LAMEA Laser Tracker Market Size, Share & Industry Trends Analysis Report By Offering, By Application (Quality Control & Inspection, Alignment, Reverse Engineering, and Calibration), By Industry, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Latin America, Middle East and Africa Laser Tracker Market would witness market growth of 10.4% CAGR during the forecast period (2022-2028).
The laser tracker has a continuous measurement capability. As a result, information on crucial topics like thermal growth and shrinkage can be gathered while making the adjustment, and the laser tracker can safely follow moving machinery without the need for human intervention. The laser tracker can actually be operated by just one person because it is computer-controlled.
However, a two-man crew is typically much more time-effective for laser tracker projects. It is still more affordable than conventional metrology measuring tools, even with a two-man crew. The basis of laser tracker technology is the combination of two methods that is a distance metre for measuring absolute distance & angular encoders for measuring the mechanical axes of the laser tracker, which are azimuth and elevation (or zenith).
A retro-reflective target that is either held or mounted on the object to be measured receives a low-power laser beam from laser trackers. The target reflects light, which then enters the tracker at the same point it left from. When light enters the tracker again, the distance metre analyses it to determine how far away the retro-reflector is from the tracker. The laser tracker also takes into consideration Earth's level, which is an important factor in many calculations.
Dubai's economy is largely driven by the travel & tourism industry. Hotels, restaurants, MICE (meetings, incentives, conferences, and exhibitions), travel services, and destinations, as well as thematic tourism, are the main components of Dubai's tourism industry. International medical tourists can now book procedures and access a variety of tourism services, including direct contact with healthcare providers, scheduling appointments, hotels, transportation, and other leisure activities, due to the launch of medical tourism portals by the UAE.
The Brazil market dominated the LAMEA Laser Tracker Market by Country in 2021; thereby, achieving a market value of $15.8 million by 2028. The Argentina market is experiencing a CAGR of 11% during (2022 - 2028). Additionally, The UAE market is poised to witness a CAGR of 10.1% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Laser Tracker Market is Predict to reach $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:
- Quality Control & Inspection
- Reverse Engineering
- Aerospace & Defense
- Energy & Power
- General Manufacturing
- Architecture & Construction
- Saudi Arabia
- South Africa
- Rest of LAMEA
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.
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