The Europe Laser Tracker Market would witness market growth of 6.4% CAGR during the forecast period (2022-2028).
Laser technology is used in many different industries all over the world, such as robot metrology, manufacturing, and large component assembly. In the aerospace and defense sectors, laser trackers are used for many measuring goods and services, including weapon systems, reverse engineering, shaft and rail alignment, RADAR dish profiling, aircraft rigging, and many others.
No matter what angle the laser light is received from, the retroreflector (SMR) returns the light in the same direction due to an internal mirror surface. Since the retroreflector (SMR) has a true sphere-like shape and light is reflected from its center, it is possible to determine the center coordinates of the reflector's sphere.
The United Kingdom has the second-largest aerospace sector in the world, after the United States. The UK's civil aerospace industry generated over $34.8 billion in revenue in 2020, accounting for roughly 16% of the laser market. With projected revenue of over $22.8 billion in 2020, the UK's commercial space industry is expanding quickly. By 2030, the industry hopes to account for 10% of the global space market. The UK government has shown a strong commitment to growing and expanding the domestic supply chain.
The Germany market dominated the Europe Laser Tracker Market by Country in 2021; thereby, achieving a market value of $61.2 million by 2028. The UK market is poised to witness a CAGR of 5.5% during (2022 - 2028). Additionally, The France market is anticipated to witness a CAGR of 7.2% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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
- Hardware
- Software
- Services
By Application
- Quality Control & Inspection
- Alignment
- Reverse Engineering
- Calibration
By Industry
- Automotive
- Aerospace & Defense
- Energy & Power
- General Manufacturing
- Architecture & Construction
- Transportation
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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 Europe Laser Tracker Market, by Offering
1.4.2 Europe Laser Tracker Market, by Application
1.4.3 Europe Laser Tracker Market, by Industry
1.4.4 Europe 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. Europe Laser Tracker Market by Offering
4.1 Europe Hardware Market by Country
4.2 Europe Software Market by Country
4.3 Europe Services Market by Country
Chapter 5. Europe Laser Tracker Market by Application
5.1 Europe Quality Control & Inspection Market by Country
5.2 Europe Alignment Market by Country
5.3 Europe Reverse Engineering Market by Country
5.4 Europe Calibration Market by Country
Chapter 6. Europe Laser Tracker Market by Industry
6.1 Europe Automotive Market by Country
6.2 Europe Aerospace & Defense Market by Country
6.3 Europe Energy & Power Market by Country
6.4 Europe General Manufacturing Market by Country
6.5 Europe Architecture & Construction Market by Country
6.6 Europe Transportation Market by Country
6.7 Europe Others Market by Country
Chapter 7. Europe Laser Tracker Market by Country
7.1 Germany Laser Tracker Market
7.1.1 Germany Laser Tracker Market by Offering
7.1.2 Germany Laser Tracker Market by Application
7.1.3 Germany Laser Tracker Market by Industry
7.2 UK Laser Tracker Market
7.2.1 UK Laser Tracker Market by Offering
7.2.2 UK Laser Tracker Market by Application
7.2.3 UK Laser Tracker Market by Industry
7.3 France Laser Tracker Market
7.3.1 France Laser Tracker Market by Offering
7.3.2 France Laser Tracker Market by Application
7.3.3 France Laser Tracker Market by Industry
7.4 Russia Laser Tracker Market
7.4.1 Russia Laser Tracker Market by Offering
7.4.2 Russia Laser Tracker Market by Application
7.4.3 Russia Laser Tracker Market by Industry
7.5 Spain Laser Tracker Market
7.5.1 Spain Laser Tracker Market by Offering
7.5.2 Spain Laser Tracker Market by Application
7.5.3 Spain Laser Tracker Market by Industry
7.6 Italy Laser Tracker Market
7.6.1 Italy Laser Tracker Market by Offering
7.6.2 Italy Laser Tracker Market by Application
7.6.3 Italy Laser Tracker Market by Industry
7.7 Rest of Europe Laser Tracker Market
7.7.1 Rest of Europe Laser Tracker Market by Offering
7.7.2 Rest of Europe Laser Tracker Market by Application
7.7.3 Rest of Europe 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 Europe Laser Tracker Market, 2018 - 2021, USD Million
TABLE 2 Europe 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 Europe Laser Tracker Market by Offering, 2018 - 2021, USD Million
TABLE 7 Europe Laser Tracker Market by Offering, 2022 - 2028, USD Million
TABLE 8 Europe Hardware Market by Country, 2018 - 2021, USD Million
TABLE 9 Europe Hardware Market by Country, 2022 - 2028, USD Million
TABLE 10 Europe Software Market by Country, 2018 - 2021, USD Million
TABLE 11 Europe Software Market by Country, 2022 - 2028, USD Million
TABLE 12 Europe Services Market by Country, 2018 - 2021, USD Million
TABLE 13 Europe Services Market by Country, 2022 - 2028, USD Million
TABLE 14 Europe Laser Tracker Market by Application, 2018 - 2021, USD Million
TABLE 15 Europe Laser Tracker Market by Application, 2022 - 2028, USD Million
TABLE 16 Europe Quality Control & Inspection Market by Country, 2018 - 2021, USD Million
TABLE 17 Europe Quality Control & Inspection Market by Country, 2022 - 2028, USD Million
TABLE 18 Europe Alignment Market by Country, 2018 - 2021, USD Million
TABLE 19 Europe Alignment Market by Country, 2022 - 2028, USD Million
TABLE 20 Europe Reverse Engineering Market by Country, 2018 - 2021, USD Million
TABLE 21 Europe Reverse Engineering Market by Country, 2022 - 2028, USD Million
TABLE 22 Europe Calibration Market by Country, 2018 - 2021, USD Million
TABLE 23 Europe Calibration Market by Country, 2022 - 2028, USD Million
TABLE 24 Europe Laser Tracker Market by Industry, 2018 - 2021, USD Million
TABLE 25 Europe Laser Tracker Market by Industry, 2022 - 2028, USD Million
TABLE 26 Europe Automotive Market by Country, 2018 - 2021, USD Million
TABLE 27 Europe Automotive Market by Country, 2022 - 2028, USD Million
TABLE 28 Europe Aerospace & Defense Market by Country, 2018 - 2021, USD Million
TABLE 29 Europe Aerospace & Defense Market by Country, 2022 - 2028, USD Million
TABLE 30 Europe Energy & Power Market by Country, 2018 - 2021, USD Million
TABLE 31 Europe Energy & Power Market by Country, 2022 - 2028, USD Million
TABLE 32 Europe General Manufacturing Market by Country, 2018 - 2021, USD Million
TABLE 33 Europe General Manufacturing Market by Country, 2022 - 2028, USD Million
TABLE 34 Europe Architecture & Construction Market by Country, 2018 - 2021, USD Million
TABLE 35 Europe Architecture & Construction Market by Country, 2022 - 2028, USD Million
TABLE 36 Europe Transportation Market by Country, 2018 - 2021, USD Million
TABLE 37 Europe Transportation Market by Country, 2022 - 2028, USD Million
TABLE 38 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 39 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 40 Europe Laser Tracker Market by Country, 2018 - 2021, USD Million
TABLE 41 Europe Laser Tracker Market by Country, 2022 - 2028, USD Million
TABLE 42 Germany Laser Tracker Market, 2018 - 2021, USD Million
TABLE 43 Germany Laser Tracker Market, 2022 - 2028, USD Million
TABLE 44 Germany Laser Tracker Market by Offering, 2018 - 2021, USD Million
TABLE 45 Germany Laser Tracker Market by Offering, 2022 - 2028, USD Million
TABLE 46 Germany Laser Tracker Market by Application, 2018 - 2021, USD Million
TABLE 47 Germany Laser Tracker Market by Application, 2022 - 2028, USD Million
TABLE 48 Germany Laser Tracker Market by Industry, 2018 - 2021, USD Million
TABLE 49 Germany Laser Tracker Market by Industry, 2022 - 2028, USD Million
TABLE 50 UK Laser Tracker Market, 2018 - 2021, USD Million
TABLE 51 UK Laser Tracker Market, 2022 - 2028, USD Million
TABLE 52 UK Laser Tracker Market by Offering, 2018 - 2021, USD Million
TABLE 53 UK Laser Tracker Market by Offering, 2022 - 2028, USD Million
TABLE 54 UK Laser Tracker Market by Application, 2018 - 2021, USD Million
TABLE 55 UK Laser Tracker Market by Application, 2022 - 2028, USD Million
TABLE 56 UK Laser Tracker Market by Industry, 2018 - 2021, USD Million
TABLE 57 UK Laser Tracker Market by Industry, 2022 - 2028, USD Million
TABLE 58 France Laser Tracker Market, 2018 - 2021, USD Million
TABLE 59 France Laser Tracker Market, 2022 - 2028, USD Million
TABLE 60 France Laser Tracker Market by Offering, 2018 - 2021, USD Million
TABLE 61 France Laser Tracker Market by Offering, 2022 - 2028, USD Million
TABLE 62 France Laser Tracker Market by Application, 2018 - 2021, USD Million
TABLE 63 France Laser Tracker Market by Application, 2022 - 2028, USD Million
TABLE 64 France Laser Tracker Market by Industry, 2018 - 2021, USD Million
TABLE 65 France Laser Tracker Market by Industry, 2022 - 2028, USD Million
TABLE 66 Russia Laser Tracker Market, 2018 - 2021, USD Million
TABLE 67 Russia Laser Tracker Market, 2022 - 2028, USD Million
TABLE 68 Russia Laser Tracker Market by Offering, 2018 - 2021, USD Million
TABLE 69 Russia Laser Tracker Market by Offering, 2022 - 2028, USD Million
TABLE 70 Russia Laser Tracker Market by Application, 2018 - 2021, USD Million
TABLE 71 Russia Laser Tracker Market by Application, 2022 - 2028, USD Million
TABLE 72 Russia Laser Tracker Market by Industry, 2018 - 2021, USD Million
TABLE 73 Russia Laser Tracker Market by Industry, 2022 - 2028, USD Million
TABLE 74 Spain Laser Tracker Market, 2018 - 2021, USD Million
TABLE 75 Spain Laser Tracker Market, 2022 - 2028, USD Million
TABLE 76 Spain Laser Tracker Market by Offering, 2018 - 2021, USD Million
TABLE 77 Spain Laser Tracker Market by Offering, 2022 - 2028, USD Million
TABLE 78 Spain Laser Tracker Market by Application, 2018 - 2021, USD Million
TABLE 79 Spain Laser Tracker Market by Application, 2022 - 2028, USD Million
TABLE 80 Spain Laser Tracker Market by Industry, 2018 - 2021, USD Million
TABLE 81 Spain Laser Tracker Market by Industry, 2022 - 2028, USD Million
TABLE 82 Italy Laser Tracker Market, 2018 - 2021, USD Million
TABLE 83 Italy Laser Tracker Market, 2022 - 2028, USD Million
TABLE 84 Italy Laser Tracker Market by Offering, 2018 - 2021, USD Million
TABLE 85 Italy Laser Tracker Market by Offering, 2022 - 2028, USD Million
TABLE 86 Italy Laser Tracker Market by Application, 2018 - 2021, USD Million
TABLE 87 Italy Laser Tracker Market by Application, 2022 - 2028, USD Million
TABLE 88 Italy Laser Tracker Market by Industry, 2018 - 2021, USD Million
TABLE 89 Italy Laser Tracker Market by Industry, 2022 - 2028, USD Million
TABLE 90 Rest of Europe Laser Tracker Market, 2018 - 2021, USD Million
TABLE 91 Rest of Europe Laser Tracker Market, 2022 - 2028, USD Million
TABLE 92 Rest of Europe Laser Tracker Market by Offering, 2018 - 2021, USD Million
TABLE 93 Rest of Europe Laser Tracker Market by Offering, 2022 - 2028, USD Million
TABLE 94 Rest of Europe Laser Tracker Market by Application, 2018 - 2021, USD Million
TABLE 95 Rest of Europe Laser Tracker Market by Application, 2022 - 2028, USD Million
TABLE 96 Rest of Europe Laser Tracker Market by Industry, 2018 - 2021, USD Million
TABLE 97 Rest of Europe 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