Laser Tracker Market 2019 Global Industry Analysis By Share, Key Company, Trends, Size, Technologies, Growth Factors, And Regional Forecast To 2023
Jan 15, 2019
The report on the global Laser Tracker market covers historical market trends, current market dynamics, market valuation by segmentation as well as region, key player's market share analysis, competitive landscape and supply chain analysis.
Pune, India - January 15, 2019 /MarketersMedia/ —
Market Highlights:
According to Market Research Future (MRFR), the global laser tracker market is set to strike a high CAGR of 12.5% during the forecast period 2018 to 2023. The valuation of the market is expected to touch USD 520 Mn by the end of 2023. Laser trackers are extensively used for the accurate measurement of large objects by determining the positions of optical targets. It has paved its way across different industry verticals and is projected to witness an upsurge in demand over the assessment period.
Laser trackers are used in the aerospace industry for the alignment of aircraft wings. It has also developed a core application in the automobile industry. The growth of these industries is poised to propel the expansion of the global laser tracker market in the forthcoming years.
These trackers are highly accurate and offer versatile mount, high precision, superfast Single Point Measuring, etc. In addition, the continuous research & development for the development of novel technologies are further expected to expedite the proliferation of the laser tracker market. Nevertheless, addressing alignment errors is a major challenge faced by the market which is forecasted to check the growth of the laser tracker market in the forthcoming years.
Get a Sample report @ https://www.marketresearchfuture.com/sample_request/6112
Major Key Players
• Faro (US),
• Hexagon (Sweden),
• API (US),
• VMT GmbH (Germany),
• On-Trak Photonics Inc. (US),
• SGS (Switzerland),
• Variation Reduction Solutions, Inc. (US),
• Brunson Instrument Company (US),
• Hubbs Machine and Manufacturing Inc. (US),
• PLX Inc. (US).
According to MRFR, The global Laser Tracker Market is expected to reach approximately USD 520 million by 2023 growing at ~12.5% CAGR over the forecast period 2018–2023.
Industry News:
In October 2018, FARO, the world's most trusted source for 3D measurement, realization and imaging technology, has announced the introduction of 6DoF Vantage series of laser trackers.
In October 2018, API, a pioneer in laser-based equipment for calibration and measurement, launched a new series of RADIAN Laser Trackers.
In November 2018, Mitutoyo, a Japanese multinational corporation specializing in measuring instruments has added “SpaceTrac Series” of laser trackers to its product line.
In December 2018, Laser measurement technology company API, a world leader on coordinate measurement solutions, has announced the launch of laser tracker-based robot calibration solution for increasing robot accuracy 12-fold.
Regional Analysis
The global laser tracker market, by region, has been segmented into North America, Europe Asia Pacific and the Rest of the World. Europe, at present, holds the pole position in the global market and is projected to retain its position through the forecast period. This region is the largest producer of automobiles, and the growth of its automotive sector is anticipated to reflect on the expansion of the laser tracker market. Germany, the UK, and France are the major country-level markets expected to contribute significantly towards the development of the laser tracker market.
Asia Pacific is expected to strike a relatively higher CAGR during the review period. The region poses immense potential and is prognosticated to benefit from the rising adoption of automation. The laser tracker market in the region is anticipated to be favored by the growth of end-user industries such as automotive, aerospace and others. The increasing application base of the technology such as reverse engineering, tool building, and setup is also presumed to catalyze the expansion of the laser tracker market over the next couple of years.
Segmentation
By component, the global laser tracker market has been segmented into hardware, software, and services. Among these, the hardware segment is further sub-segmented into laser tracker head, laser tracker controller, retroreflector, computer system, and essential accessories. The services segment is further sub-segmented into professional services and managed services.
By function, the laser tracker market has been segmented into quality control & inspection, alignment, reverse engineering, tool building and setup, automated assembly system.
By vertical, the global laser tracker market has been segmented into automotive, aerospace & defense, architecture & construction, energy & power, railways, shipbuilding, and others.
Browse Complete Report @ https://www.marketresearchfuture.com/reports/laser-tracker-market-6112
Target Audience
• Training and consulting service providers
• Support and Maintenance Service Providers
• Original equipment manufacturers (OEMs)
• ODM and OEM technology solution providers
• Small and large technology centers
• Laser tracker manufacturing companies
• Research institutes and organizations
• Market research and consulting firms
• Government bodies, venture capitalists, and private equity firms
List of Tables
Table 1 Laser Tracker Market: By Region, 2018-2023
Table 2 North America Laser Tracker Market: By Country, 2018-2023
Table 3 Europe Laser Tracker Market: By Country, 2018-2023
Table 4 Asia Pacific Laser Tracker Market: By Country, 2018-2023
Continued……
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact Info:
Name: abhishek Sawant
Organization: Market Research Future
Phone: +1 646 845 9312
Website: https://www.marketresearchfuture.com/reports/laser-tracker-market-6112
Source: MarketersMedia
Release ID: 470920
More News
US Solar Panel Makers Try to Catch China With a Big Leap in Technology
Manufacturers say they are close to perfecting a new, more efficient solar panel that could help the United States reclaim ground it lost.
What’s the Right “Level of Care” for A.I.?
Another executive departed OpenAI, raising questions about the company’s commitment to safety.
Russians Snap Up Chinese E.V.s as Ukrainian Attacks Make Fuel Scarce
As Ukraine increasingly takes the war to Russia, the effects may be most visible on the roads.
BT agrees rescue deal to buy broadband operator TalkTalk
The takeover still needs to be approved by the regulator, but would give certainty to TalkTalk's millions of customers
Why are data centres such a big deal in Scotland?
At least 23 huge data centres are planned in Scotland, causing significant concern for campaigners.
Trump chooses top spy boss to run new AI taskforce
The US president said his national intelligence chief will lead the group as worries over AI grow.
Average five-year mortgage rate hits 6% for first time in three years
The cost of a new fixed-rate mortgage has been rising in recent weeks as lenders face higher costs.
5 Challenges David Ellison Faces as He Snags His Hollywood Prize
The tech scion has given his combination of Warner Bros. Discovery and Paramount a new name: Skydance. Now he must make tough decisions about news, movies, streaming, sports and debt.
How to Get a VAT Tax Refund
Here are the steps to get your money back on VAT taxes, which are widespread in Europe and are bundled into the costs of certain items that travelers take home with them.
How to Get a VAT Tax Refund
Here are the steps to get your money back on VAT taxes, which are widespread in Europe and are bundled into the costs of certain items that travelers take home with them.
To Make More Money, Rolls-Royce Is Aiming Higher on Price, Not Production
The luxury carmaker is expanding its factory in Britain to focus on rarefied custom cars. First up is a $3.5 million-plus electric roadster.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.