Europe Laser Tracker Market Size, Share & Industry Trends Analysis Report By Offering, By Application (Quality Control & Inspection, Alignment, Reverse Engineering, and Calibration), By Industry, By Country and Growth Forecast, 2022 - 2028

Europe Laser Tracker Market Size, Share & Industry Trends Analysis Report By Offering, By Application (Quality Control & Inspection, Alignment, Reverse Engineering, and Calibration), By Industry, By Country and Growth Forecast, 2022 - 2028

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.

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
Companies Profiled
  • 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.
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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

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