3D Touch Probe Market Analysis 2020: Latest Development, Regional Demand, Top Players Profiling and CAGR Forecast to 2027

 

• 3D touch probes record non-planar surfaces electronically in order to precisely sense three-dimensional bodies and reproduce the object. 3D touch probes are employed to scan an object in three dimensions: height, length, and breadth.
• Additionally, 3D touch probes are used in CNC machining applications such as cutting, punching, and forming to measure and verify the process of the work piece accurately
• 3D touch probes are used in various applications owing to their compact size, high accuracy, and ability to measure complex 3D-part geometries on all sizes of machining centers
• 3D touch probes are employed in several end-use industries including automotive, aerospace & defense, electronics, medical devices, and oil & gas

Rise in Demand for 3D Touch Probes for Use in Automotive Industry

• 3D touch probes are largely used for manufacture of automotive components and engine designs, which is considered a major factor driving the global 3D touch probe market
• Optical transmission touch probes are largely used in the manufacture of automotive components, as they perform operations efficiently, which is helpful to reduce the production time and the percentage of component rejection by maintaining accuracy. Moreover, rise in the demand for electric vehicles (EVs) and autonomous vehicles across the globe is anticipated to boost the demand for new automotive components and improved engine designs in the near future.
• Furthermore, several manufacturers are engaged in producing 3D touch probes that are more resistant to radio wave interference compared to the conventional infrared-ray communication and are not affected by obstacles and coolants. As a result of this, the demand for 3D touch probes for use in automotive applications is increasing, which is expected to drive the global 3D touch probe market during the forecast period

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Europe to Lead Global 3D Touch Probe Market

• In terms of region, the global 3D touch probe market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa
• Europe is anticipated to dominate the global 3D touch probe market throughout the forecast period, as a large number of manufacturers of 3D touch probes operate in the region
• The 3D touch probe market in North America and Asia Pacific is expected to expand at a substantial rate during the forecast period. On the other hand, the market in Middle East & Africa and South America is estimated to expand at a moderate pace during the forecast period.

Key Players Operating in Global 3D Touch Probe Market

The global 3D touch probe market was highly fragmented in 2018. Major players operating in the global market are focusing on technological advancements and expansions to meet the risen demand for 3D touch probes. Moreover, manufacturers are entering into partnerships for the development of innovative products.

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Key players operating in the global 3D touch probe market are:

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