Laser Tracker Market worth 521.6 Million USD by 2023

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MarketsandMarkets Presents
Laser Tracker Market by Application (Quality
Control Inspection, Alignment, and Reverse
Engineering), Industry (Automotive, Aerospace
Defense, General Manufacturing, Energy Power),
and Geography - Global Forecast to 2023 The
laser tracker market is expected to grow from USD
290.9 Million in 2018 to USD 521.6 Million by
2023, at a CAGR of 12.39 between 2018 and 2023
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MarketsandMarkets Presents
Quality control inspection dominated the
overall laser tracker market in 2017 Among
applications, quality control inspection held
the largest share of the overall laser tracker
market in 2017. Download PDF Brochure _at_
https//www.marketsandmarkets.com/pdfdownloadNew.a
sp?id190633310 The increasing adoption of laser
trackers for quality control inspection owing
to their compactness, portability, repeatability,
and accuracy across industries such as
automotive, aerospace, power generation, and
machine alignment in manufacturing units is
driving the laser tracker market. The increasing
adoption of laser trackers across industries is
leading to advancements in technologies powering
such equipment. With the advent of technology,
laser trackers are now witnessing a new era of
acceptance levels in several industries.
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MarketsandMarkets Presents
Laser tracker market for automotive to grow at
highest CAGR during forecast period Automotive
manufacturing is complex and requires a wide
range of equipment. The automotive industry is a
technological trendsetter among manufacturing
industries. It deploys equipment that helps the
automotive industry speed up the manufacturing
process efficiently, which helps market products
quickly. Laser trackers are able to address the
challenge of quality assurance of large parts to
ensure periodic condition monitoring
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MarketsandMarkets Presents
Laser tracker market in APAC to grow at highest
CAGR during forecast period The laser tracker
market in APAC is expected to grow at the highest
CAGR during the forecast period. One of the key
drivers for the growth of the laser tracker
market in APAC is the growing focus of several
market players on the adoption of new
technologies. This region has become a global
focal point for major investments and business
expansion opportunities. The market in APAC is
expected to witness significant growth in sectors
such as automotive and aerospace.
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MarketsandMarkets Presents
Major players in the laser tracker market
include Faro (US), API (US), and Hexagon
(Sweden). Some of the other companies operating
in the laser tracker market are 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), and PLX Inc.
(US).
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MarketsandMarkets Presents
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MarketsandMarkets Presents
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