Abstract: A measurement system is described herein that accurately calculates the complete position and orientation of a dynamic object in real-time. The measurement system includes a laser unit, a target, a camera unit, and a control unit. The target is arranged to rotate about all three spatial axes, and includes a reflective element, a gyroscope, and a pair of light emitting devices. The laser unit is arranged to rotate about two of its spatial axes, and further arranged to emit a laser beam toward the target. The reflective element reflects the laser beam back toward the laser unit, where the laser unit detects the returned laser beam. The camera unit is arranged to detect light emitted from the pair of light emitting devices. The control unit is arranged to gather information and data captured by the system to determine the position and orientation of the object.