CMM Market Forecast to Continue Growing
Recent analysis has reported that integration with mobile and robot-mounted systems for rapid measurement is expediting the global stationary coordinate measuring machine (CMM) market growth. The global stationary CMM market revenue is estimated to grow at a compound annual growth rate (CAGR) of 4.8%. Automotive, aerospace and machine shops are the key industry verticals expected to accelerate demand for stationary CMMs over the coming period.
“The increasing need to maximize productivity on the shop floor is driving demand for more automation and robotics. With customers demanding inline measurement solutions to increase throughput, several vendors have introduced shop-floor CMMs,” stated Ram Ravi, Measurement & Instrumentation Research Analyst at Frost & Sullivan. “Additionally, CMMs equipped with scanners or multi-sensor systems are gaining prominence with the growing adoption of Industry 4.0 across manufacturing.”
Ravi added: “From a product perspective, bridge and gantry CMMs will dominate the stationary CMMs space. The popularity of bridge CMM is attributed to its affordability and ability to offer precise measurements. In contrast, sectors which require high precision such as aerospace and automotive will propel the demand for gantry CMM.”
The report identified an increasing customer preference to adopt either complete or piecemeal Industry 4.0 solution that will augment the need for inline measurement and inspection with an increasing need to maximize productivity on the shop floor driving demand for more
automation and robotics.
The report identifies factors that could disrupt the stationary coordinate measuring machine market including cloud computing, robotics, simulation and big data analytics which are already critical in driving business efficiencies and their importance is expected to rise in the next 3 to 4 years. 30% of the industry is in the early stages of digital transformation with some customers are already trying robot integrated systems to automate the process.
The Frost and Sullivan report highlights growth opportunities for the stationary coordinate measuring machine market including robotic automation to assist CMMs with handling components to enhance throughput, EVs and fuel cells continuation to augment CMM market growth prospects together with the Additive Manufacturing trend.