Increase in demand for land surveys globally and rising need for digitalization in the infrastructure industry is boosting the market.
Market Size – USD 4.25 Billion in 2021, Market Growth - CAGR of 7.7%, Market Trends – Rise in demand for a survey of the land.
The global Terrestrial Laser Scanning market is expected to reach USD 8.06 Billion by 2030, 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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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.
- In mining, laser technology is used to measure the position of surface or targeted feature.
- A major use of laser scanning is nowadays in forestry.
- Building Information Model is used in engineering, research, asset management projects, upgrades 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.
- Faro technologies in May 2020, made an investment in present4D GmbH which is a professional solution provider of virtual reality. This alliance will amalgamate software into a broad range of spectrum that will drive the market.
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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 Mode Outlook (Revenue, USD Billion; 2019-2030)
- Software
- Hardware
- Oil Gas
- Others
Application Outlook (Revenue, USD Billion; 2019-2030)
- Building Information Modeling (BIM)
- Research and Engineering
- Surveying
Type Outlook (Revenue, USD Billion; 2019-2030)
- Phase Shift Scanning
- Pulse based Scanning
- Mobile Scanning
Regional Outlook (Revenue, USD Billion; 2019-2030)
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East Africa
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Key Advantages of Terrestrial Laser Scanning Report:
- 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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