Laser Trackers Global Market is Projected to Reach $693.8 Million by 2030: Shift Towards Industry 4.0 Augurs Well


Dublin, May 12, 2023 (GLOBE NEWSWIRE) -- The "Laser Trackers: Global Strategic Business Report" report has been added to's offering.

The global market for Laser Trackers estimated at US$290.1 Million in the year 2022, is projected to reach a revised size of US$693.8 Million by 2030, growing at a CAGR of 11.5% over the analysis period 2022-2030.

Quality Control & Inspection, one of the segments analyzed in the report, is projected to record a 12.4% CAGR and reach US$267.8 Million by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Alignment segment is readjusted to a revised 11.7% CAGR for the next 8-year period.

The U.S. Market is Estimated at $75.4 Million, While China is Forecast to Grow at 15.2% CAGR

The Laser Trackers market in the U.S. is estimated at US$75.4 Million in the year 2022. 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 15.2% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.6% and 10.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 9.9% CAGR.

Select Competitors (Total 30 Featured) -

  • Automated Precision, Inc.
  • Brunson Instrument Company
  • FARO Technologies, Inc.
  • Hexagon AB
  • Hubbs Machine and Manufacturing Inc.
  • Nikon Metrology Inc.
  • On-Trak Photonics Inc.
  • PLX Inc.
  • SGS S.A.
  • Variation Reduction Solutions, Inc.
  • VMT GmbH Gesellschaft fur Vermessungstechnik

Key Attributes:

Report AttributeDetails
No. of Pages235
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$290.1 Million
Forecasted Market Value (USD) by 2030$693.8 Million
Compound Annual Growth Rate11.5%
Regions CoveredGlobal

Key Topics Covered:




  • Influencer Market Insights
  • World Market Trajectories
  • COVID-19 Leaves the World in Shambles & Industries and Markets Upended Including Laser Trackers
  • World Economic Growth Projections (Real GDP, annual % Change) for 2019, 2020 & 2021
  • Virus Induced Pandemic Led Macroeconomic Variables Deterioration and Subdued Industrial Activity Bring Grim News for Laser Trackers
  • Global PMI Index Points for the Years 2018, 2019 & 2020
  • Global Consumer Confidence Index Points for 4Q2019, 1Q2020 & 2Q2020
  • Business Confidence Index (BCI) Points for 3Q 2019, 4Q 2019, 1Q 2020, & 2Q 2020
  • Business Climate Indicator (BCI) in the Euro Area for the Period June 2019 to May 2020
  • An Introduction to Laser Technology and Laser Trackers
  • Laser Trackers: Advantages and Applications
  • Laser Tracker Types and Accessories
  • Automation of Robots: A Key Area of Innovation
  • Laser Trackers Market: An Overview and Outlook
  • Application Market Analysis
  • World Laser Trackers Market by Application (2020 & 2027): Percentage Breakdown of Sales for Quality Control & Inspection, Alignment, Calibration, and Reverse Engineering
  • End-Use Market Analysis
  • World Laser Trackers Market by End-Use (2020 & 2027): Percentage Breakdown of Sales for Aerospace & Defense, Automotive, Energy & Power, Architecture & Construction, and Other End-Uses
  • Regional Analysis: Europe Garners a Larger Market Pie
  • World Laser Trackers Market (2020 & 2027): Percentage Breakdown of Revenues for Developed and Developing Regions
  • World Laser Trackers Market - Geographic Regions Ranked by Value CAGR for 2020-2027: China, Asia-Pacific, Rest of World, USA, Canada, Europe, and Japan
  • Competitive Scenario
  • Recent Market Activity
  • Select Global Brands
  • Laser Trackers - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)



  • Focus on Quality Control & Inspection Propels Growth
  • Importance in Precision Parts Manufacturing
  • Shift Towards Industry 4.0 Augurs Well
  • Major Industry 4.0 Technologies: Global Market Size (US$ Billion) for Internet of Things (IoT), Big Data, Smart Factory, Advanced Analytics, Service Robotics, and Smart Machines for 2020
  • Benefits such as High Accuracy, Precision, and Portability Make Laser Trackers a Vital Component in Various Applications
  • Laser Trackers: A Boon for Businesses
  • Growing Distance Measurement Technology Advancements and Processing Speed Improvements Drive Demand for Laser Trackers
  • Aerospace & Defense: Major End-Use Sector
  • COVID-19 Pandemic Dents Airline Revenues: Commercial Airline Revenue Growth (in %) for 2010-2020
  • Global Airlines Performance by Region: 2020 Vs 2019
  • Need for Laser Trackers in Condition Monitoring and Extrusion Press Alignment in Automotive Manufacturing Drives Demand
  • World Automobile Production in Million Units: 2008-2022
  • Automobile Production % YoY Change Across Select Regions: 2020 Vs 2019
  • Automation Drive in Automotive Industry Bodes Well
  • Expanding IoT Ecosystem to Provide Steady Demand Prospects
  • Global Number of IoT Connected Devices (In Billion Units) for the Years 2016, 2018, 2020, 2022 & 2025
  • Global IoT Market (In US$ Billion) by Industry for the Years 2018 and 2022
  • Land Surveying: Emerging Application
  • Opportunities in Renewable Energy Sector
  • Innovations and Advancements
  • Absolute Tracker Systems: Laser Tracker Technology Development
  • Modern Technological Approaches Complement Traditional Methods of Extrusion Press Alignment
  • Avoiding Built-in Compensation Routines
  • Laser Trackers Market: Major Challenges




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Global Market for Laser Trackers

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