3D Touch Probe Market Size, Share Global Analysis Report, 2020–2026

Industry Insights

[175+ Pages Report] According to the report published by Facts Factors, the global 3D touch probe market size was worth around USD 432.8 million in 2019 and is predicted to grow to around USD 809 million by 2026 with a compound annual growth rate (CAGR) of roughly 4.2% between 2020 and 2026. The report analyzes the global 3D touch probe market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the 3D touch probe market.

This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the 3D touch probe industry. The report analyzes and declares the historical and current trends analysis of the 3D touch probe industry and subsequently recommends the projected trends anticipated to be observed in the 3D touch probe market during the upcoming years.

The 3D touch probe market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire 3D touch probe market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Million) from FY 2016 – 2026.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the 3D touch probe industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the 3D touch probe industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the 3D touch probe market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the 3D touch probe industry. The 3D touch probe market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the 3D touch probe sector. Key strategic developments in 3D touch probe market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the 3D touch probe market are appropriately highlighted in the report.

Key Insights from Primary Research        

• As per our primary respondents, the global 3D touch probe market is set to grow annually at a rate of around 4.2%, and the revenue was valued at around USD 432.8 million in 2019.
• Europe held the largest market share in 2019 due to the presence of large manufacturers in this region.
• On basis of the “End-User” segment, an automotive segment dominated the global 3D touch probe market due to the rise of electric and autonomous vehicles globally.
• The presence of well-established players has intensified the industry rivalry, due to which the degree of competition is considerably higher.

Key Recommendations from Analysts

• As per our analysts, the global 3D touch probe market is expected to grow significantly over the forecast period due to the rise in the manufacturing of engine designs and automotive components.
• As per analysts, the high growth in the automotive sector is boosting the market.
• The collaborations and partnerships between manufacturing firms can create lucrative opportunities worldwide.
• Our team of analysts has identified, that Europe is expected to be the fastest-growing market over the estimated period, as the research and development field is increasing and also the manufacturer operations in the region.

The global 3D touch probe market is experiencing significant growth that is expected to continue over the upcoming years. Also, the use of 3D touch probes is majorly in the manufacturing of engine designs and automotive components which is one of the major factors that boost the demand for the 3D touch probes market.

The 3D touch probe market research report delivers an acute valuation and taxonomy of the 3D touch probe industry by practically splitting the market on the basis of different transmission, offerings, applications, end-user, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.

Report Scope

The regional segmentation of the 3D touch probe industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the 3D touch probe industry is provided for the leading economies of the world.

The 3D touch probe market is segmented based on transmission, offering, application, end-user, and region. On the basis of transmission, the market is classified into hard-wired, radio, and optical. Based on offering the market is classified into hardware and software. On the basis of application, the market is classified into CNC machining, CNC turning, and others. On the basis of end-users, the market is classified into oil & gas, automotive, aerospace & defense, electronics, medical devices, and others.

Major key players operating in the 3D touch probe market include

• Blum-Novotest GmbH
• Tormach Inc.
• Carbide 3D
• Renishaw plc.
• DR. Johannes Heidenhain
• P-Tech Industries Pvt.Ltd.
• Hexagon AB
• METROL Co.Ltd.
• Marposs S.p.A.

The taxonomy of the 3D touch probe market by its scope and segmentation is as follows:

Transmission Analysis

• Hard-Wired
• Radio
• Optical

Offering Analysis

• Hardware
• Software

Application Analysis

• CNC Machining
• CNC Turning
• Others

End-User Analysis

• Automotive
• Oil & Gas
• Aerospace & Defense
• Electronics
• Medical Devices
• Others

Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa