DUBLIN--(BUSINESS WIRE)--The "Coordinate Measuring Machine Market by Offering Product Type Application and End User: Global Opportunity Analysis and Industry Forecast, 2019-2026" report has been added to ResearchAndMarkets.com's offering.
This report projects that the global coordinate measuring machines market size is estimated to reach $5.34 billion by 2026. In 2018, Asia-Pacific dominated the market, contributing around 50% share of the overall revenue, followed by North America. A coordinate measuring machinery is used for measuring the geometrical characteristics of a physical object. These can be manually controlled or can be controlled by computer programming and instructions.
Key Findings of the Coordinate Measuring Machine Market:
- The inspection segment accounted for the highest coordinate measuring machine market share in 2018 with $417.1 million, growing at a CAGR of 14.70% from 2019 to 2026.
- The inspection generated the highest revenue, accounting for $2,318.40 million in 2018.
Asia-Pacific is expected to dominate the Coordinate Measuring Machine Market, garnering 50% of the share in the coordinate measuring machine industry during the forecast period.
Coordinate measuring machines are used to test components or assembly against the design fixed in manufacturing and assembly process. The three-dimensional measurement consisting of x, y, and z axes points are precisely recorded and analyzed via regression algorithm for the different type of construction or design of an equipment. The day-to-day advancement of industries requires highly precise and accurate measurement, which incurs huge cost and time. The design ranging from a small equipment to large, needs accuracy. The various activities such as measurement of objects for testing, design, assessment, or reverse engineering, and others can be easily performed using these devices.
The factors such as rise in adoption of CAD/CAM and international quality standards, shortage of skilled precision machine operators, lack of applicability of existing measuring equipment, and increase in demand for capturing large volumes of 3-D data for modelling & analysis drive the global CMM market. However, lack of universal system that can be applied across different sectors and high risk of changes in regional market growth trend & potential hamper the market growth. Further, growth in outsourcing trend for dimensional inspection in medical sector and market development in emerging economies provide lucrative opportunities for the global CMM market in future.
Key Market Players
- ABB Ltd.
- AMETEK Inc.
- Emerson Electric Co.
- Endress+Hauser Management AG
- Honeywell International Inc.
- Siemens AG
- Taiwan Semiconductor Manufacturing Company Limited
- TE Connectivity
- Texas Instruments
- Vega Grieshaber Kg
Key Topics Covered:
2. Executive Summary
3. Market Overview
3.1. Market Definition And Scope
3.2. Key Forces Shaping Global Coordinate Measuring Machine Industry/Market
3.2.1. Moderate Bargaining Power Of Suppliers
3.2.2. Low Threat Of New Entrants
3.2.3. Moderate Threat Of Substitutes
3.2.4. Moderate Intensity Of Rivalry
3.2.5. Low Bargaining Power Of Buyers
3.4. Patent Analysis
3.4.1. By Region (2012-2017)
3.4.2. By Applicant
3.5. Market Dynamics
22.214.171.124. Rising Adoption Of Cad/Cam And International Quality Standards
126.96.36.199. Shortage Of Skilled Precision Machine Operators
188.8.131.52. Lack Of Applicability Of Existing Measuring Equipment
184.108.40.206. Demand To Capture Large Volumes Of 3-D Data For Modelling & Analysis
220.127.116.11. Lack Of A Universal System That Can Be Applied Across Different Sectors
18.104.22.168. High Risk Of Changes In Regional Market Growth Trend & Potential
22.214.171.124. Growing Outsourcing Trend For Dimensional Inspection In Medical Sector
126.96.36.199. Market Development In Emerging Economies
4. Coordinate Measuring Machines Market, By Offering
5. Coordinate Measuring Machines Market, By Product Type
5.2.1. Key Market Trends, Growth Factors And Opportunities
5.2.2. Market Size And Forecast, By Region
5.2.3. Market Analysis By Country
188.8.131.52. Horizontal Arm
184.108.40.206. Gantry Cmm
220.127.116.11. Articulated Arms
6. Coordinate Measuring Machines Market, By Application
6.3. Reverse Engineering
7. Coordinate Measuring Machines Market, By End User
7.3. Aerospace & Defense
7.4. Energy & Power
8. Coordinate Measuring Machines Market, By Region
8.2. North America
9. Competitive Landscape
9.1. Top Winning Strategies
9.1.1. Top Winning Strategies, By Year
9.1.2. Top Winning Strategies, By Development
9.1.3. Top Winning Strategies, By Company
9.2. Product Mapping Of Top 10 Player
9.3. Competitive Dashboard
9.4. Competitive Heatmap
9.5. Key Developments
9.5.1. New Product Launches
9.5.2. Other Developments
10. Company Profiles: Auto Makers
For more information about this report visit https://www.researchandmarkets.com/r/yclfg0