The latest Terrestrial Laser Scanning Market research report offers a thorough analysis of growth opportunities and development trends until 2030. Using qualitative and quantitative research, it explores market drivers and challenges, providing valuable insights for businesses to make informed decisions and identify growth areas.
Global Terrestrial Laser Scanning Market is valued at approximately USD 3.85 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 8.17% over the forecast period 2022-2029.
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Terrestrial laser scanning is basically a ground-based laser scanning system that works on the same principle as the electronic rangefinder. A laser emits electromagnetic radiation from a transmitter and captures reflected light from a combined and monochrome receiver. The Terrestrial Laser Scanning market is expanding because of factors such as the Growing demand for 3D laser scanners in infrastructure and the growing construction industry.
The TLS method is commonly used in the fields of forestry, surveying, and building. Its prevalence has progressively increased during the last few decades. According to Statista, the size of the construction market amounted to USD 6.4 trillion in 2020, and it is expected to reach 14.4 trillion in 2030. Furthermore, the value of overall construction output in the United States grew by over 100 billion U.S. dollars in 2021, Furthermore, in 2020, Asia is expected to account for about 46 per cent of global construction spending. Another important component driving space increasing demand for laser scanning in the construction industry.
As per Statista, the global market for 3D terrestrial laser scanners will grow to reach around USD 2.5 billion by 2023. In addition, Trimble has introduced the Trimble MX50 mobile mapping system for asset management and mapping. This vehicle-mounted mobile LiDAR system is a mid-tier option for mobile mapping users and experienced suppliers to expand their equipment fleet with precise, high-volume data capture technology and integrates with Trimble’s geospatial software solutions. Also, increasing demand for effective laser scanning in the mining industry and rising demand from the agricultural industries would create a lucrative growth prospectus for the market over the forecast period However, the high maintenance cost of Terrestrial Lasers stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Terrestrial Laser Scanning Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the increasing rate of demand in the area’s thriving construction industry. According to Statista, by 2026, the Asia Pacific market for construction equipment and heavy equipment is forecasted to reach USD 65 billion. North America is expected to grow with the highest CAGR during the forecast period, owing to factors such as the presence of well-established manufacturers from the construction industry, and the active participation of government organizations in the market space.
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Major market players included in this report are:
Hexagon AB
3D Systems Inc
Trimble Inc.
Merrett Survey Limited
Teledyne Technologies Incorporated
FARO Technologies Inc.
RIEGL Laser Measurement Systems GmbH
Maptek Pty Ltd
Basic Software Systems
Carl Zeiss Optotechnik GmbH
Recent Developments in the Market:
In October 2022, FARO Technologies, Inc, announced the release of the FARO® Focus Core Laser Scanner. The new Focus Core broadens the range of applications. Focus Core, which is fully integrated into FARO’s workflow solutions for application-specific insights, serves the company’s key markets in construction, building operations, and public safety.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
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The detailed segments and sub-segment of the market are explained below.
By Type
Phase-Shift Scanner
Pulse-Based Scanner
Mobile Scanner
By Solution
Hardware
Software
By Product
Static
Dynamic
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
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Some Questions Answered in the Terrestrial Laser Scanning Market Report:
- What is the projected size of the global Terrestrial Laser Scanning market in 2030, and what growth rate is expected?
- What are the primary drivers of growth in the global Terrestrial Laser Scanning industry?
- What are the major market trends that are affecting the expansion of the Terrestrial Laser Scanning market?
- What obstacles must be overcome in order to achieve sustained growth in the Terrestrial Laser Scanning market?
- What opportunities and threats do vendors in the global Terrestrial Laser Scanning market face?
- What are the raw materials and manufacturing equipment used in the production of Terrestrial Laser Scanning, and what is the manufacturing process?
- What are the different types and applications of Terrestrial Laser Scanning, and what is the market share of each type and application?
- What factors, such as trends, challenges, and risk factors, are currently shaping the growth of the Terrestrial Laser Scanning market?
- What factors are driving the growth of the Terrestrial Laser Scanning market in the top regions worldwide?
- Who are the major players in the global Terrestrial Laser Scanning market, and what strategies are they employing to succeed?
- What industrial trends, drivers, and challenges are influencing the expansion of the Terrestrial Laser Scanning market?
- What are the main findings of a five forces analysis of the global Terrestrial Laser Scanning market?
Here are the key highlights of the report:
- Comprehensive assessments of the market share for Invisible Braces, conducted at both country and regional levels.
- In-depth analysis of the competitive landscape, identifying key trends within the industry.
- Thorough examination of market trends, encompassing product and technology advancements, drivers and barriers, and an analysis based on PORTER’s five forces.
- Strategic recommendations tailored for crucial business segments, leveraging market forecasts.
- Guidance provided for new market entrants, assisting them in navigating the industry landscape.
- Market forecasts encompassing all pertinent segments, sub-segments, and regional markets.
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