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Stock impact report

Laser Tracker Market Size Worth USD 1,206.7 Million in 2032 | Emergen Research [Yahoo! Finance]

FARO Technologies, Inc. (FARO) 
Last faro technologies, inc. earnings: 4/28 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: faro.com/about-faro/investor-relations
Company Research Source: Yahoo! Finance
new advancements in distance measuring technology are major factors driving laser tracker market revenue growth. Vancouver, Jan. 31, 2024 (GLOBE NEWSWIRE) -- The global laser tracker market size was USD 643.6 Million in 2022 and is expected to register a rapid revenue CAGR of 6.5% during the forecast period. Increasing adoption of laser trackers in the aerospace and ship-building sector, ease of portability, along with rising demand and incorporation of new advancements in distance measuring technology are major factors driving market revenue growth. Laser tracker systems are incorporating wireless technology more to enhance their performance and user-friendliness. For instance, on 26 April 2022, Hexagon's Manufacturing Intelligence division unveiled a new solution that utilizes Six Degrees of Freedom (6DoF) laser tracker technology for automated inspection integration projects. The solution, called WRTL, is specifically designed for large-volume applications and features both wir Show less Read more
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