD MILLION)
      • Table CMM MARKET FOR AEROSPACE & DEFENSE IN ROW, BY REGION, 2015–2023 (USD MILLION)
      • Table CMM MARKET FOR AEROSPACE & DEFENSE, BY TYPE, 2015–2023 (USD MILLION)
      • AIRCRAFT COMPONENT DESIGN AND INSPECTION
      • DEFENSE EQUIPMENT DESIGN AND INSPECTION
      • SPACE EXPLORATION EQUIPMENT DESIGN AND INSPECTION
    • HEAVY MACHINERY
      • AS CMM CAN PROVIDE ONSITE DIMENSIONAL MEASUREMENT FOR MANUFACTURERS OF HEAVY EQUIPMENT, ADOPTION OF CMM IN HEAVY MACHINERY INDUSTRY IS EXPECTED TO GROW SIGNIFICANTLY DURING FORECAST PERIOD
        • Table CMM MARKET FOR HEAVY MACHINERY INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
        • Table CMM MARKET FOR HEAVY MACHINERY INDUSTRY IN APAC, BY COUNTRY/REGION, 2015–2023 (USD MILLION)
        • Table CMM MARKET FOR HEAVY MACHINERY INDUSTRY IN EUROPE, BY COUNTRY/REGION, 2015–2023 (USD MILLION)
        • Table CMM MARKET FOR HEAVY MACHINERY INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2015–2023 (USD MILLION)
        • Table CMM MARKET FOR HEAVY MACHINERY INDUSTRY IN ROW, 2015–2023 (USD MILLION)
        • Table CMM MARKET FOR HEAVY MACHINERY INDUSTRY, BY TYPE, 2015–2023 (USD MILLION)
    • ENERGY & POWER
      • Table CMM MARKET FOR ENERGY & POWER INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
      • Table CMM MARKET FOR ENERGY & POWER INDUSTRY IN APAC, BY COUNTRY/REGION, 2015–2023 (USD MILLION)
      • Table CMM MARKET FOR ENERGY & POWER INDUSTRY IN EUROPE, BY COUNTRY/REGION, 2015–2023 (USD MILLION)
      • Table CMM MARKET FOR ENERGY & POWER INDUSTRY IN NORTH AMERICA, BY COUNTRY/REGION, 2015–2023 (USD MILLION)
      • Table CMM MARKET FOR ENERGY & POWER INDUSTRY IN ROW, BY REGION, 2015–2023 (USD MILLION)
      • Table CMM MARKET FOR ENERGY & POWER INDUSTRY, BY TYPE, 2015–2023 (USD MILLION)
      • INSPECTION AND MAINTENANCE OF TURBINES
      • INSPECTION AND MAINTENANCE OF SOLAR PANELS
    • ELECTRONICS
      • ABILITY TO MONITOR HIGH-PACED PRODUCTION OF VARIOUS ELECTRONIC PRODUCTS TO DRIVE MARKET FOR ELECTRONICS INDUSTRY
        • Table CMM MARKET FOR ELECTRONICS INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
        • Table CMM MARKET FOR ELECTRONICS INDUSTRY IN APAC, BY COUNTRY/REGION, 2015–2023 (USD MILLION)
        • Table CMM MARKET FOR ELECTRONICS INDUSTRY IN EUROPE, BY COUNTRY/REGION, 2015–2023 (USD MILLION)
        • Table CMM MARKET FOR ELECTRONICS INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2015–2023 (USD MILLION)
        • Table CMM MARKET FOR ELECTRONICS INDUSTRY IN ROW, BY REGION, 2015–2023 (USD MILLION)
        • Table CMM MARKET FOR ELECTRONICS INDUSTRY, BY TYPE, 2015–2023 (USD MILLION)
    • MEDICAL
      • CMM PLAYS IMPORTANT ROLE IN DESIGN AND MANUFACTURE OF MEDICAL EQUIPMENT WITH CERTAIN SPECIFICATIONS
        • Table CMM MARKET FOR MEDICAL INDUSTRY, BY REGION, 2015–2023 (USD MILLION)
        • Table CMM MARKET FOR MEDICAL INDUSTRY IN APAC, BY COUNTRY/REGION, 2015–2023 (USD THOUSAND)
        • Table CMM MARKET FOR MEDICAL INDUSTRY IN EUROPE, BY COUNTRY/REGION, 2015–2023 (USD THOUSAND)
        • Table CMM MARKET FOR MEDICAL INDUSTRY IN NORTH AMERICA, BY COUNTRY, 2015–2023 (USD THOUSAND)
        • Table CMM MARKET FOR MEDICAL INDUSTRY IN ROW, BY REGION, 2015–2023 (USD THOUSAND)
        • Table CMM MARKET FOR MEDICAL INDUSTRY, BY TYPE, 2015–2023 (USD MILLION)
    • OTHERS
      • CMMS ARE ADOPTED FOR INSPECTION AND QUALITY CONTROL APPLICATIONS IN FORENSICS AND FASHION AND JEWELLERY INDUSTRIES
        • Table CMM MARKET FOR OTHERS, BY REGION, 2015–2023 (USD THOUSAND)
        • Table CMM MARKET FOR OTHERS IN APAC, BY COUNTRY/REGION, 2015–2023 (USD THOUSAND)
        • Table CMM MARKET FOR OTHERS IN EUROPE, BY COUNTRY/REGION, 2015–2023 (USD THOUSAND)
        • Table CMM MARKET FOR OTHERS IN NORTH AMERICA, BY COUNTRY, 2015–2023 (USD THOUSAND)
        • Table CMM MARKET FOR OTHERS IN ROW, BY REGION, 2015–2023 (USD THOUSAND)
        • Table CMM MARKET FOR OTHERS, BY TYPE, 2015–2023 (USD MILLION)
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table CMM MARKET, BY REGION, 2015–2023 (USD MILLION)
    • NORTH AMERICA
      • Table CMM MARKET IN NORTH AMERICA, BY COUNTRY, 2015–2023 (USD MILLION)
      • US
      • CANADA
      • MEXICO
    • EUROPE
      • Table CMM MARKET IN EUROPE, BY COUNTRY/REGION, 2015–2023 (USD MILLION)
      • GERMANY
      • FRANCE
      • UK
      • ITALY
      • SPAIN
      • REST OF EUROPE
    • APAC
      • Table CMM MARKET IN APAC, BY COUNTRY, 2015–2023 (USD MILLION)
      • CHINA
      • JAPAN
      • INDIA
      • REST OF APAC
    • ROW
      • Table CMM MARKET IN ROW, BY REGION, 2015–2023 (USD MILLION)
      • SOUTH AMERICA
      • MIDDLE EAST AND AFRICA
  • COMPETITIVE LANDSCAPE
    • INTRODUCTION
    • CMM MARKET RANKING ANALYSIS, 2017
      • Table CMM MARKET RANKING, 2017
    • COMPETITIVE SITUATIONS AND TRENDS
      • PRODUCT LAUNCHES
        • Table PRODUCT LAUNCHES, 2015–2017
      • PARTNERSHIPS AND COLLABORATIONS
        • Table PARTNERSHIPS AND COLLABORATIONS, 2015–2017
      • EXPANSIONS
        • Table EXPANSIONS, 2015–2017
      • CONTRACTS AND AGREEMENTS
        • Table CONTRACTS AND AGREEMENTS, 2015–2017
      • ACQUISITIONS
        • Table ACQUISITIONS, 2015–2017
  • COMPANY PROFILES
    • KEY PLAYERS
      • FARO TECHNOLOGIES
      • HEXAGON AB
      • NIKON
      • CARL ZEISS
      • MITUTOYO CORPORATION
      • KEYENCE CORPORATION
      • GOM
      • CREAFORM, INC.
      • PERCEPTRON, INC.
      • TOKYO SEIMITSU CO., LTD.
    • OTHER COMPANIES
      • INTERNATIONAL METROLOGY SYSTEMS
      • APPLIED AUTOMATION TECH.(AAT)
      • METRONOR
      • TRIMEK
      • WENZEL
      • N. J. METROLOGY
      • AVON-DYNAMIC
      • ELEY METROLOGY LIMITED
      • THE SEMPRE GROUP
      • APEX METROLOGY LTD
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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