DUBLIN--(BUSINESS WIRE)--The "Laser Tracker Market by Application (Quality Control & Inspection, Alignment, and Reverse Engineering), Industry (Automotive, Aerospace & Defense, General Manufacturing, Energy & Power), and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The laser tracker market is estimated to be valued at USD 290.9 million in 2018 and is expected to be worth USD 521.6 million by 2023, growing at a CAGR of 12.39% between 2018 and 2023.
The growth of the laser tracker market is propelled by the necessity of quality control & inspection across industries such as automotive and aerospace & defense. Quality control & inspection methodologies verify and maintain the desired level of product quality. The major challenge for players in the laser tracker market is addressing alignment errors that may result in loss of measurement accuracy when the tracker is operational.
Manufacturing aircraft involves large-scale metrology, along with in-place inspection of large parts and assemblies. The most common applications of laser trackers, owing to their portability, in the aerospace industry are jig component inspection and wing component assembly. Apart from inspection, laser trackers are used for monitoring the condition of fixtures or tools and track their movements in real time. Adjustments are made if a fixture is found to be trending out of tolerance before nonconforming parts are formed.
Other applications of laser trackers in the aerospace industry include process improvements in die inspection, sub- and final-assembled product inspection, and detailed part inspection. In the defense industry, laser trackers are used in 3D measurement and reverse engineering, weapon system and shaft and rail alignment, RADAR dish profiling, aircraft rigging, and many other measurement products and services.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Components of Laser Trackers and Related Services
7 Laser Tracker Market, By Application
8 Laser Tracker Market, By Industry
9 Geographic Analysis
10 Competitive Landscape
11 Company Profiles
- On-Trak Photonics
- Variation Reduction Solutions
- Oasis Alignment Services, LLC
- Nebula3D Services Private Limited
- Mactech Inc.
- East Coast Metrology, LLC
- Advanced Dimensional Solutions Pty Ltd.
- Hiwe Sqs
- Diverse Dimensions
- Or3D Ltd.
- Novamechanical Design Ltd.
For more information about this report visit https://www.researchandmarkets.com/research/wvqbhm/global_laser?w=4