Laser Tracker Market worth $866 million by 2027 - Exclusive Report by MarketsandMarkets™

CHICAGO, Aug. 17, 2022 /PRNewswire/ -- 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, according to a new report by MarketsandMarkets™. The growth of the laser tracker market can be attributed to increased adoption of robotics along with laser trackers in developed countries.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=190633310

Browse in-depth TOC on "Laser Tracker Market" 
174 – Tables
47 – Figures
216 – Pages

Quality control and inspection to hold largest share of laser tracker market during the forecast period.

The quality control and inspection segment is expected to continue to hold the largest market share in the coming years owing to the proliferation of quality standards and quality assurance systems across various industries, such as automotive and aerospace & defense. Laser trackers have emerged as a simple, cost-effective tool used for dimensioning and quality control of large objects and alignment and leveling of production equipment.

Laser tracker market for automotive industry is expected to grow at the highest CAGR during the forecast period

Laser tracker market for automotive industry is expected to grow at the highest CAGR during the forecast period. The growing interest of companies in exploring emerging countries enables the growth of the automotive industry across multiple applications, such as alignment, reverse engineering, and quality control and inspection. Moreover, various auto manufacturers have started investing in new technologies such as laser trackers to add innovative features to modern-day automobiles, increase productivity, and fulfill the growing demand for automobiles.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=190633310

Laser tracker market in Europe is expected to hold the second largest size during the forecast period.

Laser tracker market in Europe is expected to hold the second largest size during the forecast period. Europe is among the worlds biggest producers of motor vehicles, and the automotive industry represents the largest private investor in research and development. Companies such as BMW have deployed Hexagon laser tracker solutions to boost their inspection efficiency and, ultimately, the quality of their products. Therefore, laser trackers are expected to have huge opportunities in the European market.

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. (US); and Brunson Instrument Company (US) are among a few of the players in the laser tracker market.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=190633310 

Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

Related Reports:

3D Metrology Market by Product Type (CMM, ODS, VMM, 3D AOI, 3D X-ray &CT), Application (Quality Control & Inspection, Reverse Engineering, Virtual Simulation), Offering, End-user Industry and Geography (2022-2027)

3D Scanner Market by Offering (Hardware, Software and Solutions, Services), Type (3D Laser Scanners, Structured Light Scanners), Range, Technology, Product, Application, End-Use Industry, Region (2021-2026)

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA: +1-888-600-6441 
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/laser-tracker-market.asp
Visit Our Web Site: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/laser-tracker.asp

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg