Market Overview:
Touch probes are used to determine the position of a touch point on a workpiece with high accuracy. The global touch probes market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The growth in this market can be attributed to the increasing demand for machine tools and CMMs across various industries, and the growing adoption of optical touch probes and radio touch probes over other types of touch probes. The global touch probe market is segmented on the basis of type, application, and region. On the basis of type, it is divided into optical touch probes, radio frequency (RF) or inductive proximity sensors (IPS), capacitive proximity sensors (CPS), magnetic field sensors (MFS), eddy current displacement sensors (ECDS), laser interferometers/laser scanners, ultrasound transducers/sonarscanners; and others including Hall effect devices, piezoelectric materials etc.). Optical Touch Probes are further sub-segmented into self-contained optical systems comprising an emitter/sensor head mounted on an articulated arm or probe body; retroreflective systems using one or more mirrors to reflect light back towards its source; diffuse reflective systems using one or more lenses to collect light from all directions around a target object; fiber optic cables with transmitters & receivers at either end that use total internal reflection within glass fibers to guide light between them.
Product Definition:
Touch Probes are used to take measurements on a part or surface. They are important because they allow for precise measurements to be taken without damaging the part or surface.
Optical Touch Probes:
Optical touch probes are a part of the electromagnetic spectrum. They operate in the infrared region of light, which is invisible to human eyes but can be felt by sensitive electronic devices. Optical touch probe works on similar principal as that of a conducting stick or any metal detector at airports. It is used for detecting objects and determining their location in three-dimensional space.
Radio Touch Probes:
Radio touch probes are electronic devices that are used to measure the capacitive touch and radio frequency interference. It is a handheld device which helps in measuring the strength of signals received from a particular location. The probe consists of an antenna, electronics, and software for signal measurement or processing.
The major application areas where radio probes find their use include wireless testing (WLAN/Wired Equivalent Privacy (WEP) testing, Bluetooth & RFID testing), satellite communications tests.
Application Insights:
The machine tools segment dominated the global touch probes market in 2017. The growth can be attributed to the increasing demand for high precision machine tools, which are used to manufacture various components including gears, spindles, and turntables. These machines need highly sensitive measuring devices that can sense the slightest movement or contact and transmit that information wirelessly through radio waves. Thus, the growing use of CMM¢â‚¬â„¢s is responsible for driving this segment.
The others application segment includes assembly lines where products are put together or attached using screws and other fasteners such as nuts & bolts & clips & grommets etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has witnessed a high adoption of touch probe owing to low cost, easy availability of raw materials, and increasing demand from various end-use industries. Moreover, rising investments by governments for developing manufacturing sector are anticipated to propel product demand in Asia Pacific region.
The machine tool industry is one of the significant sectors contributing towards economic growth in Europe as it creates jobs and boosts innovation across all industrial sectors. Touch technology plays an important role in machine tools as they aid machining processes by providing feedback on operation accuracy thus reducing material removal rates with improved productivity resulting into enhanced profitability for manufacturers operating within European economy.
Growth Factors:
- Increasing demand for touch probes in the automotive and aerospace industries due to the growing need for precision measurement and inspection.
- Rising demand from medical device manufacturers owing to the increasing use of touch probes in medical applications such as endoscopy, arthroscopy, and laparoscopy.
- Growing popularity of 3D printing technology that is fueling the demand for touch probes with higher accuracy and resolution levels.
- Proliferation of micro-manufacturing facilities across various industry verticals that is resulting in an increase in demand for smaller size touch probes with high accuracy levels.
Scope Of The Report
Report Attributes
Report Details
Report Title
Touch Probes Market Research Report
By Type
Optical Touch Probes, Radio Touch Probes, Others
By Application
Machine Tools, CMM, Others
By Companies
Renishaw, Heidenhain, Hexagon AB, Marposs, Haff-Schneider, ZEISS, Blum-Novotest GmbH, OGP, Harbin Pioneer M&E Technical, Mahr GmbH, Tormach Inc., Metrol, Micro-Vu, Centroid CNC
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Touch Probes Market Report Segments:
The global Touch Probes market is segmented on the basis of:
Types
Optical Touch Probes, Radio Touch Probes, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Machine Tools, CMM, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Renishaw
- Heidenhain
- Hexagon AB
- Marposs
- Haff-Schneider
- ZEISS
- Blum-Novotest GmbH
- OGP
- Harbin Pioneer M&E Technical
- Mahr GmbH
- Tormach Inc.
- Metrol
- Micro-Vu
- Centroid CNC
Highlights of The Touch Probes Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Optical Touch Probes
- Radio Touch Probes
- Others
- By Application:
- Machine Tools
- CMM
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Touch Probes Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Touch probes are a type of input device that allow you to interact with your computer by using your fingertips. Touch probes typically have a small, round button on one end and a flat surface on the other. You can use touch probes to click objects, drag and drop items, or enter text.
Some of the major players in the touch probes market are Renishaw, Heidenhain, Hexagon AB, Marposs, Haff-Schneider, ZEISS, Blum-Novotest GmbH, OGP, Harbin Pioneer M&E Technical, Mahr GmbH, Tormach Inc., Metrol, Micro-Vu, Centroid CNC.
The touch probes market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Touch Probes Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Touch Probes Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Touch Probes Market - Supply Chain
4.5. Global Touch Probes Market Forecast
4.5.1. Touch Probes Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Touch Probes Market Size (000 Units) and Y-o-Y Growth
4.5.3. Touch Probes Market Absolute $ Opportunity
5. Global Touch Probes Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Touch Probes Market Size and Volume Forecast by Type
5.3.1. Optical Touch Probes
5.3.2. Radio Touch Probes
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Touch Probes Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Touch Probes Market Size and Volume Forecast by Application
6.3.1. Machine Tools
6.3.2. CMM
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Touch Probes Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Touch Probes Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Touch Probes Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Touch Probes Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Touch Probes Demand Share Forecast, 2019-2026
9. North America Touch Probes Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Touch Probes Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Touch Probes Market Size and Volume Forecast by Application
9.4.1. Machine Tools
9.4.2. CMM
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Touch Probes Market Size and Volume Forecast by Type
9.7.1. Optical Touch Probes
9.7.2. Radio Touch Probes
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Touch Probes Demand Share Forecast, 2019-2026
10. Latin America Touch Probes Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Touch Probes Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Touch Probes Market Size and Volume Forecast by Application
10.4.1. Machine Tools
10.4.2. CMM
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Touch Probes Market Size and Volume Forecast by Type
10.7.1. Optical Touch Probes
10.7.2. Radio Touch Probes
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Touch Probes Demand Share Forecast, 2019-2026
11. Europe Touch Probes Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Touch Probes Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Touch Probes Market Size and Volume Forecast by Application
11.4.1. Machine Tools
11.4.2. CMM
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Touch Probes Market Size and Volume Forecast by Type
11.7.1. Optical Touch Probes
11.7.2. Radio Touch Probes
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Touch Probes Demand Share, 2019-2026
12. Asia Pacific Touch Probes Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Touch Probes Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Touch Probes Market Size and Volume Forecast by Application
12.4.1. Machine Tools
12.4.2. CMM
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Touch Probes Market Size and Volume Forecast by Type
12.7.1. Optical Touch Probes
12.7.2. Radio Touch Probes
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Touch Probes Demand Share, 2019-2026
13. Middle East & Africa Touch Probes Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Touch Probes Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Touch Probes Market Size and Volume Forecast by Application
13.4.1. Machine Tools
13.4.2. CMM
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Touch Probes Market Size and Volume Forecast by Type
13.7.1. Optical Touch Probes
13.7.2. Radio Touch Probes
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Touch Probes Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Touch Probes Market: Market Share Analysis
14.2. Touch Probes Distributors and Customers
14.3. Touch Probes Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Renishaw
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Heidenhain
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Hexagon AB
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Marposs
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Haff-Schneider
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ZEISS
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Blum-Novotest GmbH
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. OGP
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Harbin Pioneer M&E Technical
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Mahr GmbH
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Tormach Inc.
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Metrol
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Micro-Vu
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Centroid CNC
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook