Laser Tracker Market Expected to Reach USD 2.5 Billion by 2035 Due to Rising Precision Measurement Demand - Industry Today

The laser tracker market, valued at USD 1,192.2 Million in 2024, is expected to grow to USD 2.5 Billion by 2035, driven by industrial automation, aerospace precision requirements, and advancements in 3D metrology systems. Key growth drivers include rising demand for precision measurement in aerospace and defense, increasing adoption of 3D metrology, and the need for high-accuracy, portable measurement systems in automotive and heavy machinery sectors. The market is moderately consolidated, with companies like FARO Technologies, Metronor, and Zeiss leading through innovations in precision and integration with software systems. Regional growth is expected in North America, Europe, Asia-Pacific, and the Middle East & Africa, with significant opportunities in emerging economies.