3D Touch Probes: Introduction

  • 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.

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.

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Global 3D Touch Probe Market: Research Scope

Global 3D Touch Probe Market, by Transmission

  • Hard-wired
  • Radio
  • Optical

Global 3D Touch Probe Market, by Offering

  • Hardware
    • Styli
    • Measuring Units
    • Battery Compartments
    • Shanks
    • Signal Cables
    • Optical Machine Probes
  • Software

Global 3D Touch Probe Market, by Application

  • CNC Machining
  • CNC Turning
  • Others

Global 3D Touch Probe Market, by End-use Industry

  • Automotive
  • Aerospace & Defense
  • Electronic Manufacturing
  • Medical Devices
  • Oil & Gas
  • Others

Global 3D Touch Probe Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Mexico
    • Rest of South America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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