Laser Trackers

Global Laser Trackers Market to Reach US$768.3 Million by 2030

The global market for Laser Trackers estimated at US$410.6 Million in the year 2024, is expected to reach US$768.3 Million by 2030, growing at a CAGR of 11.0% over the analysis period 2024-2030. Quality Control & Inspection, one of the segments analyzed in the report, is expected to record a 11.9% CAGR and reach US$293.7 Million by the end of the analysis period. Growth in the Alignment segment is estimated at 11.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$94.9 Million While China is Forecast to Grow at 14.5% CAGR

The Laser Trackers market in the U.S. is estimated at US$94.9 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$140.9 Million by the year 2030 trailing a CAGR of 14.5% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 8.8% and 9.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 9.8% CAGR.

Global Laser Trackers Market - Key Trends & Drivers Summarized

Laser trackers are precision measurement tools that use laser technology to accurately determine the three-dimensional coordinates of an object or a point in space. These devices are essential in industries that require high-precision measurements, such as aerospace, automotive, and manufacturing. A laser tracker works by emitting a laser beam towards a target reflector, often a spherically mounted retroreflector (SMR), which then reflects the beam back to the tracker. By analyzing the returned beam, the tracker can calculate the exact distance, angle, and position of the target. This data allows for precise alignment, inspection, and assembly of complex components and structures. Laser trackers are prized for their ability to provide high accuracy over large distances, making them indispensable for tasks such as aligning aircraft wings, measuring large machinery, and setting up industrial robots.

Technological advancements have significantly enhanced the capabilities and efficiency of laser trackers. Modern laser trackers incorporate features such as absolute distance meters (ADM) and interferometers, which improve measurement speed and accuracy. These devices also often include wireless connectivity and advanced software interfaces that facilitate real-time data analysis and integration with computer-aided design (CAD) systems. The use of laser trackers in combination with portable coordinate measuring machines (CMMs) and robotic systems has streamlined quality control processes, enabling automated and highly accurate inspections. Furthermore, advancements in portability and battery life have made laser trackers more versatile, allowing them to be easily deployed in various environments, from factory floors to outdoor construction sites. The integration of these advanced features has broadened the scope of applications for laser trackers, enhancing productivity and ensuring the highest standards of precision in complex manufacturing processes.

The growth in the laser tracker market is driven by several factors. The increasing demand for high-precision measurement solutions in the aerospace and automotive industries, where the accuracy and reliability of components are critical, has significantly boosted market growth. The trend towards automation and smart manufacturing has further fueled the adoption of laser trackers, as they provide essential data for optimizing production processes and ensuring quality control. Additionally, the expansion of industries such as construction, energy, and shipbuilding, which require precise measurement and alignment of large structures, has created new opportunities for laser tracker applications. The development of advanced technologies, such as improved ADM systems and enhanced software capabilities, has also made laser trackers more efficient and user-friendly, encouraging their wider adoption. Furthermore, the increasing focus on reducing downtime and improving operational efficiency in various sectors has underscored the importance of precise measurement tools, driving the demand for laser trackers. These factors collectively contribute to the robust growth of the laser tracker market, highlighting their critical role in modern industrial and manufacturing processes.

SCOPE OF STUDY:

The report analyzes the Laser Trackers market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Application (Quality Control & Inspection, Alignment, Calibration, Reverse Engineering); End-Use (Aerospace & Defense, Automotive, Energy & Power, Architecture & Construction, Other End-Uses)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Rest of Europe; Asia-Pacific; Rest of World.

Select Competitors (Total 30 Featured) -

• Nikon Corporation
• Keyence Corporation
• SGS SA
• FARO Technologies, Inc.
• Hexagon AB
• Leica Geosystems AG
• Nikon Metrology, Inc.
• Mitutoyo Corporation
• P.E.S. (UK) Ltd.
• Automated Precision, Inc.
• Egismos Technology Corporation

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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