Persistence Market Research
Global Coordinate Measuring Machines (CMM) Market: Snapshot
Coordinate measuring machines are mechanical systems that are designed to determine the coordinates of a point on work piece surface. The systems use a moving measuring probe to determine the coordinates of the point. These machines provide precise measurements of an object which can be used in designing, testing profiling, assessment, and reverse engineering of various parts of multiple machines. Owing to their benefits, the global coordinate measuring machines market is expected to witness a robust growth in near future.
The devices in the coordinate measuring machines market are gradually being used for inspection of various components and parts in various end-users industries such as aerospace, shipbuilding, and automotive where each measurement has to be taken in consideration. Owing to these business benefits various players are supporting the growth of global coordinate measuring machines market in the forecast of 2017 to 2025.
Despite multiple applications in various industries, the global coordinate measuring machines market is facing challenges like availability of a wide range of measuring machines in the market. This restricts the customer to make a decision, which is resulting in restraining the growth of global coordinate measuring machines market in the forecast period.
However, with various innovations and technologies such as IoT and machine learning, each machine has its distinguished features. This can allow the customer to make a choice to select the machine it wants to buy. These innovations can help the global coordinate measuring machines market to retain a sustainable growth in the forecast period of 2017 to 2025.
Global Coordinate Measuring Machines (CMM) Market: Introduction
The coordinate measuring machines are devices used for measuring the physical geometrical characteristics of an object. Coordinate measuring machine has four major components: computer control system, software, the machine and, probe contact or non-contact. Coordinate measuring machines have set the standard for reliability and accuracy of inspection of products across the manufacturing industries. Technology advancements for improved flexibility, ease of use and simplicity of the coordinate measuring machines, which are able to satisfy the inspection requirements are expected to witness a rapid market expansion. The coordinate measuring machines find inspection and measurement applications in end-users like automotive, aerospace, electronics, energy & power and, others. The main applications carried out with the coordinate measuring machines are scribing, gauging, scanning and light drilling. The coordinate measuring machines have two types of sensors namely, tactile sensors and optical sensors, which are used to pick up the primary signal from the work piece.
Global Coordinate Measuring Machines (CMM) Market: Dynamics
The Coordinate measuring machines are being gradually used for inspection of components and parts in end-users like automotive, aerospace, shipbuilding and, other industries. The 3D inspection of products and the need to adopt six sigma and quality standards in product development process across the manufacturing industries is a driving factor for the market. In addition to this, the rise in electric vehicle sales and increasing use of metrology in power sector is significantly driving the global coordinate measuring machines market.
The challenges faced by market is the availability of a wide variety of coordinate measuring machines across the market, which makes it difficult for end-users to make a choice. The restraints for the global coordinate measuring machines market is the substitutes of coordinate measuring machine and the increased demand for ODS (Operational data store). Lack of skilled labour also affects the market. The shell life of CMM is increasing and may affect the sales of new machines.
The defence and aerospace industry have become ever more price sensitive, this segment is extremely competitive with high degree of acquisitions and mergers.The demand of high accuracy range of coordinate measuring machines from the defence and aerospace segment, in order to stay ahead in competition, is creating opportunities for the global coordinate measuring machines market throughout the forecast.
The trends followed in the coordinate measuring machines market is the incorporation of image recognition and new vision technology. The use of metrology in new-generation nuclear power plants and the increase in use of commercial aircrafts. The need for sensor technology that can deal with parts when they become smaller and smaller are all trends in the coordinate measuring machines market.
Global Coordinate Measuring Machines (CMM) Market: Segmentation
Segmentation of the global coordinate measuring machines market by product type:
Segmentation of the global coordinate measuring machines market by end-user:
Global Coordinate Measuring Machines Market: Region-wise Outlook
The aerospace machining industry is cutting edge and very competitive in North America. As the tolerance requirements become stringent, the demand for high performance machine tools is increasing and thereby growing the demand for high accuracy range of coordinate measuring machine. The increase in defence & aerospace and automotive setups in Asia is an important driver for coordinate measuring machines market in Asia, mainly focusing China. There has been adverse effect in Europe and American markets owing to the price pressures.
Global Coordinate Measuring Machines Market: Market Participants
Examples of some of the market participants in the global coordinate measuring machines market are Chien Wei Precise Technology Co., Ltd, Renishaw Plc, CMM Solutions (UK) Ltd, Wenzel America, LTD, CREAFORM, Helmel Engineering Products, Inc., Werth Messtechnik Gmbh, Xi'an High-Tech Aeh Industrial Metrology Co.Ltd, Nikon Metrology Inc., Carl Zeiss Industrial Metrology, Hexagon AB, Mitutoyo America Corporation, Accurate Engineering Company Pvt Ltd, Dukin Co Ltd, International Metrology Systems, ITP Group And, others.
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