FARO Technologies, Inc, LAP GmbH Laser Applikationen, Virtek Vision International are Dominating the Global Laser Projection Systems Market in 2019

Global Laser Projection Systems Market is expected to grow with the CAGR of 14.2% in the forecast period of 2020 to 2027. The years considered for the study are as mentioned below.

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Global laser projection systems market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global laser projection systems market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio.

For instance, in August 2018, FARO Technologies, Inc. launched next version of the Laser-guided assembly and testing interface Tracer. TracerSI Advanced Laser Projection System is a fully integrated, streamlined solution integrating both creative and improved hardware. This product launch helped the company to strengthen its tracer laser projectors category.

FARO Technologies, Inc is the dominating player in the global laser projection systems market. The other key players existing in the market includes Met Optix, LAP GmbH Laser Applikationen, ALIGNED VISION, Virtek Vision International, Z-LASER GmbH, SL-Laser GmbH, HUTCHINSON MANUFACTURING, asphericon GmbH, Assyst Bullmer, Carter Products Company, Inc., Laserglow Technologies and OPS Solutions LLC among others.   

 Laser Projection Systems Market , By DevelopmentsFARO Technologies, Inc

FARO Technologies, Inc. headquartered in Florida, the U.S, was founded in year 1981. The company is engaged in manufacturing high-precision 3D capture, measurement and analysis across a variety of industries including manufacturing, construction, engineering and public safety. The company offers wide range of product categories such as 3D manufacturing, construction BIM, 3D design, public safety-forensics out of which 3D manufacturing is the market focused product category.

  • In November 2017, FARO Technologies, Inc. acquired DUSTIN FORENSICS, which is engaged in a digital forensic animation firm based in Georgia. This acquisition helped the company to strengthen the service portfolio and extend reach into the broader markets of public and corporate security.

The company has presence in Europe, North America, Asia, Latin America and Middle East & Africa generates revenue from subsidiaries such as Faro Scanner Production GmbH (Germany), BuildIT Software and Solutions (U.S), FARO Australia (Australia), kubit GmbH (Germany), Faro Spain SL (Spain) and others.

LAP GmbH Laser Applikationen

LAP GmbH Laser Applikationen, headquartered in Lüneburg, Germany. The company is engaged in production of laser projection, laser measurement, and other processes. The company engaged in providing products for radiation therapy, laser measurement in the steel industry, laser projection for all industries out of which laser projection for all industries is market focused product categories.

  • In September 2019, LAP GmbH Laser Applikationen launched Assembly Pro assistance system for digital assembly in Industry 4.0. This system will reduce time and minimizes errors in manual assembly processes. This product launch helped the company to cater more number of customers.

The company has wide global presence across the globe such as Europe, North America and Asia-Pacific. In addition to it, the company also generates its revenue from the various subsidiary companies such LifeLine Software, Inc (U.S), LAP Laser, LLC (U.S)

Virtek Vision International

Virtek Vision International is headquartered in Ontaria, Canada, which was founded in 1986. The company is engaged in manufacturing laser projection and quality inspection solutions. The company has product categories which are iris 3D, iris SPS, LaserEdge, LTG, trussline, LaserQCand Iris 3D, Iris SPS, LaserEdge, LTG, trussline, among which the laserQC is market focused category.

  • In September 2019, Virtek Vision International which is engaged in manufacturing laser projection and quality inspection solutions launched Iris 3D Laser projection system. The new system provides exciting improvements to allow staff to use thin client server architecture to handle multiple independent work processes from one centralized device. This product launch helped the company to strengthen their product portfolio.

The company has wide global presence in Americas, Europe, Middle East & Africa and Asia-Pacific