Laser Tracker Market

Laser Tracker Market by Application (Quality Control & Inspection, Alignment, Reverse Engineering, and Calibration), Industry (Automotive, Aerospace & Defense, General Manufacturing, Energy & Power, Transportation) and Region - Global Forecast to 2027

Report Code: SE 6192 Aug, 2022, by marketsandmarkets.com

[216 Pages Report] The laser tracker market is estimated to grow from USD 636 million in 2022 to reach USD 866 million by 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 significant R&D expenditure for launching 3D metrology products such as laser trackers and high accuracy, precision, and portability offered by laser trackers.

Laser Tracker Market

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Market Dynamics

Driver: High accuracy, precision, and portability of laser trackers

Laser trackers offer a considerably high level of portability; these trackers have an internal battery that allows extreme precision over ultra large distances and are able to work in the most demanding environment while maintaining the highest level of precision. Modern-day lasers are portable and possess a considerably high accuracy when working within a reasonable range for measurement. Also, systems these days are powered by Wi-Fi connectivity, which further enables seamless communication between sensors to facilitate data exchange.

Restraint: Availability of substitutes, such as laser radars, to carry out inspection and calibration tasks

Companies have started focusing on growing their footprint in large-volume metrology applications by launching new versions and updated laser radar products. For instance, in May 2022, API launched the DYNAMIC 9D LADAR, innovative laser detection and ranging system that captures both dimensional and surface geometry data.

Opportunity: Increasing adoption of cloud computing

Companies operating in the laser tracker market have started offering cloud-based solutions for analyzing and processing data gathered by laser trackers. For instance Hexagon’s Manufacturing Intelligence division offers HxGN SFx | Asset Management, a cloud-ready software solution that helps manufacturers achieve operational excellence by offering access to real-time machine status and utilization reporting.  

Challenge: Addressing alignment errors in laser trackers

Laser trackers come in different configurations and designs to meet the requirement in diverse applications, such as quality inspection, tooling, and alignment, in various industries. However, laser trackers are sometimes subject to alignment errors due to manufacturing tolerances and design-related constraints.

The market for laser tracker services is expected to grow at the highest CAGR from 2022 to 2027.

The market for laser tracker services is expected to grow at the highest CAGR from 2022 to 2027. Manufacturing companies are outsourcing their measurement and inspection tasks to laser tracking service providers because they can collect a large volume of data within a short period, leading to reduced inspection time, high accuracy measurements, and stability in processes. These factors drive the growth of the services segment of the laser tracker market

The laser tracker market for calibration applications is expected to grow at the highest CAGR from 2022 to 2027.

The laser tracker market for calibration applications is expected to grow at the highest CAGR from 2022 to 2027. The adoption of Industry 4.0 or smart manufacturing technologies across North America, Europe, and Asia Pacific is likely to escalate the demand for laser trackers in calibration applications. Calibration increases reliability on the production line. The production line can operate more efficiently if existing machines are connected through automated processes.

The laser tracker market for aerospace and defense to hold the second largest share during forecast period.

The aerospace industry is an early adopter of laser tracker technology and one of the largest users of laser trackers today. Laser trackers are recognized in the aerospace industry for their easy portability, simple design, and ability to achieve extremely high accuracy levels. The demand for this technology is constantly increasing owing to the increasing awareness in many industry players regarding the benefits of integrating laser trackers into their processes, which include enhanced accuracy, real-time data acquisition, non-contact error mapping, and so on.

Laser Tracker Market by Region

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Laser tracker  market in APAC to grow at highest CAGR during the forecast period.

The laser tracker market in APAC is projected to grow at the highest CAGR during the forecast period. China is among the major manufacturing hubs across the world, and it holds immense potential for laser tracker market players. The country is considered the global manufacturing hub for electronics, semiconductors, automotive, and other consumer industries. Furthermore, India is expected to register the highest CAGR in the laser tracker market during the forecast period. As of 2021, the automotive industry in India is the fourth-largest in the world. Furthermore, India is expected to be the world's third-largest automotive market in terms of volume by 2030. The booming growth of the electric vehicle segment and the manufacturing of solar modules create huge growth potential for laser trackers for quality control and inspection, reverse engineering, calibration, and alignment applications in these industries.

Key Market Players

Hexagon AB (Sweden);  Faro Technologies, Inc. (US); Automated Precision Inc. (US); InnovMetric Software Inc. (Canada); CHOTEST TECHNOLOGY INC. (China); Mitutoyo Corp. (Japan); 3D Systems, Inc. (US); VMT GmbH (Germany); Hubbs Machine and Manufacturing Inc. (US); and PLX Inc. are among a few of the players in the laser tracker market.

Laser Tracker Market Report Scope

Report Metric

Details

Market Size Value in 2022 USD 636 Million
Revenue Forecast in 2027   USD 866 Million
Growth Rate  6.4%

Years considered

2018–2027

Base year considered

2021

Forecast period

2022–2027

Forecast units

Value (USD Million/Billion), Volume (Units)

 

Segments covered

  • By Offering,
  • By Application,
  • By Industry

 

Regions covered

  • North America,
  • Asia Pacific,
  • Europe, and
  • RoW

 

Market Leaders

  • Hexagon AB (Sweden); 
  • InnovMetric Software Inc. (Canada);
  • CHOTEST TECHNOLOGY INC. (China);
  • Mitutoyo Corp. (Japan);
  • 3D Systems, Inc. (US);
  • VMT GmbH (Germany)
Top Companies in North America  
  •  Faro Technologies, Inc. (US);
  • Automated Precision Inc. (US);
  • Hubbs Machine and Manufacturing Inc. (US); and
  • PLX Inc. (US)
Key Market Driver   High accuracy, precision, and portability of laser trackers
Key Market Opportunity  Increasing adoption of cloud computing
Largest Growing Region  Asia Pacific
Largest Market Share Segment  Aerospace and Defense
 Highest CAGR Segment  Laser tracker services
 Largest Application Market Share  Calibration applications

This report categorizes the laser tracker market based on Offering, Application, Industry, and Region

Laser Tracker Market, by Offering

  • Hardware
  • Software
  • Services

Laser Tracker Market, by Application

  • Quality Control and Inspection
  • Alignment
  • Reverse Engineering,
  • Calibration

Laser Tracker Market, by Industry

  • Automotive
  • Aerospace and Defense
  • Energy and Power
  • General Manufacturing
  • Architecture and Construction
  • Transportation
  • Others

Laser Tracker Market, by Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Rest of Asia Pacific
  • RoW
    • Middle East & Africa
    • South America

Recent Developments

  • In June 2022, Hexagon launched the Leica Absolute Tracker AT500 that automatically re-establishes interrupted lines of sight within a wide field of view without any user interaction. It offers reflector measurement up to 160 meters from the tracker to simplified 6DoF probing functionality.
  • In April 2022, Hexagon launched a new wireless laser tracker automation system that can deliver accuracy within 50 microns throughout a measuring volume of 60 meters in diameter, independent of robot accuracy. Up to four robot-based scanner systems can work in parallel with WRTL.
  • In April 2022, InnovMetric launched PolyWorks 2022, the latest release of its smart 3D metrology digital ecosystem. PolyWorks 2022 offers new functionalities that significantly expand the capabilities of its ecosystem foundations. It facilitates multipiece inspection when CAD data is not available.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 29)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION
    1.3 STUDY SCOPE
           1.3.1 MARKETS COVERED
                    FIGURE 1 LASER TRACKER MARKET SCOPE
           1.3.2 GEOGRAPHIC SCOPE
    1.4 YEARS CONSIDERED
    1.5 CURRENCY CONSIDERED
    1.6 UNIT CONSIDERED
    1.7 LIMITATIONS
    1.8 STAKEHOLDERS
    1.9 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 34)
    2.1 RESEARCH DATA
           FIGURE 2 MARKET SIZE ESTIMATION PROCESS FLOW
           FIGURE 3 MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Major secondary sources
                    2.1.1.2 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 List of key primary interview participants
                    2.1.2.2 Key data from primary sources
                    2.1.2.3 Key industry insights
                    2.1.2.4 Breakdown of primaries
           2.1.3 SECONDARY AND PRIMARY RESEARCH
    2.2 MARKET SIZE ESTIMATION
           FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): REVENUE GENERATED FROM SALES OF LASER TRACKERS IN 2021
           FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE): ILLUSTRATION OF REVENUE ESTIMATION OF ONE COMPANY FROM SALES OF LASER TRACKERS IN 2021
           FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 (DEMAND SIDE): ESTIMATION OF MARKET SIZE, BY INDUSTRY
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach for capturing market size by bottom-up analysis (demand side)
                               FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach for capturing market size by top-down analysis (supply side)
                               FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
           2.2.3 MARKET SHARE ESTIMATION
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 9 MARKET BREAKDOWN AND DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS
           TABLE 1 ASSUMPTIONS FOR RESEARCH STUDY
           2.4.1 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST
    2.5 RESEARCH LIMITATIONS
    2.6 RISK ASSESSMENT

3 EXECUTIVE SUMMARY (Page No. - 46)
    FIGURE 10 MARKET FOR SERVICES TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
    FIGURE 11 QUALITY CONTROL & INSPECTION APPLICATION TO HOLD LARGEST SHARE OF MARKET THROUGHOUT FORECAST PERIOD
    FIGURE 12  MARKET, BY INDUSTRY, 2022
    FIGURE 13 MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 50)
    4.1 ATTRACTIVE OPPORTUNITIES FOR MARKET PLAYERS
           FIGURE 14 HIGH DEMAND FOR LASER TRACKERS FROM AUTOMOTIVE AND AEROSPACE & DEFENSE INDUSTRIES TO DRIVE MARKET GROWTH FROM 2022 TO 2027
    4.2  MARKET, BY OFFERING
           FIGURE 15 HARDWARE SEGMENT TO HOLD LARGEST SHARE OF LASER TRACKER MARKET DURING FORECAST PERIOD
    4.3 MARKET, BY APPLICATION
           FIGURE 16 QUALITY CONTROL & INSPECTION SEGMENT TO HOLD MAJORITY OF MARKET SHARE IN 2027
    4.4 MARKET IN ASIA PACIFIC, BY COUNTRY AND INDUSTRY
           FIGURE 17 AUTOMOTIVE INDUSTRY AND CHINA TO BE MAJOR STAKEHOLDERS IN  MARKET IN ASIA PACIFIC IN 2022
    4.5 GEOGRAPHIC ANALYSIS OF MARKET
           FIGURE 18 INDIA TO EXHIBIT HIGHEST CAGR IN GLOBAL MARKET DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 53)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 19 LASER TRACKER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    FIGURE 20 DRIVERS AND THEIR IMPACT ON MARKET
                    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 launching 3D metrology products
                    5.2.1.4 Greater reliance of manufacturing firms on 3D data to assess product quality and performance
           5.2.2 RESTRAINTS
                    FIGURE 21 RESTRAINT AND THEIR IMPACT ON MARKET
                    5.2.2.1 Availability of substitutes, such as laser radars, to carry out inspection and calibration tasks
                               TABLE 2 COMPARISON BETWEEN LASER TRACKERS AND LASER RADARS
           5.2.3 OPPORTUNITIES
                    FIGURE 22 OPPORTUNITIES AND THEIR IMPACT ON MARKET
                    5.2.3.1 Growing trend of outsourcing 3D metrology services
                    5.2.3.2 Increasing adoption of cloud computing
           5.2.4 CHALLENGES
                    FIGURE 23 CHALLENGES AND THEIR IMPACT ON  MARKET
                    5.2.4.1 Addressing alignment errors in laser trackers
    5.3 VALUE CHAIN ANALYSIS
           FIGURE 24 VALUE CHAIN ANALYSIS: MAJOR VALUE ADDED BY ORIGINAL EQUIPMENT MANUFACTURERS
    5.4 LASER TRACKER ECOSYSTEM
           FIGURE 25 ECOSYSTEM OF  MARKET
           TABLE 3 COMPANIES AND THEIR ROLE IN LASER TRACKER ECOSYSTEM
    5.5 TECHNOLOGY ANALYSIS
    5.6 PATENT ANALYSIS
           FIGURE 26 NUMBER OF PATENTS GRANTED PER YEAR FROM 2012 TO 2021
           FIGURE 27 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS
           TABLE 4 LIST OF TOP PATENT OWNERS IN LAST 10 YEARS
           5.6.1 LIST OF MAJOR PATENTS
                    TABLE 5 LIST OF MAJOR PATENTS
    5.7 CASE STUDY ANALYSIS
           5.7.1 API HELPS TACQUET INDUSTRIES TO MACHINE 7 M DIAMETER TURBINE WHEEL CASING ACCURATELY
           5.7.2 ACQUIP HELPS IN ALIGNMENT MEASUREMENTS AND ADJUSTMENTS OF GUIDE RAILS USING FARO VANTAGE LASER TRACKER
           5.7.3 API SERVICES HELP AMTDC ACHIEVE HIGHEST ACCURACY IN INDUSTRIAL ROBOTS
           5.7.4 API SERVICES HELP FLYING-S UNLOCK FULL POTENTIAL OF ITS MACHINE TOOLS
           5.7.5 PCM INNOVATION ACHIEVES AGILE MANUFACTURING IN AEROSPACE INSPECTION WITH FARO SOFTWARE AND FARO LASER TRACKER
           5.7.6 BMW GROUP USES HEXAGON’S LASER TRACKERS TO OPTIMIZE AUTOMOTIVE MANUFACTURING PROCESS
    5.8 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS
           FIGURE 28 TRENDS AND DISRUPTIONS IN LASER TRACKER MARKET
    5.9 TRADE ANALYSIS
           FIGURE 29 IMPORT DATA FOR HS CODE 903180, BY COUNTRY, 2017–2021
           FIGURE 30 EXPORT DATA FOR HS CODE 903180, BY COUNTRY, 2017–2021
    5.10 PORTER’S FIVE FORCES ANALYSIS
           TABLE 6 MARKET: 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
           TABLE 7 TARIFFS FOR INSTRUMENTS, APPLIANCES, AND MACHINES EXPORTED BY US FOR MEASURING FUNCTION WITH HS CODE 903180
           TABLE 8 TARIFFS FOR INSTRUMENTS, APPLIANCES, AND MACHINES EXPORTED BY CHINA FOR MEASURING FUNCTION WITH HS CODE 903180
    5.12 STANDARDS AND REGULATIONS
           5.12.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 9 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 10 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 11 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 12 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.12.2 ISO AND IEC STANDARDS
           5.12.3 CLASSIFICATION OF LASER STANDARDS
                     TABLE 13 CLASSIFICATION CRITERIA OF DIFFERENT LASER STANDARDS
           5.12.4 INGRESS PROTECTION (IP) RATINGS
                     TABLE 14 INGRESS PROTECTION (IP) RATINGS
           5.12.5 RESTRICTION OF HAZARDOUS SUBSTANCES (ROHS) AND WASTE ELECTRICAL AND ELECTRONIC EQUIPMENT (WEEE)
           5.12.6 REGISTRATION, EVALUATION, AUTHORISATION AND RESTRICTION OF CHEMICALS (REACH)
           5.12.7 GENERAL DATA PROTECTION REGULATION (GDPR)
           5.12.8 IMPORT–EXPORT LAWS
    5.13 KEY STAKEHOLDERS AND BUYING CRITERIA
           5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS
                     FIGURE 31 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 APPLICATIONS
                     TABLE 15 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 INDUSTRIES (%)
           5.13.2 BUYING CRITERIA
                     FIGURE 32 KEY BUYING CRITERIA FOR TOP 3 INDUSTRIES
                     TABLE 16 KEY BUYING CRITERIA FOR TOP 3 INDUSTRIES
    5.14 PRICING ANALYSIS
           FIGURE 33 AVERAGE SELLING PRICE TRENDS
           5.14.1 ASP ANALYSIS OF LASER TRACKERS OFFERED BY MARKET PLAYERS FOR TOP 3 INDUSTRIES
                     FIGURE 34 AVERAGE SELLING PRICE ANALYSIS OF LASER TRACKER PRODUCTS OFFERED BY MARKET PLAYERS FOR TOP 3 INDUSTRIES
                     TABLE 17 AVERAGE SELLING PRICE ANALYSIS OF LASER TRACKERS OFFERED BY MARKET PLAYERS FOR TOP 3 INDUSTRIES
    5.15 KEY CONFERENCES AND EVENTS, 2022–2023
          TABLE 18 MARKET: DETAILED LIST OF CONFERENCES AND EVENTS

6 LASER TRACKER MARKET, BY OFFERING (Page No. - 89)
    6.1 INTRODUCTION
           FIGURE 35 HARDWARE TO HOLD LARGEST SHARE OF MARKET IN 2027
           TABLE 19 MARKET, BY OFFERING, 2018–2021 (USD MILLION)
           TABLE 20 MARKET, BY OFFERING, 2022–2027 (USD MILLION)
           TABLE 21 LASER TRACKER HARDWARE MARKET, BY TYPE, 2018–2021 (USD MILLION)
           TABLE 22 LASER TRACKER HARDWARE MARKET, BY TYPE, 2022–2027 (USD MILLION)
           TABLE 23 LASER TRACKER HARDWARE MARKET, BY EQUIPMENT, 2018–2021 (UNITS)
           TABLE 24 LASER TRACKER HARDWARE MARKET, BY EQUIPMENT, 2022–2027 (UNITS)
    6.2 HARDWARE
           6.2.1 LASER TRACKER HEAD
                    6.2.1.1 Most critical component of laser trackers
           6.2.2 LASER TRACKER CONTROLLER
                    6.2.2.1 Enables communication with laser tracker measuring head
           6.2.3 LASER TRACKER TARGET
                    6.2.3.1 Important component for smooth functioning of laser trackers
                    6.2.3.2 Retroreflector
                               6.2.3.2.1 Most popular and commonly used component in spherically mounted retroreflector
                               6.2.3.2.2 Spherically mounted retroreflector (SMR)
                               6.2.3.2.3 Ball-mounted hollow retroreflector (BMR)
                                             6.2.3.2.3.1 Hydrophobic
                                             6.2.3.2.3.2 Stainless steel
                                             6.2.3.2.3.3 Ceramic
                                             6.2.3.2.3.4 Durable
                    6.2.3.3 Cateye target
                               6.2.3.3.1 Designed for wide acceptance angle applications of laser trackers
                    6.2.3.4 Repeatability target
                               6.2.3.4.1 Used in large quantities to study change or drift in objects over time
           6.2.4 LASER TRACKER PROBE
                    6.2.4.1 Facilitates effective measurement of surface features such as holes, small pockets, and corners
           6.2.5 COMPUTER SYSTEM
                    6.2.5.1 Responsible for controlling laser tracker functions
           6.2.6 ESSENTIAL ACCESSORIES
                    6.2.6.1 Sensor cable
                               6.2.6.1.1 Provides necessary data to sensors in laser trackers
                    6.2.6.2 Stand, tripod, and interface
                               6.2.6.2.1 Offer benefit of portability and stability
                    6.2.6.3 Power supply unit, power cable, and battery charger
                               6.2.6.3.1 Necessary for battery-powered and wireless laser trackers
                    6.2.6.4 Others
    6.3 SOFTWARE
           6.3.1 HELPS ACQUIRE AND PROCESS DATA COLLECTED FROM LASER TRACKERS
    6.4 SERVICES
           6.4.1 AFTER-SALES SERVICES
                    6.4.1.1 Need for system upgrades and annual maintenance drives demand for after-sales services
           6.4.2 MEASUREMENT SERVICES
                    6.4.2.1 Include inspection and alignment, reverse engineering, machine tool calibration, and laser tracker calibration services
           6.4.3 STORAGE-AS-A-SERVICE
                    6.4.3.1 Focus of companies on adopting cost-reducing measures to boost market growth

7 LASER TRACKER MARKET, BY APPLICATION (Page No. - 98)
    7.1 INTRODUCTION
           FIGURE 36 QUALITY CONTROL & INSPECTION APPLICATION TO HOLD LARGEST SHARE OF LASER TRACKER MARKET THROUGHOUT FORECAST PERIOD
           TABLE 25 MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
           TABLE 26 MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
    7.2 QUALITY CONTROL & INSPECTION
           7.2.1 AUTOMOTIVE INDUSTRY ADOPTS LASER TRACKERS FOR QUICK AND PRECISE MEASUREMENTS
                    TABLE 27 QUALITY CONTROL & INSPECTION: MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
                    TABLE 28 QUALITY CONTROL & INSPECTION: MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)
    7.3 ALIGNMENT
           7.3.1 AUTOMOTIVE AND AEROSPACE INDUSTRIES USE LASER TRACKERS TO DETERMINE OPTICAL COORDINATES
                    TABLE 29 ALIGNMENT: MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
                    TABLE 30 ALIGNMENT: MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)
    7.4 REVERSE ENGINEERING
           7.4.1 LASER TRACKRS ARE USED TO GENERATE DIGITAL MODELING OF COMPONENTS IN PRECISION MANUFACTURING
                    TABLE 31 REVERSE ENGINEERING: MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
                    TABLE 32 REVERSE ENGINEERING: MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)
    7.5 CALIBRATION
           7.5.1 LASER TRACKERS ARE ADOPTED TO CALIBRATE INDUSTRIAL ROBOTS
                    TABLE 33 CALIBRATION: MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
                    TABLE 34 CALIBRATION: MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)

8 LASER TRACKER MARKET, BY INDUSTRY (Page No. - 107)
    8.1 INTRODUCTION
           FIGURE 37 AUTOMOTIVE INDUSTRY TO HOLD LARGEST SHARE OF LASER TRACKER MARKET DURING FORECAST PERIOD
           TABLE 35 MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
           TABLE 36 MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)
    8.2 AUTOMOTIVE
           8.2.1 INSPECTION, ALIGNMENT, AND CALIBRATION TASKS IN AUTOMOTIVE INDUSTRY TO CREATE NEED FOR LASER TRACKERS
                    TABLE 37 AUTOMOTIVE: MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                    TABLE 38 AUTOMOTIVE: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                    TABLE 39 AUTOMOTIVE: MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 40 AUTOMOTIVE: MARKET, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 41 AUTOMOTIVE: MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)
                    TABLE 42 AUTOMOTIVE: MARKET IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)
                    TABLE 43 AUTOMOTIVE: MARKET IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION)
                    TABLE 44 AUTOMOTIVE: MARKET IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION)
                    TABLE 45 AUTOMOTIVE: MARKET IN ASIA PACIFIC, BY COUNTRY, 2018–2021 (USD MILLION)
                    TABLE 46 AUTOMOTIVE: MARKET IN ASIA PACIFIC, BY COUNTRY, 2022–2027 (USD MILLION)
                    TABLE 47 AUTOMOTIVE: MARKET IN ROW, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 48 AUTOMOTIVE: MARKET IN ROW, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 49 AUTOMOTIVE: MARKET IN SOUTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)
                    TABLE 50 AUTOMOTIVE: MARKET IN SOUTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)
    8.3 AEROSPACE & DEFENSE
           8.3.1 REVERSE ENGINEERING, SHAFT ALIGNMENT, AND 3D MEASUREMENT OF AIRCRAFT COMPONENTS BOOST MARKET GROWTH
                    TABLE 51 AEROSPACE & DEFENSE: MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                    TABLE 52 AEROSPACE & DEFENSE: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                    TABLE 53 AEROSPACE & DEFENSE: MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 54 AEROSPACE & DEFENSE: MARKET, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 55 AEROSPACE & DEFENSE: MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)
                    TABLE 56 AEROSPACE & DEFENSE: MARKET IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)
                    TABLE 57 AEROSPACE & DEFENSE: MARKET IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION)
                    TABLE 58 AEROSPACE & DEFENSE: MARKET IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION)
                    TABLE 59 AEROSPACE & DEFENSE: MARKET IN ASIA PACIFIC, BY COUNTRY, 2018–2021 (USD MILLION)
                    TABLE 60 AEROSPACE & DEFENSE: MARKET IN ASIA PACIFIC, BY COUNTRY, 2022–2027 (USD MILLION)
                    TABLE 61 AEROSPACE & DEFENSE: MARKET IN ROW, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 62 AEROSPACE & DEFENSE: MARKET IN ROW, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 63 AEROSPACE & DEFENSE: MARKET IN SOUTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)
                    TABLE 64 AEROSPACE & DEFENSE: MARKET IN SOUTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)
    8.4 ENERGY & POWER
           8.4.1 PRECISE AND ACCURATE MEASUREMENT, ALIGNMENT, AND INSPECTION OF TURBINES, BEARINGS, AND GENERATORS TO PROPEL MARKET GROWTH
                    TABLE 65 ENERGY & POWER: MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                    TABLE 66 ENERGY & POWER: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                    TABLE 67 ENERGY & POWER: MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 68 ENERGY & POWER: MARKET, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 69 ENERGY & POWER: MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)
                    TABLE 70 ENERGY & POWER: MARKET IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)
                    TABLE 71 ENERGY & POWER: MARKET IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION)
                    TABLE 72 ENERGY & POWER: MARKET IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION)
                    TABLE 73 ENERGY & POWER: MARKET IN ASIA PACIFIC, BY COUNTRY, 2018–2021 (USD MILLION)
                    TABLE 74 ENERGY & POWER: MARKET IN ASIA PACIFIC, BY COUNTRY, 2022–2027 (USD MILLION)
                    TABLE 75 ENERGY & POWER: MARKET IN ROW, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 76 ENERGY & POWER: MARKET IN ROW, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 77 ENERGY & POWER: MARKET IN SOUTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)
                    TABLE 78 ENERGY & POWER: MARKET IN SOUTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)
    8.5 GENERAL MANUFACTURING
           8.5.1 HIGH DEMAND FROM MANUFACTURING FIRMS TO REDUCE OPERATOR INTERACTION IN QUALITY CONTROL PROCESSES
                    TABLE 79 GENERAL MANUFACTURING: MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                    TABLE 80 GENERAL MANUFACTURING: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                    TABLE 81 GENERAL MANUFACTURING: MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 82 GENERAL MANUFACTURING: MARKET, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 83 GENERAL MANUFACTURING: MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)
                    TABLE 84 GENERAL MANUFACTURING: MARKET IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)
                    TABLE 85 GENERAL MANUFACTURING: MARKET IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION)
                    TABLE 86 GENERAL MANUFACTURING: MARKET IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION)
                    TABLE 87 GENERAL MANUFACTURING: MARKET IN PACIFIC, BY COUNTRY, 2018–2021 (USD MILLION)
                    TABLE 88 GENERAL MANUFACTURING: MARKET IN ASIA PACIFIC, BY COUNTRY, 2022–2027 (USD MILLION)
                    TABLE 89 GENERAL MANUFACTURING: MARKET IN ROW, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 90 GENERAL MANUFACTURING: MARKET IN ROW, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 91 GENERAL MANUFACTURING: MARKET IN SOUTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)
                    TABLE 92 GENERAL MANUFACTURING: MARKET IN SOUTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)
    8.6 ARCHITECTURE AND CONSTRUCTION
           8.6.1 REAL-TIME INSPECTION AND ALIGNMENT REQUIREMENTS IN CONSTRUCTION INDUSTRY TO CREATE GROWTH OPPORTUNITIES
                    TABLE 93 ARCHITECTURE & CONSTRUCTION: MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                    TABLE 94 ARCHITECTURE & CONSTRUCTION: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                    TABLE 95 ARCHITECTURE & CONSTRUCTION: MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 96 ARCHITECTURE & CONSTRUCTION: MARKET, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 97 ARCHITECTURE & CONSTRUCTION: MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)
                    TABLE 98 ARCHITECTURE & CONSTRUCTION: MARKET IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)
                    TABLE 99 ARCHITECTURE & CONSTRUCTION: MARKET IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION)
                    TABLE 100 ARCHITECTURE & CONSTRUCTION: MARKET IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION)
                    TABLE 101 ARCHITECTURE & CONSTRUCTION: MARKET IN ASIA PACIFIC, BY COUNTRY, 2018–2021 (USD MILLION)
                    TABLE 102 ARCHITECTURE & CONSTRUCTION: MARKET IN ASIA PACIFIC, BY COUNTRY, 2022–2027 (USD MILLION)
                    TABLE 103 ARCHITECTURE & CONSTRUCTION:  MARKET IN ROW, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 104 ARCHITECTURE & CONSTRUCTION: MARKET IN ROW, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 105 ARCHITECTURE & CONSTRUCTION: MARKET IN SOUTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)
                    TABLE 106 ARCHITECTURE & CONSTRUCTION: MARKET IN SOUTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)
    8.7 TRANSPORTATION
           8.7.1 FLEXIBILITY, PRECISION, AND ACCURACY OF LASER TRACKERS ENCOURAGE ADOPTION IN ALIGNMENT APPLICATIONS
                    TABLE 107 TRANSPORTATION: MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
                    TABLE 108 TRANSPORTATION: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
                    TABLE 109 TRANSPORTATION: MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 110 TRANSPORTATION: MARKET, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 111 TRANSPORTATION: MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)
                    TABLE 112 TRANSPORTATION: MARKET IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)
                    TABLE 113 TRANSPORTATION: MARKET IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION)
                    TABLE 114 TRANSPORTATION: MARKET IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION)
                    TABLE 115 TRANSPORTATION: MARKET IN ASIA PACIFIC, BY COUNTRY, 2018–2021 (USD MILLION)
                    TABLE 116 TRANSPORTATION: MARKET IN ASIA PACIFIC, BY COUNTRY, 2022–2027 (USD MILLION)
                    TABLE 117 TRANSPORTATION: MARKET IN ROW, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 118 TRANSPORTATION: MARKET IN ROW, BY REGION, 2022–2027 (USD MILLION)
                    TABLE 119 TRANSPORTATION: MARKET IN SOUTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)
                    TABLE 120 TRANSPORTATION: MARKET IN SOUTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)
    8.8 OTHERS
           TABLE 121 OTHERS: MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
           TABLE 122 OTHERS: MARKET, BY APPLICATION, 2022–2027 (USD MILLION)
           TABLE 123 OTHERS: MARKET, BY REGION, 2018–2021 (USD MILLION)
           TABLE 124 OTHERS: MARKET, BY REGION, 2022–2027 (USD MILLION)
           TABLE 125 OTHERS: MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)
           TABLE 126 OTHERS: MARKET IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)
           TABLE 127 OTHERS: MARKET IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION)
           TABLE 128 OTHERS: MARKET IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION)
           TABLE 129 OTHERS: MARKET IN ASIA PACIFIC, BY COUNTRY, 2018–2021 (USD MILLION)
           TABLE 130 OTHERS: MARKET IN ASIA PACIFIC, BY COUNTRY, 2022–2027 (USD MILLION)
           TABLE 131 OTHERS: MARKET IN ROW, BY REGION, 2018–2021 (USD MILLION)
           TABLE 132 OTHERS: MARKET IN ROW, BY REGION, 2022–2027 (USD MILLION)
           TABLE 133 OTHERS: MARKET IN SOUTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION)
           TABLE 134 OTHERS: MARKET IN SOUTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION)

9 LASER TRACKER MARKET, BY REGION (Page No. - 144)
    9.1 INTRODUCTION
           FIGURE 38 GEOGRAPHIC ANALYSIS: LASER TRACKER MARKET (2022–2027)
           TABLE 135 MARKET, BY REGION, 2018–2021 (USD MILLION)
           TABLE 136 MARKET, BY REGION, 2022–2027 (USD MILLION)
    9.2 NORTH AMERICA
           FIGURE 39 SNAPSHOT OF MARKET IN NORTH AMERICA
           TABLE 137 NORTH AMERICA: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
           TABLE 138 NORTH AMERICA: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
           TABLE 139 NORTH AMERICA: LMARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
           TABLE 140 NORTH AMERICA: MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)
           9.2.1 US
                    9.2.1.1 Accounted for largest share of North American laser tracker market in 2021
           9.2.2 CANADA
                    9.2.2.1 Automotive and aerospace industries to drive market growth
           9.2.3 MEXICO
                    9.2.3.1 Expected to record highest CAGR in North American market during forecast period
    9.3 EUROPE
           FIGURE 40 SNAPSHOT OF LASER TRACKER MARKET IN EUROPE
           TABLE 141 EUROPE: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
           TABLE 142 EUROPE: MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
           TABLE 143 EUROPE: MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
           TABLE 144 EUROPE: MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)
           9.3.1 GERMANY
                    9.3.1.1 Likely to lead European laser tracker market in coming years
           9.3.2 UK
                    9.3.2.1 Thriving aerospace industry to boost laser tracker market growth
           9.3.3 FRANCE
                    9.3.3.1 Investments by government in automotive industry to create opportunities for laser tracker providers
           9.3.4 ITALY
                    9.3.4.1 Incentive plans to boost productivity in manufacturing to create opportunities for laser tracker manufacturers
           9.3.5 SPAIN
                    9.3.5.1 Aerospace & defense industry to support market growth
           9.3.6 REST OF EUROPE
    9.4 ASIA PACIFIC
           FIGURE 41 SNAPSHOT OF MARKET IN ASIA PACIFIC
           TABLE 145 ASIA PACIFIC: MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
           TABLE 146 ASIA PACIFIC:MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
           TABLE 147 ASIA PACIFIC: MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
           TABLE 148 ASIA PACIFIC:  MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)
           9.4.1 CHINA
                    9.4.1.1 Likely to lead laser tracker market in Asia Pacific
           9.4.2 JAPAN
                    9.4.2.1 Increased demand for robots by manufacturing firms to stimulate need for laser trackers
           9.4.3 SOUTH KOREA
                    9.4.3.1 Smart factory initiatives to generate demand for laser trackers
           9.4.4 INDIA
                    9.4.4.1 Likely to register highest CAGR in Asia Pacific market during forecast period
           9.4.5 REST OF ASIA PACIFIC
    9.5 ROW
           TABLE 149 ROW: MARKET, BY REGION, 2018–2021 (USD MILLION)
           TABLE 150 ROW: MARKET, BY REGION, 2022–2027 (USD MILLION)
           TABLE 151 ROW: MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)
           TABLE 152 ROW: MARKET, BY INDUSTRY, 2022–2027 (USD MILLION)
           9.5.1 MIDDLE EAST AND AFRICA
                    9.5.1.1 Construction and infrastructure development projects to drive market growth
           9.5.2 SOUTH AMERICA
                    9.5.2.1 Brazil

                    9.5.2.2 Rest of South America

10 COMPETITIVE LANDSCAPE (Page No. - 163)
     10.1 OVERVIEW
     10.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
             TABLE 153 OVERVIEW OF STRATEGIES ADOPTED BY COMPANIES IN MARKET
     10.3 FIVE-YEAR COMPANY REVENUE ANALYSIS
             FIGURE 42 FIVE-YEAR REVENUE ANALYSIS OF TOP PLAYERS IN MARKET
     10.4 MARKET SHARE ANALYSIS, 2021
             TABLE 154  MARKET: DEGREE OF COMPETITION
     10.5 COMPANY EVALUATION QUADRANT
             10.5.1 STARS
             10.5.2 EMERGING LEADERS
             10.5.3 PERVASIVE PLAYERS
             10.5.4 PARTICIPANTS
                        FIGURE 43 MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2021
     10.6 STARTUP/SME EVALUATION QUADRANT
             10.6.1 PROGRESSIVE COMPANIES
             10.6.2 RESPONSIVE COMPANIES
             10.6.3 DYNAMIC COMPANIES
             10.6.4 STARTING BLOCKS
                        FIGURE 44 MARKET: STARTUP/SME EVALUATION QUADRANT, 2021
     10.7 MARKET: COMPANY PRODUCT FOOTPRINT
             TABLE 155 PRODUCT FOOTPRINT OF COMPANIES
             TABLE 156 INDUSTRY FOOTPRINT OF COMPANIES
             TABLE 157 APPLICATION FOOTPRINT OF COMPANIES
             TABLE 158 REGION FOOTPRINT OF COMPANIES
     10.8 MARKET: COMPETITIVE BENCHMARKING
             TABLE 159 MARKET: DETAILED LIST OF KEY STARTUPS/SMES
             TABLE 160 MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, BY INDUSTRY
             TABLE 161 MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, BY APPLICATION
             TABLE 162 MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES, BY REGION
     10.9 COMPETITIVE SCENARIOS AND TRENDS
             TABLE 163 MARKET: TOP PRODUCT LAUNCHES AND DEVELOPMENTS, JANUARY 2020 TO JUNE 2022
             TABLE 164 MARKET: TOP DEALS AND OTHER DEVELOPMENTS, JANUARY 2020 TO JUNE 2022

11 COMPANY PROFILES (Page No. - 180)
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))* 
     11.1 KEY PLAYERS
             11.1.1 HEXAGON AB
                        TABLE 165 HEXAGON AB: COMPANY OVERVIEW
                        FIGURE 45 HEXAGON AB: COMPANY SNAPSHOT
             11.1.2 FARO TECHNOLOGIES, INC.
                        TABLE 166 FARO TECHNOLOGIES, INC.: COMPANY OVERVIEW
                        FIGURE 46 FARO TECHNOLOGIES, INC.: COMPANY SNAPSHOT
             11.1.3 AUTOMATED PRECISION, INC.
                        TABLE 167 AUTOMATED PRECISION, INC.: COMPANY OVERVIEW
             11.1.4 SGS
                        TABLE 168 SGS: COMPANY OVERVIEW
                        FIGURE 47 SGS: COMPANY SNAPSHOT
             11.1.5 HUBBS MACHINE & MANUFACTURING INC.
                        TABLE 169 HUBBS MACHINE & MANUFACTURING INC.: COMPANY OVERVIEW
             11.1.6 MITUTOYO CORPORATION
                        TABLE 170 MITUTOYO CORPORATION: COMPANY OVERVIEW
             11.1.7 VMT GMBH
                        TABLE 171 VMT GMBH: COMPANY OVERVIEW
             11.1.8 ON-TRAK PHOTONICS, INC.
                        TABLE 172 ON-TRAK PHOTONICS, INC.: COMPANY OVERVIEW
             11.1.9 CHOTEST TECHNOLOGY INC.
                        TABLE 173 CHOTEST TECHNOLOGY INC.: COMPANY OVERVIEW
             11.1.10 INNOVMETRIC SOFTWARE INC.
                        TABLE 174 INNOVMETRIC SOFTWARE INC.: COMPANY OVERVIEW
     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 VARIATION REDUCTION SOLUTIONS, INC.
             11.2.5 BRUNSON INSTRUMENT COMPANY
             11.2.6 MACTECH ONSITE FIELD 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 DIVERSE DIMENSIONS
             11.2.11 MANCHESTER METROLOGY LIMITED
             11.2.12 PLX INC
             11.2.13 OASIS ALIGNMENT SERVICES
             11.2.14 3D ENGINEERING SOLUTIONS
             11.2.15 SCHAEFFER PRECISION ALIGNMENT, INC.
             11.2.16 LEISTERTECH
             11.2.17 AURUM 3D
             11.2.18 NEBULA3D SERVICES
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.  

12 APPENDIX (Page No. - 211)
     12.1 DISCUSSION GUIDE
     12.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     12.3 CUSTOMIZATION OPTIONS
     12.4 RELATED REPORTS
     12.5 AUTHOR DETAILS

The study involved 4 major activities to estimate the size of the laser tracker market. Exhaustive secondary research has been conducted to collect information on the laser tracker market. Validation of these findings, assumptions, and sizing with industry experts across value chain through primary research has been the next step. Both, top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation have been used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research, various secondary sources have been referred to for identifying and collecting information important for this study. Secondary sources include corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers, machine condition monitoring related journals, and certified publications; articles from recognized authors; gold and silver standard websites; directories; and databases. National Institute of Standards and Technology, Coordinate Metrology Society (CMS), EURAMET, American Society of Mechanical Engineers, Metrology News E-Zine, Quality Magazine, and National Physical Laboratory are a few examples of secondary sources.

Primary Research

In the primary research, various primary sources from both the supply and demand sides have been interviewed with to obtain the qualitative and quantitative information for this report. Primary sources from the supply side include industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related key executives from major companies and organizations operating in the laser tracker market. Following is the breakdown of primary respondents.

Laser Tracker Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both, top-down and bottom-up approaches have been used to estimate and validate the size of the overall laser tracker market and the market based on subsegments. The research methodology used to estimate the market size has been given below:

  • Analyzing the presence of major companies in each country and identifying hardware, software, and service providers in the laser tracker market
  • Identifying major industries adopting laser trackers in different countries and regions
  • Estimating the industry-specific market size in these countries and adding the market size of each country to get a region-wise laser market size for every industry
  • Arriving at the size of the overall market by adding the market size of all industries

Laser Tracker Market Size, and Share

Data Triangulation

After arriving at the overall size of the laser tracker market from the estimation process explained above, the total market was split into several segments and subsegments. Market breakdown and data triangulation procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from demand and supply sides. Along with this, the market size was validated using the top-down and bottom-up approaches

Report Objectives

  • To define, describe, segment, and forecast the laser tracker market size, by offering, application, industry, and region, in terms of value
  • To describe and forecast the laser tracker market for hardware equipment, in terms of volume
  • To forecast the market size for various segments with respect to four main regions: North America, Europe, Asia Pacific, and Rest of the World (RoW)
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the laser tracker market
  • To provide an ecosystem analysis, case study analysis, patent analysis, technology analysis, pricing analysis, Porter’s five forces analysis, and regulations pertaining to the market
  • To provide a detailed overview of the value chain of the laser tracker ecosystem
  • To strategically analyze micromarkets with regard to individual growth trends, prospects, and contributions to the total market
  • To analyze opportunities for stakeholders by identifying high-growth segments of the market
  • To strategically profile the key players, comprehensively analyze their market position in terms of ranking and core competencies, and provide information about the competitive landscape of the market
  • To analyze strategic approaches such as product launches, acquisitions, agreements, and partnerships in the laser tracker market

Available Customizations

Along with the market data, MarketsandMarkets offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
Report Code
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Published ON
Aug, 2022
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