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Touch Probe Market to Exhibit Significant Growth During 2020-2025: Expected to Reach USD 736 Million by 2025 with a CAGR of 4% - ResearchAndMarkets.com

January 22, 2020 GMT

DUBLIN--(BUSINESS WIRE)--Jan 22, 2020--

The “Touch Probe Market by Type (3D, 2D, Tool-length Measuring, Tool Touch-off), Transmission (Optical, Radio, Hard-wired), Application (CNC Machining, CNC Turning, Others), Offering, Industry, and Region - Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.

The touch probe market is estimated to reach USD 736 million by 2025 from USD 606 million in 2020 at a CAGR of 4.0%.

The growth of this market is attributed to robust features of touch probe aiding in measurement of 3D part geometries, rise in industry safety standards, and increasing automation in automotive manufacturing. However, factors such as increasing adoption of 3D laser scanners, need of skilled professionals for implementation, and operation of touch probe systems are restraining the market growth.

Optical touch probe market to grow at highest CAGR during forecast period.

Touch probes with optical transmission aid in the operations of the machining center more efficiently, thereby reducing cycle times and the percentage of rejects. The compact design of optical transmission touch probe with robust build and resistance to ambient conditions aids its use in rugged manufacturing conditions in the automotive and aerospace industries. The optical transmission touch probe also aids in managing multiple touch probes with the use of single receiver, thus simplifying the machining design system. These factors influence end-users from manufacturing industries to adopt optical touch probes in their machining centers.

CNC machining center application market to grow at highest CAGR during forecast period.

The CNC machining center comprises an automatic tool changer and a table that holds the workpiece in place. On the CNC machining center, the machine tool rotates, but the workpiece or the product remains at the same place. Machining processes such as milling, drilling, tapping, and boring, which have traditionally been done on conventional machine tools, can be done more efficiently with the help of CNC machining centers. The growth of this market is driven by the growing focus of manufacturers on investing in technologies to develop innovative, energy-efficient, and advanced CNC solutions for the end-users.

APAC to be largest market for touch probe during forecast period.

APAC is expected to lead the touch probe market, in terms of size, from 2020 to 2025. China and South Korea are the major markets for touch probes. Countries in APAC such as China, Japan, and South Korea are home to major automotive manufacturers and suppliers. The demand for automated equipment such as CNC machining in the automotive industry is on the rise. Furthermore, the market of medical devices in the APAC region is in the growth stage. Established medical device providers, as well as new manufacturers in APAC, are constantly trying to innovate and reduce the cost of production. These factors are driving the demand for CNC machining centers in the APAC region and thus drive the market of touch probe in this region for the next few years.

Reasons to buy the report:

Key Topics Covered:

1 Introduction

1.1 Study Objectives

1.2 Market Definition and Scope

1.3 Inclusions and Exclusions

1.4 Study Scope

1.5 Currency

1.6 Limitations

1.7 Market Stakeholders

2 Research Methodology

2.1 Research Data

2.2 Market Size Estimation

2.3 Market Breakdown and Data Triangulation

2.4 Research Assumptions

3 Executive Summary

4 Premium Insights

4.1 Touch Probe Market, 2020-2025 (USD Million)

4.2 Market, By Type

4.3 Market, By Transmission

4.4 Market, By Offering

4.5 Market, By Industry and Region

4.6 Market, By Geography

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

5.3 Value Chain Analysis

6 Touch Probe Market, By Type

6.1 Introduction

6.2 3D Touch Probes

6.3 2D Spindle Probes

6.4 Tool-Length Measuring Probes

6.5 Tool Touch-Off Probes

7 Touch Probe Market, By Transmission

7.1 Introduction

7.2 Hard-Wired

7.3 Radio

7.4 Optical

8 Touch Probe Market, By Offering

8.1 Introduction

8.2 Hardware

8.3 Software

9 Applications of Touch Probes

9.1 Introduction

9.2 Cnc Machining Centers

9.3 Cnc Turning Centers

9.4 Others

10 Axes Measurement in Touch Probes

10.1 Introduction

10.2 3-Axis Touch Probes

10.3 5-Axis Touch Probes

11 Measuring Technologies Used in Touch Probes

11.1 Introduction

11.2 Optical Touch Probes

11.3 Kinematic Resistive Touch Probes

11.4 Strain Gauge Touch Probes

12 Touch Probe Market, By Industry

12.1 Introduction

12.2 Automotive

12.3 Aerospace & Defense

12.4 Electronics Manufacturing

12.5 Medical Devices

12.6 Oil & Gas

12.7 Others

13 Geographic Analysis

13.1 Introduction

13.2 North America

13.3 Europe

13.4 APAC

13.5 RoW

14 Competitive Landscape

14.1 Overview

14.2 Ranking of Players in Touch Probe Market

14.3 Competitive Leadership Mapping

14.4 Competitive Situations & Trends

15 Company Profiles

15.1 Key Players

15.1.1 Blum-Novotest

15.1.2 Hexagon

15.1.3 Marposs

15.1.4 Metrol

15.1.5 Renishaw

15.1.6 Carl Zeiss

15.1.7 Dr. Johannes Heidenhain

15.1.8 J&M Precision Products

15.1.9 P-Tech Industries

15.1.10 Tormach

15.2 Right to Win

15.3 Other Key Players

15.3.1 Capture 3D

15.3.2 Centroid

15.3.3 DP Technology

15.3.4 DRO PROS

15.3.5 Haff & Schneider

15.3.6 Kriatec Services

15.3.7 Mahr

15.3.8 Micro-Vu

15.3.9 Quality Vision International

15.3.10 Vici & C

For more information about this report visit https://www.researchandmarkets.com/r/s1b4yl

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PUB: 01/22/2020 12:23 PM/DISC: 01/22/2020 12:23 PM

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