Coordinate Measuring Machine Market Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast (2021 – 2026) Contact: Venkat Reddy sales@industryarc.com (+1) 970-236-3677
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• Coordinate Measuring Machine Market size is estimated to reach $5.6 billion by 2026 at a CAGR of 6.9% during the forecast period 20212026. The growth of Coordinate Measuring Machine Market is majorly attributed to the growing demand for metrological instruments in different industry verticals facilitating smart manufacturing by providing a robust entry point in automated measurement for achieving optimized automated inspection and quality control with high precision and accuracy. Increasing penetration of 3D Bridge Coordinate Measuring Machine in automotive, aerospace & defense, utility and electronics sector enabling probe movement along X,Y,Z axes, orthogonal to each other and equipped with sensors in a 3D Cartesian Coordinate system for capturing and analyzing 3D data to monitor. Contact: (+1) 970-2363677 Email: sales@industryarc.com
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Key Takeaways • APAC is estimated to account for the largest market share of 37.5% during the forecast period 2021-2026 due to rapid industrialization and increasing adoption of international quality standards in various industry verticals. • Increasing adoption of automated quality inspection in smart factories and rising demand for metrological instruments in power sector are augmenting the market. • Reverse engineering segment is analyzed to be the fastest growing market with a CAGR 10.1% during the forecast period 2021-2026 owing to its wide range of applications in automotive, energy & medical sector. Contact: (+1) 970-2363677 Email: sales@industryarc.com
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By Distribution Channel- Segment Analysis By Offering, Coordinate Measuring Machine is segmented under product and services. Products segment dominated the market in 2020 and is estimated to hold the major market share of 78.2% due to massive and quick adoption of CMM offering automated quality inspection to facilitate smart manufacturing. Products are also estimated to be growing with a CAGR of 5.9% due to its wide range of applications in manufacturing of automotive car body parts, turbine blades, medical implants and others. By product, Coordinate Measuring Machine is segmented under Bridge, Gantry, Horizontal Arm, Cantilever, Articulated Arm, Handheld and others. Contact: (+1) 970-2363677 Email: sales@industryarc.com
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Coordinate Measuring Machine Market Industry Outlook • • • • • • • • •
Hexagon AB APEX Metrology Ltd. International Metrology Systems Applied Automation Tech Faro Technologies Avon Dynamic Calibration Ltd. Carl Zeiss AG Eley Metrology Ltd. N J Metrology Ltd
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Coordinate Measuring Machine Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast (2021 – 2026) Learn More About the Report
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