Laser Tracker Market Worldwide Industry Analysis, Future Demand and Forecast till 2028

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.

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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.

Market Coverage

                 The market number available for – 2021-2028

                 Base year- 2021

                 Forecast period- 2022-2028

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. 

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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

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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