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Global Laser Tracker Market By Application (Alignment, Quality Control & Inspection And Calibration), By Offering (Software, Hardware), By Industry Vertical (Aerospace -Defense, Energy -Power, Automotive) - Global Outlook Analysis and Industry Forecast, 2018-2023.

 Technology

Report Overview

Global Laser Tracker Market was valued at USD 255.4 Million in the year 2017. Global Laser Tracker Market is further estimated to grow at a CAGR of 12.9% from 2018 to reach USD 529 Million by the year 2023. Europe region holds the highest market share in 2017 and Asia-Pacific market is considered as the fastest growing market in the forecasted period. At country level, developed markets like Germany as well the emerging markets like Japan holds the notable market share in 2017 and it is projected to grow at a gradual rate in the coming years.

FARO Technologies, Inc. (U.S), Hexagon AB (Sweden), Ripple Technologies (India), SGS SA (Switzerland), Brunson Instrument Company (U.S), On-Trak Photonics, Inc. (U.S), Hubbs Machine & Manufacturing Inc. (U.S), API Sensor (U.S), Variation Reduction Solutions, Inc. (U.S), VMT GmbH (Germany), are some of the key players in the Laser Tracker Market with FARO Technologies, Inc. holding the substantial market share because of its better technological advancements and global reach. Technological upgradation to cater changing demand of end users, similarly growth strategies such as acquisition & merger were few techniques adopted by most of the top players in last 5 years.

Drivers:

Rising adoption of automation in robotic systems

Restraints:

Availability of substitutes for reviewing

Opportunities:

Growing demand for manufacturing process requiring condition monitoring

Challenges:

            Addressing configuration errors in laser trackers

Segmentation done on the basis of Application type includes Alignment, Quality Control & Inspection, Calibration and Reverse Engineering of which the Quality Control & Inspection segment is expected to hold the highest market share during the forecast period. On the other hand, segmentation done on the basis of Industry Vertical type includes Aerospace & Defense, Energy & Power, Automotive, Transportation, General Manufacturing and Others of which Aerospace & Defense and Automotive segment is expected to grow at the highest CAGR during the forecast period.

Key Benefits for Stakeholders

Original equipment manufacturers and technology solution providers,

Laser Tracker equipment companies, Research institutes and firms

Regulatory bodies, venture capitalists, and private equity firms.

By Application

Alignment

Quality Control & Inspection

Calibration

Reverse Engineering

By Offering

Software

Hardware

Services

By Industry Vertical

Aerospace & Defense

Energy & Power

Automotive

Transportation

General Manufacturing

Others

By Region

North America

Europe

Asia-Pacific

ROW

Key Market Players

FARO Technologies, Inc.

Hexagon AB

Ripple Technologies

SGS SA

Brunson Instrument Company

On-Trak Photonics, Inc.

Hubbs Machine & Manufacturing Inc.

API Sensor

Variation Reduction Solutions, Inc.

VMT GmbH

(Another brief information of 10 companies will provided in report)

Research Methodology:

Genesis Market Insights follows in-depth Research Methodology focused on reducing deviation in the collected data. GMI offers the most precise evaluations and projection for the market numbers. GMI engages following Market Engineering techniques –

  1.      Raw Market Data is collected and compared with the Existing in-house Data on a broad front.
  2.      Both Bottom-Up and Top-Down approaches are analyzed for segmenting and estimating measurable aspects of the market.
  3.      To avoid bias, we filter the collected data collected from authenticated sources.
  4.      GMI has a well proven Statistical Modeling System for estimates and forecasts.
  5.      Further, the report findings are validated with the Industry Expert Panel on face to face or telephonic interviews.

Panelists are approached from Leading Enterprises across the value chain including manufacturers, suppliers, technology providers, domain experts and buyers so as to validate a thorough and balanced market overview.

Detailed customization is also available for you. Further, if the report listed above does not meet with your key requirements. Our customized research report will analytically cover the required market information you need which will help you to plan your business decisions.

Table Of Content

1. Introduction

1.1 Market Vision

       1.1.1 Market Definition

       1.1.2 Market Scope

1.2 Limitations

1.3 Stakeholders

2. Research Methodology

2.1. Research Process

       2.1.1. Secondary Research

             2.1.1.1. Key Data from Secondary Research

       2.1.2. Primary Research

             2.1.2.1. Key Data from Primary Research

             2.1.2.2. Breakdowns of Primary Interviews

2.2. Market Size Estimation

       2.2.1. Bottom-Up Approach

       2.2.2. Top-Down Approach

       2.2.3. Annual Revenue Process

2.3. Data Triangulation 

2.4. Research Assumptions 

       2.4.1. Assumption

3. Executive Summary

4. Market Overview

4.1. Introduction

4.2. Drivers

4.3. Restraints

4.4. Opportunities

4.5. Challenges

4.6. Regulations

4.7. Supply Chain/Value Chain Analysis

4.8. Patent & Standards

5. Industry Trends

5.1. Introduction

5.2. Porter’s Five Forces Analysis

       5.2.1. Threat of New Entrants

       5.2.2. Threat of Substitutes

       5.2.3. Bargaining Power of Buyers

       5.2.4. Bargaining Power of Suppliers

       5.2.5. Intensity of Competitive Rivalry

6. Laser Tracker Market, By Application

6.1. Alignment

6.2. Quality Control & Inspection

6.3. Calibration

6.4. Reverse Engineering

7. Laser Tracker Market, By Offering

7.1. Software

7.2. Hardware

7.3. Services

  1. Laser Tracker Market, By Industry Vertical

8.1. Aerospace & Defense

8.2. Energy & Power

8.3. Automotive

8.4. Transportation

8.5. General Manufacturing

8.6. Others

9. Geographical Analysis

9.1. Introduction

9.2. North America

       9.2.1. U.S.

       9.2.2. Canada

       9.2.3. Mexico

9.3. Europe

       9.3.1. U.K.

       9.3.2. Germany

       9.3.3. Russia

       9.3.4. RoE

9.4. Asia Pacific

       9.4.1. China

       9.4.2. Japan

       9.4.3. India

       9.4.4. RoAPAC

9.5. RoW

       9.5.1. Latin America

       9.5.2. Middle East and Africa

10. Company Profiles

(Business Overview, Financial Overview, Product write Up, Recent Developments)

10.1.FARO Technologies, Inc.

10.2. Hexagon AB

10.3. Ripple Technologies

10.4. SGS SA

10.5. Brunson Instrument Company

10.6. On-Trak Photonics, Inc.

10.7. Hubbs Machine & Manufacturing Inc.

10.8. API Sensor

10.10. Variation Reduction Solutions, Inc.

10.10. VMT GmbH

(Another brief information of 10 companies will provided in report)

11. Competitive Analysis

11.1. Introduction

11.2. Market Positioning of Key Players

11.3 Competitive Strategies Adopted by Leading Players

        11.3.1. Investments & Expansions

        11.3.2. New Product Launches

        11.3.3. Mergers & Acquisitions

        11.3.4. Agreements, Joint Ventures, and Partnerships

12. Appendix

12.1. Questionnaire

12.2. Available Customizations 

12.3. Upcoming Events (Trade Fair, Exhibitions, Conferences)

 

 

List of Tables (67 Tables)

Table 1 Classification Criteria of Different Laser Standards
Table 2 Ingress Protection (IP) Ratings
Table 3 Comparison Between Laser Tracker and Laser Radar
Table 4 Market, By Application, 2018-2023 (USD Million)
Table 5 Market for Quality Control & Inspection Application, By Industry, 2018-2023 (USD Million)
Table 6 Market for Alignment Application, By Industry, 2018-2023 (USD Million)
Table 7 Market for Reverse Engineering Application, By Industry, 2018-2023 (USD Million)
Table 8 Market for Calibration Application, By Industry, 2018-2023 (USD Million)
Table 9 Market, By Industry, 2018-2023 (USD Million)
Table 10 Market for Automotive Industry, By Application, 2018-2023 (USD Million)
Table 11 Market for Automotive Industry, By Region, 2018-2023 (USD Million)
Table 12 Market in North America for Automotive Industry, By Country, 2018-2023 (USD Million)
Table 13 Market in Europe for Automotive Industry, By Country, 2018-2023 (USD Million)
Table 14 Market in APAC for Automotive Industry, By Country, 2018-2023 (USD Million)
Table 15 Market in RoW for Automotive Industry, By Region, 2018-2023 (USD Million)
Table 16 Market in South America for Automotive Industry, By Country, 2018-2023 (USD Million)
Table 17 Market for Aerospace & Defense Industry, By Application, 2018-2023 (USD Million)
Table 18 Market in Aerospace & Defense Industry, By Region, 2018-2023 (USD Million)
Table 19 Market in North America for Aerospace & Defense Industry, By Country, 2018-2023 (USD Million)
Table 20 Market in Europe for Aerospace & Defense, By Country, 2018-2023 (USD Million)
Table 21 Market in APAC for Aerospace & Defense Industry, By Country, 2018-2023 (USD Million)
Table 22 Market in RoW for Aerospace & Defense Industry, By Region, 2018-2023 (USD Million)
Table 23 Market in South America for Aerospace & Defense Industry, By Country, 2018-2023 (USD Million)
Table 24 Market for Energy & Power, By Application, 2018-2023 (USD Million)
Table 25 Laser Tracker Market for Energy & Power Industry, By Region, 2018-2023 (USD Million)
Table 26 Market in North America for Energy & Power Industry, By Country, 2018-2023 (USD Million)
Table 27 Market in Europe for Energy & Power Industry, By Country, 2018-2023 (USD Million)
Table 28 Market in APAC for Energy & Power Industry, By Country, 2018-2023 (USD Million)
Table 29 Market in RoW for Energy & Power Industry, By Region, 2018-2023 (USD Million)
Table 30 Market in South America for Energy & Power Industry, By Country, 2018-2023 (USD Million)
Table 31 Market for General Manufacturing Industry, By Application, 2018-2023 (USD Million)
Table 32 Market for General Manufacturing Industry, By Region, 2018-2023 (USD Million)
Table 33 Market in North America for General Manufacturing Industry, By Country, 2018-2023 (USD Million)
Table 34 Market in Europe for General Manufacturing Industry, By Country, 2018-2023 (USD Million)
Table 35 Laser Tracker Market in APAC for General Manufacturing Industry, By Country, 2018-2023 (USD Million)
Table 36 Market in RoW for General Manufacturing Industry, By Region, 2018-2023 (USD Million)
Table 37 Market in South America for General Manufacturing Industry, By Country, 2018-2023 (USD Million)
Table 38 Market for Architecture and Construction Industry, By Application, 2018-2023 (USD Million)
Table 39 Market for Architecture and Construction Industry, By Region, 2018-2023 (USD Million)
Table 40 Market in North America for Architecture and Construction Industry, By Country, 2018-2023 (USD Million)
Table 41 Market in Europe for Architecture and Construction Industry, By Country, 2018-2023 (USD Million)
Table 42 Market in APAC for Architecture and Construction Industry, By Country, 2018-2023 (USD Million)
Table 43 Market in RoW for Architecture and Construction Industry, By Region, 2018-2023 (USD Million)
Table 44 Market in South America for Architecture and Construction Industry, By Country, 2018-2023 (USD Million)

List of Figures (34 Figures)

Figure 1 Market Segmentation
Figure 2 Market Size Estimation Process Flow
Figure 3 Laser Tracker Market: Research Design
Figure 4 Data Triangulation
Figure 5 Market, By Industry, 2018 & 2023
Figure 6 Market, By Application, 2017 & 2023
Figure 7 Market, By Region, 2017
Figure 8 Market Expected to Grow at High CAGR Between 2018 and 2023
Figure 9 Laser Tracker Market for Quality Control & Inspection to Grow at Highest CAGR Between 2018 and 2023
Figure 10 Aerospace & Defense Held Largest Share of Market in 2017
Figure 11 US Likely to Hold Largest Share of  Market Between 2017 and 2023
Figure 12 Value Chain Analysis: Major Value Addition During Development Phase
Figure 13 Market Dynamics: Overview
Figure 14 Hardware Components Used in Laser Trackers
Figure 15 Types of Ball-Mounted Hollow Retroreflectors
Figure 16 Essential Accessories Used in Laser Trackers
Figure 17 Services Related to Laser Trackers
Figure 18 Market Segmentation, By Application
Figure 19 Quality Control & Inspection Application Held Largest Size of  Market in 2017
Figure 20 Laser Tracker Market Segmentation, By Industry
Figure 21 Quality Control & Inspection Application Held Largest Size of  Market for Automotive Industry in 2017
Figure 22 China Held Largest Size of Market for Automotive in 2017
Figure 23 Quality Control & Inspection Application to Hold Largest Size of Market for Aerospace & Defense Industry By 2023
Figure 24 APAC Expected to Exhibit Highest CAGR in Laser Tracker Market for Energy & Power Industry During Forecast Period
Figure 25 APAC to Dominate Market for General Manufacturing Industry During 2018–2023
Figure 26 China to Hold Largest Size of Market for Architecture and Construction Industry By 2023
Figure 27 US to Command North American Market for Transportation Industry During Forecast Period
Figure 28 Geographic Analysis
Figure 29 APAC to Exhibit Highest CAGR in Laser Tracker Market Between 2018 and 2023
Figure 30 Snapshot of Market in North America
Figure 31 Snapshot of Market in Europe
Figure 32 Snapshot of Market in APAC
Figure 33 Market Evolution Framework — Product Launches Emerged as Key Strategy Adopted By Market Players
Figure 34 Product Launches – Key Growth Strategy in 2017

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