Portable Laser Tracker Measuring System Market size was valued at USD 150 Million in 2024 and is projected to reach USD 250 Million by 2033, exhibiting a CAGR of 6.2% from 2026 to 2033.
In 2022, the global portable laser tracker measuring system market was valued at approximately USD 636 million, with a projected compound annual growth rate (CAGR) of 6.4% from 2022 to 2027, aiming to reach USD 866 million by 2027. Regionally, North America contributed around 35% of the total revenue, Europe accounted for 30%, and the Asia Pacific region held a 25% share. The Asia Pacific market is anticipated to experience the highest growth rate during the forecast period, driven by expanding manufacturing sectors and the adoption of advanced measurement technologies in countries like China and India. The automotive industry dominated the application segment in 2022, representing 40% of the market share, followed by aerospace and defense at 30%. The increasing complexity of vehicle designs and the emphasis on quality control have propelled the demand for precise measurement tools in the automotive sector. Additionally, the aerospace and defense industry is expected to witness significant growth due to the need for high precision measurements in aircraft manufacturing. The energy and power sector also contributed notably to the market, with applications in alignment and calibration processes. The rising adoption of 3D metrology solutions and the integration of advanced technologies like IoT and AI are creating new opportunities for market expansion across various regions and industries.
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Faro
API
Hexagon
VMT GmbH
On-Trak Photonics Inc.
SGS
Variation Reduction Solutions
Inc.
Brunson Instrument Company
Hubbs Machine and Manufacturing Inc.
PLX Inc.
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Portable Laser Tracker Measuring System Market
Manual Laser Trackers
Automated Laser Trackers
Hybrid Laser Trackers
Aerospace
Automotive
Construction
Energy and Power Generation
Research and Development
Manufacturing Companies
Engineering Firms
Quality Assurance and Control Organizations
Educational and Research Institutions
Optical Technology
Infrared Technology
Point Cloud Technology
Direct Sales
Distributors and Resellers
Online Sales Platforms
Rental Services
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Portable Laser Tracker Measuring System Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Portable Laser Tracker Measuring System Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Portable Laser Tracker Measuring System Market, By Type
6. Global Portable Laser Tracker Measuring System Market, By Application
7. Global Portable Laser Tracker Measuring System Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Portable Laser Tracker Measuring System Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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