Comprehensive 2025 Coordinate Measuring Machine Market Overview: Trends, Forecasts, and Growth Drivers

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What Is the Expected CAGR for the Coordinate Measuring Machine Market Through 2025?
The market size of the coordinate measuring machine has significantly expanded in the past few years. There is an expected increase from $3.73 billion in 2024 to $4.08 billion in 2025, with a compound annual growth rate (CAGR) of 9.4%. The surge in growth in the previous period can be connected to expansion in the automotive domain, increased automation, heightened focus on sustainable manufacturing, reduced product development periods, and industrialization.

What's the Projected Size of the Global Coordinate Measuring Machine Market by 2029?
We can expect significant expansion in the coordinate measuring machine market in the upcoming years. Its value is projected to escalate to $5.97 billion by 2029, experiencing a compound annual growth rate (CAGR) of 10.0%. Factors such as the booming aerospace sector, expanding medical industry, adoption of industry 4.0 and intelligent manufacturing, coupled with increasing demand for high-quality products are contributing to the growth during the forecast period. Key trends to watch in this period include non-contact metrology, 3D scanning and digitization, shop-floor cmms, multi-sensor cmms, and portable cmms.

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Top Growth Drivers in the Coordinate Measuring Machine Industry: What's Accelerating the Market?
The advancement of the automotive industry is predicted to drive the coordinate measuring machine market's expansion during its projected timeline. The term "automotive industry" encompasses all endeavors and businesses linked with the manufacture of motor vehicles and the vast majority of their components, like engines and bodywork. CMMs are employed in the automotive industry to measure suspension hard points that are used for vehicle dynamics simulations. For example, as per the Department of Infrastructure, Transport, Regional Development, Communications, and the Arts of Australia in February 2024, as of January 31, 2022, there were 20.7 million registered motor vehicles, which indicates a 2% increase from January 2021. Roughly 40,000 battery electric vehicles (BEVs) were recorded, showing a considerable increase of 100% from the previous year, and out of these, 34,200 were passenger cars in 2022, a rise of 118% from 2021. Additionally, the number of hybrid-electric vehicles (HEVs) was roughly 277,000 in 2022, a 35% rise from 2021. Hence, the growing automotive sector will fuel the development of the coordinate measuring machine market.

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What Trends Will Shape the Coordinate Measuring Machine Market Through 2029 and Beyond?
A growing trend catching on in the coordinate measuring machine market is the advent of 3D measurement systems. The methodology of 3D measurement, a metrology practice, involves acquiring 3D data from real-world objects, including their shapes, patterns, geometry, and colors, through various 3D measurement tools such as 3D scanners. As an example, SCANTECH, a French high-tech establishment specializing in the creation, production, and distribution of high-tech 3D scanners, introduced the TrackScan-P, a 3D measurement system that operates without optical targets, in October 2022. Improvements in the TrackScan-P include increased laser lines for improved scanning efficiency, upgraded high-definition cameras, and sophisticated edge inspection. With the help of high-definition cameras and intelligent optical tracking measurements, TrackScan-P can accurately gauge parts without referring to reference targets. The optical 3D measurement setup, consisting of a portable 3D scanner and an optical tracker, makes it suitable for capturing large objects in 3D.

What Are the Main 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

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Which Top Companies are Driving Growth in the Coordinate Measuring Machine Market?
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.

Which Regions Will Dominate the Coordinate Measuring Machine Market Through 2029?
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.

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