The Coordinate Measuring Machine (CMM) Market size is expected to grow from USD 2.8 billion in 2021 to USD 4.3 billion by 2026; it is expected to grow at a CAGR of 8.8% from 2021 to 2026. The key factors driving the growth of the market growing use of 3D data in modeling and analytical applications, increasing R&D spending on developing metrology products, and thriving automotive sector.

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"Type-wise, fixed CMM segment captured the larger market size of the overall CMM market in 2020"

The rising need for validating the dimensional and geometric accuracy in the manufacturing, automotive, and aerospace industries is the factor responsible for the largest share of the fixed CMM segment. The bridge CMM is the most common type in the CMM market.

"APAC to record highest CAGR from 2021 to 2026"

Asia Pacific is the most rapidly growing market and offers a huge opportunity for the automotive industry, whose growth is driven by the growing population. The heavy machinery industry is booming rapidly, which, in turn, has driven the market for CMMs in India and China. The rising awareness related to automation, increasing emphasis of leading economies such as China and Japan on heavy machinery industries are some primary factors contributing to the largest market share of APAC.

Major players involved in the CMM market include Zeiss Group (Germany), FARO Technologies (US), Hexagon (Sweden), Nikon Corporation (Japan), Mitutoyo (Japan), Tokyo Seimitsu (Japan), Keyence Corporation (Japan), Creaform (Canada), Perceptron (US), and Wenzel Group (Germany).



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The Coordinate Measuring Machine (CMM) Market size is expected to grow from USD 2.8 billion in 2021 to USD 4.3 billion by 2026; it is expected to grow at a CAGR of 8.8% from 2021 to 2026. The key factors driving the growth of the market growing use of 3D data in modeling and analytical applications, increasing R&D spending on developing metrology products, and thriving automotive sector. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=153666711 "Type-wise, fixed CMM segment captured the larger market size of the overall CMM market in 2020" The rising need for validating the dimensional and geometric accuracy in the manufacturing, automotive, and aerospace industries is the factor responsible for the largest share of the fixed CMM segment. The bridge CMM is the most common type in the CMM market. "APAC to record highest CAGR from 2021 to 2026" Asia Pacific is the most rapidly growing market and offers a huge opportunity for the automotive industry, whose growth is driven by the growing population. The heavy machinery industry is booming rapidly, which, in turn, has driven the market for CMMs in India and China. The rising awareness related to automation, increasing emphasis of leading economies such as China and Japan on heavy machinery industries are some primary factors contributing to the largest market share of APAC. Major players involved in the CMM market include Zeiss Group (Germany), FARO Technologies (US), Hexagon (Sweden), Nikon Corporation (Japan), Mitutoyo (Japan), Tokyo Seimitsu (Japan), Keyence Corporation (Japan), Creaform (Canada), Perceptron (US), and Wenzel Group (Germany). https://www.prnewswire.com/news-releases/coordinate-measuring-machine-cmm-market-worth-4-3-billion-by-2026--exclusive-report-by-marketsandmarkets-301348073.html
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Coordinate Measuring Machine (CMM) Market worth $4.3 billion by 2026 - Exclusive Report by MarketsandMarkets™
/PRNewswire/ -- According to the new market research report on the "Coordinate Measuring Machine (CMM) Market by Type (Fixed CMM, Portable CMM), Industry...
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