Industrial Laser Tracker Systems Market size was valued at USD 300 Million in 2024 and is projected to reach USD 550 Million by 2033, exhibiting a CAGR of 7.2% from 2026 to 2033.
The global industrial laser tracker systems market was valued at USD 1.25 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 8.3% from 2023 to 2030. This growth is primarily driven by the increasing demand for precision measurement and quality control in industries like aerospace, automotive, and manufacturing. Laser trackers, known for their high accuracy and ability to measure large objects, are becoming increasingly important in applications requiring large scale dimensional measurements. The market size is expected to reach approximately USD 2.68 billion by 2030, fueled by advancements in technology and the rising adoption of automation in manufacturing processes.
Regionally, North America holds the largest market share, accounting for around 35% of the global market in 2022, with significant growth opportunities in the aerospace and defense sectors. Europe follows closely with a share of about 30%, driven by strong demand in automotive and machinery industries. The Asia Pacific region is expected to witness the highest CAGR of 9.1% during the forecast period due to the rapid industrialization in countries like China and India. Latin America and the Middle East & Africa are expected to grow steadily, with an increasing number of manufacturing and industrial projects boosting the demand for precision measurement technologies like laser trackers.
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Hexagon MI
Faro Technologies
API Metrology
InnovMetric
Chotest
Mitutoyo
VMT GmbH
Hubbs Machine
PLX Inc.
Leica Geosystems
SGS
Keyence
ON-TRAK Photonics
Verisurf
Metrologic Group
VRSI
Brunson
Mactech-Onsite
ECM Global
ADS
Hiwe SqS
Manchester Metrology
OASIS Alignment Services
Leistertech
AURUM 3D
Nebula
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 Industrial Laser Tracker Systems Market
Portable Laser Tracker Systems
Fixed Laser Tracker Systems
Aerospace and Defense
Automotive
Shipbuilding
Energy and Power
Heavy Machinery
Laser Triangulation
Phase Shift
Manufacturing
Construction
Research and Development
Quality Control
Measurement
Alignment
Inspection
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 Industrial Laser Tracker Systems 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 Industrial Laser Tracker Systems Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Industrial Laser Tracker Systems Market, By Type
6. Global Industrial Laser Tracker Systems Market, By Application
7. Global Industrial Laser Tracker Systems Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Industrial Laser Tracker Systems Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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