The global laser tracker market is anticipated to grow at a considerable CAGR of 11.9% during the forecast period. In aerospace & defense, there are several errors such as space travel, jet manufacturing defect, mismeasurement, and slight error that can cause mission failure. As a result of which, the aerospace manufacturing companies introduced the most stringent requirements for quality and dimensional accuracy. With traditional post-machining inspections, these parts are either completely scrapped or refurbished. These scrap and rework can lead to wasted material, production line halts, and supply chain issues for both the OEM and connected suppliers. Thus, laser trackers are increasingly used to quickly inspect articles, check pre-machined dimensions, and position the rough part to ensure the proper functioning of machining thereby preventing the waste of material, energy, and time.
The growing adoption of laser technology in defense, energy, and power for accuracy and precision is driving the demand for laser trackers. For instance, in January 2021, Bharat Electronic Ltd. (BEL) signed a contract with the Indian Navy to supply 20 Laser Dazzlers. Laser Dazzlers are non-lethal weapons used for warning and stopping auspicious vehicles, UAVs, and aircraft. The technology has been developed by Defense Research and Development Organization (DRDO) with an aim to aid the defense and security agencies across the globe. The technology comprises monochromatic characteristics of laser which amplifies the light by stimulated emission of radiation. It also provides a narrow directive of intense beams of non-lethal nature from the laser gun, that is used against the suspects or enemy for varied purposes.
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Market Coverage
- The market number available for – 2022-2029
- Base year- 2022
- Forecast period- 2023-2029
Segment Covered-
- By Offering
- By Application
- By industry
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- including FARO Technologies, Inc., Automated Precision, Inc., SGS Group, VMT GmbH, Chotest Technology Inc., Hubbs Machine and Manufacturing Inc.
Laser Tracker Market Report Segment
- By Offering
- Hardware
- Software & Services
- By Application
- Quality Control and Inspection
- Alignment
- Reverse Engineering
- Calibration
By Industry
- Automotive & Transportation
- Aerospace and Defense
- Energy and Power
- Manufacturing
- Building & Construction
- Others
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Laser Tracker Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- FARO Technologies, Inc.
- Automated Precision, Inc.
- SGS Group
- Hubbs Machine and Manufacturing Inc.
- Mitutoyo America Corp.
- VMT GmbH
- Chotest Technology Inc.
- InnovMetric Software Inc
- On-Trak Photonics Inc.
- .Brunson Instrument Co.
- Nikon Metrology Inc.
- PLX Inc.
- Variation Reduction Solutions, Inc.
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