Asia Pacific Coordinate Measuring Machine (CMM) Market

Asia Pacific Coordinate Measuring Machine (CMM) Market Size, Share & Industry Trends Analysis Report By Type (Fixed (Bridge, Cantilever, and Gantry) and Portable (Articulated Arm and Handheld)), By Industry, By Country and Growth Forecast, 2022 - 2028

Report Id: KBV-11247 Publication Date: September-2022 Number of Pages: 115
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Market Report Description

The Asia Pacific Coordinate Measuring Machine (CMM) Market would witness market growth of 9.4% CAGR during the forecast period (2022-2028).

In a three-dimensional Cartesian coordinate system, the three orthogonal axes of X, Y, and Z are the only ones that may be moved by the probe when using a conventional 3D bridge CMM. Each axis contains a sensor that, often with micrometer accuracy, tracks the position of a probe on that axis. Scribing, gauging, scanning, and light drilling are the primary uses for coordinate measuring devices. The principal signal from the workpiece is picked up by tactile sensors along with optical sensors, which are both used in coordinate measurement devices.

The machine samples the three position sensors when the probe contacts (or otherwise detects) a specific area on the object. This allows it to determine the location of an individual point on the object's surface as well as the measurement's three-dimensional vector. In order to create a point cloud that characterizes the surface areas of interest, this process is repeated as necessary, repositioning the probe each time.

The employment of coordinate measuring machines for component and part inspection in end users including the automotive, aerospace, shipbuilding, and other sectors is constantly increasing. A driving force in the market is the demand for 3D product inspection and the adoption of six sigma and quality standards in the development of products across the manufacturing industries. Additionally, the market for coordinate measuring devices is being strongly influenced by the rise in sales of electric vehicles and the expansion of metrology in the power sector.

Because China is the world's largest market for heavy equipment, there is a growing need for CMM solutions, which is boosting the market's expansion in APAC. The focus of China's economic reform includes the growth of high-tech and sophisticated manufacturing businesses. Given this emphasis, the subsectors of CNC machine tools, 3D printing equipment, robotics, and energy-efficient and environmental protection equipment present the most prospective commercial potential.

The China market dominated the Asia Pacific Coordinate Measuring Machine (CMM) Market by Country 2021; thereby, achieving a market value of $486.8 million by 2028. The Japan market is estimated to grow at a CAGR of 8.8% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 10.1% during (2022 - 2028).

Based on Type, the market is segmented into Fixed (Bridge, Cantilever, and Gantry) and Portable (Articulated Arm and Handheld). Based on Industry, the market is segmented into Automotive, Electronics, Medical, Aerospace, Heavy Machinery, Energy & Power, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

Free Valuable Insights: The Worldwide Coordinate Measuring Machine (CMM) Market is Projected to reach USD 4.6 Billion by 2028, at a CAGR of 9%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Keyence Corporation, Carl Zeiss AG, Nikon Corporation, FARO Technologies, Inc., Hexagon AB, Tokyo Seimitsu Co., LTD. (ACCRETECH), Creaform, Inc. (AMETEK, Inc.), Perceptron, Inc. (Atlas Copco AB), Mitutoyo Corporation, WENZEL Group GmbH & Co. KG.

Scope of the Study

Market Segments Covered in the Report:

By Type

  • Fixed
    • Bridge
    • Cantilever
    • Gantry
  • Portable
    • Articulated Arm
    • Handheld

By Industry

  • Automotive
  • Electronics
  • Medical
  • Aerospace
  • Heavy Machinery
  • Energy & Power
  • Others

By Country

  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific

Key Market Players

List of Companies Profiled in the Report:

  • Keyence Corporation
  • Carl Zeiss AG
  • Nikon Corporation
  • FARO Technologies, Inc.
  • Hexagon AB
  • Tokyo Seimitsu Co., LTD. (ACCRETECH)
  • Creaform, Inc. (AMETEK, Inc.)
  • Perceptron, Inc. (Atlas Copco AB)
  • Mitutoyo Corporation
  • WENZEL Group GmbH & Co. KG
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