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Touch Probe Market

Touch Probe - Global Market Outlook (2019-2027)

4.9 (65 reviews)
Published: July 2020 ID: SMRC19629
4.9 (65 reviews)
Published: July 2020 ID: SMRC19629

This report covers the impact of COVID-19 on this global market

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
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK 
o Spain 
o Rest of Europe      
• Asia Pacific
o Japan       
o China       
o India       
o Australia       
o New Zealand       
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o 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
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliance

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       
1 Global Touch Probe Market Outlook, By Region (2018-2027) ($MN)      
2 Global Touch Probe Market Outlook, By Transmission (2018-2027) ($MN)      
3 Global Touch Probe Market Outlook, By Radio (2018-2027) ($MN)       
4 Global Touch Probe Market Outlook, By Optical (2018-2027) ($MN)      
5 Global Touch Probe Market Outlook, By Hard-Wired (2018-2027) ($MN)      
6 Global Touch Probe Market Outlook, By Type (2018-2027) ($MN)      
7 Global Touch Probe Market Outlook, By Tool-Length Measuring Probes (2018-2027) ($MN)      
8 Global Touch Probe Market Outlook, By 3D Touch Probes (2018-2027) ($MN)      
9 Global Touch Probe Market Outlook, By Tool Touch-off Probes (2018-2027) ($MN)      
10 Global Touch Probe Market Outlook, By 2D Spindle Probes (2018-2027) ($MN)      
11 Global Touch Probe Market Outlook, By Offering (2018-2027) ($MN)      
12 Global Touch Probe Market Outlook, By Software (2018-2027) ($MN)      
13 Global Touch Probe Market Outlook, By Hardware (2018-2027) ($MN)      
14 Global Touch Probe Market Outlook, By Signal Cables (2018-2027) ($MN)      
15 Global Touch Probe Market Outlook, By Optical Machine Probes (OMPS) (2018-2027) ($MN)      
16 Global Touch Probe Market Outlook, By Styli (2018-2027) ($MN)      
17 Global Touch Probe Market Outlook, By Measuring Units (2018-2027) ($MN)      
18 Global Touch Probe Market Outlook, By Battery Compartments (2018-2027) ($MN)      
19 Global Touch Probe Market Outlook, By Shanks (2018-2027) ($MN)       
20 Global Touch Probe Market Outlook, By Application (2018-2027) ($MN)      
21 Global Touch Probe Market Outlook, By CNC Turning Centers (2018-2027) ($MN)      
22 Global Touch Probe Market Outlook, By CNC Machining Centers (2018-2027) ($MN)       
23 Global Touch Probe Market Outlook, By CNC Vertical Machining Centers (2018-2027) ($MN)      
24 Global Touch Probe Market Outlook, By CNC Horizontal Machining Centers (2018-2027) ($MN)      
25 Global Touch Probe Market Outlook, By Machine Tools (2018-2027) ($MN)      
26 Global Touch Probe Market Outlook, By Coordinate Measuring Machine (2018-2027) ($MN)      
27 Global Touch Probe Market Outlook, By End User (2018-2027) ($MN)      
28 Global Touch Probe Market Outlook, By Medical Devices (2018-2027) ($MN)      
29 Global Touch Probe Market Outlook, By Oil & Gas (2018-2027) ($MN)      
30 Global Touch Probe Market Outlook, By Automotive (2018-2027) ($MN)      
31 Global Touch Probe Market Outlook, By Aerospace & Defense (2018-2027) ($MN)       
32 Global Touch Probe Market Outlook, By Electronics Manufacturing (2018-2027) ($MN)      
33 Global Touch Probe Market Outlook, By Other End Users (2018-2027) ($MN)      
34 Global Touch Probe Market Outlook, By General Manufacturing (2018-2027) ($MN)      
35 Global Touch Probe Market Outlook, By Power Generaton (2018-2027) ($MN)      
36 Global Touch Probe Market Outlook, By Axes Mesurement (2018-2027) ($MN)      
37 Global Touch Probe Market Outlook, By 5-Axis Touch Probes (2018-2027) ($MN)       
38 Global Touch Probe Market Outlook, By 3-Axis Touch Probes (2018-2027) ($MN)      
39 Global Touch Probe Market Outlook, By Mesurement Technology (2018-2027) ($MN)      
40 Global Touch Probe Market Outlook, By Strain Gauge Touch Probes (2018-2027) ($MN)      
41 Global Touch Probe Market Outlook, By Optical Touch Probes (2018-2027) ($MN)      
42 Global Touch Probe Market Outlook, By Kinematic Resistive Touch Probes (2018-2027) ($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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