Product Code: ETC4587685 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India laser tracker market import shipments exhibited strong growth momentum from 2020 to 2024, with a notable CAGR of 42.0%. The market saw a significant acceleration in growth between 2023 and 2024, with a growth rate of 93.4%. The market expanded rapidly during this period, indicating a positive and thriving trend in the industry.
The India Laser Tracker Market is experiencing growth due to the need for precise and efficient 3D measurement solutions in manufacturing, engineering, and construction. Laser trackers use laser technology to accurately measure the position and dimensions of objects. They are crucial for quality control, alignment, and inspection of components and structures. In India, where precision and quality are paramount in various industries, the adoption of laser trackers is on the rise. The market is marked by the integration of laser scanning and measurement software, enhancing the versatility and capabilities of these systems. As India industries continue to focus on quality assurance and precision engineering, the laser tracker market is expected to play a pivotal role in ensuring product excellence.
The laser tracker market in India is expanding as industries like aerospace, automotive, and manufacturing adopt precision measurement technology. Laser trackers are instrumental in ensuring accuracy in dimensional inspections, alignment, and quality control. Their growth is driven by the pursuit of higher quality standards and efficiency in manufacturing processes.
Challenges in the India Laser Tracker market include the need for high-precision measurements in diverse industries, such as aerospace and automotive. Ensuring the accuracy and calibration of laser trackers is crucial for reliable data acquisition. Additionally, the portability and ease of use of these devices, as well as addressing the demand for faster measurement speeds, can be challenges for market players.
The laser tracker market in India faced challenges during the COVID-19 pandemic as industries reliant on precision measurements and quality control experienced delays in projects. Manufacturing, aerospace, and automotive sectors were particularly affected. However, as these industries recover and continue to demand high-precision measurements, the market for laser trackers is expected to bounce back.
Key players in the laser tracker market in India are Faro Technologies, Inc., Hexagon AB, API - Automated Precision Inc., Nikon Metrology, and Leica Geosystems.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Laser Tracker Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Laser Tracker Market Revenues & Volume, 2021 & 2031F |
3.3 India Laser Tracker Market - Industry Life Cycle |
3.4 India Laser Tracker Market - Porter's Five Forces |
3.5 India Laser Tracker Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 India Laser Tracker Market Revenues & Volume Share, By Industry, 2021 & 2031F |
4 India Laser Tracker Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for high-precision measurements in industrial applications |
4.2.2 Growth in the automotive and aerospace industries driving the need for laser trackers |
4.2.3 Technological advancements leading to improved accuracy and efficiency of laser tracker systems |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with laser tracker systems |
4.3.2 Lack of awareness and skilled workforce to operate laser trackers effectively |
4.3.3 Competition from alternative measurement technologies impacting market penetration |
5 India Laser Tracker Market Trends |
6 India Laser Tracker Market, By Types |
6.1 India Laser Tracker Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 India Laser Tracker Market Revenues & Volume, By Application, 2021-2031F |
6.1.3 India Laser Tracker Market Revenues & Volume, By Quality Control & Inspection, 2021-2031F |
6.1.4 India Laser Tracker Market Revenues & Volume, By Alignment, 2021-2031F |
6.1.5 India Laser Tracker Market Revenues & Volume, By Reverse Engineering, 2021-2031F |
6.1.6 India Laser Tracker Market Revenues & Volume, By Calibration, 2021-2031F |
6.2 India Laser Tracker Market, By Industry |
6.2.1 Overview and Analysis |
6.2.2 India Laser Tracker Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.3 India Laser Tracker Market Revenues & Volume, By Aerospace & Defense, 2021-2031F |
6.2.4 India Laser Tracker Market Revenues & Volume, By General Manufacturing, 2021-2031F |
6.2.5 India Laser Tracker Market Revenues & Volume, By Energy & Power, 2021-2031F |
6.2.6 India Laser Tracker Market Revenues & Volume, By Transportation, 2021-2031F |
7 India Laser Tracker Market Import-Export Trade Statistics |
7.1 India Laser Tracker Market Export to Major Countries |
7.2 India Laser Tracker Market Imports from Major Countries |
8 India Laser Tracker Market Key Performance Indicators |
8.1 Average utilization rate of laser tracker systems in industries |
8.2 Rate of adoption of laser tracker technology in new application areas |
8.3 Number of research and development activities focused on enhancing laser tracker capabilities |
9 India Laser Tracker Market - Opportunity Assessment |
9.1 India Laser Tracker Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 India Laser Tracker Market Opportunity Assessment, By Industry, 2021 & 2031F |
10 India Laser Tracker Market - Competitive Landscape |
10.1 India Laser Tracker Market Revenue Share, By Companies, 2024 |
10.2 India Laser Tracker Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |