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 2022-2030.
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 2022-2030. 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 2022-2030.
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.
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.
This product will be delivered within 2 business days.
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 2022-2030. 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 2022-2030.
Growing trend towards complete automation at manufacturing facilities bodes well for market growth in the industrial manufacturing segment.
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.
Asia Pacific is expected to continue its dominance
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 2022-2030.Historical & Forecast Period
This report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.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:- Research and development budgets of manufacturers and government spending.
- Revenues of key companies in the market segment.
- Number of end users and consumption volume, price and value.
- Geographical revenues generated by countries considered in the report.
- Micro and macro environment factors that are currently influencing the Articulated Arm Machine market and their expected impact during the forecast period.
- The 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.
Market Segmentation
Price Range
- Low-end
- Mid-range
- High-end
End-use Application
- Industrial Manufacturing
- Automotive
- Electrical & Electronics
- Aerospace
- Energy & Power
- Others
Key questions answered in this report
- What are the key micro and macro environmental factors that are impacting the growth of Articulated Arm Machine market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2030.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Articulated Arm Machine market?
- Which is the largest regional market for Articulated Arm Machine market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving Articulated Arm Machine market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Articulated Arm Machine market worldwide?
This product will be delivered within 2 business days.
Table of Contents
1. Preface1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. Key Offerings
1.2. Market Segmentation
1.3. Research Methodology
1.3.1. Phase I - Secondary Research
1.3.2. Phase II - Primary Research
1.3.3. Phase III - Expert Panel Review
1.3.4. Assumptions
1.3.5. Approach Adopted
2. Executive Summary
2.1. Market Snapshot: Global Articulated Arm Machine Market
2.2. Global Articulated Arm Machine Market, by Price Range, 2021 (US$ Million)
2.3. Global Articulated Arm Machine Market, by End-use Application, 2021 (US$ Million)
2.4. Global Articulated Arm Machine Market, by Geography, 2021 (US$ Million)
2.5. Impact of COVID-19
2.6. Attractive Investment Proposition by Geography, 2021
2.7. Competitive Analysis
2.7.1. Market Positioning of Key Articulated Arm Machine Market Vendors
2.7.2. Strategies Adopted by Articulated Arm Machine Market Vendors
2.7.3. Key Industry Strategies
3. Articulated Arm Machine Market: Business Outlook & Market Dynamics
3.1. Introduction
3.2. Global Articulated Arm Machine Market Value, 2020-2030, (US$ Million)
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Restraints
3.3.3. Key Challenges
3.3.4. Key Opportunities
3.4. Impact Analysis of Drivers and Restraints
3.5. See-Saw Analysis
3.6. Porter’s Five Force Model
3.6.1. Supplier Power
3.6.2. Buyer Power
3.6.3. Threat of Substitutes
3.6.4. Threat of New Entrants
3.6.5. Competitive Rivalry
3.7. PESTEL Analysis
3.7.1. Political Landscape
3.7.2. Economic Landscape
3.7.3. Technology Landscape
3.7.4. Legal Landscape
3.7.5. Social Landscape
4. Articulated Arm Machine Market: by Price Range, 2020-2030, USD (Million)
4.1. Market Overview
4.2. Growth & Revenue Analysis: 2021 Versus 2030
4.3. Market Segmentation
4.3.1. Low-end
4.3.2. Mid-range
4.3.3. High-end
5. Articulated Arm Machine Market: by End-use Application, 2020-2030, USD (Million)
5.1. Market Overview
5.2. Growth & Revenue Analysis: 2021 Versus 2030
5.3. Market Segmentation
5.3.1. Industrial Manufacturing
5.3.2. Automotive
5.3.3. Electrical & Electronics
5.3.4. Aerospace
5.3.5. Energy & Power
5.3.6. Others
6. North America Articulated Arm Machine Market, 2020-2030, USD (Million)
6.1. Market Overview
6.2. Articulated Arm Machine Market: by Price Range, 2020-2030, USD (Million)
6.3. Articulated Arm Machine Market: by End-use Application, 2020-2030, USD (Million)
6.4. Articulated Arm Machine Market: by Region, 2020-2030, USD (Million)
6.4.1. North America
6.4.1.1. U.S.
6.4.1.2. Canada
6.4.1.3. Rest of North America
7. UK and European Union Articulated Arm Machine Market, 2020-2030, USD (Million)
7.1. Market Overview
7.2. Articulated Arm Machine Market: by Price Range, 2020-2030, USD (Million)
7.3. Articulated Arm Machine Market: by End-use Application, 2020-2030, USD (Million)
7.4. Articulated Arm Machine Market: by Region, 2020-2030, USD (Million)
7.4.1. UK and European Union
7.4.1.1. UK
7.4.1.2. Germany
7.4.1.3. Spain
7.4.1.4. Italy
7.4.1.5. France
7.4.1.6. Rest of Europe
8. Asia Pacific Articulated Arm Machine Market, 2020-2030, USD (Million)
8.1. Market Overview
8.2. Articulated Arm Machine Market: by Price Range, 2020-2030, USD (Million)
8.3. Articulated Arm Machine Market: by End-use Application, 2020-2030, USD (Million)
8.4. Articulated Arm Machine Market: by Region, 2020-2030, USD (Million)
8.4.1. Asia Pacific
8.4.1.1. China
8.4.1.2. Japan
8.4.1.3. India
8.4.1.4. Australia
8.4.1.5. South Korea
8.4.1.6. Rest of Asia Pacific
9. Latin America Articulated Arm Machine Market, 2020-2030, USD (Million)
9.1. Market Overview
9.2. Articulated Arm Machine Market: by Price Range, 2020-2030, USD (Million)
9.3. Articulated Arm Machine Market: by End-use Application, 2020-2030, USD (Million)
9.4. Articulated Arm Machine Market: by Region, 2020-2030, USD (Million)
9.4.1. Latin America
9.4.1.1. Brazil
9.4.1.2. Mexico
9.4.1.3. Rest of Latin America
10. Middle East and Africa Articulated Arm Machine Market, 2020-2030, USD (Million)
10.1. Market Overview
10.2. Articulated Arm Machine Market: by Price Range, 2020-2030, USD (Million)
10.3. Articulated Arm Machine Market: by End-use Application, 2020-2030, USD (Million)
10.4. Articulated Arm Machine Market: by Region, 2020-2030, USD (Million)
10.4.1. Middle East and Africa
10.4.1.1. GCC
10.4.1.2. Africa
10.4.1.3. Rest of Middle East and Africa
11. Company Profiles
11.1. Hexagon AB
11.1.1. Company Overview
11.1.2. Financial Performance
11.1.3. Product Portfolio
11.1.4. Strategic Initiatives
11.2. FARO Technologies, Inc.
11.2.1. Company Overview
11.2.2. Financial Performance
11.2.3. Product Portfolio
11.2.4. Strategic Initiatives
11.3. Carl Zeiss AG
11.3.1. Company Overview
11.3.2. Financial Performance
11.3.3. Product Portfolio
11.3.4. Strategic Initiatives
11.4. Renishaw plc.
11.4.1. Company Overview
11.4.2. Financial Performance
11.4.3. Product Portfolio
11.4.4. Strategic Initiatives
11.5. Mitutoyo Corporation
11.5.1. Company Overview
11.5.2. Financial Performance
11.5.3. Product Portfolio
11.5.4. Strategic Initiatives
11.6. Nikon Metrology NV
11.6.1. Company Overview
11.6.2. Financial Performance
11.6.3. Product Portfolio
11.6.4. Strategic Initiatives
11.7. Semilab Zrt
11.7.1. Company Overview
11.7.2. Financial Performance
11.7.3. Product Portfolio
11.7.4. Strategic Initiatives
11.8. Optical Gaging Products, Inc.
11.8.1. Company Overview
11.8.2. Financial Performance
11.8.3. Product Portfolio
11.8.4. Strategic Initiatives
11.9. Trescal SA
11.9.1. Company Overview
11.9.2. Financial Performance
11.9.3. Product Portfolio
11.9.4. Strategic Initiatives
11.10. Optical Metrology Services (OMS) Ltd.
11.10.1. Company Overview
11.10.2. Financial Performance
11.10.3. Product Portfolio
11.10.4. Strategic InitiativesList of Figures
Figure 1. Global Articulated Arm Machine Market: Market Coverage
Figure 2. Research Methodology and Data Sources
Figure 3. Market Size Estimation - Top Down & Bottom-Up Approach
Figure 4. Global Articulated Arm Machine Market: Quality Assurance
Figure 5. Global Articulated Arm Machine Market, By Price Range, 2021
Figure 6. Global Articulated Arm Machine Market, By End-use Application, 2021
Figure 7. Global Articulated Arm Machine Market, By Geography, 2021
Figure 8. Global Articulated Arm Machine Market, By Price Range, 2021 vs 2030, %
Figure 9. Global Articulated Arm Machine Market, By End-use Application, 2021 vs 2030, %
Figure 10. U.S. Articulated Arm Machine Market (US$ Million), 2020-2030
Figure 11. Canada Articulated Arm Machine Market (US$ Million), 2020-2030
Figure 12. Rest of North America Articulated Arm Machine Market (US$ Million), 2020-2030
Figure 13. UK Articulated Arm Machine Market (US$ Million), 2020-2030
Figure 14. Germany Articulated Arm Machine Market (US$ Million), 2020-2030
Figure 15. Spain Articulated Arm Machine Market (US$ Million), 2020-2030
Figure 16. Italy Articulated Arm Machine Market (US$ Million), 2020-2030
Figure 17. France Articulated Arm Machine Market (US$ Million), 2020-2030
Figure 18. Rest of Europe Articulated Arm Machine Market (US$ Million), 2020-2030
Figure 19. China Articulated Arm Machine Market (US$ Million), 2020-2030
Figure 20. Japan Articulated Arm Machine Market (US$ Million), 2020-2030
Figure 21. India Articulated Arm Machine Market (US$ Million), 2020-2030
Figure 22. Australia Articulated Arm Machine Market (US$ Million), 2020-2030
Figure 23. South Korea Articulated Arm Machine Market (US$ Million), 2020-2030
Figure 24. Rest of Asia Articulated Arm Machine Market (US$ Million), 2020-2030
Figure 25. Brazil Articulated Arm Machine Market (US$ Million), 2020-2030
Figure 26. Mexico Articulated Arm Machine Market (US$ Million), 2020-2030
Figure 27. Rest of Latin America Articulated Arm Machine Market (US$ Million), 2020-2030
Figure 28. GCC Articulated Arm Machine Market (US$ Million), 2020-2030
Figure 29. Africa Articulated Arm Machine Market (US$ Million), 2020-2030
Figure 30. Rest of Middle East and Africa Articulated Arm Machine Market (US$ Million), 2020-2030List of Tables
Table 1 Global Articulated Arm Machine Market by Price Range, 2020-2030, USD (Million)
Table 2 Global Articulated Arm Machine Market by End-use Application, 2020-2030, USD (Million)
Table 3 North America Articulated Arm Machine Market by Price Range, 2020-2030, USD (Million)
Table 4 North America Articulated Arm Machine Market by End-use Application, 2020-2030, USD (Million)
Table 5 UK and European Union Articulated Arm Machine Market by Price Range, 2020-2030, USD (Million)
Table 6 UK and European Union Articulated Arm Machine Market by End-use Application, 2020-2030, USD (Million)
Table 7 Asia Pacific Articulated Arm Machine Market by Price Range, 2020-2030, USD (Million)
Table 8 Asia Pacific Articulated Arm Machine Market by End-use Application, 2020-2030, USD (Million)
Table 9 Latin America Articulated Arm Machine Market by Price Range, 2020-2030, USD (Million)
Table 10 Latin America Articulated Arm Machine Market by End-use Application, 2020-2030, USD (Million)
Table 11 Middle East and Africa Articulated Arm Machine Market by Price Range, 2020-2030, USD (Million)
Table 12 Middle East and Africa Articulated Arm Machine Market by End-use Application, 2020-2030, USD (Million)
Companies Mentioned
- Hexagon AB
- FARO Technologies Ltd.
- Carl Zeiss AG
- Renishaw PLC
- Mitutoyo Corporation
- Nikon Metrology NV
- Semilab Zrt
- Optical Gaging Products Ltd.
- Trescal SA
- Optical Metrology Services (OMS) Ltd.
