PUBLISHER: Orion Market Research | PRODUCT CODE: 1715261
PUBLISHER: Orion Market Research | PRODUCT CODE: 1715261
Global Form Measurement Machine Market Size, Share & Trends Analysis Report by Type (Coordinate Measuring Machines (CMMs), Optical Form Measurement Machines, Roundness Measurement Machines, and Height Measurement Machines), and Application (Automotive, Aerospace, Electronics, Medical Device, Metalworking and Manufacturing, and Others) Forecast Period (2025-2035)
Industry Overview
Form measurement machine market is estimated to be valued at $6.5 billion in 2024 and is estimated to reach $14.8 billion in 2035, exhibiting a CAGR of 7.8% during the forecast period (2025-2035). The demand for precise measurement tools is increasing in the automotive, aerospace, and electronics sectors, driven by automation inspection, and quality control. Digital technologies such as AI, machine learning, and IoT increase efficiency and accuracy. Emerging markets and strict regulations are driving industry growth.
Market Dynamics
Technological Advancements
Continuous innovation in measurement technologies leads to higher precision and efficiency, which further enhances adoption in various industries. For instance, in August 2024, Mahr launched the MarSurf CD 140 AF contour measuring machine, an optimized space tool for production environments. The machine comes with a user-friendly design, a probe system, automatic force selection, and MarWin software for easy program creation. It additionally boasts a 140mm measuring X-axis with a positioning speed of up to 200 mm/s for precise measurements and enhanced productivity.
Adoption of Non-Contact Measurement Techniques
Non-contact measurement techniques such as optical digitizers, scanners, and vision machines are gaining popularity due to their ability to provide accurate, rapid measurements without physical contact. For instance, in November 2023, ZEISS subsidiary CAPTURE 3D introduced its 3D metrology software ZEISS INSPECT, previously GOM Software. With a status as the industry norm for 3D inspection and testing, ZEISS INSPECT Optical 3D allows customers to obtain accurate surface information for rapid mesh processing, returning a geometric digital twin of their physical part. ZEISS INSPECT Optical 3D is equipped with the new Autosurfacing app, which automatically transfers scan data to a high-precision CAD model.
Market Segmentation
Automotive Segment to Lead the Market with the Largest Share
The automobile sector is growing rapidly as a result of the added complexity of parts for automobiles and aircraft, in addition to the increased production of electric automobiles. According to the India Brand Equity Foundation (IBEF), the Indian passenger car market was valued at $32.70 billion in 2021, and it is estimated that it will rise to $54.84 billion in 2027. In September 2024, the production of passenger vehicles, three-wheelers, two-wheelers, and quadricycles stood at 27,73,039 units, whereas, in April-September FY25, it was 1,56,22,388 units. It sold 13,25,112 EVs in FY24 up to January 2024. The EV market in India is likely to reach $7.09 billion by 2025, a potential $206 billion opportunity by 2030, requiring a $180 billion investment in manufacturing and infrastructure.
Coordinate Measuring Machines (CMMs): A Key Segment in Market Growth
Coordinate Measuring Machines (CMMs) are precise instruments in the form measurement machine industry, used to measure the physical geometrical features of an object. The machines are either manually or computer-controlled, with a probe utilized to pick up accurate coordinate data on the surface of the object. CMMs are applied in quality control, verification of product design, reverse engineering, and precision manufacturing in sectors such as automotive, aerospace, electronics, and metals, among others, to ensure that parts like car parts, aerospace components, electronic equipment, medical devices, and tools are by regulatory requirements and meet certain parameters.
The global form measurement machine market is further divided by geography, including North America (the US and Canada), Europe (the UK, Germany, France, Italy, Spain, Russia, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, Australia and New Zealand, ASEAN Countries, and the Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America)
Advances in Technology in North America
The incorporation of more advanced technologies such as non-contact measurement systems, AI-driven analysis, and automated workflows enhances machine capabilities and stimulates market growth. For instance, in October 2024, Mitutoyo America Corp. released the Metlogix M3 with the Mitutoyo Quick Image Vision System, allowing for increased accuracy and productivity in non-contact measurements. The software offers pattern-based measurements, advanced video probes, field-of-view measurement, and super-image stitching for larger workpieces up to 400mm. The intuitive, icon-driven interface offers a fast and efficient way to measure multiple points in a single action, thereby reducing setup time and increasing productivity. The integration of Metlogix M3 software further solidifies Mitutoyo's commitment to providing innovative technology solutions for modern quality control needs.
Asia-Pacific Region Dominates the Market with Major Share
Asia-Pacific holds a significant share owing to the Adoption of Industry 4.0 leading to demand for advanced measurement systems, including form measurement machines, which allow real-time monitoring, hence propelling the market growth in factories. According to the National Association of Software and Service Companies (NASSCOM) report, in June 2024, the India Industry 4.0 Adoption report highlighted that by 2025, it will account for digital technologies to cover 40% of total manufacturing expenditure, thereby increasing 20% in 2021. The shift covers factory automation from raw material sourcing to the dispatch of finished products by improving efficiency and reducing downtimes. Integration of AI and ML in industries such as, automotive and electronics is driving growth, as the electronics manufacturing sector is projected to reach $300 billion by 2026, and the industrial automation market is expected to reach $29.43 billion by FY2029.
The major companies operating in the global form measurement machine market include FARO Technologies, Inc., Hexagon AB, KEYENCE CORP., Nikon Corp., Zeiss AG, and others. Market players are leveraging partnerships, collaborations, mergers, and acquisition strategies for business expansion and innovative product development to maintain their market positioning.
Recent Developments