According to estimates, the Touch Probe Market will grow from USD 606 million in 2020 to USD 736 million in 2025 at a CAGR of 4.0%. Strong touch probe features that support the measurement of 3D part geometries, an increase in industry safety standards, and rising levels of automation in the automotive manufacturing process are driving the market growth.

From 2020 to 2025, the 3D Touch Probe will account for the majority of the Touch Probe Market.

A three-dimensional (3D) touch probe is used to measure an object's length, width, and height. The object is routinely scanned by the 3D touch probe at numerous locations to produce a mesh of 3D points. It is mostly used in CNC machining applications to check the workpiece's precision. The demand for automated CNC machining and CMM equipment is being fueled by the expanding aerospace and military industry's need to manufacture aircraft components. The increasing need for the aerospace & defence industry is thus anticipated to be the driving force behind the deployment of touch probes in CNC machining.

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The market for optical touch probes will experience the highest CAGR growth throughout the forecast period.

Touch probes with optical transmission make the machining center's operations more effective, resulting in shorter cycle times and a lower percentage of rejects. The optical transmission touch probe's compact form, strong construction, and resilience to environmental factors make it ideal for use in challenging industrial environments in the aerospace and automotive industries. The machining design method is made simpler by the optical transmission touch probe's assistance in managing multiple touch probes with the use of a single receiver. The adoption of optical touch probes in machining centres is influenced by these characteristics among end users in the manufacturing sectors.

"Touch Probe Market to expand at fastest CAGR over forecast period for CNC machining centre application"

The rising demand for mass production facilities in sectors like automotive, electronics manufacturing, and medical devices is what's fueling the rise of the CNC machining centre. In CNC machining centres, the use of touch probes improves precision, prompt performance delivery, and significant cost savings. As a result, the CNC machining market for Touch Probes is anticipated to grow at the fastest rate.

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"Touch Probe Market will expand at highest CAGR from 2020 to 2025 in Automotive Industry"

The growth of the automotive industry has been defined by several product and process advancements. The demand for new automotive parts and improved engine designs is anticipated to increase with the popularity of electric and driverless vehicles. A wide range of automotive parts must be produced in order to create an automobile. The company that makes these parts uses touch probe in CNC machines to help produce high-quality forged metal components. Forged wheels and automobile chassis are two examples of the forged metal components produced with the aid of touch probes. As a result, the expansion of the Touch Probe Market is being driven by ongoing vehicle manufacturing around the globe.

"During the projected period, APAC will have the fastest-growing touch probe market"

Between 2020 and 2025, the Touch Probe Market in APAC is anticipated to develop at the highest CAGR. The two biggest markets for touch probes are China and South Korea. Major automakers and suppliers are found in APAC nations like China, Japan, and South Korea. In the automobile business, there is a growing need for automated machinery like CNC machining. Additionally, the APAC region's medical device market is still in its early stages of development. Both new and established medical device producers in APAC are continuously looking for ways to innovate and lower production costs. These elements are boosting the need for CNC machining centres in the APAC area, which will in turn boost the Touch Probe market there during the following few years.

Key Players

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) are major participants in the touch probe market.

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