Articulated Arm Machine Market By End-Use (Industrial Manufacturing, Automotive, Electrical And Electronic, Aerospace, Energy And Power) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2023

The advancements in measurement technologies supported by the growing demand for portable and easy-to-use metrological solutions have been instrumental in driving adoption of articulated arm machines beyond traditional verticals like automotive and machine shops. Unlike fixed CMM (Coordinate Measuring Machine) configurations, articulated machines offer superior benefits in terms of portability, weight, and flexibility in measurement. The escalating demand for portable CMMs, especially in semiconductors, automotive, and aerospace industries has provided the much needed impetus to the overall CMM market growth, which witnessed a gradual slow down after the emergence of optical digitizers and scanners. Lack of product differentiation is identified as the major challenge to the market growth. Lack of product differentiation and minimal innovation has led manufacturers to compete on price, which consequently affects profit margins and the market revenue growth. These factors are expected to contribute towards a compounded annual growth rate (CAGR) of 8.2% during the forecast period 2016 – 2023.

Report Scope

This report analyzes the global articulated arm machine market in terms of price, end-use application, and geography. On the basis of price, the market is segmented into low-end articulated arms, mid-range articulated arms, and high-end articulated arms. Similarly, on the basis of end-use application, the market for articulated arm machines is further classified into industrial manufacturing, automotive, electrical and electronics, aerospace, and energy and power among others. The geographical distribution of the global articulated arm machine market considered in this study encompasses regional markets such as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

1.1 Report Description

Purpose of the Report

The purpose of this strategic research study titled "Global Articulated Arm Machine Market - Growth, Share, Opportunities, and Competitive Analysis, 2016 – 2023" is to offer industry investors, company executives, and industry participants with in-depth insights to enable them make informed strategic decisions related to the opportunities in the global metrology industry.

Target Audience

  • Industry Investors
  • Articulated Arm Machine Manufacturers
  • Other Metrology Solution Providers
  • Distributors
  • End-users

Overall, the research study provides a holistic view of the global articulated arm machine market, offering market size and estimates for the period from 2014 to 2023, keeping in mind the above mentioned factors.

 Frequently Asked Questions:

The market for Articulated Arm Machine Market is expected to reach US$ XX Bn in 2023.

The Articulated Arm Machine Market is expected to see significant CAGR growth over the coming years, at 8.2%.

The report is forecasted from 2016-2023.

The base year of this report is 2015

Hexagon AB,FARO Technologies Inc,Carl Zeiss AG, Renishaw plc,Mitutoyo Corporation are some of the major players in the global market.

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Published Date:  Jul 2016
Category:  Semiconductor & Electronics
Report ID:   57983
Report Format:   PDF
Pages:   120
Rating:    4.5 (65)
Delivery Time: 24 Hours to 48 Hours   
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