RoboInd market brief: Laser Tracker Market is entering a new expansion phase, with public market data placing the opportunity at USD 636 million in 2022 with a stated CAGR of 6.4%. The laser tracker market is expected to grow from USD 636 million in 2022 to USD 866 million by.
Market snapshot
- USD 636 million in 2022
- USD 866 million in 2027
The stated growth rate is 6.4% CAGR for the published forecast window (2022–2027).
What is changing
The laser tracker market is expected to grow from USD 636 million in 2022 to USD 866 million by 2027, at a compound annual growth rate (CAGR) of 6.4% during the forecast period.The Top Players 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).
Key market signals include High accuracy, precision, and portability of laser trackers; Availability of substitutes, such as laser radars, to carry out inspection and calibration tasks; Increasing adoption of cloud computing.
Applications and segments
dimension_en: Offering; definition_en: Hardware Software Services; items_en: Hardware; Software; Services; dimension_en: Application; definition_en: Quality Control and Inspection Alignment Reverse Engineering,; items_en: Quality Control and Inspection; Alignment; Reverse Engineering,; Calibration; dimension_en: Industry; definition_en: Automotive Aerospace and Defense Energy and Power; items_en: Automotive; Aerospace and Defense; Energy and Power; General Manufacturing; Architecture and.
Regional direction
title_en: Laser Tracker Market, by Region; body_en: North America US Canada Mexico Europe Germany UK France Italy Spain Rest of Europe Asia Pacific China Japan South Korea India Rest of Asia Pacific RoW Middle East & Africa South America
Competitive landscape
Public market coverage identifies participants including Hexagon AB, Faro Technologies Inc, Automated Precision Inc, InnovMetric Software Inc, CHOTEST TECHNOLOGY INC, Mitutoyo Corp, 3D Systems Inc, VMT GmbH, Hubbs Machine, Manufacturing Inc. These names indicate activity across the value chain and should not be read as a uniform ranking.
Market outlook
Growth will depend on the conversion of technical capability into repeatable deployments, measurable productivity gains and maintainable operating economics. Buyers are likely to weigh integration, workforce readiness, interoperability and lifecycle support alongside equipment performance.
Market reading: Figures are presented within their stated market definition and forecast window. They should not be combined with figures from other definitions without normalization.