Laser Tracker Measuring Machine Market Size, Forecasts Analysis, Industry Growth, Company Profiles, Global 2021 Industry Share and Key Regions 2027 - Faro, API, Hexagon, VMT GmbH, On-Trak Photonics Inc., SGS, Variation Reduction Solutions, Inc.

The “Laser Tracker Measuring Machine Market” report provides 2021-2027 a detailed market overview based on current and future trends that will determine the profit structure. Market size, demand, supply chain, market growth factors, and future trends. It involves an in-depth study of the current trends leading to this vertical trend in different regions. The report provides important information related to components and factors such as market size, market share, market segmentation, main growth drivers, and market competition. Laser Tracker Measuring Machine market segments are highlighted by type and application, region, and major players. It provides key statistics on the market conditions of major market participants.

“The Laser Tracker Measuring Machine Market is predicted to register a CAGR of 13% over the forecast period 2021 – 2027.”

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Market Overview:

Automotive manufacturing is complex and requires a wide range of equipment. The automotive industry is a technological trendsetter among manufacturing industries. It deploys equipment that helps the automotive industry speed up the manufacturing process efficiently, which helps market products quickly. Laser trackers are able to address the challenge of quality assurance of large parts to ensure periodic condition monitoring. These can inspect large construction machinery in which the frame alone could exceed 2 m, which can make the inspection process both labor-intensive and time-consuming. Laser trackers will help in cutting down OPEX for both large and small players involved in the manufacturing and assembly of critical products and equipment. Therefore, the presence of a large number of players involved in the automotive as well as other industrial component manufacturing process is a crucial factor that will create growth opportunities for the laser tracker market.

Key Competitors of the Laser Tracker Measuring Machine market is:

Faro, API, Hexagon, VMT GmbH, On-Trak Photonics Inc., SGS, Variation Reduction Solutions, Inc., Brunson Instrument Company, Hubbs Machine and Manufacturing Inc., PLX Inc.

Recent Development:

Hexagon

Hexagon has acquired 71 companies, including 30 in the last 5 years. A total of 9 acquisitions came from private equity firms. It has also divested 1 asset. Hexagon’s largest acquisition to date was in 2021, when it acquired Infor EAM for $2.8B. Hexagon has acquired in 13 different US states, and 22 countries. The Company’s most targeted sectors include software (51%) and distribution (11%). Hexagon is a provider of integrated design, measurement and visualisation technologies. Hexagon was founded in 1975 and is based in Stockholm, Sweden.

API

APi Group has acquired 22 companies, including 2 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 2 assets. APi Group’s largest acquisition to date was in 2021, when it acquired Chubb Fire & Security Group for $3.1B. It’s largest disclosed sale occurred in 2011, when it sold Industrial Contractors to Skanska USA Building for $135M. APi Group has acquired in 11 different US states, and 4 countries. The Company’s most targeted sectors include safety/security (50%) and construction (28%).

Impact of COVID-19 on the Laser Tracker Measuring Machine Market:

The rise of COVID-19 has tempered showcase improvement; anyhow, the market is consistently choosing up-tempo because of growing lockdowns. The fast increment in CAGR is thanks to the request and extension of this marketplace, which is a practicality to come to pre-pandemic ranges once the large, is gone.

Major Types covered are:

Fixed
Portable

Major Applications covered are:

Automotive
Aerospace & Defense
Energy & Power
General Industry
Others

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Europe Dominates the market:

Europe accounted for the largest share of the laser tracker market. OEMs in Europe have started using laser trackers to meet quality and safety requirements during the production process. Laser trackers in the automotive industry find multiple applications, such as quality inspection, alignment, and calibration. Thus, the growing automotive industry boosts the demand for laser trackers. Germany, the UK, and France are expected to be the top 3 contributors to the market in Europe. The market in APAC is expected to grow at the highest CAGR during the forecast period. One of the key drivers for the growth of the market in APAC is the growing focus of several market players on the adoption of new technologies. This region has become a global focal point for major investments and business expansion opportunities.

Regional market Laser Tracker Measuring Machine (regional production, demand and forecast by country):

South America (Brazil, Argentina, Ecuador, Chile)

Asia Pacific (China, Japan, India, Korea)

Europe (Germany, UK, France, Italy)

Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And more.

The inquire approximately record considers the past, display, and destiny execution of the global market. The record advances investigations the display aggressive situations, most important trade models, and consequently the possible headways in services with the aid of using crucial gamers inside the upcoming years.

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Report Features:

To project the value and sales volume of the Laser Tracker Measuring Machine market, concerning key regions.
To analyses competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To study and analyses the global Laser Tracker Measuring Machine market size (value & volume) by company, key regions, products, and end-user, breakdown data from The Last Five Years, and forecast to 2027.
To understand the structure of the Laser Tracker Measuring Machine market by identifying its various sub-segments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, industry-specific challenges, and risks).

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