Coordinate Measuring Machine Market Size, Share, Company Profile, Analysis and Forecasts To 2021

By | February 17, 2017

Market Research analysts forecast the global CMM market to grow at a CAGR of 7.10% during the period 2017-2021

The following companies as the key players in the global CMM market: Carl Zeiss, FARO Technologies, Hexagon Metrology, Mitutoyo, and Nikon Metrology

Other Prominent Vendors in the market are: COORD3, DUKIN, International Metrology Systems, Metronor, TRIMEK, and WENZEL

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Commenting on the report, an analyst from Reports team said: Over the past 25 years, the aviation sector has undergone several setbacks such as the recession, aviation fuel price shocks, and security threats. Despite these, global air traffic has been growing at 5.5% annually. The aerospace industry is expected to have a steady demand for CMMs, especially in the commercial aircraft segment. But in the case of military, missiles, and space, it is expected to grow slightly or negatively depending on the defense budget allocation in different countries.

According to the report, the global CMM market is witnessing an increase in its applications, especially those related to the inspection of components and parts. CMMs are the most preferred option for the 3D measurement of objects in the automotive, aerospace, shipbuilding, and other industries.

Further, the report states that another major challenge facing the global CMM market is the lack of qualified personnel to operate these machines. This is because of the economic downturn and the offshoring of manufacturing processes to emerging economies, which has resulted in the scaling down of operations and the loss of skilled labor. These factors also affect the businesses and profit margins of many organizations, which leads to less number of young people opting to undergo industrial training. In addition, organizations are providing generic training while overlooking technical expertise, which is hampering the adoption of CMMs and affecting market growth negatively.

About CMM

The CMM market is a sub-segment of the metrology market; metrological equipment is used for measuring the dimensional, optical, electromagnetic, mechanical, optical radiation, thermodynamic, and time/frequency parameters of a product. It is used during the product development cycle to obtain accurate measurements and enhance the product quality during manufacture. Metrology equipment is classified into three types: coordinate measuring machines (CMMs), optical digitizers and scanners (ODS), and video measuring machines (VMMs).

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Covered in this report 

The report covers the present scenario and the growth prospects of the global flyboarding equipment market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of flyboarding equipment.

The market is divided into the following segments based on geography:

Global Flyboarding Equipment Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
DEFY WaterFlight
Stratospheric Industries
Zapata Racing

Other prominent vendors
Body Glove
Dive Rite
Johnson Outdoors

Market driver
Increasing popularity and subsequent participation in water sports
For a full, detailed list, view our report

Market challenge
High costs of flyboards leading to a preference for rentals
For a full, detailed list, view our report

Market trend
Fitness benefits associated with flyboarding
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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