Laser Tracker Market by Application, Industry and Region –


DUBLIN, Sept. 20, 2022 (GLOBE NEWSWIRE) — The “Laser Tracker Market by Application (Quality Control & Inspection, Alignment, Reverse Engineering & Calibration), Industry (Automotive, Aerospace & Defense, General Manufacturing, Power & Energy , Transportation) and Region – Global Forecast to 2027” was added ResearchAndMarkets.com Offer.

The laser tracker market is estimated to grow from $636 million in 2022 to $866 million in 2027; it is expected to grow at a CAGR of 6.4% from 2022 to 2027.

The growth of the laser tracker market can be attributed to the greater reliance of manufacturing companies on 3D data to assess product quality and performance.

The Laser Tracker Hardware Market is projected to take the largest share from 2022 to 2027

The increasing adoption of laser trackers in the aerospace, defense, automotive, architecture and construction, and power and energy industries is driving the growth of the hardware segment of the laser tracker market. Companies like Hexagon, FARO, and API offer a variety of laser trackers for these industries. Hexagon has launched the Leica Absolute Tracker AT500, which automatically restores broken lines of sight within a wide field of view without user intervention. It offers reflector measurement up to 160 meters away from the tracker as well as a simplified 6DoF probing function.

The general manufacturing laser tracker market is anticipated to grow at the second highest CAGR during the forecast period

Laser trackers integrate data into production processes, enabling smarter decision-making, better quality control, higher throughput or production rate, and shorter cycle times, thus assisting the companies involved in general manufacturing and large-scale production of precision machining tools. VMT, On-Trak Photonics, Hubbs Machine & Manufacturing, API and Hexagon AB are major companies providing laser tracking solutions to the manufacturing industry. In April 2022, Hexagon AB launched a new wireless laser tracker automation system specifically designed for large-scale inspection tasks at manufacturing companies.

The laser tracker market in Asia-Pacific is projected to hold the largest share by 2027

The Asia Pacific market is gaining opportunities from diverse industries such as automotive, aerospace and defense, general manufacturing, and power and energy, where laser trackers are used for quality control and inspection, calibration, and alignment. Advances towards smart factory in countries like China and India are another reason behind the growth of the laser tracker market in this region.

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Main topics covered:

1 Introduction

2 research methodology

3 Summary

4 premium insights
4.1 Attractive opportunities for market participants
4.2 Market, by offer
4.3 Market, by Application
4.4 Asia Pacific Market by Countries and Industry Segments
4.5 Geographical Analysis of the Market

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 High accuracy, precision and portability of laser trackers
5.2.1.2 Increased adoption of robotics in developed countries
5.2.1.3 Significant R&D expenditure for the introduction of 3D metrology products
5.2.1.4 Increased reliance of manufacturing companies on 3D data to evaluate product quality and performance
5.2.2 Restrictions
5.2.2.1 Availability of backup equipment such as laser radar to perform inspection and calibration tasks
5.2.3 Opportunities
5.2.3.1 Growing trend of outsourcing 3D measurement services
5.2.3.2 Increasing adoption of cloud computing
5.2.4 Challenges
5.2.4.1 Addressing alignment errors in laser trackers
5.3 Analysis of the value chain
5.4 Laser Tracker Ecosystem
5.5 Technology Analysis
5.6 Patent Analysis
5.6.1 List of major patents
5.7 Case Study Analysis
5.7.1 API helps Tacquet Industries to precisely machine 7m diameter turbine wheel housings
5.7.2 Acquip helps guide rail alignment measurements and adjustments with Faro Vantage Laser Tracker
5.7.3 API services help Amtdc achieve highest accuracy on industrial robots
5.7.4 API services help Flying-S realize the full potential of its machine tools
5.7.5 PCM Innovation Achieve Agile Manufacturing in Aerospace Inspection with Faro Software and Faro Laser Tracker
5.7.6 The BMW Group uses Hexagon’s laser trackers to optimize the manufacturing process in the automotive industry
5.8 Trends and Disruptions Affecting Customers
5.9 Trade Analysis
5.10 Porter’s Five Forces Analysis
5.10.1 Intensity of competitive rivalry
5.10.2 Bargaining Power of Suppliers
5.10.3 Bargaining Power of Buyers
5.10.4 Threat of substitutes
5.10.5 Threat of New Entrants
5.11 Tariff Analysis
5.12 Standards and Regulations
5.12.1 Regulatory Bodies, Government Agencies and Other Organizations
5.12.2 ISO and IEC standards
5.12.3 Classification of laser standards
5.12.4 Ingress Protection (IP) Ratings
5.12.5 Restriction of Hazardous Substances (Rohs) and Waste Electrical and Electronic Equipment (WEEE)
5.12.6 Registration, Evaluation, Authorization and Restriction of Chemicals (Reach)
5.12.7 General Data Protection Regulation (GDPR)
5.12.8 Import-Export Laws
5.13 Key Stakeholders and Purchase Criteria
5.13.1 Key stakeholders in the buying process
5.13.2 Purchase Criteria
5.14 Pricing Analysis
5.14.1 Asp Analysis Of Laser Trackers Offered By Market Players For The Top 3 Industries
5.15 Major Conferences and Events, 2022-2023

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6 Laser Trackers Market by Supply
6.1 Introduction
6.2 Hardware
6.3 Software
6.3.1 Helps collect and process data collected by laser trackers
6.4 Services
6.4.1 Customer Service
6.4.1.1 The need for system upgrades and annual maintenance increases the demand for after-sales service
6.4.2 Measurement Services
6.4.2.1 Include inspection and alignment, reverse engineering, machine tool calibration and laser tracker calibration
6.4.3 Storage as a Service
6.4.3.1 Companies focus on cost-cutting measures to increase market growth

7 Laser Trackers Market by Application
7.1 Introduction
7.2 Quality Control and Inspection
7.2.1 The automotive industry uses laser trackers for fast and precise measurements
7.3 Alignment
7.3.1 Automotive and aerospace industries use laser trackers to determine optical coordinates
7.4 Reverse Engineering
7.4.1 Laser trackers are used to create digital modeling of components in precision manufacturing
7.5 Calibration
7.5.1 Laser trackers are used to calibrate industrial robots

8 Laser Trackers Market by Industry Segments
8.1 Introduction
8.2 Automobile
8.2.1 Inspection, alignment and calibration tasks in the automotive industry create a need for laser trackers
8.3 Aerospace & Defense
8.3.1 Reverse Engineering, Shaft Alignment, and 3D Measurement of Airplane Components fuel the market growth
8.4 Energy & Performance
8.4.1 Precise and Accurate Measurement, Alignment and Inspection of Turbines, Bearings and Generators to Promote Market Growth
8.5 General Manufacturing
8.5.1 High demand from manufacturing companies to reduce operator interaction in quality control processes
8.6 Architecture and Construction
8.6.1 Real-time inspection and alignment needs in the construction industry to create growth opportunities
8.7 Transportation
8.7.1 Flexibility, precision, and accuracy of laser trackers encourage adoption in alignment applications
8.8 Miscellaneous

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9 Laser Trackers Market by Region

10 competitive landscape
10.1 Overview
10.2 Key Player Strategies/Right of Victory
10.3 Five-year sales analysis of the company
10.4 Market Share Analysis, 2021
10.5 Business Valuation Quadrant
10.5.1 Stars
10.5.2 Emerging Leaders
10.5.3 Omnipresent Players
10.5.4 Participants
10.6 Startup/SME Evaluation Quadrant
10.6.1 Progressive Companies
10.6.2 Responsive Companies
10.6.3 Dynamic Enterprises
10.6.4 Starting Blocks
10.7 Market: Company’s product footprint
10.8 Market: Competitive Benchmarking
10.9 Competitive Scenarios and Trends

11 company profiles
11.1 Key Players
11.1.1 Hexagon Ab
11.1.2 Faro Technologies, Inc.
11.1.3 Automated Precision, Inc.
11.1.4 Sgs
11.1.5 Hubb’s Machine & Manufacturing Inc.
11.1.6 Mitutoyo Corporation
11.1.7 Vmt Ltd
11.1.8 On-Trak Photonics, Inc.
11.1.9 Chotest Technology Inc.
11.1.10 Innovmetric Software Inc.
11.2 Other Key Players
11.2.1 3D Systems, Inc.
11.2.2 Verisurf Software, Inc.
11.2.3 Metrologic Group
11.2.4 Variant Reduction Solutions, Inc.
11.2.5 Brunson Instrument Company
11.2.6 Mactech On-Site Machining Solutions
11.2.7 East Coast Metrology, LLC
11.2.8 Advanced Dimensional Solutions Pty Ltd.
11.2.9 Hiwe Sqs
11.2.10 Various dimensions
11.2.11 Manchester Metrology Limited
11.2.12 Plx Inc.
11.2.13 Oasis Alignment Services
11.2.14 3D Engineering Solutions
2/11/15 Schaeffer Precision Alignment, Inc.
11.2.16 Leister Tech
11.2.17 Aurum 3D
11.2.18 Nebula3D Services

12 Appendix

For more information about this report, visit https://www.researchandmarkets.com/r/qf4tdh

  • Global Laser Tracker Market




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