Global Optical Coordinate Measuring Machine Market Size (2024 - 2029)

The optical coordinate measuring machine market is experiencing growth driven by increasing automation in the industrial sector and the adoption of cloud and data-related solutions. The demand for precise measurements and quality inspection is fueling innovation in this market. The shift towards smart and digital manufacturing is creating a need for advanced optical CMMs, particularly in industries such as automotive, aerospace, electronics, and semiconductor, where device complexity and measurement precision are critical. The convergence of CMM and VMM technologies is enhancing inspection capabilities, allowing for more efficient and comprehensive measurements in these sectors.

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Market Size of Global Optical Coordinate Measuring Machine Industry

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Optical Coordinate Measuring Machine Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 1.85 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Optical Coordinate Measuring Machine Market Major Player

*Disclaimer: Major Players sorted in no particular order

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Optical Coordinate Measuring Machine Market Analysis

The global optical coordinate measuring machine market was valued at USD 617.27 million in 2020, and it is projected to be worth USD 627.08 billion by 2026, registering a CAGR of 1.85% during the period of 2021 - 2026.

  • The increasing automation in the industrial sector and the growing adoption of cloud and data-related solutions are some of the major drivers of the overall metrology market. The increasing investment in quality inspection and rising need for precise measurements are some of the major factors driving the innovation in the studied market.
  • The need for continuous measurements due to industries' shift to smart/digital manufacturing is also developing a need for advanced optical CMMs. Industries such as automotive, aerospace and defense, electronics, and semiconductor have witnessed increasing complexity of devices and demand for precise measurements due to smart devices. The growing manufacturing in these sectors will be primary revenue streams for studied market vendors over the forecast period.
  • Sensor capabilities are extended to being used either as a combination of machine and motorized head motion (CMM) or the part presented to the sensor using a combination of linear and rotary machine motions (VMM). Both the technologies (CMM and VMM) have been witnessed converging for complex part inspections.
  • The automotive sector has been an adopter of CMMs for the measurement across car, truck, and motorcycle engines. Traditionally CMMs are being used to measure characteristics like diameters and depths of holes and similarly, relied upon a separate roughness-checking machine. The advent of multi-sensor measuring machines led the automotive companies to get most of the inspection work done in a single machine with no downtime, no moving parts back and forth, etc.

Optical Coordinate Measuring Machine Industry Segmentation

Optical CMMs are optimal tools to provide the data that flows through the business and enables ultimate control across the entire manufacturing process. The market is segmented based on product type, end-users, machine type, and geography. 

Product Type
Multi-sensor
2D Vision Measurement Machine
3D Vision Measurement Machine
End User
Aerospace and Defense
Automotive
Heavy Machinery and Metal Fabrication
Other End-user Industries
Machine Type
Articulated
Bridge
Other Machine Types
Geography
North America
Europe
Asia Pacific
Rest of the World
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Global Optical Coordinate Measuring Machine Market Size Summary

The optical coordinate measuring machine (CMM) market is experiencing growth driven by the increasing automation in industrial sectors and the adoption of advanced data solutions. This growth is fueled by the rising need for precise measurements and quality inspection, particularly as industries shift towards smart and digital manufacturing. Sectors such as automotive, aerospace, defense, electronics, and semiconductors are witnessing increased complexity in device manufacturing, necessitating advanced optical CMMs for accurate measurements. The convergence of technologies like CMM and VMM for complex part inspections is also contributing to market expansion. The automotive industry, in particular, is leveraging multi-sensor measuring machines to streamline inspection processes, reducing downtime and enhancing efficiency.

The Asia-Pacific region, especially China, is a significant player in the optical CMM market due to its robust manufacturing base and rapid economic growth. The region's dominance in the semiconductor and electronics industries further bolsters the demand for inline metrology solutions. Companies in this region are increasingly adopting advanced CMM technologies for quality control inspections. The competitive landscape of the global optical CMM market is marked by the presence of major players like Hexagon AB, Nikon Metrology NV, and Carl Zeiss, which have established strong distribution channels. Recent developments, such as Hexagon's DELTA OPERA and Nikon's partnership with Wenzel, highlight ongoing innovations and collaborations aimed at enhancing CMM capabilities and expanding market reach.

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Global Optical Coordinate Measuring Machine Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.2.1 Bargaining Power of Suppliers

      2. 1.2.2 Bargaining Power of Buyers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Threat of Substitutes

      5. 1.2.5 Intensity of Competitive Rivalry

    3. 1.3 Impact of COVID-19 on the Optical CMM Market

    4. 1.4 Evolution of the CMM Industry

    5. 1.5 Market Drivers

      1. 1.5.1 Changing Product Designs and Growing Investments in Industry 4.0

      2. 1.5.2 Adoption of In-line Solutions and Technological Advancements

    6. 1.6 Market Challenges

      1. 1.6.1 Slower Replacement Rates And Rising Number of Substitute Technologies

  2. 2. MARKET SEGMENTATION

    1. 2.1 Product Type

      1. 2.1.1 Multi-sensor

      2. 2.1.2 2D Vision Measurement Machine

      3. 2.1.3 3D Vision Measurement Machine

    2. 2.2 End User

      1. 2.2.1 Aerospace and Defense

      2. 2.2.2 Automotive

      3. 2.2.3 Heavy Machinery and Metal Fabrication

      4. 2.2.4 Other End-user Industries

    3. 2.3 Machine Type

      1. 2.3.1 Articulated

      2. 2.3.2 Bridge

      3. 2.3.3 Other Machine Types

    4. 2.4 Geography

      1. 2.4.1 North America

      2. 2.4.2 Europe

      3. 2.4.3 Asia Pacific

      4. 2.4.4 Rest of the World

Global Optical Coordinate Measuring Machine Market Size FAQs

The Global Optical Coordinate Measuring Machine Market is projected to register a CAGR of 1.85% during the forecast period (2024-2029)

Hexagon AB, Carl Zeiss AG, Mitutoyo Corporation, Nikon Metrology NV and Micro Vu Corporation are the major companies operating in the Global Optical Coordinate Measuring Machine Market.

Optical CMM Market Report Snapshots

Optical Coordinate Measuring Machine Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)