21-Dec-2020 | Facts and Factors
Findings from Facts and Factors report “3D Touch Probe Market By Transmission (Hard-Wired, Radio, Optical), By Offering (Hardware, Software), By Application (CNC Machining, CNC Turning, Others), By End-User (Automotive, Oil & Gas, Aerospace & Defense, Electronics, Medical Devices, Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global 3D Touch Probe Market was projected at around USD 432.8 million in 2019, and is expected to reach USD 809 million by 2026, growing at a CAGR of 4.2% during the forecast years.
The Global 3D Touch Probe Market Is Powered By Improved Industry Safety Standards Leading to the Adoption of Touch Probes in Various Industries.
A technology that makes the machine tools to perform measurements related to geometrical is known as touch probes. Touch probe behaves like a high precision switch and when it is incorporated with the manufacturing process of the machine, it can trace the part locations and also determine the tool sizes and workpiece. This technology gives benefits which include the improvement of productivity, enhancing the workpiece quality, and it also reduces the operators set up time.
Browse the full “3D Touch Probe Market By Transmission (Hard-Wired, Radio, Optical), By Offering (Hardware, Software), By Application (CNC Machining, CNC Turning, Others), By End-User (Automotive, Oil & Gas, Aerospace & Defense, Electronics, Medical Devices, Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/3d-touch-probe-market
3D touch probes help in recording the nonplanar surfaces electronically which helps to sense the three-dimensional objects or bodies and to reproduce them. 3D touch probes are used to scan the object in all three dimensions that are length, height, and breadth. The use of 3D touch probes is basically in CNC machine applications like punching, cutting, forming to verify as well as to measure the workpiece process efficiently. The benefits offered by 3D touch probes include high accuracy, compact size, and also the ability to verify and measure the workpiece process efficiently. The end-use industries which use the 3D touch probe include electronics, automotive, medicals devices, aerospace and defense, oil and gas among others.
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. Among the 3D touch probes, optical transmission touch probes are majorly used for the manufacturing of automotive components because it performs all the operations with efficiency, and is helpful for reduction of the percentage of component rejection and also reduction of production time, thus maintaining the accuracy.
Additionally, the increase in demand for autonomous vehicles and electric vehicles globally will propel the demand for new automotive components and better engine designs in the coming years. Moreover, manufacturers in the 3D touch probes are focusing on the production of 3D probes that are more and more resistant to radio wave interface and is not affected by the coolants or obstacles. Due to these factors the demand for 3D touch probes ig growing in the automotive sector which will further propel the demand for 3D touch probes during the forecast period.
The market for 3D touch probe is segmented based on transmission, offering, application, end-user, and region. In terms of transmission, the market is bifurcated into hard-wired, optical, and radio. Based on offering the market is bifurcated into hardware and software. Further, in terms of application, it is classified into CNC machining, CNC turning, and others. Based on end-user the market is bifurcated into medical devices, oil & gas, aerospace & defense, electronics, automotive, and others. In terms of geography, Europe will dominate the market for 3D touch probe during the forecast period because of the presence of large manufacturers of 3D touch probes in the Europe region. After Europe, the Asia Pacific and North America will grow at a higher rate during the forecast period.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 432.8 Million |
Projected Market Size in 2026 |
USD 809 Million |
CAGR Growth Rate |
4.2% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
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., and Others |
Key Segment |
By Transmission, Offering, Application, End-User, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Some of the leading and top companies in the 3D touch probe market
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. among other players.
The taxonomy of the 3D touch probe market by its scope and segmentation is as follows:
By Transmission Analysis
By Offering Analysis
By Application Analysis
- CNC Machining
- CNC Turning
- Others
By End-User Analysis
- Automotive
- Oil & Gas
- Aerospace & Defense
- Electronics
- Medical Devices
- Others
By Regional Segmentation Analysis
- North America
- 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
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