The mature world coordinated measuring machines (CMM) market is slated to grow at a compound annual growth rate (CAGR) of 4.6% from 2010 to 2015, driven by pent-up demand and product introductions during the short and medium terms.
New analysis from Frost & Sullivan, World Coordinated Measuring Machines Market, finds that the market earned revenues of $1.43 billion in 2010 and estimates this to reach $1.79 billion in 2015.
New opportunities have unfolded as built-up demand post-recession is unleashed to energize market prospects. There is a distinct shift in the usage of CMM from quality control to process control. The use of dimensional measurement by vendors to check the process involved has contributed to the growing utilization of CMMs in process control.
Manufacturers in this domain are rolling out application-specific products that provide better ROI. These machines are custom built to cater to varying end-user requirements. The upsurge in made-to-order manufacturing has augmented revenues of application-specific machines. Vendors are increasing their focus on temperature compensation, high-speed data-gathering sensor technology, and software improvements.