Market Overview:
The global measurement probes market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for precision measurement in various industries such as automotive, aerospace and defense, and electronics. In addition, the growing demand for contact probes over non-contact probes is also contributing to the growth of this market. The contact probe segment is expected to dominate the global measurement probes market during the forecast period owing to its ability to provide high accuracy measurements. The automotive industry is expected to be one of the major contributors of revenue in this market during the forecast period.
Product Definition:
Measurement probes are used to take accurate measurements of various properties of a material. This can include the thickness, width, or depth of a material. The probes can also be used to measure the temperature or pressure of a material.
Contact Probe:
A contact probe is an electronic device that comes in direct physical contact with the target object and measures its properties. It’s used for measuring various physical parameters of a product such as temperature, pressure, voltage, current etc. Contact probes are also known as touch probes or sense probes.
Touch Probes are widely used in industries such as automotive & transportation.
Non Contact Probe:
Non contact probe is a device that emits an electromagnetic field which can interact with the electrical circuits of various devices. It's used in measurement probes to measure voltage, current and resistance. The most common example of non contact probe is multimeter which measures voltage, current and resistance by making connection through test leads to the target device.
The major advantage of using non-contact probes over conventional ones is that there's no physical connection between them.
Application Insights:
The machinery and mold manufacturing application segment led the global measurement probes market in 2017. This is attributed to increasing demand for industrial robots, which are increasingly used for various operations in the production process of various industries. Measurement probes play a significant role in ensuring high-quality components and efficient production lines by providing real-time data on component position, size, and other properties.
Automotive is expected to be the fastest growing segment over the forecast period owing to increased product innovation by major players such as Continental AG, along with rising adoption of advanced technologies such as 4D Systems¢â‚¬â„¢ Vicon Automation System by several OEMs worldwide including Ford Motor Company and Daimler AG. The system provides real-time 3D measurement data of components during manufacturing processes such as body panel alignment & positioning along with other vital information regarding component quality that helps improve overall automotive quality control resulting in higher product acceptance leading to higher growth rate over forecast period.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The region is expected to maintain its dominance over the forecast period owing to high product demand from various application industries, such as machinery and mold manufacturing. Moreover, increasing R&D activities for advanced products with better performance characteristics is also one of the key factors contributing toward regional growth.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to rising investments by governments and private players for developing measurement probe-based technologies that can be used across several applications. Furthermore, growing awareness about industrial automation among manufacturers will drive demand further in this region during the forecast years.
Growth Factors:
- Increasing demand from the semiconductor and electronics industry for advanced measurement probes to test miniaturized devices and circuits.
- Growing popularity of 3D printing technology that requires high-precision measurement probes for accurate dimensional inspection.
- Proliferation of smart devices and the Internet of Things (IoT) that need sophisticated testing and calibration procedures using measurement probes.
- Rising investments in research and development by probe manufacturers to develop innovative products catering to specific application requirements.
Scope Of The Report
Report Attributes
Report Details
Report Title
Measurement Probes Market Research Report
By Type
Contact Probe, Non Contact Probe
By Application
Machinery and Mold Manufacturing, Automotive, Eectronics, Aerospace and Defense, Others
By Companies
Renishaw, Marposs, Blum-Novotest GmbH, Hexagon, Heidenhain, Zeiss, Metrol
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
208
Number of Tables & Figures
146
Customization Available
Yes, the report can be customized as per your need.
Global Measurement Probes Market Report Segments:
The global Measurement Probes market is segmented on the basis of:
Types
Contact Probe, Non Contact Probe
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
Machinery and Mold Manufacturing, Automotive, Eectronics, Aerospace and Defense, 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
- Marposs
- Blum-Novotest GmbH
- Hexagon
- Heidenhain
- Zeiss
- Metrol
Highlights of The Measurement 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:
- Contact Probe
- Non Contact Probe
- By Application:
- Machinery and Mold Manufacturing
- Automotive
- Eectronics
- Aerospace and Defense
- 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 Measurement 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Measurement probes are a type of sensor that can be inserted into the body to measure various physiological parameters. These sensors can be used to monitor heart rate, blood pressure, breathing rate, and more.
Some of the major companies in the measurement probes market are Renishaw, Marposs, Blum-Novotest GmbH, Hexagon, Heidenhain, Zeiss, Metrol.
The measurement probes market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Measurement Probes Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Measurement Probes Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Measurement Probes Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Measurement Probes Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Measurement Probes Market Size & Forecast, 2020-2028
4.5.1 Measurement Probes Market Size and Y-o-Y Growth
4.5.2 Measurement Probes Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Contact Probe
5.2.2 Non Contact Probe
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Machinery and Mold Manufacturing
6.2.2 Automotive
6.2.3 Eectronics
6.2.4 Aerospace and Defense
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Measurement Probes Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Measurement Probes Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Contact Probe
9.6.2 Non Contact Probe
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Machinery and Mold Manufacturing
9.10.2 Automotive
9.10.3 Eectronics
9.10.4 Aerospace and Defense
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Contact Probe
10.6.2 Non Contact Probe
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Machinery and Mold Manufacturing
10.10.2 Automotive
10.10.3 Eectronics
10.10.4 Aerospace and Defense
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Contact Probe
11.6.2 Non Contact Probe
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Machinery and Mold Manufacturing
11.10.2 Automotive
11.10.3 Eectronics
11.10.4 Aerospace and Defense
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Contact Probe
12.6.2 Non Contact Probe
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Machinery and Mold Manufacturing
12.10.2 Automotive
12.10.3 Eectronics
12.10.4 Aerospace and Defense
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Contact Probe
13.6.2 Non Contact Probe
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Machinery and Mold Manufacturing
13.10.2 Automotive
13.10.3 Eectronics
13.10.4 Aerospace and Defense
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Measurement Probes Market: Competitive Dashboard
14.2 Global Measurement Probes Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Renishaw
14.3.2 Marposs
14.3.3 Blum-Novotest GmbH
14.3.4 Hexagon
14.3.5 Heidenhain
14.3.6 Zeiss
14.3.7 Metrol
