The global coordinate measuring machine (CMM) market in the automotive industry is expected to reach $1.278 billion by 2021. The global CMM market as a whole is expected to grow at a CAGR of more than seven percent between now and 2021. The primary drivers are 3D inspection of products using CMMs, rising electric vehicle sales and the increasing use of metrology in the power sector.
To help promote education about 5-axis coordinate measuring machines, we held a Metrology Forum at our facility in October. Visitors got the chance to see firsthand the unique technology behind our 5-axis LM and HB CMMs. We delivered a 5-axis Revolution Series HB CMM to the Technological University of Chihuahua (UTCH) in 2019 and will ship 16 additional HBs to campus locations across Mexico in 2020. The institution offers accelerated two-year programs in the fields of science and technology.
We expanded our network for service and support by signing Motch & Eichele as our exclusive distributor for the territories of Ohio, Kentucky and Western Pennsylvania. AIMS products will include our laboratory-grade LM equipped with Renishaw’s 5-axis REVO 2 scanning head and SFP2 probe and the our Revolution Series HB, [the industry’s only mobile 5-axis CMM] built and designed with Renishaw’s PH20 5-axis touch trigger system. Motch & Eichele will also offer our Renishaw Equator 300 gauging system for manual and automated application.
This year we’ve also been putting the pieces in place to make two major new equipment announcements in 2020.
As the year comes to a close we would like to thank our customers for partnering on the projects that took place over the last 12 months and our team of associates for their hard work. We wish each you and your families a Happy New Year.