Laser Tracker Market - Increasing Demand For Laser Tracker For Inspecting and Monitoring The Quality of Finished Products

The laser tracker was developed in the mid of 1980s to facilitate robot metrology. Though after thirty years since invention, this technology now renowned as the measurement tool of choice in the manufacturing and assembly of large components. In addition, laser tracker systems lead the field in terms of the durability, accuracy and reliability of portable coordinate measuring machines. Currently, robot tracking, calibration, maintenance and testing application, where the laser tracker technology is used at a rapid pace.

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Last couple of years, growing demand for research & development activities in 3D measurement technique have tremendously increased the scope and applicability of laser trackers. Furthermore, in laser technology is using multiple application which includes robot metrology, manufacture and assembly of large components worldwide. The global laser tracker market is estimated to witness a stable growth during the projection period from 2018-2026.

Quality control, inspection and measurement is an important consideration in aerospace & defense and automotive businesses to confirm customer specifications and requirements are met. Owing to increasing demand for laser tracker for inspecting and monitoring the quality of finished products, assembled parts and components, which is anticipated to augment the demand of laser tracker in future. Global Laser tracker market has been segmented on the basis of component, application, end use industry and geography.

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Based on component, the market for laser tracker has been classified into hardware and software. Hardware segment again is segmented into laser tracker controller, retro reflector, essential accessories, computer system, others. In 2017, the market for essential accessories, computer system segment held the largest market share in laser tracker market. On the basis of application, global laser tracker market has been bifurcated into quality control & inspection, alignment, calibration and reverse engineering. Quality control & inspection segment is projected to grow at a highest CAGR rate during in future.

This is mainly due to, various manufacturing companies are adopting this technology to strengthen their quality control segment and to meet the customer requirements and specifications. Based on the end use industry, the global laser tracker market is classified into various types which includes aerospace, robotics, automotive, architecture and construction and power generation among others. Robotics segment is anticipated to grow at highest CARG rate during the forecast period.

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