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

“Touch probe market to exhibit significant growth during 2020–2025”
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.

Profile break-up of primary participants for the report is given below:
‧ By Company Type – Tier 1 = 40%, Tier 2 = 35%, and Tier 3 = 25%
‧ By Designation – C-Level = 48%, Director Level = 33%, and Manager Level = 19%
‧ By Region – North America = 35%, Europe = 18%, APAC = 40%, and RoW = 7%
Key players in the market include Renishaw (UK), Hexagon (Sweden), DR. Johannes Heidenhain (Germany), Blum-Novotest (Germany), Tormach (Australia), Metrol (Japan), Marposs (Italy), Carl Zeiss (Germany), P-Tech Industries (India), J&M Precision Products (US).
The global touch probe market is segmented into type, transmission, application, offering, industry, and geography. The market based on type is segmented into 3D touch probes, 2D spindle probes, tool-length measuring probes, and tool touch-off probes. Based on transmission, the touch probe market has been split into optical, radio, and hard-wired. Based on application, the touch probe market is segmented into CNC machining centers, CNC turning centers, and others. Based on offering, the touch probe market has been split into hardware and software. Industries that are included in the study of the touch probe market include automotive, aerospace & defense, electronics manufacturing, medical devices, oil & gas, and others. The touch probe market is segmented into 4 regions—North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW).


Reasons to buy the report:
‧ Illustrative segmentation, analysis, and forecast for markets based on type, transmission, application, offering, industry, and region have been conducted to give an overall view of the touch probe market.
‧ The value chain analysis has been performed to provide an in-depth insight into the touch probe market.
‧ Major drivers, restraints, opportunities, and challenges pertaining to the touch probe market have been detailed in this report.
‧ The report includes a detailed competitive landscape along with key players, in-depth analysis, and revenue of key players.

TABLE OF CONTENTS

1 INTRODUCTION 18
1.1 STUDY OBJECTIVES 18
1.2 MARKET DEFINITION AND SCOPE 18
1.3 INCLUSIONS AND EXCLUSIONS 19
1.4 STUDY SCOPE 19
1.4.1 MARKETS COVERED 19
1.4.2 YEARS CONSIDERED 20
1.5 CURRENCY 20
1.6 LIMITATIONS 20
1.7 MARKET STAKEHOLDERS 20
2 RESEARCH METHODOLOGY 21
2.1 RESEARCH DATA 21
2.1.1 SECONDARY DATA 22
2.1.1.1 List of major secondary sources 22
2.1.1.2 Key data from secondary sources 22
2.1.2 PRIMARY DATA 23
2.1.2.1 Breakdown of primaries 23
2.1.2.2 Key data from primary sources 23
2.1.3 SECONDARY AND PRIMARY RESEARCH 24
2.1.3.1 Key industry insights 25
2.2 MARKET SIZE ESTIMATION 25
2.2.1 BOTTOM-UP APPROACH 26
2.2.1.1 Approach for arriving at market size using bottom-up analysis 26
2.2.2 TOP-DOWN APPROACH 27
2.2.2.1 Approach for arriving at market size using bottom-up analysis 27
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 28
2.4 RESEARCH ASSUMPTIONS 29
3 EXECUTIVE SUMMARY 30
4 PREMIUM INSIGHTS 34
4.1 TOUCH PROBE MARKET, 2020–2025 (USD MILLION) 34
4.2 TOUCH PROBE MARKET, BY TYPE 34
4.3 TOUCH PROBE MARKET, BY TRANSMISSION 35
4.4 TOUCH PROBE MARKET, BY OFFERING 35
4.5 TOUCH PROBE MARKET, BY INDUSTRY AND REGION 36
4.6 TOUCH PROBE MARKET, BY GEOGRAPHY 37
5 MARKET OVERVIEW 38
5.1 INTRODUCTION 38
5.2 MARKET DYNAMICS 38
5.2.1 DRIVERS 39
5.2.1.1 Low-cost 3D scanning of workpieces offered by touch probes 39
5.2.1.2 Improved industry safety standards leading to adoption of touch probes in various industries 39
5.2.1.3 Automation of automotive industry 39
5.2.2 RESTRAINTS 40
5.2.2.1 Increased adoption of 3D laser scanners 40
5.2.3 OPPORTUNITIES 41
5.2.3.1 Rise in demand for CNC machining centers from different industries 41
5.2.4 CHALLENGES 42
5.2.4.1 Sluggish growth of global oil & gas industry 42
5.2.4.2 High costs involved in installation of touch probes and requirement of skilled professionals to operate them 43
5.3 VALUE CHAIN ANALYSIS 45
6 TOUCH PROBE MARKET, BY TYPE 46
6.1 INTRODUCTION 47
6.2 3D TOUCH PROBES 48
6.2.1 3D TOUCH PROBES SEGMENT HELD THE LARGEST SHARE OF TOUCH PROBE MARKET IN 2019 48
6.3 2D SPINDLE PROBES 51
6.3.1 OPTICAL TRANSMISSION SEGMENT OF 2D SPINDLE PROBES MARKET PROJECTED TO GROW AT THE HIGHEST CAGR FROM 2020 TO 2025 51
6.4 TOOL-LENGTH MEASURING PROBES 54
6.4.1 HARD-WIRED SEGMENT HELD THE LARGEST SHARE OF TOOL LENGTH MEASURING PROBES MARKET IN 2019 54
6.5 TOOL TOUCH-OFF PROBES 58
6.5.1 HARDWARE SEGMENT EXPECTED TO HOLD A LARGER SHARE OF TOOL TOUCH-OFF PROBES MARKET THAN SOFTWARE SEGMENT FROM
2020 TO 2025 58
7 TOUCH PROBE MARKET, BY TRANSMISSION 62
7.1 INTRODUCTION 63
7.2 HARD-WIRED 64
7.2.1 HARD-WIRED SEGMENT PROJECTED TO HOLD THE LARGEST SIZE OF TOUCH PROBE MARKET FROM 2020 TO 2025 64
7.3 RADIO 66
7.3.1 3D TOUCH PROBES SEGMENT PROJECTED TO HOLD LARGEST SIZE OF RADIO TRANSMISSION TOUCH PROBE MARKET FROM 2020 TO 2025 66
7.4 OPTICAL 68
7.4.1 OPTICAL SEGMENT OF TOUCH PROBE MARKET PROJECTED TO GROW AT THE HIGHEST CAGR FROM 2020 TO 2025 68
8 TOUCH PROBE MARKET, BY OFFERING 70
8.1 INTRODUCTION 71
8.2 HARDWARE 72
8.2.1 HARDWARE SEGMENT TO HOLD A LARGER SIZE OF TOUCH PROBE MARKET THAN SOFTWARE SEGMENT FROM 2020 TO 2025 72
8.2.1.1 Styli 72
8.2.1.2 Measuring units 72
8.2.1.3 Battery compartments 72
8.2.1.4 Shanks 72
8.2.1.5 Signal cables 72
8.2.1.6 Optical Machine Probes (OMPs) 72
8.3 SOFTWARE 73
8.3.1 SOFTWARE SEGMENT OF TOUCH PROBE MARKET TO GROW AT A HIGHER CAGR THAN HARDWARE SEGMENT FROM 2020 TO 2025 73
9 APPLICATIONS OF TOUCH PROBES 75
9.1 INTRODUCTION 75
9.2 CNC MACHINING CENTERS 75
9.2.1 PREFERENCE FOR CNC MACHINING CENTERS IN MANUFACTURING INDUSTRY AND MACHINE SHOPS FOR DEVELOPING PARTS OF ACCURATE SIZES AND SHAPES 75
9.2.1.1 CNC vertical machining centers 75
9.2.1.2 CNC horizontal machining centers 76
9.3 CNC TURNING CENTERS 76
9.3.1 EMERGENCE OF CNC TURNING CENTERS AS MOST SUITABLE OPTION FOR LARGE-SCALE PRODUCTION 76
9.4 OTHERS 76
10 AXES MEASUREMENT IN TOUCH PROBES 77
10.1 INTRODUCTION 77
10.2 3-AXIS TOUCH PROBES 77
10.2.1 3-AXIS TOUCH PROBES SEGMENT HELD A LARGER SHARE OF TOUCH PROBE MARKET THAN 5-AXIS TOUCH PROBES SEGMENT IN 2019 77
10.3 5-AXIS TOUCH PROBES 77
10.3.1 INCREASE IN USE OF 5-AXIS TOUCH PROBES FOR HIGHLY PRECISE EVALUATION OF WORKPIECES 77
11 MEASURING TECHNOLOGIES USED IN TOUCH PROBES 78
11.1 INTRODUCTION 78
11.2 OPTICAL TOUCH PROBES 78
11.2.1 OPTICAL TOUCH PROBES SEGMENT HELD THE LARGEST SHARE OF TOUCH PROBE MARKET IN 2019 78
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11.3 KINEMATIC RESISTIVE TOUCH PROBES 79
11.3.1 EMERGENCE OF KINEMATIC RESISTIVE TOUCH PROBES AS THE SIMPLEST TOUCH PROBES USED IN DIFFERENT APPLICATIONS 79
11.4 STRAIN GAUGE TOUCH PROBES 79
11.4.1 STRAIN GAUGE TOUCH PROBES ARE MORE COMPLICATED THAN RESISTIVE TOUCH PROBES 79
12 TOUCH PROBE MARKET, BY INDUSTRY 80
12.1 INTRODUCTION 81
12.2 AUTOMOTIVE 82
12.2.1 AUTOMOTIVE SEGMENT PROJECTED TO LEAD TOUCH PROBE MARKET FROM 2020 TO 2025 82
12.3 AEROSPACE & DEFENSE 86
12.3.1 NORTH AMERICA TO ACCOUNT FOR THE LARGEST SIZE OF TOUCH PROBE MARKET FOR AEROSPACE & DEFENSE FROM 2020 TO 2025 86
12.4 ELECTRONICS MANUFACTURING 89
12.4.1 APAC TO HOLD THE LARGEST SIZE OF TOUCH PROBE MARKET FOR ELECTRONICS MANUFACTURING FROM 2020 TO 2025 89
12.5 MEDICAL DEVICES 93
12.5.1 NORTH AMERICA TO HOLD THE LARGEST SIZE OF TOUCH PROBE MARKET FOR MEDICAL DEVICES FROM 2020 TO 2025 93
12.6 OIL & GAS 96
12.6.1 3D TOUCH PROBES SEGMENT PROJECTED TO ACCOUNT FOR THE LARGEST SIZE OF TOUCH PROBE MARKET FOR OIL & GAS FROM 2020 TO 2025 96
12.7 OTHERS 99
13 GEOGRAPHIC ANALYSIS 103
13.1 INTRODUCTION 104
13.2 NORTH AMERICA 105
13.2.1 US 106
13.2.1.1 US to hold the largest size of touch probe market in North America from 2020 to 2025 106
13.2.2 CANADA 107
13.2.2.1 Oil & gas industry of Canada expected to support growth of touch probe market in country 107
13.2.3 MEXICO 107
13.2.3.1 Low-cost manufacturing of aircraft-related products in Mexico to fuel growth of touch probe market in country 107
13.3 EUROPE 109
13.3.1 GERMANY 110
13.3.1.1 Germany projected to account for the largest size of touch probe market in Europe from 2020 to 2025 110
13.3.2 ITALY 110
13.3.2.1 Increased demand for touch probes from automotive industry to fuel the growth of touch probe market in Italy 110
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13.3.3 FRANCE 111
13.3.3.1 Rise in demand for touch probes from aerospace industry of France expected to fuel growth of touch probe market in country 111
13.3.4 UK 111
13.3.4.1 Flourished manufacturing sector of UK projected to contribute to growth of touch probe market in country 111
13.3.5 REST OF EUROPE (ROE) 111
13.4 APAC 114
13.4.1 CHINA 115
13.4.1.1 China to hold the largest share of touch probe market in APAC from 2020 to 2025 115
13.4.2 JAPAN 115
13.4.2.1 Rise in demand for touch probes in electronics manufacturing industry projected to fuel growth of touch probe market in Japan 115
13.4.3 SOUTH KOREA 115
13.4.3.1 Flourished automotive industry of South Korea leading to growth of touch probe market in country 115
13.4.4 INDIA 115
13.4.4.1 Touch probe market in India projected to grow at the highest rate from 2020 to 2025 115
13.4.5 REST OF APAC (ROAPAC) 116
13.5 ROW 118
13.5.1 SOUTH AMERICA 118
13.5.1.1 South America projected to hold the largest size of touch probe market in RoW 118
13.5.2 MIDDLE EAST 118
13.5.2.1 Flourished oil & gas industry in Middle East to fuel growth of touch probe market in region from 2020 to 2025 118
13.5.3 AFRICA 119
13.5.3.1 Increased number of manufacturing activities in Africa to support growth of touch probe market in region 119
14 COMPETITIVE LANDSCAPE 121
14.1 OVERVIEW 121
14.2 RANKING OF PLAYERS IN TOUCH PROBE MARKET 122
14.3 COMPETITIVE LEADERSHIP MAPPING 123
14.3.1 VISIONARY LEADERS 123
14.3.2 DYNAMIC DIFFERENTIATORS 123
14.3.3 INNOVATORS 123
14.3.4 EMERGING COMPANIES 123
14.4 COMPETITIVE SITUATIONS & TRENDS 125
14.4.2 EXPANSIONS AND PARTNERSHIPS 127
14.4.3 ACQUISITIONS 127
14.4.4 CONTRACTS AND AGREEMENTS 128
15 COMPANY PROFILES 129
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
15.1 KEY PLAYERS 129
15.1.1 BLUM-NOVOTEST 129
15.1.2 HEXAGON 132
15.1.3 MARPOSS 135
15.1.4 METROL 137
15.1.5 RENISHAW 139
15.1.6 CARL ZEISS 143
15.1.7 DR. JOHANNES HEIDENHAIN 145
15.1.8 J&M PRECISION PRODUCTS 146
15.1.9 P-TECH INDUSTRIES 147
15.1.10 TORMACH 148
15.2 RIGHT TO WIN 149
15.3 OTHER KEY PLAYERS 150
15.3.1 CAPTURE 3D 150
15.3.2 CENTROID 150
15.3.3 DP TECHNOLOGY 151
15.3.4 DRO PROS 151
15.3.5 HAFF & SCHNEIDER 152
15.3.6 KRIATEC SERVICES 152
15.3.7 MAHR 153
15.3.8 MICRO-VU 153
15.3.9 QUALITY VISION INTERNATIONAL 154
15.3.10 VICI & C 154
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.
16 APPENDIX 155
16.1 INSIGHTS OF INDUSTRY EXPERTS 155
16.2 DISCUSSION GUIDE 155
16.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 158
16.4 AVAILABLE CUSTOMIZATIONS 160
16.5 RELATED REPORTS 160
16.6 AUTHOR DETAILS 161