What is Global Aerospace Industry Coordinate Measuring Machines Market?
The Global Aerospace Industry Coordinate Measuring Machines Market is a specialized sector within the broader aerospace industry. It focuses on the use of coordinate measuring machines (CMMs) in the production and maintenance of aerospace components. CMMs are devices that measure the physical geometrical characteristics of an object, and in the aerospace industry, they are used to ensure the precision and accuracy of parts used in aircraft, guided missiles, space vehicles, and more. These machines play a crucial role in maintaining the high standards of safety and performance required in the aerospace industry. The market for these machines is driven by the ongoing demand for more efficient, reliable, and advanced aerospace vehicles.
Mechanical, Non-Contact, Optical, Multi-Sensor, Others in the Global Aerospace Industry Coordinate Measuring Machines Market:
The Global Aerospace Industry Coordinate Measuring Machines Market is segmented into several types based on their functionality: Mechanical, Non-Contact, Optical, Multi-Sensor, and Others. Mechanical CMMs are traditional devices that use a probe to physically touch and measure the object. Non-Contact CMMs use various technologies like laser scanners to measure the object without physical contact. Optical CMMs use cameras and image processing algorithms to measure the object, while Multi-Sensor CMMs combine several measurement technologies into a single device. Each type of CMM has its own advantages and applications, and the choice of CMM depends on the specific requirements of the aerospace component being measured.
Aircraft, Guided Missiles, Space Vehicles, Others in the Global Aerospace Industry Coordinate Measuring Machines Market:
The Global Aerospace Industry Coordinate Measuring Machines Market finds its application in various areas of the aerospace industry. These include the production and maintenance of Aircraft, Guided Missiles, Space Vehicles, and Others. In the production of aircraft, CMMs are used to measure and inspect the various parts and components that make up the aircraft. This ensures that all parts fit together perfectly and function as intended. Similarly, in the production of guided missiles and space vehicles, CMMs are used to measure and inspect the various parts and components. This ensures that these vehicles are built to the exact specifications required for their mission.
Global Aerospace Industry Coordinate Measuring Machines Market Outlook:
Looking at the market outlook, the Global Aerospace Industry Coordinate Measuring Machines Market was valued at US$ 1164.9 million in 2023. It is projected to grow at a steady pace, reaching a value of US$ 1578.4 million by 2030. This represents a compound annual growth rate (CAGR) of 4.5% during the forecast period from 2024 to 2030. This growth is driven by the ongoing demand for more efficient, reliable, and advanced aerospace vehicles, as well as the need for high-precision measurement and inspection in the production and maintenance of these vehicles.
| Report Metric | Details |
| Report Name | Aerospace Industry Coordinate Measuring Machines Market |
| Accounted market size in 2023 | US$ 1164.9 million |
| Forecasted market size in 2030 | US$ 1578.4 million |
| CAGR | 4.5% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
|
| Segment by Application |
|
| Production by Region |
|
| Consumption by Region |
|
| By Company | HEXAGON METROLOGY, MAHR METERING SYSTEMS, Mitutoyo, Nikon, POLYTEC, Apisensor, ALICONA, KAPP NILES, Redlux |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
