Global Terrestrial Laser Scanning Market: Snapshot
A key driver for the growth of terrestrial laser scanner manufacturers is the strong demand by application industries for greater product quality and efficiency. Using terrestrial laser scanners is vastly improving the rate of data capture, accuracy of measurement, and ease of positioning. Terrestrial laser scanners can also apply 3D scanning techniques for a much higher resolution of measurements than any other measurement technology present today. The use of 3D terrestrial laser scanners also helps reduce the time and cost of most projects, a factor increasingly valued by application industries such as construction and BIM in the current boom in construction projects.
Another key value added by terrestrial laser scanners to industrial transportation, and residential sectors is safety. These scanners can provide real-time data on objects and structures by measuring a large number of points within a short span of time, thus allowing quicker calculations to occur while constructing highways, buildings, and even during surveying.
The global terrestrial laser scanning market is expected to progress at a CAGR of 14.9% in terms of revenue, from 2015 to 2023. By the end of 2016, this revenue is expected to reach US$958.95 mn and is expected to be valued at US$2.52 bn by the end of 2023.
APAC Retains Lead in Terrestrial Laser Scanner Market Value
By the end of 2023, Asia Pacific will hold a share of 31.81% in the global terrestrial laser scanners market. This is a major increment from its market share from 2014, and is attributed to the overwhelming rate of use in the region’s booming construction industry after 2000. The Asia Pacific market for terrestrial laser scanners is boosted by the strong demand shown by China, Australia, and Malaysia and their fast-growing construction industries.
The Asia Pacific region is not only base for a large number of key players in the market, but is also showing an increased demand for 3D terrestrial laser scanners, a factor which will help compliant players in the near future in terms of procuring demand. India, Japan, and Australia are particularly expressing a high demand for solid-state terrestrial laser scanners, while China is expressing a high demand for diode terrestrial laser scanners. China and Japan are also showing a speedy increase in demand for fiber terrestrial laser scanners.
Phase-shift Scanner Technology Continues to Dominate Global Terrestrial Laser Scanners Market Despite Falling Shares
Phase-shift scanners have enjoyed the leading position in demand and revenue among all terrestrial laser scanners. This technology is, however, showing a reduction in demand, owing to the introduction and development of newer and more efficient technologies, such as pulse-based scanners and optical triangulation. Despite that, phase-shift scanners will continue leading market value share, owing to high accuracy over long distances, a much older presence in the market due to which users are more used to it, and the consistently high demand from the industries of construction, oil and gas, fabrication, and agriculture.
Pulse-based terrestrial laser scanners are commonly used in ship inspection and fault detection in plant equipment. A growing number of users are preferring pulse-based terrestrial laser scanners due to the 360-degree scanning that they can provide.
The key players that provide terrestrial laser scanning equipment on a global scale include Faro Technologies, Inc., Blom ASA, Fugro N.V., Ametek, Inc., Maptak Pty. Ltd., Trimble Navigation, Limited, and Leica Geosystems HDS, LLC.
This research study analyzes the market for terrestrial laser scanning in terms of revenue (USD Million). The terrestrial laser scanning market has been segmented on the basis of laser type, technology, application, and geography. The regional segment has been further divided into eight sub-segments that comprise five countries, which are major players in the global terrestrial laser scanning market. For the research, 2014 has been taken as the base year, while all forecasts have been given for the period from 2015 to 2023. Market data for all the segments has been provided at the regional as well as country-specific level from 2015 to 2023. The report provides a broad competitive analysis of companies engaged in the terrestrial laser scanning business. The report also includes the key market dynamics such as drivers, restraints, and opportunities affecting the global terrestrial laser scanning market. These market dynamics were analyzed in detail and are illustrated in the report with the help of supporting graphs and tables. The report also provides a comprehensive industry analysis of the global terrestrial laser scanning market with the help of Porter’s Five Forces model. This analysis helps in understanding the five major forces that affect the market structure and profitability of the global terrestrial laser scanning market. The forces analyzed are bargaining power of buyers, bargaining power of suppliers, threat of new entrants, threat of substitutes, and degree of competition.
The high-level analysis in the report provides detailed insights into the terrestrial laser scanning business globally. There are currently numerous drivers of the market. One of the most prominent drivers is the need to improve project efficiency and increasing awareness to enhance safety in industrial, residential, and commercial buildings. Market attractiveness analysis was carried out for the terrestrial laser scanning market on the basis of geography. Market attractiveness was estimated on the basis of common parameters that directly impact the market in different regions.
The terrestrial laser scanning market was segmented on the basis of laser type (diode, fiber, and solid-state), technology (phase-shift, pulse-based, and optical triangulation), and application (oil & gas industry, construction & fabrication industry, manufacturing industry, building information modeling, agriculture industry, and others). The configuration of terrestrial laser scanning system is different for different applications, depending on the surface and sub-surface components. The ESP market was analyzed across four geographies: North America, Asia Pacific, Europe, and Rest of the World (Middle East, South America, and Africa). Regional data has been provided for each sub-segment of the terrestrial laser scanning market. Key players in the terrestrial laser scanning market include Trimble Navigation Limited, Blom ASA, Fugro N.V., Faro Technologies, Inc., Maptek Pty Limited, Leica Geosystems HDS, LLC, and Ametek, Inc. The report provides an overview of these companies, followed by financial details, business strategies, and recent developments.
Terrestrial Laser Scanning Market: By Laser Type
- Diode Laser
- Fiber Laser
- Solid-state Laser
Terrestrial Laser Scanning Market: By Technology
- Phase-shift Scanner
- Pulse-based Scanner
- Optical Triangulation
Terrestrial Laser Scanning Market: By Application
- Oil & Gas Industry
- Construction & Fabrication Industry
- Manufacturing Industry
- Building Information Modeling
- Agriculture Industry
Terrestrial Laser Scanning Market: By Region
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Rest of the World