Touch Probe - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Touch Probe Market is accounted for $572.24 million in 2019 and is expected to reach $905.20 million by 2027 growing at a CAGR of 5.9% during the forecast period. Some of the key factors propelling the market growth include rise in industry safety standards, increasing automation in automotive manufacturing, robust features of touch probe helping in the measurement of 3D part geometries, and high accuracy integrated with radio signal transmission. However, high costs involved in installation of touch probes are restraining the market growth.
A touch probe is a technology that allows machine tools to achieve geometrical measurements within its working bed. It acts as a high precision switch, and when it is combined with a machine manufacturing process, it can determine workpiece and tool sizes and trace part locations. Hence, this technology improves productivity, enhances workpiece quality, and reduces an operator's set-up time. The robust design of optical transmission touch probe with vigorous build and resistance to ambient conditions helps its use in rugged manufacturing conditions in the aerospace and automotive industries.
By end user, the automotive industry is expected to grow at the significant rate during the forecast period. The growth of electric vehicles and autonomous vehicles is expected to fuel the demand for new automotive components and improved engine designs. The manufacturing of an automobile involves a large variety of automotive parts to be manufactured. The company’s manufacturing these parts make use of touch probe in CNC machines to assist the manufacturing quality of forged metal parts. The forged metal parts manufactured with the help of touch probes include forged wheels and car chassis. Thus, the growing automotive production across the world is driving the growth of the touch probe market.
On the basis of geography, Asia Pacific region is expected to have considerable market growth during the forecast period, due to rapid industrialization and increasing automation. The touch probe is being majorly used in CNC machining centers for precise manufacturing of various metal parts used in industries such as automotive, aerospace & defense, medical devices, and electronics manufacturing. Owing to the high consumption of consumer products, there is a huge demand for manufacturing in the APAC region. These factors are fueling the adoption of CNC machining centers in APAC and along with the market of touch probes.
Some of the key players in touch probe market include J&M Precision Products, P-Tech Industries, Hexagon, Marposs, Carl Zeiss, Dr. Johannes Heidenhain, Tormach, Blum-Novotest, Metrol, Renishaw, Right to Win, DRO PROS, Haff & Schneider, Kriatec Services, Mahr, Capture 3D, Centroid, DP Technology, Micro-Vu, and Quality Vision International.
Transmissions Covered:
• Radio
• Optical
• Hard-Wired
Types Covered:
• Tool-Length Measuring Probes
• 3D Touch Probes
• Tool Touch-off Probes
• 2D Spindle Probes
Offering Covered:
• Software
• Hardware
Applications Covered:
• CNC Turning Centers
• CNC Machining Centers
• Machine Tools
• Coordinate Measuring Machine
End Users Covered:
• Medical Devices
• Oil & Gas
• Automotive
• Aerospace & Defense
• Electronics Manufacturing
• Other End Users
Axes Measurements Covered:
• 5-Axis Touch Probes
• 3-Axis Touch Probes
Measurement Technologies Covered:
• Strain Gauge Touch Probes
• Optical Touch Probes
• Kinematic Resistive Touch Probes
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
France
Italy
UK
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
• Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
- 1 Executive Summary
- 2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
- 3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 End User Analysis
- 3.8 Technology Analysis
- 3.9 Emerging Markets
- 3.10 Impact of Covid-19
- 4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
- 5 Global Touch Probe Market, By Transmission
- 5.1 Introduction
- 5.2 Radio
- 5.3 Optical
- 5.4 Hard-Wired
- 6 Global Touch Probe Market, By Type
- 6.1 Introduction
- 6.2 Tool-Length Measuring Probes
- 6.3 3D Touch Probes
- 6.4 Tool Touch-off Probes
- 6.5 2D Spindle Probes
- 7 Global Touch Probe Market, By Offering
- 7.1 Introduction
- 7.2 Software
- 7.3 Hardware
- 7.3.1 Signal Cables
- 7.3.2 Optical Machine Probes (OMPS)
- 7.3.3 Styli
- 7.3.4 Measuring Units
- 7.3.5 Battery Compartments
- 7.3.6 Shanks
- 8 Global Touch Probe Market, By Application
- 8.1 Introduction
- 8.2 CNC Turning Centers
- 8.3 CNC Machining Centers
- 8.3.1 CNC Vertical Machining Centers
- 8.3.2 CNC Horizontal Machining Centers
- 8.4 Machine Tools
- 8.5 Coordinate Measuring Machine
- 9 Global Touch Probe Market, By End User
- 9.1 Introduction
- 9.2 Medical Devices
- 9.3 Oil & Gas
- 9.4 Automotive
- 9.5 Aerospace & Defense
- 9.6 Electronics Manufacturing
- 9.7 Other End Users
- 9.7.1 General Manufacturing
- 9.7.2 Power Generaton
- 10 Global Touch Probe Market, By Axes Mesurement
- 10.1 Introduction
- 10.2 5-Axis Touch Probes
- 10.3 3-Axis Touch Probes
- 11 Global Touch Probe Market, By Mesurement Technology
- 11.1 Introduction
- 11.2 Strain Gauge Touch Probes
- 11.3 Optical Touch Probes
- 11.4 Kinematic Resistive Touch Probes
- 12 Global Touch Probe Market, By Geography
- 12.1 Introduction
- 12.2 North America
- 12.2.1 US
- 12.2.2 Canada
- 12.2.3 Mexico
- 12.3 Europe
- 12.3.1 Germany
- 12.3.2 UK
- 12.3.3 Italy
- 12.3.4 France
- 12.3.5 Spain
- 12.3.6 Rest of Europe
- 12.4 Asia Pacific
- 12.4.1 Japan
- 12.4.2 China
- 12.4.3 India
- 12.4.4 Australia
- 12.4.5 New Zealand
- 12.4.6 South Korea
- 12.4.7 Rest of Asia Pacific
- 12.5 South America
- 12.5.1 Argentina
- 12.5.2 Brazil
- 12.5.3 Chile
- 12.5.4 Rest of South America
- 12.6 Middle East & Africa
- 12.6.1 Saudi Arabia
- 12.6.2 UAE
- 12.6.3 Qatar
- 12.6.4 South Africa
- 12.6.5 Rest of Middle East & Africa
- 13 Key Developments
- 13.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 13.2 Acquisitions & Mergers
- 13.3 New Product Launch
- 13.4 Expansions
- 13.5 Other Key Strategies
- 14 Company Profiling
- 14.1 J&M Precision Products
- 14.2 P-Tech Industries
- 14.3 Hexagon
- 14.4 Marposs
- 14.5 Carl Zeiss
- 14.6 Dr. Johannes Heidenhain
- 14.7 Tormach
- 14.8 Blum-Novotest
- 14.9 Metrol
- 14.10 Renishaw
- 14.11 Right to Win
- 14.12 DRO PROS
- 14.13 Haff & Schneider
- 14.14 Kriatec Services
- 14.15 Mahr
- 14.16 Capture 3D
- 14.17 Centroid
- 14.18 DP Technology
- 14.19 Micro-Vu
- 14.20 Quality Vision International
- List of Tables
- Table 1 Global Touch Probe Market Outlook, By Region (2018-2027) ($MN)
- Table 2 Global Touch Probe Market Outlook, By Transmission (2018-2027) ($MN)
- Table 3 Global Touch Probe Market Outlook, By Radio (2018-2027) ($MN)
- Table 4 Global Touch Probe Market Outlook, By Optical (2018-2027) ($MN)
- Table 5 Global Touch Probe Market Outlook, By Hard-Wired (2018-2027) ($MN)
- Table 6 Global Touch Probe Market Outlook, By Type (2018-2027) ($MN)
- Table 7 Global Touch Probe Market Outlook, By Tool-Length Measuring Probes (2018-2027) ($MN)
- Table 8 Global Touch Probe Market Outlook, By 3D Touch Probes (2018-2027) ($MN)
- Table 9 Global Touch Probe Market Outlook, By Tool Touch-off Probes (2018-2027) ($MN)
- Table 10 Global Touch Probe Market Outlook, By 2D Spindle Probes (2018-2027) ($MN)
- Table 11 Global Touch Probe Market Outlook, By Offering (2018-2027) ($MN)
- Table 12 Global Touch Probe Market Outlook, By Software (2018-2027) ($MN)
- Table 13 Global Touch Probe Market Outlook, By Hardware (2018-2027) ($MN)
- Table 14 Global Touch Probe Market Outlook, By Signal Cables (2018-2027) ($MN)
- Table 15 Global Touch Probe Market Outlook, By Optical Machine Probes (OMPS) (2018-2027) ($MN)
- Table 16 Global Touch Probe Market Outlook, By Styli (2018-2027) ($MN)
- Table 17 Global Touch Probe Market Outlook, By Measuring Units (2018-2027) ($MN)
- Table 18 Global Touch Probe Market Outlook, By Battery Compartments (2018-2027) ($MN)
- Table 19 Global Touch Probe Market Outlook, By Shanks (2018-2027) ($MN)
- Table 20 Global Touch Probe Market Outlook, By Application (2018-2027) ($MN)
- Table 21 Global Touch Probe Market Outlook, By CNC Turning Centers (2018-2027) ($MN)
- Table 22 Global Touch Probe Market Outlook, By CNC Machining Centers (2018-2027) ($MN)
- Table 23 Global Touch Probe Market Outlook, By CNC Vertical Machining Centers (2018-2027) ($MN)
- Table 24 Global Touch Probe Market Outlook, By CNC Horizontal Machining Centers (2018-2027) ($MN)
- Table 25 Global Touch Probe Market Outlook, By Machine Tools (2018-2027) ($MN)
- Table 26 Global Touch Probe Market Outlook, By Coordinate Measuring Machine (2018-2027) ($MN)
- Table 27 Global Touch Probe Market Outlook, By End User (2018-2027) ($MN)
- Table 28 Global Touch Probe Market Outlook, By Medical Devices (2018-2027) ($MN)
- Table 29 Global Touch Probe Market Outlook, By Oil & Gas (2018-2027) ($MN)
- Table 30 Global Touch Probe Market Outlook, By Automotive (2018-2027) ($MN)
- Table 31 Global Touch Probe Market Outlook, By Aerospace & Defense (2018-2027) ($MN)
- Table 32 Global Touch Probe Market Outlook, By Electronics Manufacturing (2018-2027) ($MN)
- Table 33 Global Touch Probe Market Outlook, By Other End Users (2018-2027) ($MN)
- Table 34 Global Touch Probe Market Outlook, By General Manufacturing (2018-2027) ($MN)
- Table 35 Global Touch Probe Market Outlook, By Power Generaton (2018-2027) ($MN)
- Table 36 Global Touch Probe Market Outlook, By Axes Mesurement (2018-2027) ($MN)
- Table 37 Global Touch Probe Market Outlook, By 5-Axis Touch Probes (2018-2027) ($MN)
- Table 38 Global Touch Probe Market Outlook, By 3-Axis Touch Probes (2018-2027) ($MN)
- Table 39 Global Touch Probe Market Outlook, By Mesurement Technology (2018-2027) ($MN)
- Table 40 Global Touch Probe Market Outlook, By Strain Gauge Touch Probes (2018-2027) ($MN)
- Table 41 Global Touch Probe Market Outlook, By Optical Touch Probes (2018-2027) ($MN)
- Table 42 Global Touch Probe Market Outlook, By Kinematic Resistive Touch Probes (2018-2027) ($MN)
- Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
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