CNC Video Measuring Machine Market - Global Industry Research Analysis

According to Market Research Store, the global CNC video measuring machine market size was valued at around USD 97.67 million in 2023 and is estimated to reach 192.01 million by 2032, to register a CAGR of approximately 7.80% in terms of revenue during the forecast period 2024-2032.

The CNC video measuring machine report provides a comprehensive analysis of the market, including its size, share, growth trends, revenue details, and other crucial information regarding the target market. It also covers the drivers, restraints, opportunities, and challenges till 2032.

Global CNC Video Measuring Machine Market: Overview

The CNC Video Measuring Machine Market encompasses automated systems that use advanced video technology and CNC (Computer Numerical Control) programming to accurately measure and inspect objects. These machines are critical in industries such as automotive, aerospace, electronics, and precision engineering, where high accuracy and quality control are essential.

CNC video measuring machines enable non-contact measurement with high precision, using optical systems and advanced image processing software to perform complex measurements on intricate parts and components.

Market growth is primarily driven by the rising demand for high-quality manufacturing and the increasing complexity of parts used in industries. Automation trends and advancements in metrology are leading industries to adopt CNC video measuring machines to ensure consistency and accuracy in production.

Additionally, the need for efficient quality control solutions in mass production is fueling demand, as these machines enhance productivity by reducing inspection time and providing consistent measurements.

Key Highlights

• The CNC video measuring machine market is anticipated to grow at a CAGR of 7.80% during the forecast period.
• The global CNC video measuring machine market was estimated to be worth approximately USD 97.67 million in 2023 and is projected to reach a value of 192.01 million by 2032.
• The growing adoption of automation in manufacturing also supports market growth, as these machines streamline quality control processes and reduce the margin of error, thus contributing to consistent product quality.
• Based on the product, the accuracy <3μm segment is growing at a high rate and is projected to dominate the market.
• On the basis of application, the aerospace & defense segment is projected to swipe the largest market share.
• By region, Asia Pacific is expected to dominate the global market during the forecast period.

CNC Video Measuring Machine Market: Dynamics

Key Growth Drivers

• Rising Demand for Precision Measurement: The increasing need for precise and accurate measurements in manufacturing industries, especially in automotive, aerospace, and electronics, is driving the demand for CNC video measuring machines.
• Advancements in Technology: Advancements in camera technology, image processing algorithms, and software have improved the accuracy and speed of these machines.
• Increasing Automation: The growing trend towards automation in manufacturing processes is driving the adoption of CNC video measuring machines for automated quality control.
• Rising Focus on Quality Control: The emphasis on quality control and product consistency has led to the increased use of CNC video measuring machines to ensure product quality.

Restraints

• High Initial Cost: The initial investment in a CNC video measuring machine can be significant, especially for advanced models with sophisticated features.
• Complex Operation: These machines require specialized training and expertise to operate and maintain, which can increase labor costs.
• Technical Limitations: While advanced, CNC video measuring machines may still have limitations in measuring certain complex geometries or materials.
• Economic Fluctuations: Economic downturns can impact the demand for capital-intensive equipment like CNC video measuring machines.

Opportunities

• Integration with Industry 4.0 Technologies: Integrating CNC video measuring machines with other Industry 4.0 technologies, such as IoT and AI, can further enhance their capabilities and provide real-time insights.
• Expansion into Emerging Markets: Targeting emerging markets with growing manufacturing industries can provide significant growth opportunities.
• Customized Solutions: Offering customized solutions tailored to specific industry needs can help differentiate products and attract customers.
• Advancements in Software and Algorithms: Continued advancements in software and algorithms can improve the accuracy, speed, and versatility of CNC video measuring machines.

Challenges

• Competition from Traditional Measurement Methods: CNC video measuring machines compete with traditional measurement methods, such as coordinate measuring machines (CMMs) and optical comparators.
• Supply Chain Disruptions: Disruptions in the supply chain of key components, such as cameras, lenses, and software, can impact the production and delivery of CNC video measuring machines.
• Cybersecurity Risks: As these machines become increasingly connected, they are vulnerable to cyberattacks, which can compromise data security and operational efficiency.
• Skill Shortages: A shortage of skilled workers with expertise in operating and maintaining CNC video measuring machines can hinder their adoption.

CNC Video Measuring Machine Market: Segmentation Insights

The global CNC video measuring machine market is divided by product, application, region and others.

Segmentation Insights by Product

Based on Product, the global CNC video measuring machine market is divided into accuracy<3μm, accuracy≥3μm, and others.

The Accuracy <3μm segment is gaining dominance, especially in industries that prioritize extremely precise measurements, such as aerospace and medical device manufacturing.  Although it represents a smaller share of the market, this segment is experiencing strong growth due to increasing demand for high-precision parts in industries where measurement accuracy is crucial.

CNC video measuring machines with Accuracy ≥ 3μm are suitable for applications requiring moderate precision. These machines are often used in industries where exact measurements are important but do not require ultra-high precision, such as quality control for consumer products, simple machining parts, and standard manufacturing checks. This segment holds a substantial share of the market, as it is widely utilized across industries that require reliable but not extremely high-precision measurements.

Segmentation Insights by Application

On the basis of Application, the global CNC video measuring machine market is bifurcated into aerospace & defense, automotive, energy & power, general industry, and others.

The Aerospace & Defense segment dominates the CNC Video Measuring Machine Market due to its stringent requirements for accuracy and reliability, driving high demand for machines with fine measurement capabilities.

The Aerospace & Defense sector demands ultra-high precision, where CNC video measuring machines with very fine accuracy are used for intricate parts in aircraft, satellites, and defense equipment. These machines support rigorous quality control to ensure components meet stringent industry standards.

In the Automotive industry, CNC video measuring machines are essential for ensuring high precision in manufacturing vehicle components, such as engine parts, transmission systems, and intricate electronic parts.

These machines help maintain quality standards and reduce production flaws, which is critical in a sector driven by efficiency and safety. This application holds a significant share in the market due to the large scale of the automotive industry and its demand for high-volume, precise measurements.

The energy sector has a moderate share in the market, particularly due to the emphasis on operational efficiency and equipment reliability. In the Energy & Power sector, CNC video measuring machines play a crucial role in ensuring the accuracy of parts used in energy generation and distribution equipment, such as turbines, valves, and pumps. The sector relies on these machines to minimize deviations that could impact the efficiency and reliability of energy systems.

The General Industry segment includes a variety of applications, such as consumer goods manufacturing, electronics, and industrial machinery production, where CNC video measuring machines ensure product consistency and quality. These machines are widely used to inspect small and medium-sized components, contributing to efficient mass production. This segment holds a significant share due to its application across diverse industries.

CNC Video Measuring Machine Market: Report Scope

CNC Video Measuring Machine Market: Regional Insights

•              Asia-Pacific currently leads the global CNC video measuring machine market

Asia-Pacific leads the CNC video measuring machine market, driven by rapid industrialization, particularly in countries like China, Japan, and South Korea. The region’s strong manufacturing sector, especially in automotive and electronics, creates substantial demand for precise measurement solutions. Growing investment in smart manufacturing also contributes to the region's dominance.

North America is a significant market, particularly in the U.S. and Canada, where high demand for advanced measurement solutions comes from industries such as aerospace, automotive, and medical devices. The region's focus on automation and the adoption of Industry 4.0 technologies contribute to the market's growth, as companies seek innovative solutions for quality control.

Europe is another major market, with countries like Germany, the UK, and France leading in the adoption of CNC video measuring machines. The strong presence of automotive and aerospace industries, along with stringent quality standards, drives demand in this region. Germany, as a manufacturing hub, is a key contributor to market growth in Europe.

These regions are expected to experience steady growth in the CNC video measuring machine market. In Latin America, industrial expansion in countries such as Brazil and Mexico is driving adoption. The Middle East and Africa, especially the UAE and South Africa, are seeing growth due to investments in manufacturing and infrastructure.

CNC Video Measuring Machine Market: Competitive Landscape

The report provides an in-depth analysis of companies operating in the CNC video measuring machine market, including their geographic presence, business strategies, product offerings, market share, and recent developments. This analysis helps to understand market competition.

Some of the major players in the global CNC video measuring machine market include:

• Hexagon
• Carl Zeiss
• Faro Technologies
• Mitutoyo Corporation
• Nikon Corporation
• GOM Metrology
• Perceptron
• Renishaw
• Zygo Corporation
• Advantest Corporation
• Wenzel Prazision
• Creaform
• Keyence
• Vision Engineering

Carmar Accuracy

The global CNC video measuring machine market is segmented as follows:

By Product

• Accuracy<3μm
• Accuracy≥3μm

By Application

• Aerospace & Defense
• Automotive
• Energy & Power
• General Industry
• Others

By Region

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • France
  • Germany
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• The Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East Africa

Frequently Asked Questions:

What will be the value of the CNC video measuring machine market during 2024- 2032?

Based on statistics from the Market Research Store, the global CNC video measuring machine market size was projected at approximately US$ 97.67 million in 2023. Projections indicate that the market is expected to reach around US$ (toyear) million in revenue by 2032.

What will be the CAGR of the global CNC video measuring machine market?

The global CNC video measuring machine market is expected to grow at a Compound Annual Growth Rate (CAGR) of around 7.80% during the forecast period from 2024 to 2032.

Which region will drive the global CNC video measuring machine market?

Asia Pacific is expected to dominate the global CNC video measuring machine market.

What are the significant factors driving the global CNC video measuring machine market?

Rising demand for precision in manufacturing industries such as automotive, aerospace, electronics, and medical devices fuels the need for highly accurate, non-contact measurement solutions that CNC video measuring machines provide.

Who are the leading players functioning in the global CNC video measuring machine market growth?

Some of the prominent players operating in the global CNC video measuring machine market are; Hexagon, Carl Zeiss, Faro Technologies, Mitutoyo Corporation, Nikon Corporation, GOM Metrology, Perceptron, Renishaw, Zygo Corporation, Advantest Corporation, Wenzel Prazision, Creaform, Keyence, Vision Engineering, Carmar Accuracy, and others.

What can be expected from the global CNC video measuring machine market report?

The global CNC video measuring machine market report provides a comprehensive analysis of market definitions, growth factors, opportunities, challenges, geographic trends, and competitive dynamics.

Frequently Asked Questions