LAMEA 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
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Market Report Description
The Latin America, Middle East and Africa Coordinate Measuring Machine (CMM) Market would witness market growth of 12.2% CAGR during the forecast period (2022-2028).
CMMs can now be found in a number of different configurations. These include CMM arms that can be fitted with probes enabling laser scanning as well as optical imaging and that determine the position of the stylus tip using angular measurements acquired at the arm joints. The portability of such arm CMMs over traditional fixed bed CMMs is a common application for them.
Programming software enables the movement of the measuring arm itself and its measurement volume around the component to be measured throughout a measurement routine by saving measured locations. Because CMM arms mimic the flexibility of a human arm, they can frequently reach the interiors of complex parts that a regular three-axis machine could not investigate.
Coordinate measurement machines (CMMs) are used to evaluate assemblies or parts against designs that are fixed during the process of production and assembly. Regression analysis is used to correctly record and analyze the three-dimensional measurement made up of the x, y, and z axes points for various equipment construction or design kinds. In order to improve industries on a daily basis, measurements must be extremely precise and accurate, which is quite expensive and time-consuming. The design, from a small piece of equipment to a large one, requires accuracy. These tools on the CMM market can be used to carry out a variety of tasks, including measuring items for testing, design, evaluation, reverse engineering, as well as other tasks.
The electronics industry in South Africa is very diversified and includes everything from consumer electronics to electrical machinery, home appliances, and telecommunications equipment. The nation manufactures electrotechnical equipment annually at a cost of more than R90 billion, according to Statistics South Africa. Both the industrial and consumer electronics sectors in South Africa have top-notch skills. A total of 4% of South Africa's manufacturing output is accounted for by the production of electronics.
The Brazil market dominated the LAMEA Coordinate Measuring Machine (CMM) Market by Country 2021; thereby, achieving a market value of $78.7 million by 2028. The Argentina market is anticipated to grow at a CAGR of 12.8% during (2022 - 2028). Additionally, The UAE market would experience a CAGR of 11.9% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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:
- Articulated Arm
- Heavy Machinery
- Energy & Power
- Saudi Arabia
- South Africa
- Rest of LAMEA
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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