Coordinate measuring machines (CMM) are devices used to measure geometrical and physical characteristics of an entity. These machines have four major components: computer control system, probe contact or non-contact, software and the machine. Multipurpose Coordinate measuring machines have set the standard for accuracy and reliability of inspection of products across various industries. CMMs have the ability to handle measurement of non-round parts. CMMs are also highly employed in weather monitoring solutions. Furthermore, advanced multi-sensor ready technology improves CMM throughput and offers the opportunity to lengthen the application scope to new materials and components due to the varying customer requirements. Gauging, scribing, light drilling, and scanning are the major applications of coordinate measuring machines. CMMs have two types of sensors – optical sensors and tactile sensors – that are used to pick up the primary signal from the object.
Technological advancements for ease of use, improved flexibility, and simplicity of coordinate measuring machines are anticipated to boost the market. Multipurpose coordinate measuring machines are expected gain significant traction in the near future due to the rise in interest in Industrial Internet of Things (Iiot) and superior quality inspections. Furthermore, increase in focus of enterprises on the implementation of solutions that offer highly accurate inspection services is estimated to boost the market. Adoption of CMM systems is increasing due to its features of offering three dimensional (3D) modelling and data analysis. Moreover, adoption of CMMs for performing reverse engineering on space exploration equipment is expected to drive the market during the forecast period.
Lack of skilled labor is expected to hamper the global multipurpose coordinate measuring machines market in the next few years. Availability of a wide variety of coordinate measuring machines is a key challenge faced by the market. This makes it difficult for end-users to make a choice. Furthermore, availability of alternatives of coordinate measuring machine and rise in demand for Operational Data Store (ODS) are estimated to restrain the market. Nevertheless, increase in demand for non-contact probing technology and coordinate measuring machine services is projected to create lucrative opportunities in the market during the forecast period.
The global multipurpose coordinate measuring machines market can be segmented based on type, end-user industry, and region. Based on type, the market can be divided into articulated-arm machine, gantry-type machine, bridge-type machine, and horizontal-arm machine. Based on end-user industry, the multipurpose coordinate measuring machines market can be classified into electronics, healthcare, energy & utilities, IT & telecom, government, construction, travel & hospitality, automotive, aerospace, military and defense, and others. In terms of region, the global multipurpose coordinate measuring machines market can be segregated into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is anticipated to dominate the global multipurpose coordinate measuring machines market, as the region is considerably receptive toward the implementation of the latest technologies.
Coordinate measuring machine (CMM) is a device that measures the geometry of an object by detecting distinct points on the surface of the entity with a probe. Various types of probes are used in CMMs, including optical, laser, mechanical, and white light. Large numbers of players are venturing into the multipurpose coordinate measuring machines (CMM) market. Key players operating in the market include Faro Technologies, Hexagon AB, Nikon, Zeiss, Mitutoyo Corporation, Keyence Corporation, GOM, Creaform, Inc., Perceptron, Inc. and Tokyo Seimitsu Co., Ltd. Key players adopt various growth strategies such as R&D, partnerships, mergers & acquisitions, and product innovation to remain competitive in the market. For instance, in February 2018, Hexagon Manufacturing Intelligence announced the latest development of its GLOBAL S coordinate measuring machine (CMM) series, which is customizable for explicit inspection work and changing manufacturing objectives.
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