Laser Tracker Market

Laser Tracker Market – Growing Demand For Research & Development Activities In 3D
Measurement
The laser tracker was developed in the mid of 1980s to facilitate robot metrology. Though after
thirty years since invention, this technology now renowned as the measurement tool of choice in
the manufacturing and assembly of large components. In addition, laser tracker systems lead the
field in terms of the durability, accuracy and reliability of portable coordinate measuring
machines. Currently, robot tracking, calibration, maintenance and testing application, where the
laser tracker technology is used at a rapid pace. Last couple of years, growing demand for
research & development activities in 3D measurement technique have tremendously increased
the scope and applicability of laser trackers. Furthermore, in laser technology is using multiple
application which includes robot metrology, manufacture and assembly of large components
worldwide. The global laser tracker market is estimated to witness a stable growth during the
projection period from 2018-2026.
Quality control, inspection and measurement is an important consideration in aerospace &
defense and automotive businesses to confirm customer specifications and requirements are met.
Owing to increasing demand for laser tracker for inspecting and monitoring the quality of
finished products, assembled parts and components, which is anticipated to augment the demand
of laser tracker in future. Global Laser tracker market has been segmented on the basis of
component, application, end use industry and geography.
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Based on component, the market for laser tracker has been classified into hardware and software.
Hardware segment again is segmented into laser tracker controller, retro reflector, essential
accessories, computer system, others. In 2017, the market for essential accessories, computer
system segment held the largest market share in laser tracker market. On the basis of application,
global laser tracker market has been bifurcated into quality control & inspection, alignment,
calibration and reverse engineering. Quality control & inspection segment is projected to grow at
a highest CAGR rate during in future. This is mainly due to, various manufacturing companies
are adopting this technology to strengthen their quality control segment and to meet the customer
requirements and specifications. Based on the end use industry, the global laser tracker market is
classified into various types which includes aerospace, robotics, automotive, architecture and
construction and power generation among others. Robotics segment is anticipated to grow at
highest CARG rate during the forecast period. On the other hand, the aerospace and automation
industry hold the significant share in laser tracker market. This is mainly due to laser tracker
technology is used for different applications the aerospace and automotive industry which
includes alignment of hinge lines and body components, calibration to automate production lines
and measurement of large panels among others. On the flip side, availability of other substitute’s
inspection product in compare with lower price is anticipated to hinder the growth of this product
market in coming years.
Geographically, laser tracker market is segmented into North America, Europe, Asia Pacific,
Middle- East and Africa and South America. The growth in demand for laser tracker market is
majorly driven by Europe. Asia Pacific is predicted to witness the most auspicious market in the
coming years, owing to increasing number of automotive and aviation manufacturers are
continuously focusing to expand their operation and manufacturing units across the different part
of Europe. Cumulative emphasis on research and development happenings by government
initiative in robotics industry is also acting as a key factor in the growth for Asia Pacific market.
Across the globe most promising and developing countries in Asia Pacific to dominate the
second market share within next forecast period. Asia pacific region is expected to be the fasted
growing market for this product due to rapid industrialization and increasing adoption of new
technologies across different end use industry vertical.
This report explores the major global industry players in detail. Major companies operating in
the global laser tracker market are Brunson Instrument Company (the U.S), Faro (the U.S), OnTrak Photonics Inc. (the U.S), Variation Reduction Solutions, Inc. (the U.S), API (the U.S),
Hexagon (Sweden), PLX Inc. (the U.S). VMT GmbH (Germany), Hubbs Machine and
Manufacturing Inc. (the U.S) and SGS (Switzerland) among others.

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