Global Laser Tracker Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Laser Tracker Market 2021 (Includes Business Impact of COVID-19)
Global Laser Tracker Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global laser tracker market report has been segmented on the basis of offering, application, end-use industry, and region.
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The laser tracker market was valued at USD329.21 million in 2020 and is expected to reach USD 1033.15 million by 2030, at a CAGR of 12.08% during the forecast period. The base year considered for the study is 2017, and the forecast period is between 2020 and 2030.


Global Laser Tracker Market: Overview


The laser tracker is a type of instrument used for measuring three-dimensional features of large objects. It sends a laser beam to the retroreflective target held against the object and reflected ray retraces its path while re-entering the tracker. Laser tracker measures a distance and two angles.


Global Laser Tracker Market: Dynamics


Increasing demand for three-dimensional measurement solutions in various industries such as defense, aerospace, automotive, power generation, etc. is a major factor driving the growth of the global laser tracker market. The laser tracker is portable as it is wireless and battery driven. For optical measurement, laser tracker can be mounted sideways, on the object, and upside down. In addition, it is highly accurate, precise, and capable of continuous measurement. These are some of the factors supporting growth of the global market. Furthermore, growing usage of laser tracker for assembly of large components is a factor expected to support growth of the global laser tracker market in the near future.

However, the availability of other substitutes such as laser radar is a factor that could affect growth of the global laser tracker market. In addition, alignment errors in laser tracker is another factor that may hamper growth of the global market. Nevertheless, growing automotive industry can create high revenue opportunities for players in the target market.


Global Laser Tracker Market: Segment Analysis


Among the application segments, the quality control and inspection segment dominates the global market in terms of revenue and expected to register high growth over the forecast period. Increasing adoption of laser tracker in various sectors such as aviation, automotive, and power generation for quality control as it is portable and compact technology with high accuracy is a factor supporting growth of this segment in the target market.

Among the end use industry segments, the automotive segment is expected to register significant growth in terms of revenue in the near future. Use of laser tracker for inspection and products as well as critical equipment manufacturing in the automotive sector is a factor expected to propel growth of this segment in the global market.


Global Laser Tracker Market: Regional Analysis


Currently, the market in Europe accounts for major share in terms of revenue and is expected to maintain its dominance over the forecast period. Increasing use of laser trackers in processing control for maintenance of safety and quality standards is a key factor driving growth of the target market in this region. In addition, high demand for laser tracker for various applications in countries such as UK and Germany is another factor expected to boost growth of the target market over the forecast period. The market in Asia Pacific is anticipated to account for second-highest share in terms of revenue and register high growth in the near future, followed by North America. Growing aerospace and automotive sector in countries in the Asia Pacific region is a factor fueling growth of the laser tracker market.


Below are the active patents related to Laser Tracker Market.


Patent Number: US8848203B2

Six degree-of-freedom laser tracker that cooperates with a remote projector to convey information

Abstract

A method of conveying information to a user of a coordinate measurement device, includes providing a first target projector, sending a first light beam from the device to a retroreflector; receiving a second light beam from the retroreflector; measuring the orientational and translational sets, the translational set based on the second light beam; selecting first information to be conveyed from the group consisting of one or more positions on the object, a direction indicated by a moving pattern, a message that includes one or more symbols or alphanumeric characters, a hidden feature, a measured object characteristic, a modeled characteristic, a magnified representation of surface characteristics, a pattern having meaning according to a rule, and combinations thereof; determining a first light pattern corresponding to the information; storing the first light pattern; and projecting the first light pattern onto the object based on the translational and orientational sets.

Application File Date: 2012-04-11

Application Granted Date: 2014-09-30

Current Assignee: Faro Technologies Inc

Patent Number: CN102003935A

Environment compensation method for measurement employing laser tracker

Abstract

The invention relates to an environment compensation method for measurement employing a laser tracker, which belongs to the technical field of photoclectric engineering and is used for compensation because the laser tracker is easily influenced by environmental factors in the measuring process. The method comprises the following steps of: (1) splitting laser for compensation from the emitted dual-frequency laser of a built-in dual-frequency laser device of the laser tracker; (2) projecting the laser for compensation to a piece to be tested and reflecting with a pyramidal prism to form a compensation light path; (3) additionally arranging an interference component in the compensation light path so that the compensation light path has the dual-frequency laser interference ranging function; (4) additionally arranging a laser splitting element and a PSD (Position-Sensitive Detector) in the compensation light path so that the compensation light path has the PSD displacement measuring function; and (5) compensating a measuring result of the laser tracker in real time by using dual-frequency laser interference ranging data and PSD displacement measuring data. By means of the method disclosed by the invention, the problem of measurement accuracy decrease of the laser tracker which is influenced by environmental factors in the large-size and high-accuracy on-line measurement is solved, and meanwhile, the advantages of simple structure and easiness for implementation are achieved.

Application File Date: 2010-11-03

Application Granted Date: 2012-10-31

Inventor : Li Jie Wu Shibin Wu Fan

Patent Number: US9612331B2

Laser tracker with functionality for graphical target preparation

Abstract

Some embodiments include a laser tracker having: a base defining a standing axis; a beam steering unit for emitting a measurement radiation; a distance measuring unit for determining the distance to the target; and angle measurement functionality for determining an alignment of the beam steering unit. The beam steering unit can swivel around the standing axis and a tilt axis relative to the base. A measurement axis is defined by an emission direction of the measurement radiation. The laser tracker may include a target-seeking unit having lighting means and at least one target-seeking camera having a position-sensitive detector. The one target-seeking field can be illuminated by means of the lighting means. A search image for the position dependent identification of the target can be detected with the target-seeking camera and at least part of the lighting beam reflected on the target can be determined as a search image position.

Application File Date: 2013-01-16

Application Granted Date: 2017-04-04

Current Assignee: Leica Geosystems AG

Global Laser Tracker Market Segmentation:

Segmentation by Offering:

  
Services
  
Software
  
Hardware

Segmentation by Application:

  
Calibration
  
Quality Control and Inspection
  
Reverse Engineering
  
Alignment

Segmentation by End-Use Industry:

  
Defense and Aerospace
  
Transportation
  
Architecture and Construction
  
Energy and Power
  
General Manufacturing
  
Automotive


Key Market Players included in the report:


  
API
  
Automated Precision Inc.
  
Brunson Instrument Company (US)
  
Faro (US)
  
Hexagon (Sweden)
  
Hubbs Machine and Manufacturing Inc. (US)
  
On-Trak Photonics Inc. (US)
  
PLX Inc. VMT GmbH
  
SGS S.A.
  
Variation Reduction Solutions Inc. (US)
  
VMT GmbH