According to the new market research report "Touch Probe Market by Type (3D, 2D, Tool-length Measuring, Tool Touch-off), Transmission (Optical, Radio, Hard-wired), Application (CNC Machining, CNC Turning, Others), Offering, Industry, and Region - Global Forecast to 2025", the touch probe market is estimated to reach USD 736 million by 2025 from USD 606 million in 2020 at a CAGR of 4.0%. The market growth is fueled by robust features of touch probe, aiding in the measurement of 3D part geometries, a rise in industry safety standards, and increasing automation in automotive manufacturing.
The touch probe market has been segmented based on type , transmission, offering, industry, and region.
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https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=14925304
The touch probe market in APAC is expected to grow at the highest CAGR during 2020—2025. China and South Korea are the major markets for touch probes. Countries in APAC such as China, Japan, and South Korea are home to major automotive manufacturers and suppliers. The demand for automated equipment such as CNC machining in the automotive industry is on the rise. Furthermore, the market of medical devices in the APAC region is in the growth stage. Established medical device providers, as well as new manufacturers in APAC, are constantly trying to innovate and reduce the cost of production. These factors are driving the demand for CNC machining centers in the APAC region and thus drive the market of touch probe in this region in the next few years.
Major players involved in the touch probe market include Renishaw (UK), Hexagon (Sweden), DR. Johannes Heidenhain (Germany), Blum-Novotest (Germany), Tormach (Australia), Metrol (Japan), Marposs (Italy), Carl Zeiss (Germany), P-Tech Industries (India), and J&M Precision Products (US).
Don’t miss out on business opportunities in Touch Probe Market. Speak to our analyst and gain crucial industry insights that will help your business grow.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
The touch probe market has been segmented based on type , transmission, offering, industry, and region.
Download PDF Brochure:-
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=14925304
Touch Probe Market, By Type:
- 3D Touch Probes
- 2D Spindle Probes
- Tool-Length Measuring Probes
- Tool Touch-off Probes
Touch Probe Market, By Transmission
- Optical
- Radio
- Hard-Wired
Touch Probe Market, By Application
- CNC Machining Centers
- CNC Turning Centers
- Others
Touch Probe Market, By Offering
- Hardware
- Software
Touch Probe Market, By Industry
- Automotive
- Aerospace & Defense
- Electronics Manufacturing
- Medical Devices
- Oil & Gas
- Others (power generation and general manufacturing)
Touch Probe Market, By Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Rest of Europe
- Asia Pacific (APAC)
- China
- Japan
- India
- South Korea
- Rest of APAC
- Rest of the World (RoW)
- South America
- Middle East
- Africa
The touch probe market in APAC is expected to grow at the highest CAGR during 2020—2025. China and South Korea are the major markets for touch probes. Countries in APAC such as China, Japan, and South Korea are home to major automotive manufacturers and suppliers. The demand for automated equipment such as CNC machining in the automotive industry is on the rise. Furthermore, the market of medical devices in the APAC region is in the growth stage. Established medical device providers, as well as new manufacturers in APAC, are constantly trying to innovate and reduce the cost of production. These factors are driving the demand for CNC machining centers in the APAC region and thus drive the market of touch probe in this region in the next few years.
Major players involved in the touch probe market include Renishaw (UK), Hexagon (Sweden), DR. Johannes Heidenhain (Germany), Blum-Novotest (Germany), Tormach (Australia), Metrol (Japan), Marposs (Italy), Carl Zeiss (Germany), P-Tech Industries (India), and J&M Precision Products (US).
Don’t miss out on business opportunities in Touch Probe Market. Speak to our analyst and gain crucial industry insights that will help your business grow.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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