What Is The Future Of The Coordinate Measuring Machine (CMM) Market

MarketsandMarkets Presents Coordinate Measuring Machine (CMM) Market by Type (Fixed CMM, Portable CMM), Industry (Automotive, Aerospace, Heavy Machinery, Energy & Power, Electronics, Medical), and Region (North America, APAC, Europe, and RoW) - Global Forecast to 2026

The coordinate measuring machine (CMM) market size is projected to reach USD 4.3 billion by 2026 from an estimated USD 2.8 billion in 2021, at a CAGR of 8.8% from 2021 to 2026.

MarketsandMarkets Presents “Type-wise, fixed CMM segment captured the larger market size of the overall CMM market in 2020“ The rising need for validating the dimensional and geometric accuracy in the manufacturing, automotive, and aerospace industries is the factor responsible for the largest share of the fixed CMM segment.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=153666711 The bridge CMM is the most common type in the CMM market. As the manufacturing processes are getting complex, along with constant changes in quality and accuracy standards of the manufacturing processes in industries such as automotive, aerospace, and manufacturing, accuracy and precision have become the topmost requirements. The demand for bridge CMMs is increasing. Better rigidity and higher accuracy are the major factors responsible for the high adoption of bridge CMMs in industrial metrology. Bridge CMMs require less setup time and are most accurate and flexible.

MarketsandMarkets Presents Industry-wise, heavy machinery segment to grow at the highest rate from 2021 to 2026” As CMMs can provide an onsite dimensional measurement to manufacturers of heavy equipment including earthmoving, excavation, and agricultural machinery, the adoption of CMMs is expected to grow significantly during the forecast period. The market in APAC is expected to grow at the highest CAGR during the forecast period. China is the largest market for heavy machinery, which poses increased demand for CMM solutions and is driving the growth of the market in APAC. China’s economic restructuring includes focusing on the development of advanced manufacturing and high-tech industries. Given this focus, subsectors that offer the most promising business opportunities are CNC machine tools, robotics, 3D printing equipment, and energy-efficient and environment protection equipment.

MarketsandMarkets Presents “APAC to record highest CAGR from 2021 to 2026” Asia Pacific is the most rapidly growing market and offers a huge opportunity for the automotive industry, whose growth is driven by the growing population. The heavy machinery industry is booming rapidly, which, in turn, has driven the market for CMMs in India and China.

The rising awareness related to automation, increasing emphasis of leading economies such as China and Japan on heavy machinery industries are some primary factors contributing to the largest market share of APAC. The rapid growth of the automotive, heavy machinery, and aerospace industries in emerging economies, such as China and India, has contributed to the growth of the CMM market in APAC.

MarketsandMarkets Presents Major players involved in the CMM market include Zeiss Group (Germany), FARO Technologies (US), Hexagon (Sweden), Nikon Corporation (Japan), Mitutoyo (Japan), Tokyo Seimitsu (Japan), Keyence Corporation (Japan), Creaform (Canada), Perceptron (US), and Wenzel Group (Germany).

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