Coordinate Measuring Machine Market Size Forecasted To Achieve $5.97 Billion By 2029 With Steady Growth

The Coordinate Measuring Machine Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Coordinate Measuring Machine Market Size and Projected Growth Rate?
Over the past few years, the market size for coordinate measuring machines has been showing a notable increase. The market value, which is projected to be $3.73 billion in 2024, is expected to rise to $4.08 billion in 2025, with a compound annual growth rate (CAGR) of 9.4%. This growth during the historic period can be linked to the expanding automotive industry, increase in automation, a growing emphasis on sustainable manufacturing, reduction in product development cycles, and industrialization.

In the coming years, the market size for coordinate measuring machines is projected to experience significant growth. The estimated growth is to reach $5.97 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 10.0%. Factors contributing to this expected growth in the prediction period include the expanding aerospace sector, the development of the medical industry, the adoption of Industry 4.0 and smart manufacturing, and an increased consumer demand for high-quality products. During the prediction period, notable market trends will potentially include non-contact metrology, 3D scanning and digitization, shop-floor CMMs, multi-sensor CMMs, and portable CMMs.

Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7632

What Are the Major Segments in the Coordinate Measuring Machine Market?
The coordinate measuring machine market covered in this report is segmented -

1) By Type: Fixed CMM, Portable CMM
2) By Application: Inspection, Reverse Engineering
3) By Industry: Automotive, Aerospace, Heavy Machinery, Energy and Power, Electronics, Medical, Other Industries

Subsegments:
1) By Fixed CMM: Bridge CMM, Gantry CMM, Horizontal Arm CMM, Optical CMM
2) By Portable CMM: Articulated Arm CMM, Laser Tracker CMM, Handheld CMM, 3D Laser Scanners

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7632&type=smp

What Are The Driving Coordinate Measuring Machine Market Evolution?
The surge in the automotive industry is poised to fuel the enlargement of the coordinate measuring machine market in the forecasting stage. The term automotive industry represents all the activities and enterprises related to the manufacturing of motor vehicles, which involve most of their components such as the body and engines. The automotive industry utilizes Coordinate Measuring Machines (CMMs) to calculate suspension hard points for application in vehicle dynamics simulations. For example, the Department of Infrastructure, Transport, Regional Development, Communications, and the Arts, a government department based in Australia responsible for carrying out policies and programs of the Australian government, reported in February 2024 that the number of registered motor vehicles as of January 31, 2022, hit 20.7 million, registering a 2% increment from January 2021. Approximately 40,000 of these vehicles were Battery Electric Vehicles (BEVs), indicating a 100% surge from 2021, and out of these, 34,200 were passenger cars in 2022, an increase of 118% from 2021. The Hybrid-Electric Vehicles (HEVs) stood around 277,000 in 2022, showing a 35% increment from 2021. Consequently, the growth in the automotive sector is projected to drive the development of the coordinate measuring machine market.

Which Firms Dominate The Coordinate Measuring Machine Market Segments?
Major companies operating in the coordinate measuring machine market include Carl Zeiss AG, Creaform Inc., Eley Metrology, FARO Technologies Inc., Hexagon AB, Keyence Corporation, Metronor AS, Mitutoyo Corporation, Nikon Metrology NV, Tokyo Seimitsu Co. Ltd., WENZEL Group GmbH & Co. KG, Aberlink Ltd., Accurate Gauging & Instruments Pvt Ltd, Dukin Co. Ltd., Applied Automation Technologies Inc., Dimensional Engineering, Sipcon Instrument Industries, Helmel Engineering Products Inc., International Metrology Systems, N. J. Metrology Inc., Optical Gaging Products Inc., Renishaw plc, TESA SA, Trimek S.A., Werth Inc., Zett Mess Technik GmbH, Automated Precision Inc.

What Trends Are Expected to Dominate the Coordinate Measuring Machine Market in the Next 5 Years?
The rise of 3D measurement systems is a significant trend gaining traction in the coordinate measuring machine market. 3D measurement, a process that gathers 3D data from physical objects like their shapes, textures, geometries, and colors, relies on various 3D assessment tools, including 3D scanners. An example is SCANTECH, a France-based high-tech company specializing in developing, manufacturing, and marketing high-tech 3D scanners. They launched TrackScan-P, a 3D measurement system that does not need optical targets, in October 2022. The TrackScan-P, with an increased number of laser lines for boosted scanning efficiency, improved high-resolution cameras, and advanced edge inspection. By utilizing intelligent optical tracking measurement and high-resolution cameras, TrackScan-P is able to precisely measure components without needing reference targets. This optical 3D measurement system, featuring a portable 3D scanner and an optical tracker, is particularly efficient for scanning large objects in 3D.

Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/coordinate-measuring-machine-global-market-report

Which Is The Largest Region In The Coordinate Measuring Machine Market?
Asia-Pacific was the largest region in the coordinate measuring machine market in 2024. The regions covered in the coordinate measuring machine market market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Coordinate Measuring Machine Market?
2. What is the CAGR expected in the Coordinate Measuring Machine Market?
3. What Are the Key Innovations Transforming the Coordinate Measuring Machine Industry?
4. Which Region Is Leading the Coordinate Measuring Machine Market?

Why This Report Matters:

Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.

Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.

Efficient Research: Quickly identify market growth, leading players, and major segments.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.