The Coordinate Measuring Machine (CMM) market has been growing steadily in recent years, and it is projected to continue growing at a significant rate over the coming years. The CMM is a precision measurement instrument used in manufacturing and other industries to measure the dimensions and geometries of objects with high accuracy and precision. The device is used extensively in industries such as aerospace, automotive, and healthcare, among others.
The CMM market size is expected to grow from USD 2.8 billion in 2021 to USD 4.3 billion by 2026; it is expected to grow at a CAGR of 8.8% from 2021 to 2026.
The growth is driven by the increasing demand for high-precision measurement instruments and the increasing adoption of automation in manufacturing. In addition, the CMM's ability to measure complex geometries and shapes accurately is also driving demand in the market.
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Based on the CMM technology, the market is divided into various types. Bridge-type, gantry-type, and horizontal arm CMMs are the most prevalent types. The bridge-type CMMs are the most popular and are anticipated to maintain a sizable market share. Because they can accurately measure large parts, gantry-type CMMs are predicted to grow at the fastest rate.
The CMM market is also segmented based on the end-user industry, which includes aerospace, automotive, healthcare, and others. The automotive industry is expected to hold the largest market share owing to the high demand for precision measurement instruments in the production of cars. The aerospace industry is also expected to grow at a significant rate, owing to the increasing demand for lightweight and high-performance aircraft components.
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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