The Asia Pacific Laser Tracker Market would witness market growth of 7.5% CAGR during the forecast period (2022-2028).
The vertical and horizontal two-axis rotary encoders provide the distance and angle data, which the laser tracker uses to determine the centre coordinates of the retroreflector (SMR). The horizontal & vertical rotation of the laser tracker body allows it to follow the laser light. Since the retroreflector is shaped like a real sphere, light always reflects off of its centre, allowing for the measurement of the reflector's centre coordinates.
An arm-type CMM has a constrained measuring range, and three-dimensional measurements & accuracy can be challenging to achieve when using a hand tool like a caliper or a tape measure. These situations call for the use of laser trackers. Due to their portability, laser trackers are most frequently used in the aerospace sector for the inspection of jig components and the assembly of wing components.
The Indian defense sector the second-largest military force in the world, is about to undergo a major change. The aerospace and defense industries have been specifically targeted by the government's "Aatmanirbhar Bharat" or Self-Reliant India plan, which places a strong emphasis on developing domestic manufacturing infrastructure supported by the required research and development environment. The market will likely expand more quickly as national security concerns grow. The demand for defense equipment in India has increased as a result of the ongoing territorial disputes.
The China market dominated the Asia Pacific Laser Tracker Market by Country in 2021; thereby, achieving a market value of $74.3 million by 2028. The Japan market would witness a CAGR of 6.8% during (2022 - 2028). Additionally, The India market would experience a CAGR of 8.4% during (2022 - 2028).
Based on Offering, the market is segmented into Hardware, Software, and Services. Based on Application, the market is segmented into Quality Control & Inspection, Alignment, Reverse Engineering, and Calibration. Based on Industry, the market is segmented into Automotive, Aerospace & Defense, Energy & Power, General Manufacturing, Architecture & Construction, Transportation, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Laser Tracker Market is Projected to reach USD 920 Million by 2028, at a CAGR of 6.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include FARO Technologies, Inc., 3D Systems Corporation, Hexagon AB, Automated Precision, Inc., Mitutoyo Corporation, InnovMetric Software, Inc., PLX, Inc., Chotest Technology, Inc., VMT GmbH (Herrenknecht AG group of companies) and Hubbs Machine & Manufacturing, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Offering
By Application
- Quality Control & Inspection
- Alignment
- Reverse Engineering
- Calibration
By Industry
- Automotive
- Aerospace & Defense
- Energy & Power
- General Manufacturing
- Architecture & Construction
- Transportation
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- FARO Technologies, Inc.
- 3D Systems Corporation
- Hexagon AB
- Automated Precision, Inc.
- Mitutoyo Corporation
- InnovMetric Software, Inc.
- PLX, Inc.
- Chotest Technology, Inc.
- VMT GmbH (Herrenknecht AG group of companies)
- Hubbs Machine & Manufacturing, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Laser Tracker Market, by Offering
1.4.2 Asia Pacific Laser Tracker Market, by Application
1.4.3 Asia Pacific Laser Tracker Market, by Industry
1.4.4 Asia Pacific Laser Tracker Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2019, Apr – 2022, Aug) Leading Players
Chapter 4. Asia Pacific Laser Tracker Market by Offering
4.1 Asia Pacific Hardware Market by Country
4.2 Asia Pacific Software Market by Country
4.3 Asia Pacific Services Market by Country
Chapter 5. Asia Pacific Laser Tracker Market by Application
5.1 Asia Pacific Quality Control & Inspection Market by Country
5.2 Asia Pacific Alignment Market by Country
5.3 Asia Pacific Reverse Engineering Market by Country
5.4 Asia Pacific Calibration Market by Country
Chapter 6. Asia Pacific Laser Tracker Market by Industry
6.1 Asia Pacific Automotive Market by Country
6.2 Asia Pacific Aerospace & Defense Market by Country
6.3 Asia Pacific Energy & Power Market by Country
6.4 Asia Pacific General Manufacturing Market by Country
6.5 Asia Pacific Architecture & Construction Market by Country
6.6 Asia Pacific Transportation Market by Country
6.7 Asia Pacific Others Market by Country
Chapter 7. Asia Pacific Laser Tracker Market by Country
7.1 China Laser Tracker Market
7.1.1 China Laser Tracker Market by Offering
7.1.2 China Laser Tracker Market by Application
7.1.3 China Laser Tracker Market by Industry
7.2 Japan Laser Tracker Market
7.2.1 Japan Laser Tracker Market by Offering
7.2.2 Japan Laser Tracker Market by Application
7.2.3 Japan Laser Tracker Market by Industry
7.3 India Laser Tracker Market
7.3.1 India Laser Tracker Market by Offering
7.3.2 India Laser Tracker Market by Application
7.3.3 India Laser Tracker Market by Industry
7.4 South Korea Laser Tracker Market
7.4.1 South Korea Laser Tracker Market by Offering
7.4.2 South Korea Laser Tracker Market by Application
7.4.3 South Korea Laser Tracker Market by Industry
7.5 Singapore Laser Tracker Market
7.5.1 Singapore Laser Tracker Market by Offering
7.5.2 Singapore Laser Tracker Market by Application
7.5.3 Singapore Laser Tracker Market by Industry
7.6 Malaysia Laser Tracker Market
7.6.1 Malaysia Laser Tracker Market by Offering
7.6.2 Malaysia Laser Tracker Market by Application
7.6.3 Malaysia Laser Tracker Market by Industry
7.7 Rest of Asia Pacific Laser Tracker Market
7.7.1 Rest of Asia Pacific Laser Tracker Market by Offering
7.7.2 Rest of Asia Pacific Laser Tracker Market by Application
7.7.3 Rest of Asia Pacific Laser Tracker Market by Industry
Chapter 8. Company Profiles
8.1 FARO Technologies, Inc.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Product Launches and Product Expansions:
8.1.5.2 Acquisition and Mergers:
8.1.6 SWOT Analysis
8.2 3D Systems Corporation
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.6 SWOT Analysis
8.3 Hexagon AB
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Regional & Segmental Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.5.2 Product Launches and Product Expansions:
8.3.5.3 Acquisition and Mergers:
8.4 Automated Precision, Inc.
8.4.1 Company Overview
8.4.2 Recent strategies and developments:
8.4.2.1 Partnerships, Collaborations, and Agreement:
8.4.2.2 Product Launches and Product Expansions:
8.5 Mitutoyo Corporation
8.5.1 Company Overview
8.5.2 Recent strategies and developments:
8.5.2.1 Partnerships, Collaborations, and Agreements:
8.5.2.2 Product Launches and Product Expansions:
8.6 InnovMetric Software, Inc.
8.6.1 Company Overview
8.6.2 Recent strategies and developments:
8.6.2.1 Product Launches and Product Expansions:
8.7 PLX, Inc.
8.7.1 Company Overview
8.7.2 Recent strategies and developments:
8.7.2.1 Acquisition and Mergers:
8.8 Chotest Technology, Inc.
8.8.1 Company Overview
8.9 VMT GmbH (Herrenknecht AG group of companies)
8.9.1 Company Overview
8.10. Hubbs Machine & Manufacturing, Inc.
8.10.1 Company Overview
TABLE 1 Asia Pacific Laser Tracker Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Laser Tracker Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Laser Tracker Market
TABLE 4 Product Launches And Product Expansions– Laser Tracker Market
TABLE 5 Acquisition and Mergers– Laser Tracker Market
TABLE 6 Asia Pacific Laser Tracker Market by Offering, 2018 - 2021, USD Million
TABLE 7 Asia Pacific Laser Tracker Market by Offering, 2022 - 2028, USD Million
TABLE 8 Asia Pacific Hardware Market by Country, 2018 - 2021, USD Million
TABLE 9 Asia Pacific Hardware Market by Country, 2022 - 2028, USD Million
TABLE 10 Asia Pacific Software Market by Country, 2018 - 2021, USD Million
TABLE 11 Asia Pacific Software Market by Country, 2022 - 2028, USD Million
TABLE 12 Asia Pacific Services Market by Country, 2018 - 2021, USD Million
TABLE 13 Asia Pacific Services Market by Country, 2022 - 2028, USD Million
TABLE 14 Asia Pacific Laser Tracker Market by Application, 2018 - 2021, USD Million
TABLE 15 Asia Pacific Laser Tracker Market by Application, 2022 - 2028, USD Million
TABLE 16 Asia Pacific Quality Control & Inspection Market by Country, 2018 - 2021, USD Million
TABLE 17 Asia Pacific Quality Control & Inspection Market by Country, 2022 - 2028, USD Million
TABLE 18 Asia Pacific Alignment Market by Country, 2018 - 2021, USD Million
TABLE 19 Asia Pacific Alignment Market by Country, 2022 - 2028, USD Million
TABLE 20 Asia Pacific Reverse Engineering Market by Country, 2018 - 2021, USD Million
TABLE 21 Asia Pacific Reverse Engineering Market by Country, 2022 - 2028, USD Million
TABLE 22 Asia Pacific Calibration Market by Country, 2018 - 2021, USD Million
TABLE 23 Asia Pacific Calibration Market by Country, 2022 - 2028, USD Million
TABLE 24 Asia Pacific Laser Tracker Market by Industry, 2018 - 2021, USD Million
TABLE 25 Asia Pacific Laser Tracker Market by Industry, 2022 - 2028, USD Million
TABLE 26 Asia Pacific Automotive Market by Country, 2018 - 2021, USD Million
TABLE 27 Asia Pacific Automotive Market by Country, 2022 - 2028, USD Million
TABLE 28 Asia Pacific Aerospace & Defense Market by Country, 2018 - 2021, USD Million
TABLE 29 Asia Pacific Aerospace & Defense Market by Country, 2022 - 2028, USD Million
TABLE 30 Asia Pacific Energy & Power Market by Country, 2018 - 2021, USD Million
TABLE 31 Asia Pacific Energy & Power Market by Country, 2022 - 2028, USD Million
TABLE 32 Asia Pacific General Manufacturing Market by Country, 2018 - 2021, USD Million
TABLE 33 Asia Pacific General Manufacturing Market by Country, 2022 - 2028, USD Million
TABLE 34 Asia Pacific Architecture & Construction Market by Country, 2018 - 2021, USD Million
TABLE 35 Asia Pacific Architecture & Construction Market by Country, 2022 - 2028, USD Million
TABLE 36 Asia Pacific Transportation Market by Country, 2018 - 2021, USD Million
TABLE 37 Asia Pacific Transportation Market by Country, 2022 - 2028, USD Million
TABLE 38 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 39 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 40 Asia Pacific Laser Tracker Market by Country, 2018 - 2021, USD Million
TABLE 41 Asia Pacific Laser Tracker Market by Country, 2022 - 2028, USD Million
TABLE 42 China Laser Tracker Market, 2018 - 2021, USD Million
TABLE 43 China Laser Tracker Market, 2022 - 2028, USD Million
TABLE 44 China Laser Tracker Market by Offering, 2018 - 2021, USD Million
TABLE 45 China Laser Tracker Market by Offering, 2022 - 2028, USD Million
TABLE 46 China Laser Tracker Market by Application, 2018 - 2021, USD Million
TABLE 47 China Laser Tracker Market by Application, 2022 - 2028, USD Million
TABLE 48 China Laser Tracker Market by Industry, 2018 - 2021, USD Million
TABLE 49 China Laser Tracker Market by Industry, 2022 - 2028, USD Million
TABLE 50 Japan Laser Tracker Market, 2018 - 2021, USD Million
TABLE 51 Japan Laser Tracker Market, 2022 - 2028, USD Million
TABLE 52 Japan Laser Tracker Market by Offering, 2018 - 2021, USD Million
TABLE 53 Japan Laser Tracker Market by Offering, 2022 - 2028, USD Million
TABLE 54 Japan Laser Tracker Market by Application, 2018 - 2021, USD Million
TABLE 55 Japan Laser Tracker Market by Application, 2022 - 2028, USD Million
TABLE 56 Japan Laser Tracker Market by Industry, 2018 - 2021, USD Million
TABLE 57 Japan Laser Tracker Market by Industry, 2022 - 2028, USD Million
TABLE 58 India Laser Tracker Market, 2018 - 2021, USD Million
TABLE 59 India Laser Tracker Market, 2022 - 2028, USD Million
TABLE 60 India Laser Tracker Market by Offering, 2018 - 2021, USD Million
TABLE 61 India Laser Tracker Market by Offering, 2022 - 2028, USD Million
TABLE 62 India Laser Tracker Market by Application, 2018 - 2021, USD Million
TABLE 63 India Laser Tracker Market by Application, 2022 - 2028, USD Million
TABLE 64 India Laser Tracker Market by Industry, 2018 - 2021, USD Million
TABLE 65 India Laser Tracker Market by Industry, 2022 - 2028, USD Million
TABLE 66 South Korea Laser Tracker Market, 2018 - 2021, USD Million
TABLE 67 South Korea Laser Tracker Market, 2022 - 2028, USD Million
TABLE 68 South Korea Laser Tracker Market by Offering, 2018 - 2021, USD Million
TABLE 69 South Korea Laser Tracker Market by Offering, 2022 - 2028, USD Million
TABLE 70 South Korea Laser Tracker Market by Application, 2018 - 2021, USD Million
TABLE 71 South Korea Laser Tracker Market by Application, 2022 - 2028, USD Million
TABLE 72 South Korea Laser Tracker Market by Industry, 2018 - 2021, USD Million
TABLE 73 South Korea Laser Tracker Market by Industry, 2022 - 2028, USD Million
TABLE 74 Singapore Laser Tracker Market, 2018 - 2021, USD Million
TABLE 75 Singapore Laser Tracker Market, 2022 - 2028, USD Million
TABLE 76 Singapore Laser Tracker Market by Offering, 2018 - 2021, USD Million
TABLE 77 Singapore Laser Tracker Market by Offering, 2022 - 2028, USD Million
TABLE 78 Singapore Laser Tracker Market by Application, 2018 - 2021, USD Million
TABLE 79 Singapore Laser Tracker Market by Application, 2022 - 2028, USD Million
TABLE 80 Singapore Laser Tracker Market by Industry, 2018 - 2021, USD Million
TABLE 81 Singapore Laser Tracker Market by Industry, 2022 - 2028, USD Million
TABLE 82 Malaysia Laser Tracker Market, 2018 - 2021, USD Million
TABLE 83 Malaysia Laser Tracker Market, 2022 - 2028, USD Million
TABLE 84 Malaysia Laser Tracker Market by Offering, 2018 - 2021, USD Million
TABLE 85 Malaysia Laser Tracker Market by Offering, 2022 - 2028, USD Million
TABLE 86 Malaysia Laser Tracker Market by Application, 2018 - 2021, USD Million
TABLE 87 Malaysia Laser Tracker Market by Application, 2022 - 2028, USD Million
TABLE 88 Malaysia Laser Tracker Market by Industry, 2018 - 2021, USD Million
TABLE 89 Malaysia Laser Tracker Market by Industry, 2022 - 2028, USD Million
TABLE 90 Rest of Asia Pacific Laser Tracker Market, 2018 - 2021, USD Million
TABLE 91 Rest of Asia Pacific Laser Tracker Market, 2022 - 2028, USD Million
TABLE 92 Rest of Asia Pacific Laser Tracker Market by Offering, 2018 - 2021, USD Million
TABLE 93 Rest of Asia Pacific Laser Tracker Market by Offering, 2022 - 2028, USD Million
TABLE 94 Rest of Asia Pacific Laser Tracker Market by Application, 2018 - 2021, USD Million
TABLE 95 Rest of Asia Pacific Laser Tracker Market by Application, 2022 - 2028, USD Million
TABLE 96 Rest of Asia Pacific Laser Tracker Market by Industry, 2018 - 2021, USD Million
TABLE 97 Rest of Asia Pacific Laser Tracker Market by Industry, 2022 - 2028, USD Million
TABLE 98 Key Information – FARO Technologies, Inc.
TABLE 99 Key Information – 3D Systems Corporation
TABLE 100 Key information – Hexagon AB
TABLE 101 Key Information – Automated Precision, Inc.
TABLE 102 Key Information – mitutoyo Corporation
TABLE 103 Key Information – InnovMetric Software, Inc.
TABLE 104 Key Information – PLX, Inc.
TABLE 105 Key Information – Chotest Technology, Inc.
TABLE 106 Key Information – VMT GmbH
TABLE 107 Key information – Hubbs Machine & Manufacturing, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2019, Apr – 2022, Aug) Leading Players
FIG 5 Recent strategies and developments: FARO Technologies, Inc.
FIG 6 SWOT Analysis: FARO Technologies, Inc.
FIG 7 SWOT Analysis: 3D Systems Corporation
FIG 8 Recent strategies and developments: Hexagon AB
FIG 9 Recent strategies and developments: Automated Precision, Inc.
FIG 10 Recent strategies and developments: Mitutoyo Corporation