The multisensor coordinate measuring machine (CMM) market offers numerous benefits, including precise dimensional measurement, versatility in inspecting various materials, reduced inspection time, and enhanced quality control. The dominating segment is within the automotive industry, where these machines are indispensable for ensuring component accuracy and reliability. Multisensor CMMs streamline production processes, reduce errors, and increase productivity. Additionally, they find applications in aerospace, electronics, and medical device manufacturing, offering comprehensive inspection solutions for intricate and high-precision components across diverse industries.
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Data Bridge Market Research analyses that the Asia-Pacific and South-East Asia Multisensor Coordinate Measuring Machine (CMM) Market was valued at USD 2,65,204.82 thousand in 2022 and is expected to reach a value of USD 498,195.16 thousand by 2030, at a CAGR of 8.2% during the forecast period of 2023-2030. Automation in manufacturing demands precise measurement tools such as multisensor coordinate measuring machines (CMMs) to ensure component accuracy and quality. CMMs contribute to efficiency and maintain the required precision in automated production lines.
Key Findings of the Study
Increasing quality standards is expected to drive the market's growth rate
The increasing focus on maintaining and improving product quality and consistency drives the demand for precise measurement tools such as multisensor coordinate measuring machines (CMMs). Industries prioritize quality control and assurance to meet stringent standards and customer expectations. Multisensor CMMs play a pivotal role in achieving these goals by providing accurate and comprehensive dimensional measurement data, helping manufacturers identify and rectify defects, reduce errors, and ultimately deliver high-quality products to the market.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Thousand, Volumes in Units, Pricing in USD
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Segments Covered
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Component (Hardware, Software, and Services), Type (Fixed and Portable), Load Capacity (More than 20 Kg and Less than 20Kg), Application (Quality Control and Inspection, Profiling and Assessment, Virtual Simulation, and Reverse Engineering), End User (Aerospace and Defense, Automotive, Medical, Heavy Machinery, Electronics, Energy and Power, and Others), Distribution Channel (Direct Channel and Indirect Channel)
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Countries Covered
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China, Japan, South Korea, India, Taiwan, Australia and New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Vietnam, Myanmar, Laos, and Rest of Asia-Pacific
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Market Players Covered
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ZEISS Group (Germany), Nikon Corporation (Japan), Hexagon AB (Sweden), Innovalia Metrology (Spain), Automated Precision Inc. (API) (U.S.), WENZEL Group (Germany), Quality Vision International (U.S.), Sinowon Innovation Metrology Manufacture Limited (China), Mitutoyo Corporation (Japan), Renishaw plc (U.K.), Perceptron, Inc. (U.S.), Werth Messtechnik GmbH (Germany), LK Metrology (U.K.), Baker Gauges India Pvt. Ltd. (India), Accurate (India), DUKIN CO., LTD (South Korea)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The Asia-Pacific and South-East Asia multisensor coordinate measuring machine (CMM) market is segmented on the basis of component, type, load capacity, application, end user, and distribution channel.
- On the basis of component, the Asia-Pacific and South-East Asia multisensor coordinate measuring machine (CMM) market is segmented into hardware, software and services.
- On the basis of type, the Asia-Pacific and South-East Asia multisensor coordinate measuring machine (CMM) market is segmented into fixed and portable.
- On the basis of load capacity, the Asia-Pacific and South-East Asia multisensor coordinate measuring machine (CMM) market is segmented into more than 20 kg and less than 20 kg.
- On the basis of application, the Asia-Pacific and South-East Asia multisensor coordinate measuring machine (CMM) market is segmented into quality control and inspection, profiling and assessment, virtual simulation, and reverse engineering.
- On the basis of end user, the Asia-Pacific and South-East Asia multisensor coordinate measuring machine (CMM) market is segmented into aerospace and defense, automotive, medical, heavy machinery, electronics, energy and power, and others.
- On the basis of distribution channel, the Asia-Pacific and South-East Asia multisensor coordinate measuring machine (CMM) market is segmented into direct channel and indirect channel.
Major Players
Data Bridge Market Research recognizes the following companies as the Asia-Pacific and South-East Asia multisensor coordinate measuring machine (CMM) market players in Asia-Pacific and South-East Asia multisensor coordinate measuring machine (CMM) market are ZEISS Group (Germany), Nikon Corporation (Japan), Hexagon AB (Sweden), Innovalia Metrology (Spain), Automated Precision Inc. (API) (U.S.), WENZEL Group (Germany), Quality Vision International (U.S.), Sinowon Innovation Metrology Manufacture Limited (China), Mitutoyo Corporation (Japan), Renishaw plc (U.K.).
Market Developments
- In May 2023, Innovalia Metrology introduced its M3 Hybrid solution, a cutting-edge system that optimizes the quality control process by seamlessly blending machinery, sensors, and software. This comprehensive measurement system offers both contact and non-contact measurement capabilities, utilizing probes and integrating smoothly with the M3 software. This versatility enables precise and detailed measurements on components of varying shapes and sizes, positioning it as an ideal solution for diverse industrial applications. Innovalia Metrology's launch has bolstered its presence and advancements in the Asia-Pacific and South-East Asia multisensor coordinate measuring machine (CMM) market.
- In September 2020, Baker Gauges India Pvt. Ltd. made a significant move by venturing into the coordinate measuring machines (CMMs) market segment in collaboration with Aberlink Ltd., U.K. This partnership enabled Baker Gauges India to offer a range of CMMs to the Indian market. It marked a strategic expansion of their product portfolio, addressing the growing demand for precise measurement and quality control solutions in India's manufacturing industry, thereby strengthening their presence in the CMM market.
Regional Analysis
Geographically, the countries covered in the Asia-Pacific and South-East Asia multisensor coordinate measuring machine (CMM) market report are China, Japan, South Korea, India, Taiwan, Australia and New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Vietnam, Myanmar, Laos, and Rest of Asia-Pacific.
As per Data Bridge Market Research analysis:
China is the dominant region in the Asia-Pacific and South-East Asia multisensor coordinate measuring machine (CMM) market during the forecast period 2023 - 2030
China's dominance in the Asia-Pacific and South-East Asia region in the multisensor coordinate measuring machine (CMM) market can be attributed to several factors. The region experiences robust demand for CMMs, with China leading due to its substantial domestic market fueled by rapid economic growth and a burgeoning need for quality control in manufacturing. As Chinese industries prioritize precision and accuracy, the demand for Multisensor CMMs continues to rise, cementing China's position as a key player in the market.
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