Global Laser Tracker Market Size, Share & Industry Trends Analysis Report By Offering, By Application (Quality Control & Inspection, Alignment, Reverse Engineering, and Calibration), By Industry, By Regional Outlook and Forecast, 2022 – 2028

Global Laser Tracker Market Size, Share & Industry Trends Analysis Report By Offering, By Application (Quality Control & Inspection, Alignment, Reverse Engineering, and Calibration), By Industry, By Regional Outlook and Forecast, 2022 – 2028

The Global Laser Tracker Market size is expected to reach $920 million by 2028, rising at a market growth of 6.8% CAGR during the forecast period.

The laser tracker is a device that precisely measures a large object by figuring out the positions of the optical targets. There are various tools available for inspecting and measuring parts, goods, and environments. Instead of physical control devices and traditional hand tools, laser trackers are frequently used to calculate objects.

An object that can be shifted anywhere within the base unit's line of sight can be measured quickly and precisely by a laser tracker by tracking a laser beam and calculating 3D coordinates. The rising demand for three-dimensional measurement solutions across a variety of industries, including aerospace and defense, automotive, and power generation, as well as the increasing use of laser trackers for the assembly of large components are some of the major and crucial factors that have contributed to these advancements in distance measurement technology and processing speed.

In addition, the market for laser trackers is predicted to expand in the above-mentioned projected timeframe due to the rising number of automotive and aviation manufacturers as well as the rising demand for research & development activities in 3D measurement techniques.

A high-definition camera or cameras, in the case of the Radian Pro is mounted on the tracker and it faces the same way as the laser beam. The laser trackers are used to measure aspheric surfaces and to assemble optical systems for the first time. As long as all of the degrees of freedom for the optics can be transferred to SMRs, the laser tracker can be utilized directly to measure the position of optical elements in a system.

Covid-19 Impact Analysis

The COVID-19 outbreak has had an impact on the economies and industries of many different nations. One of the major sectors affected by this outbreak is the automotive sector, which is currently dealing with supply chain disruptions, technology event cancellations, and office closures. As a result of this, the laser tracker market has also been negatively affected due to the reduced demand for laser trackers from the automotive industry. Due to factory closures, supply chain challenges, and the general market collapse brought on by COVID-19, the market is also being negatively impacted. As the production of laser trackers has been hampered due to the lack of resources.

Market Growth Factors

High precision, portability, & accuracy of laser trackers

The portability of laser trackers is extremely high; they have an internal battery that enables extreme precision over very long distances and can operate in the most difficult conditions while retaining the highest level of accuracy. Modern lasers are portable and, when used within a practical measurement range, have remarkably high accuracy. Additionally, modern systems are Wi-Fi enabled, allowing for even more seamless communication between sensors to speed up data transfer. The most precise portable tool for large dimensional metrology is the laser tracker.

The growing use of cloud computing

SMEs are increasingly utilizing cloud computing services due to certain benefits like no upfront infrastructure setup costs and the availability of computing services on demand. These factors are fueling an increase in the demand for cloud services across a range of organizations. The hybrid cloud has several benefits, including better workload management, increased security & compliance, and efficient integration with DevOps teams. Additionally, it offers the flexibility to switch from on-premises to cloud or between clouds and possesses the necessary scale to outperform rival businesses.

Market Restraining Factors

Availability of alternatives for performing inspection and calibration tasks

The presence of alternatives like Laser Radar is a significant factor that could restrain the growth of the Laser Tracker Market. Laser radars have the high precision needed to measure intricate objects. It's frequently employed for engineering purposes. By releasing new versions and updated laser radar products, businesses have begun concentrating on expanding their footprint in high-volume metrology applications. Although skilled operators are required to operate the equipment because laser radar technology is primarily automated, it is more effective than other surveying techniques that call for more manual labour.

Offering Outlook

Based on offering, the laser tracker market is segmented into hardware, software and services. The hardware segment dominated the laser tracker market by generating the maximum revenue share in 2021. Because laser tracking providers can gather a significant amount of data in a brief amount of time, which results in decreased inspection time, highly accurate measurements, & process stability, manufacturing companies are outsourcing their measurement and inspection tasks to them. These elements would fuel the growth of the segment.

Application Outlook

On the basis of application, the laser tracker market is fragmented into quality control & inspection, alignment, reverse engineering, and calibration. In 2021, the alignment segment covered a substantial revenue share in the laser tracker market. Engineering, manufacturing, and quality control professionals can measure & inspect large parts, machinery, and other large objects on-site by the use of laser trackers while they are being used, or wherever it is most practical and economical to do so. This benefit of laser tracker is expected to support the market growth in this segment.

Industry Outlook

By industry, the laser treatment market is divided into automotive, aerospace & defense, energy & power, general manufacturing, architecture & Construction, transportation and others. The automotive segment led the laser tracker market with the highest revenue share in the laser tracker market in 2021. The expansion of the automotive industry across a variety of applications, including reverse engineering, alignment, and quality control & inspection, is made possible by businesses' growing interest in studying emerging markets. Additionally, a number of automakers have begun to invest in cutting-edge technologies like laser trackers to upgrade contemporary cars with cutting-edge features, boost productivity, and meet the expanding demand for automobiles.

Regional Outlook

Region wise, the laser treatment market is analyzed across the North America, Europe, Asia Pacific and LAMEA. In 2021, the North America region witnessed the largest revenue share in the laser tracker market. This is because of the high availability of resources in the region. Laser trackers have enormous growth potential in these industries for applications like reverse engineering, quality control, inspection, calibration, and alignment due to the explosive growth of the electric vehicle demand and the production of solar modules. All these factors are supporting regional market growth.

The major strategies followed by the market participants are Product Launches. Based on the Analysis presented in the Cardinal matrix; Hexagon AB is the forerunners in the Laser Tracker Market. Companies such as 3D Systems Corporation, Faro Technologies, Inc. and Automated Precision, Inc. are some of the key innovators in Laser Tracker Market.

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.

Recent strategies deployed in Laser Tracker Market

Partnerships, Collaborations and Agreements

Jun-2022: 3D Systems partnered with EMS-GRILTECH, a Swiss corporation with worldwide activities in High-Performance Polymers and Specialty Chemicals. Under this partnership, the companies would launch DuraForm PAx Natural, a first to market material available for all Selective Laser Sintering platforms. This partnership aimed at improving additive manufacturing materials development.

Nov-2021: Hexagon partnered with Airbus, a European multinational aerospace corporation. This partnership focused on integrating two Leica Chiroptera 4X bathymetric LiDAR sensors for maritime surveillance into the C295 MSA, Airbus’ Maritime Surveillance Aircraft. Further, the Hexagon's new technology would allow the detection of underwater objects in near real-time, a significant innovation in the airborne bathymetry industry.

May-2021: Mitutoyo came into partnership with API, a global company providing advanced dimensional metrology solutions. This partnership aimed at distributing API’s portable dimensional metrology equipment. Additionally, the partnership would offer a great opportunity for Mitutoyo to add the most complete line of high-quality portable metrology equipment to what the company can offer to its consumers.

Oct-2020: Automated Precision entered into a partnership MeetConsult. Through this partnership, API would be able to supply Dutch consumers with innovative mobile 3D metrology, on-site measurement services, Laser Tracker calibration, and an attractive rental program, using more than 30 years of expertise in international markets & development.

Acquisitions & Mergers

Jan-2022: FARO Technologies took over SpatialMetrix, a leading manufacturer as well as supplier of laser trackers, metrology software & contract inspection services. The acquisition would serve FARO with the opportunity to expand its product line with a complementary technology for the existing consumer base.

Aug-2021: Hexagon completed the acquisition of Wuhan Zhongguan Company, a high-tech company dedicated to the development of software & hardware products in the fields of digital photogrammetry, computer vision, and intelligence. Through this acquisition, the companies aimed at enhancing their capabilities in the field of 3D data acquisition & further expand Hexagon’s solution portfolio in the field of intelligent manufacturing.

Jan-2021: PLX took over Reflex Imaging, a start-up company that develops optical devices and laser scanners. This acquisition would uphold PLX’s position at the forefront of the photonics industry & adds Reflex Imaging’s ground-breaking technology to PLX’s industry-leading capabilities in the field of monolithic optics.

Product Expansion & Product Launches

Aug-2022: Mitutoyo launched Quick Vision Pro Series, the new generation of Mitutoyo Vision Measurement Systems. Quick Vision Pro Series machines are packed with high-performance technologies that greatly enhance 3D non-contact measurement & productivity. This highly advanced non-contact measuring system delivers even more efficiency, speed, and versatility to the Mitutoyo Vision Measurement line.

Jun-2022: Hexagon introduced Leica Absolute Tracker AT500. AT500 automatically re-establishes interrupted lines of sight within a broad field of view without any user interaction and offers reflector measurement up to 160 meters from the tracker to simplify 6DoF probing functionality. Various features of AT500 contribute to extremely fast setup times, that includes the system’s built-in controller unit, a first for an Absolute Tracker.

Apr-2022: Hexagon launched WRTL, a wireless laser tracker automation system. The launch of WRTL aimed at solving common configuration challenges faced by consumers setting up large, automated inspection systems by removing the requirement of a cable connecting the laser tracker & the scanner controller, opening up the chances for the tracker and/or the scanner to be mobile through mounting on an autonomous mobile robot (AMR) or automated guided vehicle (AGV).

Apr-2022: InnovMetric released PolyWorks 2022, the latest smart 3D metrology digital ecosystem. PolyWorks 2022 offers various new functionalities that would expand the capabilities of its ecosystem foundations. It facilitates multipiece inspection when CAD data is not available.

Apr-2022: FARO Technologies launched FARO Focus Premium Laser and FARO Stream mobile app, unprecedented, ultra-efficient data capture and collaboration platform. The launch focused on serving with fast, accurate, and complete field capture along with real-time data verification.

Oct-2021: Automated Precision unveiled iSCAN3D 3D scanner, a handheld laser metrology 3D scanner produced. This launch focused on the API's growing market providing the next-generation measuring solution, integrating both tactile & laser scanning into a single, seamless, high-accuracy solution.

Nov-2020: FARO Technologies introduced 6Probe, a new generation Vantage Laser Tracker 6 Degrees of Freedom (6DoF) Probe. The new 6Probe offers exceptional portability and is compatible with FARO VantageS6 and VantageE6 Laser Trackers, enabling users to build, inspect and measure products faster and with greater accuracy.

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 Geography
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA
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 Global Laser Tracker Market, by Offering
1.4.2 Global Laser Tracker Market, by Application
1.4.3 Global Laser Tracker Market, by Industry
1.4.4 Global Laser Tracker Market, by Geography
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. Global Laser Tracker Market by Offering
4.1 Global Hardware Market by Region
4.2 Global Software Market by Region
4.3 Global Services Market by Region
Chapter 5. Global Laser Tracker Market by Application
5.1 Global Quality Control & Inspection Market by Region
5.2 Global Alignment Market by Region
5.3 Global Reverse Engineering Market by Region
5.4 Global Calibration Market by Region
Chapter 6. Global Laser Tracker Market by Industry
6.1 Global Automotive Market by Region
6.2 Global Aerospace & Defense Market by Region
6.3 Global Energy & Power Market by Region
6.4 Global General Manufacturing Market by Region
6.5 Global Architecture & Construction Market by Region
6.6 Global Transportation Market by Region
6.7 Global Others Market by Region
Chapter 7. Global Laser Tracker Market by Region
7.1 North America Laser Tracker Market
7.1.1 North America Laser Tracker Market by Offering
7.1.1.1 North America Hardware Market by Country
7.1.1.2 North America Software Market by Country
7.1.1.3 North America Services Market by Country
7.1.2 North America Laser Tracker Market by Application
7.1.2.1 North America Quality Control & Inspection Market by Country
7.1.2.2 North America Alignment Market by Country
7.1.2.3 North America Reverse Engineering Market by Country
7.1.2.4 North America Calibration Market by Country
7.1.3 North America Laser Tracker Market by Industry
7.1.3.1 North America Automotive Market by Country
7.1.3.2 North America Aerospace & Defense Market by Country
7.1.3.3 North America Energy & Power Market by Country
7.1.3.4 North America General Manufacturing Market by Country
7.1.3.5 North America Architecture & Construction Market by Country
7.1.3.6 North America Transportation Market by Country
7.1.3.7 North America Others Market by Country
7.1.4 North America Laser Tracker Market by Country
7.1.4.1 US Laser Tracker Market
7.1.4.1.1 US Laser Tracker Market by Offering
7.1.4.1.2 US Laser Tracker Market by Application
7.1.4.1.3 US Laser Tracker Market by Industry
7.1.4.2 Canada Laser Tracker Market
7.1.4.2.1 Canada Laser Tracker Market by Offering
7.1.4.2.2 Canada Laser Tracker Market by Application
7.1.4.2.3 Canada Laser Tracker Market by Industry
7.1.4.3 Mexico Laser Tracker Market
7.1.4.3.1 Mexico Laser Tracker Market by Offering
7.1.4.3.2 Mexico Laser Tracker Market by Application
7.1.4.3.3 Mexico Laser Tracker Market by Industry
7.1.4.4 Rest of North America Laser Tracker Market
7.1.4.4.1 Rest of North America Laser Tracker Market by Offering
7.1.4.4.2 Rest of North America Laser Tracker Market by Application
7.1.4.4.3 Rest of North America Laser Tracker Market by Industry
7.2 Europe Laser Tracker Market
7.2.1 Europe Laser Tracker Market by Offering
7.2.1.1 Europe Hardware Market by Country
7.2.1.2 Europe Software Market by Country
7.2.1.3 Europe Services Market by Country
7.2.2 Europe Laser Tracker Market by Application
7.2.2.1 Europe Quality Control & Inspection Market by Country
7.2.2.2 Europe Alignment Market by Country
7.2.2.3 Europe Reverse Engineering Market by Country
7.2.2.4 Europe Calibration Market by Country
7.2.3 Europe Laser Tracker Market by Industry
7.2.3.1 Europe Automotive Market by Country
7.2.3.2 Europe Aerospace & Defense Market by Country
7.2.3.3 Europe Energy & Power Market by Country
7.2.3.4 Europe General Manufacturing Market by Country
7.2.3.5 Europe Architecture & Construction Market by Country
7.2.3.6 Europe Transportation Market by Country
7.2.3.7 Europe Others Market by Country
7.2.4 Europe Laser Tracker Market by Country
7.2.4.1 Germany Laser Tracker Market
7.2.4.1.1 Germany Laser Tracker Market by Offering
7.2.4.1.2 Germany Laser Tracker Market by Application
7.2.4.1.3 Germany Laser Tracker Market by Industry
7.2.4.2 UK Laser Tracker Market
7.2.4.2.1 UK Laser Tracker Market by Offering
7.2.4.2.2 UK Laser Tracker Market by Application
7.2.4.2.3 UK Laser Tracker Market by Industry
7.2.4.3 France Laser Tracker Market
7.2.4.3.1 France Laser Tracker Market by Offering
7.2.4.3.2 France Laser Tracker Market by Application
7.2.4.3.3 France Laser Tracker Market by Industry
7.2.4.4 Russia Laser Tracker Market
7.2.4.4.1 Russia Laser Tracker Market by Offering
7.2.4.4.2 Russia Laser Tracker Market by Application
7.2.4.4.3 Russia Laser Tracker Market by Industry
7.2.4.5 Spain Laser Tracker Market
7.2.4.5.1 Spain Laser Tracker Market by Offering
7.2.4.5.2 Spain Laser Tracker Market by Application
7.2.4.5.3 Spain Laser Tracker Market by Industry
7.2.4.6 Italy Laser Tracker Market
7.2.4.6.1 Italy Laser Tracker Market by Offering
7.2.4.6.2 Italy Laser Tracker Market by Application
7.2.4.6.3 Italy Laser Tracker Market by Industry
7.2.4.7 Rest of Europe Laser Tracker Market
7.2.4.7.1 Rest of Europe Laser Tracker Market by Offering
7.2.4.7.2 Rest of Europe Laser Tracker Market by Application
7.2.4.7.3 Rest of Europe Laser Tracker Market by Industry
7.3 Asia Pacific Laser Tracker Market
7.3.1 Asia Pacific Laser Tracker Market by Offering
7.3.1.1 Asia Pacific Hardware Market by Country
7.3.1.2 Asia Pacific Software Market by Country
7.3.1.3 Asia Pacific Services Market by Country
7.3.2 Asia Pacific Laser Tracker Market by Application
7.3.2.1 Asia Pacific Quality Control & Inspection Market by Country
7.3.2.2 Asia Pacific Alignment Market by Country
7.3.2.3 Asia Pacific Reverse Engineering Market by Country
7.3.2.4 Asia Pacific Calibration Market by Country
7.3.3 Asia Pacific Laser Tracker Market by Industry
7.3.3.1 Asia Pacific Automotive Market by Country
7.3.3.2 Asia Pacific Aerospace & Defense Market by Country
7.3.3.3 Asia Pacific Energy & Power Market by Country
7.3.3.4 Asia Pacific General Manufacturing Market by Country
7.3.3.5 Asia Pacific Architecture & Construction Market by Country
7.3.3.6 Asia Pacific Transportation Market by Country
7.3.3.7 Asia Pacific Others Market by Country
7.3.4 Asia Pacific Laser Tracker Market by Country
7.3.4.1 China Laser Tracker Market
7.3.4.1.1 China Laser Tracker Market by Offering
7.3.4.1.2 China Laser Tracker Market by Application
7.3.4.1.3 China Laser Tracker Market by Industry
7.3.4.2 Japan Laser Tracker Market
7.3.4.2.1 Japan Laser Tracker Market by Offering
7.3.4.2.2 Japan Laser Tracker Market by Application
7.3.4.2.3 Japan Laser Tracker Market by Industry
7.3.4.3 India Laser Tracker Market
7.3.4.3.1 India Laser Tracker Market by Offering
7.3.4.3.2 India Laser Tracker Market by Application
7.3.4.3.3 India Laser Tracker Market by Industry
7.3.4.4 South Korea Laser Tracker Market
7.3.4.4.1 South Korea Laser Tracker Market by Offering
7.3.4.4.2 South Korea Laser Tracker Market by Application
7.3.4.4.3 South Korea Laser Tracker Market by Industry
7.3.4.5 Singapore Laser Tracker Market
7.3.4.5.1 Singapore Laser Tracker Market by Offering
7.3.4.5.2 Singapore Laser Tracker Market by Application
7.3.4.5.3 Singapore Laser Tracker Market by Industry
7.3.4.6 Malaysia Laser Tracker Market
7.3.4.6.1 Malaysia Laser Tracker Market by Offering
7.3.4.6.2 Malaysia Laser Tracker Market by Application
7.3.4.6.3 Malaysia Laser Tracker Market by Industry
7.3.4.7 Rest of Asia Pacific Laser Tracker Market
7.3.4.7.1 Rest of Asia Pacific Laser Tracker Market by Offering
7.3.4.7.2 Rest of Asia Pacific Laser Tracker Market by Application
7.3.4.7.3 Rest of Asia Pacific Laser Tracker Market by Industry
7.4 LAMEA Laser Tracker Market
7.4.1 LAMEA Laser Tracker Market by Offering
7.4.1.1 LAMEA Hardware Market by Country
7.4.1.2 LAMEA Software Market by Country
7.4.1.3 LAMEA Services Market by Country
7.4.2 LAMEA Laser Tracker Market by Application
7.4.2.1 LAMEA Quality Control & Inspection Market by Country
7.4.2.2 LAMEA Alignment Market by Country
7.4.2.3 LAMEA Reverse Engineering Market by Country
7.4.2.4 LAMEA Calibration Market by Country
7.4.3 LAMEA Laser Tracker Market by Industry
7.4.3.1 LAMEA Automotive Market by Country
7.4.3.2 LAMEA Aerospace & Defense Market by Country
7.4.3.3 LAMEA Energy & Power Market by Country
7.4.3.4 LAMEA General Manufacturing Market by Country
7.4.3.5 LAMEA Architecture & Construction Market by Country
7.4.3.6 LAMEA Transportation Market by Country
7.4.3.7 LAMEA Others Market by Country
7.4.4 LAMEA Laser Tracker Market by Country
7.4.4.1 Brazil Laser Tracker Market
7.4.4.1.1 Brazil Laser Tracker Market by Offering
7.4.4.1.2 Brazil Laser Tracker Market by Application
7.4.4.1.3 Brazil Laser Tracker Market by Industry
7.4.4.2 Argentina Laser Tracker Market
7.4.4.2.1 Argentina Laser Tracker Market by Offering
7.4.4.2.2 Argentina Laser Tracker Market by Application
7.4.4.2.3 Argentina Laser Tracker Market by Industry
7.4.4.3 UAE Laser Tracker Market
7.4.4.3.1 UAE Laser Tracker Market by Offering
7.4.4.3.2 UAE Laser Tracker Market by Application
7.4.4.3.3 UAE Laser Tracker Market by Industry
7.4.4.4 Saudi Arabia Laser Tracker Market
7.4.4.4.1 Saudi Arabia Laser Tracker Market by Offering
7.4.4.4.2 Saudi Arabia Laser Tracker Market by Application
7.4.4.4.3 Saudi Arabia Laser Tracker Market by Industry
7.4.4.5 South Africa Laser Tracker Market
7.4.4.5.1 South Africa Laser Tracker Market by Offering
7.4.4.5.2 South Africa Laser Tracker Market by Application
7.4.4.5.3 South Africa Laser Tracker Market by Industry
7.4.4.6 Nigeria Laser Tracker Market
7.4.4.6.1 Nigeria Laser Tracker Market by Offering
7.4.4.6.2 Nigeria Laser Tracker Market by Application
7.4.4.6.3 Nigeria Laser Tracker Market by Industry
7.4.4.7 Rest of LAMEA Laser Tracker Market
7.4.4.7.1 Rest of LAMEA Laser Tracker Market by Offering
7.4.4.7.2 Rest of LAMEA Laser Tracker Market by Application
7.4.4.7.3 Rest of LAMEA 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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