London, 03 December 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global CMM Market 2015-2019, which is expected to grow at a CAGR of 6.74 percent during the period 2014-2019.
CMMs are used for measuring the physical geometry of an object. They are used across various sectors such as Engineering, Automotive, Aerospace, Defense, Shipbuilding, Die Mold, Part Manufacturers, Press Shops, Electrical and Electronics, Healthcare, and Consumer Utilities. Companies across these sectors rely on CMMs for effective measurement. The need for quality, tighter dimensional tolerance, and minimal production time has led to wide adoption of CMMs for reliable quality inspection of products. Use of CMMs enables a manufacturer to produce products with increased dimensional accuracy and reduced product inspection time compared with the use of several measurement instruments and gages.
“The deployment of shop-floor CMMs enables a manufacturer to produce quality products, reduce inspection time, and reduce costs,” says Faisal Ghaus, Vice President of TechNavio.
“Vendors have started providing shop-floor CMMs such as Mitutoyo’s Mach V and Ko-ga-me and Carl Zeiss’s CenterMax, GageMax, DuraMax, O-inspect, and VoluMax.”
Key Market Drivers
- Increased Demand from Automotive Industry
- Increase in Inspection of Products Using CMMs
- Increased Demand for Mobile and Portable CMMs
Key Market Trends
- Availability of Shop-floor CMMs
- Integration of CMMs with Scanning Sensors
- Opening Up of CMM Controller Architecture
Key Market Vendors
- Carl Zeiss AG
- Faro Technologies Inc.
- Hexagon Metrology AB
- Mitutoyo Corp.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
