Global Terrestrial Laser Scanning Market will Reach Nearly USD 6.48 Billion, Expanding at a CAGR of 7.12% during the Forecast Period of 2028
The global Terrestrial Laser Scanning market is expected to reach USD 6.48 Billion by 2028, according to a new report by Reports and Data. Terrestrial Laser Scanning market is boosted by a rise in demand for land surveys and 3D scanning techniques that can be used in the infrastructure industry in the APAC region. Increasing expenditure in the infrastructure market is in turn boosting the terrestrial laser Scanning market.
The laser Scanning is famous among industrial applications. Certain companies use it to get the exact data of the surrounding and are also used in emergencies such as evacuation. A Laser Scanning is used to monitor the forest resources environment. It is also used in capturing geographical data and also aid in topographical surveys.
Asia Pacific has the highest CAGR OF 7.2%. It dominates the market due to the increasing usage of laser Scannings by notable companies for surveys. North America follows closely. Growing infrastructure in Brazil and Mexico will boost the market in that region as well.
Key participants include Carl Zeiss Optotechnik (Germany), 3D Digital Corporation (US), Maptek (Australia), Trimble (US), Creaform (Canada), RIEGL Laser Measurement Systems (Austria), FARO Technologies (US), Topcon (Japan), Hexagon (Sweden) and Teledyne Technologies (US) among others.
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The research report assesses the market dynamics, market landscape, company profiles, production and manufacturing capacity, year-on-year growth rate, SWOT analysis, and Porter’s Five Forces analysis. The report estimates the market size, market growth, and provides an accurate forecast for the key segments of the market for the forecast period of 2020-2028. The report also covers an in-depth analysis of the key competitors of the market, along with their growth strategies and business expansion plans.
The Terrestrial Laser Scanning Market has been segmented into key regions of the world and offers an analysis of growth rate, market share, market size, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Terrestrial Laser Scanning Market.
Further key findings from the report suggest
- Terrestrial Laser Scanning dominated the market in the year 2020 with a market share of USD 3.76 Billion. Its primary application is in geographical data required in topographical surveys.
- Terrestrial Laser Scanning had infiltrated the residential construction market along with mobile mapping of buildings. It is used to study the lay of the land where the construction is to take place.
- Phase based Scanning is commonly used in building surveys or short range work whereas pulse base Scanning is all about speed. Pulse based Scanning is used for long distance work.
- In mining, laser technology is used to measure the position of surface or targeted feature. Laser scanning is also used to create a 3D model of the mining area.
- A major use of laser Scannings is nowadays in forestry. It is an efficient way of acquiring a tree’s detail attribute in the forest plot.
- Building Information Model is used in engineering, research, asset management projects, upgrade in infrastructure etc.
- The Asia Pacific region dominates the market with a CAGR of 7.2%. The emergence of multiple construction projects in this region has given a rise to the market of laser Scanning.
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For the purpose of this report, Reports and Data have segmented global Terrestrial Laser Scanning market on the basis of solutions, application, types and region:
Solution Outlook (Revenue, USD Million; 2019-2028)
- Oil and gas
- Forestry and Agriculture
- Transportation and Logistics
Application Outlook (Revenue, USD Million; 2019-2028)
- Building Information Modeling (BIM)
- Research and Engineering
Type Outlook (Revenue, USD Million; 2019-2028)
- Phase Shift Scanning
- Pulse based Scanning
- Mobile Scanning
Regional Outlook (Revenue, USD Million; 2019-2028)
- North America
- Asia Pacific
- Latin America
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Key Advantages of Terrestrial Laser Scanning Market:
- Identification and analysis of the market size and competition
- Qualitative and quantitative analysis of the market data
- Data validated by industry experts after extensive primary and secondary research
- Extensive regional analysis of the Terrestrial Laser Scanning industry
- Profiling of key players along with their business overview, business strategies, deals and partnerships, and product portfolio
- SWOT and Porter’s Five Forces Analysis for in-depth understanding of the competitive landscape
- Feasibility analysis and investment analysis to enable strategic investment decisions
- Analysis of opportunities, drivers, restraints, challenges, risks, and limitations
Conclusively, all aspects of the Terrestrial Laser Scanning Market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.
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