According to a market report by Lucintel, the future of the laser tracker market looks promising with opportunities in the defense and aerospace, transportation, architecture and construction, energy and power, general manufacturing, and automotive industries. The global laser tracker market is expected to grow with a CAGR of 11% to 13% from 2021 to 2026. The major drivers for this market are increasing need for quality control & inspection, alignment, reverse engineering, and calibration across industries.
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In this market, quality control & inspection, alignment, calibration, and reverse engineering are the major application segments. Quality control & inspection will remain the largest application segment over the forecast period due to the increasing adoption of this technology by various manufacturing companies to strengthen their quality control.
Within the laser tracker market, the automotive end use industry is expected to witness the highest growth over the forecast period due to the use of laser trackers for inspection and products as well as critical equipment manufacturing in the automotive sector.
Europe will remain the largest region during the forecast period due to rapid industrialization and increasing adoption of new technologies across different end use industry verticals.
Brunson Instrument Company, Faro, On-Trak Photonics Inc., Variation Reduction Solutions, Inc., API, Hexagon, PLX Inc., VMT GmbH, Hubbs Machine and Manufacturing Inc., and SGS are some of the major laser tracker manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global laser tracker market by component, application, end use industry, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Laser Tracker Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global laser tracker market by component, application, end use industry, and region as follows:
By Component [$M shipment analysis for 2015 – 2026]:
Hardware
Software
Services
By Application [$M shipment analysis for 2015 – 2026]:
Calibration
Quality Control and Inspection
Reverse Engineering
Alignment
By End Use Industry [$M shipment analysis for 2015 – 2026]:
Defense and Aerospace
Transportation
Architecture and Construction
Energy and Power
General Manufacturing
Automotive
By Region [$M shipment analysis for 2015 – 2026]:
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Asia Pacific
China
Japan
India
South Korea
The Rest of the World
This research report of more than 150 pages will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
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