Laser Tracker Market Scope
Growing demand for research & development activities in 3D measurement technique has extremely improved the scope as well as the applicability of laser trackers. Laser tracker system is used for calculating the three-dimension aspects of the large object during the manufacturing process. It provides reliability, accuracy, and quality of inspection in the manufacturing process. Additionally, Laser tracker is used in robot tracking, calibration, testing, and maintenance. Aerospace and automation industry holds the major share in the global laser tracker market.
The market study is being classified by Type (Measured Radius <50má, Measured Radius 50-80má and Measured Radius >80m), by Application (Quality Control & Inspection, Alignment, Reverse Engineering and Calibration) and major geographies with country level break-up. According to AMA, the Global Laser Tracker market is expected to see growth rate of 12.24%
Faro (United States), API (United States), Hexagon (Sweden), VMT GmbH (Germany), On-Trak Photonics Inc. (United States), SGS (Switzerland), Variation Reduction Solutions, Inc. (United States), Brunson Instrument Company (United States), Hubbs Machine and Manufacturing Inc. (United States) and PLX Inc. (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are PES metrology (United Kingdom), Manchestor metrology (United Kingdom) and Quantam manufacturing limited (United Kingdom).
AdvanceMarketAnalytics has segmented the market of Global Laser Tracker market by Type, Application and Region.
On the basis of geography, the market of Laser Tracker has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by End-Use Industry , the sub-segment i.e. Automotive will boost the Laser Tracker market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Hardware [Laser Tracker Controller, Retro-Reflector, Essential Accessories, Computer System] will boost the Laser Tracker market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 10th October 2018, API has launched of its enhanced series of RADIAN Laser Trackers offering the lightest, most compact and highest accuracy trackers available. The extended RADIAN laser tracker range comprises three models; Radian Pro, Radian Plus and Radian Core.
On 2nd October 2018, FARO, the world's most trusted source for 3D measurement and imaging solutions for factory metrology, product design, construction BIM and public safety forensics has introduced next generation of FARO Laser Trackers, the 6DoF Vantage product family with 6Probe.
- Growing Demand due to the Automation of Robotic Systems
- Advancements in Distance Measurement Technology and Automation of Robotic Systems
- High Demand due to Improvements in Processing Speed
- High Accuracy, Precision, and Portability
- Growing Automotive Market to Boost Overall Manufacturing Process Requiring Condition Monitoring and Extrusion Press Alignment
- Availability of Other Substituteĺs Inspection Product
- Addressing Alignment Errors in Laser Trackers
Key Target AudienceODM and OEM Technology Solution Providers, Small and Large Technology Centers, Laser Tracker Manufacturing Companies, Research Institutes and Organizations, Market Research and Consulting Firms, Companies Providing Solutions in Various Industries That Use Laser Trackers, Government Bodies, Venture Capitalists, and Private Equity Firms and Other
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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