Asia-Pacific & South-East Asia Multisensor Coordinate Measuring Machine (CMM) Market, By 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) – Industry trends 2030
Asia-Pacific and South-East Asia Multisensor Coordinate Measuring Machine (CMM) Market Analysis and Size
Asia-Pacific and South East Asia region's multisensor CMM (coordinate measuring machine) industry is expanding significantly and has enormous potential. Rapid industrialization and technological development in the Asia-Pacific area are driving up demand for high-precision measurement and inspection systems. Due to the region's developing manufacturing sector and the demand for quality control in sectors, for instance, automotive, aerospace, electronics, and healthcare, the multisensor CMM market in Asia-Pacific and South East Asia is anticipated to increase significantly over the coming years. Asia-Pacific is a center for manufacturing, with key contributors including China, Japan, South Korea, and India. These nations are well-represented in sectors of the economy that depend significantly on multisensor CMMs for precise and effective quality control procedures.
Data Bridge Market Research analyses that the Asia-Pacific & South-East Asia multisensor coordinate measuring machine (CMM) market is expected to reach a value of USD 498,195.16 thousand by 2030, at a CAGR of 8.2% during the forecast period. Asia-Pacific & South-East Asia multisensor coordinate measuring machine (CMM) market report also comprehensively covers pricing analysis, patent analysis, and technological advancements.
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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
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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 & 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, Nikon Corporation, Hexagon AB, Innovalia Metrology, Automated Precision Inc. (API), WENZEL Group, Quality Vision International, Sinowon Innovation Metrology Manufacture Limited, Mitutoyo Corporation, Renishaw plc, Perceptron, Inc., Werth Messtechnik GmbH, LK Metrology, Baker Gauges India Pvt. Ltd., Accurate, DUKIN CO., LTD. among others
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Market Definition
The market for coordinate measuring machines with several sensing technologies for dimensional measurement and inspection is known as the Asia-Pacific & South-East Asia multisensor coordinate measuring machine (CMM) market. A multisensor CMM integrates different sensing technologies into a single unit, including touch probes, optical sensors, laser scanners, vision systems, and other non-contact measurement techniques. The variety and flexibility of multisensor CMMs' measurement capabilities enable users to choose the best sensor for a given measurement assignment or part feature. This makes it possible for complicated parts, surfaces and features with a variety of geometries, materials, and measurement requirements to undergo thorough dimensional analysis and inspection.
Asia-Pacific & South-East Asia Multisensor Coordinate Measuring Machine (CMM) Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:
Drivers
- Increasing emphasis on quality control
Quality control plays a crucial role in ensuring the production of high-quality and reliable products across industries. It involves a set of processes and techniques aimed at monitoring and maintaining the desired level of quality throughout the manufacturing process. The multi-sensor Coordinate Measuring Machines (CMMs) have emerged as essential tools in quality control, enabling accurate and comprehensive inspection of components and products. They offer versatile and precise measurement capabilities, making them invaluable for quality control purposes.
- Growth in demand for multisensor CMMS in the automotive industry
The automotive industry uses multisensor CMMs primarily for quality control and inspection purposes. Advanced metrology systems such as multisensor CMMs offer numerous benefits and applications in the automotive sector, ensuring precision, reliability, and compliance with industry standards as it plays a critical role in ensuring dimensional accuracy in automotive manufacturing. They are used to measure and verify critical dimensions of components, such as engine parts, body panels, chassis components, and interior elements. Accurate dimensional inspection helps identify any deviations from design specifications, ensuring parts fit together correctly, optimizing performance, and minimizing quality issues.
Opportunity
- Surge in the demand and development of advanced software for CMMS
Software plays an importance in unlocking the full potential of multisensor CMMs. The current generation of advanced metrology systems relies on software solutions for data collection, analysis, visualization, and automation of measurement processes. The metrology software serves as the backbone of multisensor CMMs, enabling measurement planning, data collection, and analysis. It offers features such as geometric dimensioning and part alignment, measurement strategies, and comprehensive reporting. Metrology software provides a user-friendly interface, making it easier for operators to program and execute measurement routines.
Restraint/Challenge
- High cost associated with multisensor CMMS
The high cost associated with multisensor CMMs is expected to restrain market growth. While multi-sensor CMMs offer advanced measurement capabilities and enhanced inspection features, their high initial investment and maintenance costs may hinder their widespread adoption. The initial cost of acquiring multisensor CMMs can be substantial, especially for Small and Medium-Sized Enterprises (SMEs) or companies with limited budgets. The high capital investment required for purchasing these machines, along with additional costs for installation and training, can deter potential buyers, particularly those operating in cost-sensitive industries.
Recent Development
- In May 2023, Innovalia Metrology announced that the company had launched an M3 Hybrid solution, which combines machinery, sensors, and software to optimize the quality control process. The company stated that M3 Hybrid is a comprehensive measurement system that offers both contact and non-contact measurements. The combination of probes and the seamless integration with the M3 software allows the system to perform precise and detailed measurements on parts of any shape and size, making it an ideal solution for a wide range of applications in the industry. This launch has boosted the company's presence and its advancement in Asia-Pacific & South-East Asia multisensor coordinate measuring machine (CMM) market
- In September 2020, Baker Gauges India Pvt. Ltd. announced that the company has entered into a coordinate measuring machines market segment in association with Aberlink Ltd., U.K., for sales of their CMMs in the Indian market. Through this, the company has started offering various CMMs in the Indian region under the market.
Asia-Pacific & South-East Asia Multisensor Coordinate Measuring Machine (CMM) Market Scope
Asia-Pacific & 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. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
- Hardware
- Software
- Services
On the basis of component, the Asia-Pacific & South-East Asia multisensor coordinate measuring machine (CMM) market is segmented into hardware, software and services.
Type
- Fixed
- Portable
On the basis of type, the Asia-Pacific & South-East Asia multisensor coordinate measuring machine (CMM) market is segmented into fixed and portable.
Load Capacity
- More than 20 KG
- Less than 20KG
On the basis of load capacity, the Asia-Pacific & South-East Asia multisensor coordinate measuring machine (CMM) market is segmented into more than 20 KG and less than 20 KG.
Application
- Quality Control and Inspection
- Profiling and Assessment
- Virtual Simulation
- Reverse Engineering
On the basis of application, the Asia-Pacific & South-East Asia multisensor coordinate measuring machine (CMM) market is segmented into quality control and inspection, profiling and assessment, virtual simulation, and reverse engineering.
End User
- Aerospace and Defense
- Automotive
- Medical
- Heavy Machinery
- Electronics
- Energy & Power
- Others
On the basis of end user, the Asia-Pacific & 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.
Distribution Channel
- Direct Channel
- Indirect Channel
On the basis of distribution channel, the Asia-Pacific & South-East Asia multisensor coordinate measuring machine (CMM) market is segmented into direct channel and indirect channel.
Asia-Pacific & South-East Asia Multisensor Coordinate Measuring Machine (CMM) Market Country Analysis/Insights
Asia-Pacific & South-East Asia multisensor coordinate measuring machine (CMM) market is analyzed, and market size insights and trends are provided by country, component, type, load capacity, application, end user, and distribution channel, as referenced above.
The countries covered in the Asia-Pacific & South-East Asia multisensor coordinate measuring machine (CMM) market report are China, Japan, South Korea, India, Taiwan, Australia &New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Vietnam, Myanmar, Laos, and the Rest of Asia-Pacific. China dominates in the Asia-Pacific & South-East Asia region due to the high demand for multisensor coordinate measuring machine (CMM) in the region. Additionally, China has a large and growing domestic market for Multisensor coordinate measuring machine (CMM)s, driven by the country's rapid economic growth and increasing demand for quality control in manufacturing.
The country section of the report also provides individual market-impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of APAC & SEA brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Asia-Pacific & South-East Asia Multisensor Coordinate Measuring Machine (CMM) Market Share Analysis
Asia-Pacific & South-East Asia multisensor coordinate measuring machine (CMM) market competitive landscape provides details of the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, APAC & SEA presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to Asia-Pacific & South-East Asia multisensor coordinate measuring machine (CMM) Market.
Some of the major players operating in the Asia-Pacific & South-East Asia multisensor coordinate measuring machine (CMM) market are ZEISS Group, Nikon Corporation, Hexagon AB, Innovalia Metrology, Automated Precision Inc. (API), WENZEL Group, Quality Vision International, Sinowon Innovation Metrology Manufacture Limited, Mitutoyo Corporation, Renishaw plc, Perceptron, Inc., Werth Messtechnik GmbH, LK Metrology, Baker Gauges India Pvt. Ltd., Accurate, DUKIN CO., LTD. among others.
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