The North America Laser Tracker Market would witness market growth of 6.1% CAGR during the forecast period (2022-2028).
The laser tracker is a precise & portable tool that is used by coordinate measuring machines to measure objects precisely. By measuring simply, quickly, and accurately, these machines enable the creation of products, optimization procedures, and delivery solutions. These characteristics are more significantly aiding the expansion of the laser tracker market.
Dimension values, angles, geometrical tolerances, and other variables are determined by software that computes the retroreflector's 3D coordinates. The hallmark of laser trackers is their capacity to measure large objects. A regular arm-type CMM's measuring range is only a few meters, whereas a laser tracker's measuring range is typically greater than 10m.
When users require to measure large objects such as airplanes, substantial equipment components, or components milled on double-column, five-face milling machines, it is useful. The parts of a laser tracker are typically divided into four categories. A retroreflector (SMR) that makes contact with the object to be measured, a camera body that combines a light-emitting & receiving unit, a tripod to support it, and a computer to run the laser tracker software.
One of the countries with the largest automotive industries is the United States. The expansion of logistics & delivery services, along with major e-commerce behemoths like Amazon, etc., have a significant impact on the demand for commercial vehicles. The development of engine technology is accelerating as worldwide emission standards rise. These elements significantly contribute to the region's regional growth in the automotive industry. Major automotive OEMs are based in the country, and its extensive support infrastructure & electric vehicle policies have a positive impact.
The US market dominated the North America Laser Tracker Market by Country in 2021; thereby, achieving a market value of $238.6 million by 2028. The Canada market is experiencing a CAGR of 8.5% during (2022 - 2028). Additionally, The Mexico market is exhibiting a CAGR of 7.6% 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 U.S., Mexico, Canada, and Rest of North America.
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:
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
- US
- Canada
- Mexico
- Rest of North America
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 North America Laser Tracker Market, by Offering
1.4.2 North America Laser Tracker Market, by Application
1.4.3 North America Laser Tracker Market, by Industry
1.4.4 North America 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. North America Laser Tracker Market by Offering
4.1 North America Hardware Market by Country
4.2 North America Software Market by Country
4.3 North America Services Market by Country
Chapter 5. North America Laser Tracker Market by Application
5.1 North America Quality Control & Inspection Market by Country
5.2 North America Alignment Market by Country
5.3 North America Reverse Engineering Market by Country
5.4 North America Calibration Market by Country
Chapter 6. North America Laser Tracker Market by Industry
6.1 North America Automotive Market by Country
6.2 North America Aerospace & Defense Market by Country
6.3 North America Energy & Power Market by Country
6.4 North America General Manufacturing Market by Country
6.5 North America Architecture & Construction Market by Country
6.6 North America Transportation Market by Country
6.7 North America Others Market by Country
Chapter 7. North America Laser Tracker Market by Country
7.1 US Laser Tracker Market
7.1.1 US Laser Tracker Market by Offering
7.1.2 US Laser Tracker Market by Application
7.1.3 US Laser Tracker Market by Industry
7.2 Canada Laser Tracker Market
7.2.1 Canada Laser Tracker Market by Offering
7.2.2 Canada Laser Tracker Market by Application
7.2.3 Canada Laser Tracker Market by Industry
7.3 Mexico Laser Tracker Market
7.3.1 Mexico Laser Tracker Market by Offering
7.3.2 Mexico Laser Tracker Market by Application
7.3.3 Mexico Laser Tracker Market by Industry
7.4 Rest of North America Laser Tracker Market
7.4.1 Rest of North America Laser Tracker Market by Offering
7.4.2 Rest of North America Laser Tracker Market by Application
7.4.3 Rest of North America 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 North America Laser Tracker Market, 2018 - 2021, USD Million
TABLE 2 North America 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 North America Laser Tracker Market by Offering, 2018 - 2021, USD Million
TABLE 7 North America Laser Tracker Market by Offering, 2022 - 2028, USD Million
TABLE 8 North America Hardware Market by Country, 2018 - 2021, USD Million
TABLE 9 North America Hardware Market by Country, 2022 - 2028, USD Million
TABLE 10 North America Software Market by Country, 2018 - 2021, USD Million
TABLE 11 North America Software Market by Country, 2022 - 2028, USD Million
TABLE 12 North America Services Market by Country, 2018 - 2021, USD Million
TABLE 13 North America Services Market by Country, 2022 - 2028, USD Million
TABLE 14 North America Laser Tracker Market by Application, 2018 - 2021, USD Million
TABLE 15 North America Laser Tracker Market by Application, 2022 - 2028, USD Million
TABLE 16 North America Quality Control & Inspection Market by Country, 2018 - 2021, USD Million
TABLE 17 North America Quality Control & Inspection Market by Country, 2022 - 2028, USD Million
TABLE 18 North America Alignment Market by Country, 2018 - 2021, USD Million
TABLE 19 North America Alignment Market by Country, 2022 - 2028, USD Million
TABLE 20 North America Reverse Engineering Market by Country, 2018 - 2021, USD Million
TABLE 21 North America Reverse Engineering Market by Country, 2022 - 2028, USD Million
TABLE 22 North America Calibration Market by Country, 2018 - 2021, USD Million
TABLE 23 North America Calibration Market by Country, 2022 - 2028, USD Million
TABLE 24 North America Laser Tracker Market by Industry, 2018 - 2021, USD Million
TABLE 25 North America Laser Tracker Market by Industry, 2022 - 2028, USD Million
TABLE 26 North America Automotive Market by Country, 2018 - 2021, USD Million
TABLE 27 North America Automotive Market by Country, 2022 - 2028, USD Million
TABLE 28 North America Aerospace & Defense Market by Country, 2018 - 2021, USD Million
TABLE 29 North America Aerospace & Defense Market by Country, 2022 - 2028, USD Million
TABLE 30 North America Energy & Power Market by Country, 2018 - 2021, USD Million
TABLE 31 North America Energy & Power Market by Country, 2022 - 2028, USD Million
TABLE 32 North America General Manufacturing Market by Country, 2018 - 2021, USD Million
TABLE 33 North America General Manufacturing Market by Country, 2022 - 2028, USD Million
TABLE 34 North America Architecture & Construction Market by Country, 2018 - 2021, USD Million
TABLE 35 North America Architecture & Construction Market by Country, 2022 - 2028, USD Million
TABLE 36 North America Transportation Market by Country, 2018 - 2021, USD Million
TABLE 37 North America Transportation Market by Country, 2022 - 2028, USD Million
TABLE 38 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 39 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 40 North America Laser Tracker Market by Country, 2018 - 2021, USD Million
TABLE 41 North America Laser Tracker Market by Country, 2022 - 2028, USD Million
TABLE 42 US Laser Tracker Market, 2018 - 2021, USD Million
TABLE 43 US Laser Tracker Market, 2022 - 2028, USD Million
TABLE 44 US Laser Tracker Market by Offering, 2018 - 2021, USD Million
TABLE 45 US Laser Tracker Market by Offering, 2022 - 2028, USD Million
TABLE 46 US Laser Tracker Market by Application, 2018 - 2021, USD Million
TABLE 47 US Laser Tracker Market by Application, 2022 - 2028, USD Million
TABLE 48 US Laser Tracker Market by Industry, 2018 - 2021, USD Million
TABLE 49 US Laser Tracker Market by Industry, 2022 - 2028, USD Million
TABLE 50 Canada Laser Tracker Market, 2018 - 2021, USD Million
TABLE 51 Canada Laser Tracker Market, 2022 - 2028, USD Million
TABLE 52 Canada Laser Tracker Market by Offering, 2018 - 2021, USD Million
TABLE 53 Canada Laser Tracker Market by Offering, 2022 - 2028, USD Million
TABLE 54 Canada Laser Tracker Market by Application, 2018 - 2021, USD Million
TABLE 55 Canada Laser Tracker Market by Application, 2022 - 2028, USD Million
TABLE 56 Canada Laser Tracker Market by Industry, 2018 - 2021, USD Million
TABLE 57 Canada Laser Tracker Market by Industry, 2022 - 2028, USD Million
TABLE 58 Mexico Laser Tracker Market, 2018 - 2021, USD Million
TABLE 59 Mexico Laser Tracker Market, 2022 - 2028, USD Million
TABLE 60 Mexico Laser Tracker Market by Offering, 2018 - 2021, USD Million
TABLE 61 Mexico Laser Tracker Market by Offering, 2022 - 2028, USD Million
TABLE 62 Mexico Laser Tracker Market by Application, 2018 - 2021, USD Million
TABLE 63 Mexico Laser Tracker Market by Application, 2022 - 2028, USD Million
TABLE 64 Mexico Laser Tracker Market by Industry, 2018 - 2021, USD Million
TABLE 65 Mexico Laser Tracker Market by Industry, 2022 - 2028, USD Million
TABLE 66 Rest of North America Laser Tracker Market, 2018 - 2021, USD Million
TABLE 67 Rest of North America Laser Tracker Market, 2022 - 2028, USD Million
TABLE 68 Rest of North America Laser Tracker Market by Offering, 2018 - 2021, USD Million
TABLE 69 Rest of North America Laser Tracker Market by Offering, 2022 - 2028, USD Million
TABLE 70 Rest of North America Laser Tracker Market by Application, 2018 - 2021, USD Million
TABLE 71 Rest of North America Laser Tracker Market by Application, 2022 - 2028, USD Million
TABLE 72 Rest of North America Laser Tracker Market by Industry, 2018 - 2021, USD Million
TABLE 73 Rest of North America Laser Tracker Market by Industry, 2022 - 2028, USD Million
TABLE 74 Key Information – FARO Technologies, Inc.
TABLE 75 Key Information – 3D Systems Corporation
TABLE 76 Key information – Hexagon AB
TABLE 77 Key Information – Automated Precision, Inc.
TABLE 78 Key Information – mitutoyo Corporation
TABLE 79 Key Information – InnovMetric Software, Inc.
TABLE 80 Key Information – PLX, Inc.
TABLE 81 Key Information – Chotest Technology, Inc.
TABLE 82 Key Information – VMT GmbH
TABLE 83 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