The advancements in measurement technologies supported by the growing demand for portable and easy-to-use metrological solutions have been instrumental in driving the 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 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 toward a compounded annual growth rate (CAGR) of 8.2% during the forecast period 2023 – 2030.
The global articulated arm machine market is currently dominated by mid-range articulated arms. The segment accounted for 62.7% of the global market revenue in the base year 2021. The trend is expected to prolong as mid-range articulated arms continue to dominate through the forecast period 2023 – 2030. Low-end articulated arm machines have been commoditized owing to a lack of product differentiation and innovation leading to trivial revenue growth. Thus, low-end articulated arm machines are expected to witness sluggish growth during the forecast period 2023 – 2030.
As of 2021, the industrial manufacturing and automotive segment represented the two major application sectors of the articulated arm machine market. The segments collective accounted for over 65.9% of the global articulated arm machine market revenue in the same year and are expected to exhibit robust growth during the forecast period. The growing trend towards complete automation at manufacturing facilities bodes well for market growth in the industrial manufacturing segment.
On the other hand, the market for automotive articulated arm machines is expected to be driven by the growing demand and production of automobiles across the globe. The resurrection of the automotive industry and demand for precise measurements during manufacturing and assembly bodes well for the market growth in the automobile segment. The aerospace industry is also expected to witness stronger returns on account of the growing demand and production of aircraft across the globe.
As of 2021, Asia Pacific was the largest articulated arm machine market in terms of revenue. The region is also poised to exhibit comparatively superior growth during the forecast period led by demand from Japan, China, and Southeast Asian countries. The dominance and anticipated growth in the region can be majorly credited to a growing manufacturing base supporting demand for high-precision components. The trend is expected to continue and the region is poised to retain its leading position throughout the forecast period 2023 – 2030.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Articulated Arm Machine market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
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| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
