Laser Tracker Market

Increasing use of laser trackers in the automotive industry is driving the market growth

The automobile sector is seeing a surge in demand for laser trackers as a low-cost tool to maintain vehicle quality control. Laser trackers provide in-place inspection, metrology evaluation alignment and assembly, reverse engineering, and part mating for large auto components and assemblies. Other uses for the laser tracker include setting up and aligning weld lines, setting up and aligning assembly lines, inspecting tools and fixtures, and more. Additionally, robotic automation made possible by laser tracking enables on-machine examination of large parts.

Leica Absolute Tracker ATS600, the industry's first direct scanning laser trackers, was introduced in March 2019 by HEXAGON Manufacturing Intelligent Division. It is made to accurately find a point in three-dimensional space. It can be utilized for large-scale measurement tasks in the automotive industry.

Another important element boosting market CAGR is the rise in the number of businesses making large investments in R&D projects and developing new product lines with enhanced precision and measuring capabilities. There is an increase in demand for distance measurement technology based on ultrasound and radar in several end-use industries, including shipbuilding, manufacturing, aircraft, and construction. Three-dimensional (3D) technology has been combined into laser trackers to improve performance and accuracy. One such innovation is 3D scanning, which lets laser trackers quickly record and transform an object's or structure's surface geometry into digital form.

Photogrammetry, which involves taking pictures of an object or structure from various angles and then using software to create a 3D model, is another 3D technology used in laser trackers. For instance, on June 29, 2022, Hexagon's Manufacturing Intelligence business unveiled the Leica Absolute Tracker AT500 and B-Probeplus, the company's most recent portable 3D laser tracker system. This new design significantly advances portability because it reduces cabling, simplifies setup, and supports a plug-and-play method.

However, for big dimensional metrology, laser tracker is regarded as the most precise portable tool. Portability, accuracy, simplicity of use, continuous measurement, and other advantages all contribute to the market's expansion. The debut of the next-generation Vantage Laser Tracker 6 Degrees of Freedom probe, the 6DoF Laser Tracker, was announced by FARO Technologies Inc. in November 2020. It is built with features that make it exceptionally portable, economical, quicker, and more accurate. Thus, driving the laser tracker market revenue.

The Global Laser Tracker Market Industry is poised for substantial growth, with projections indicating a market size of 0.38 USD Billion in 2024, potentially expanding to 1.17 USD Billion by 2035. This growth trajectory reflects a compound annual growth rate of 10.8% from 2025 to 2035. The increasing adoption of laser trackers across various industries, driven by the need for precision and efficiency, is a key factor in this expansion. As technological advancements continue to enhance the capabilities of laser trackers, their applications are likely to broaden, further fueling market growth.

The Global Laser Tracker Market Industry is experiencing rapid technological advancements that enhance measurement accuracy and efficiency. Innovations such as improved laser technology and software integration are driving the adoption of laser trackers across various sectors. For instance, advanced algorithms enable real-time data processing, which significantly reduces measurement time. As a result, industries such as aerospace and automotive are increasingly relying on laser trackers for quality control and precision engineering. This trend is expected to contribute to the market's growth, with projections indicating a market size of 0.38 USD Billion in 2024, potentially reaching 1.17 USD Billion by 2035.

The Global Laser Tracker Market Industry is witnessing a surge in demand from the manufacturing sector, where precision and accuracy are paramount. Laser trackers are essential tools for ensuring that components meet stringent quality standards. Industries such as aerospace, automotive, and heavy machinery are increasingly adopting these devices to streamline production processes and reduce waste. The anticipated compound annual growth rate of 10.8% from 2025 to 2035 suggests a robust expansion in this sector, driven by the need for enhanced quality assurance and operational efficiency. This trend underscores the importance of laser trackers in modern manufacturing environments.

The Global Laser Tracker Market Industry is also expanding into the construction sector, where precision measurement is critical for project success. Laser trackers are employed for tasks such as site layout, structural alignment, and quality assurance in construction projects. The growing complexity of modern construction, coupled with the need for efficient project management, drives the demand for accurate measurement tools. As construction projects become larger and more intricate, the reliance on laser trackers is likely to increase. This trend may contribute to the market's growth, with projections indicating a rise in market size from 0.38 USD Billion in 2024 to 1.17 USD Billion by 2035.

The Global Laser Tracker Market Industry is significantly influenced by the aerospace and defense sectors, which prioritize precision and reliability in their operations. Laser trackers are utilized for tasks such as aircraft assembly, component alignment, and maintenance checks. The increasing complexity of aerospace systems necessitates advanced measurement solutions, making laser trackers indispensable. As global defense budgets expand, the demand for high-precision tools is likely to grow, further propelling the market. This sector's reliance on laser trackers is expected to contribute to the overall market growth, with a projected increase in market size from 0.38 USD Billion in 2024 to 1.17 USD Billion by 2035.

The Global Laser Tracker Market Industry is being reshaped by the integration of automation and Industry 4.0 principles. As manufacturing processes become increasingly automated, the need for precise measurement tools that can seamlessly integrate with digital systems is paramount. Laser trackers provide real-time data that can be utilized in automated workflows, enhancing overall productivity and reducing errors. This trend is particularly evident in smart factories, where laser trackers play a crucial role in maintaining quality standards. The anticipated growth rate of 10.8% from 2025 to 2035 indicates a strong alignment between laser tracker technology and the future of automated manufacturing.

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American laser tracker market area will dominate this market. This is due to the region's abundant supply of resources. Due to the rapid expansion of the demand for electric vehicles and the production of solar modules, laser trackers have tremendous growth potential in these industries for uses, including reverse engineering, inspection, quality control, calibration, and alignment. These several elements encourage the expansion of the regional market.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Laser Tracker Market SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe laser tracker market accounts for the second-largest market share due to the expanding use of laser tracking across numerous industries, including aerospace, automotive, and others. Europe is the region that produces and exports the most aerospace products, which impacts how quickly Laser Trackers are being used in the industry to meet safety and quality standards. In 2019, the aggregate export value of aerospace from France, Germany, and the UK was $113.7 billion. Further, the German laser tracker market held the largest market share, and the UK laser tracker market was the fastest growing market in the European region

The Asia-Pacific Laser tracker Market is expected to grow at the fastest CAGR from 2023 to 2032 because the automotive sector increasingly demands modern techniques like laser trackers for quality control calibration. Governments in developing nations are taking the lead in the robotics sector, which is a major factor in the expansion of the laser tracking market in the Asia-Pacific region. Moreover, China’s laser tracker market held the largest market share, and the Indian laser tracker market was the fastest growing market in the Asia-Pacific region.

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the laser tracker market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, laser tracker industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global laser tracker industry to benefit clients and increase the market sector. In recent years, the laser tracker industry has offered some of the most significant advantages to market. Major players in the laser tracker market attempting to increase market demand by investing in research and development operations include Faro (US), Hexagon (Sweden), API (US), VMT GmbH (Germany), On-Trak Photonics Inc. (US), SGS (Switzerland), Variation Reduction Solutions, Inc. (US), Brunson Instrument Company (US), Hubbs Machine and Manufacturing Inc. (US), and PLX Inc. (US).

Hexagon AB provides information technology for geospatial and commercial enterprise applications that boost quality and productivity. The business provides sensor, software, and autonomous solutions, including sensor-equipped metrology systems, computer-aided design (CAD), and computer-aided manufacturing (CAM) software. Additionally, it provides sensors for satellite location, data collection from the air and ground, and geographic information system software for creating 3D models and maps. Construction, mining, agricultural, aerospace, automotive, defense, and industrial industries use Hexagon products.

In June 2022, The Leica Absolute Tracker AT500 was introduced by Hexagon, and it automatically restores broken lines of sight over a large field of view without requiring user input. It has 6DoF probing functionality that is streamlined and offers reflector measurement up to 160 meters from the tracker.

The natural gas and oil industries in America are all represented by API. Most of the country's energy is produced, processed, and distributed by roughly 600 members. A rising grassroots movement of millions of Americans supports the industry, which supports more than ten million employment in the United States. To improve efficiency, operational and environmental safety, and sustainability, API has created more than 800 standards. In May 2021, API Metrology and Mitutoyo Corporation collaborated to make API's portable dimensional metrology, notably laser measurement, available through Mitutoyo's global network.