The global portable coordinate measuring machine (CMM) market is anticipated to grow at a CAGR of 7.4% during the forecast period (2024-2031). The growth in the portable CMMs market is attributed to the presence of major players and their contribution to the market growth. Carl Zeiss AG, Creaform Inc., Eley Metrology, FARO Technologies,Inc., Keyence Corp, Mitutoyo Corp, among others are the prominent players operating in the market. These market players are highly inclined towards the adoption of strategies such as mergers and acquisitions, business expansion, partnership collaborations, and others to sustain in the competition. For instance, In February 2020, Hexagon AG has launched an entry-level optical CMM: Captura in the Asia-Pacific region. Captura offers an intuitive and cost-effective solution for multi-sensor measurement of small to medium parts. Besides, Captura CMMs run the Metus metrology software, a Hexagon-developed package for 2D multisensor measurement.
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Moreover, in June 2020, FARO Technologies, Inc., expanded its CMMs product offering by introducing an affordable and accurate 3D portable CMM: the FARO Gage to the market. The machine is ideal for small and medium-sized businesses performing high-accuracy tasks. In addition, FARO gage also enables machine shops to perform their most demanding 3D inspections in record time. In April 2019, Creaform Inc. has launched HandyScan Black (an updated version of Creaform’s patentedmetrology-grade scanner)for professionals to capture accurate dimensional measurements of physical objects.Besides, in December 2018, Carl Zeiss AG has introduced entry-level Spectrum CMM coupled with the latest scanning technology. Considering these new product launches by major players, considerable growth can be expected in the market during the forecast period.
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Market Coverage
Segment Covered-
o By Type
o By Application
o By End-User
Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Creaform, Inc., Eley Metrology Ltd., Faro Technologies, Inc., Hexagon AB, Mitutoyo Corp.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Portable CMM Market Report Segment
By Type
- Articulating Arm
- Laser Trackers
- Optical
By Application
- Quality Control & Inspection
- Reverse Engineering
- Virtual Simulation
- Others
By End-User
- Aerospace & Defense
- Automotive & Manufacturing
- Medical Device
- Energy & Power
- Others
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