Coordinate Measuring Machine Market Emerging Business Trends and Investment Research Report 2021-2026

The Coordinate Measuring Machine Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Coordinate Measuring Machine market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Coordinate Measuring Machine market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Coordinate Measuring Machine market.

The Optical Coordinate Measuring Machine Market was valued at USD 572.22 million in 2020 and expected to reach USD 638.24 million by 2026 and grow at a CAGR of 1.85% over the forecast period (2021-2026).

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Top Leading Companies of Coordinate Measuring Machine Market are - Hexagon AB, Carl Zeiss AG, Mitutoyo America Corporation, Nikon Metrology NV, Micro Vu Corporation, Werth Messtechnik GmbH, OGP (Quality Vision International, Inc.) and others.

Industry News and Updates:

- August 2020 - Hexagon released DELTA OPERA, as a large volume CMM to simplify the loading of large parts across industrial environments. By featuring a unique open structure, it leads its users to load workpieces from three sides of the CMM, making part loading quicker and flexible whilst protecting workpieces by avoiding collisions with the CMM structure.

- July 2020 - Wenzel and Nikon Metrology entered a distribution partnership. This distribution partnership provides customers with the ultimate combination of innovative CMMs, with Nikon Metrology’s laser scanning technology. WENZEL’s expertise and innovation in the CMM market, and Nikon Metrology’s peerless laser scanning technology will support the European customer base with tailored CMM laser scanning solutions to meet a wide variety of applications, industries and requirements.

- October 2019 - Mitutoyo America Corporation announced the release of the MiSCAN Vision System. MiSCAN is a multiple sensor microscopic-form measurement system using combined coordinate measuring machine (CMM) and vision measurement system technology and features a micro-form scanning probe.

Key Market Trends:

Automotive Segment is Expected to Witness Significant Growth

- The automotive industry is facing ever-reducing design-to-production times, automotive manufacturers and suppliers have embraced industrial metrology and 3D measurement as enablers of productivity, and thus, there is an increased demand for optical CMM within the industry.
- For instance, OGP UK’s FlexPoint range represents a new generation of large-format multi-sensor coordinate measuring systems support various tactile and non-contact sensors, point and line scan lasers, white light sensors, and a unique video sensor, all powered by advanced ZONE3 3D CAD-based metrology software.

Asia Pacific is Expected to Witness Significant Growth

- The Asia-pacific region is expected to witness robust growth during the forecast period, mainly due to the increasing demand of the optical coordinate measuring machines among the emerging economies across the region. China, India, and Japan are expected to witness high demand primarily related to end-user industries such as electronics and heavy machinery.
- In India, the manufacturing industry is among the high-growth sectors. Though India is far behind the rest of the world, in terms of automation, it is observed to be developing its automation quotient. The robot installation increased by 30%, from 2,627 units in 2017 to 3,412 units in 2018. Besides, IFR estimates that by 2020, the country is estimated to have a total of 6,000 industrial robots. The automotive sector is anticipated to remain the main driver of the increasing robot installations in India. It is likely to be among the primary sources of demand in the market.

Investigator Observers Strong Growth in Specific Regions:

– Europe Market (Germany, UK, France, Russia, Italy)

– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

– South America Market (Brazil, Argentina, Colombia)

– North America Market (United States, Canada, Mexico)

– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- Coordinate Measuring Machine Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Coordinate Measuring Machine Market (%),2016 - 2026
- Coordinate Measuring Machine Market Share, By Brand
- Coordinate Measuring Machine Market Share, By Company
- Coordinate Measuring Machine Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Coordinate Measuring Machine Market Value Analysis & Forecast
- Promising Coordinate Measuring Machine Development by Major Companies
- Detailed Coordinate Measuring Machine Portfolio of the Major Companies
- Major Deals in the Coordinate Measuring Machine Market
- Major Companies Analysis

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