Press release
Global Terrestrial Laser Scanning Market 2024 : SWOT Analysis Of Key Driving Factors For Growing CAGR Value | International Business Machines Corporation, Fujitsu Limited, Hexagon AB, Teledyne Technologies
Terrestrial Laser Scanning Global Market Report 2024
As per the report, the terrestrial laser scanning market size has grown strongly in recent years. It will grow from $4.41 billion in 2023 to $4.78 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The terrestrial laser scanning market size is expected to see strong growth in the next few years. It will grow to $6.60 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%.
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Construction Sector's Growth Fuels Expansion Of Terrestrial Laser Scanning Market
The rising construction sector is expected to propel the growth of the terrestrial laser scanning market going forward. The construction sector encompasses the planning, design, building, and maintenance of physical structures such as residential, commercial, and infrastructure projects. The rising construction sector signifies economic growth, urbanization, and increasing demand for infrastructure and real estate development. Terrestrial laser scanning in the construction sector provides highly detailed and accurate 3D representations of sites for precise measurements, quality control, and project monitoring. For instance, in February 2024, according to The Central Statistical Bureau of Latvia, a Latvia-based administrative institution of government, the output grew by 18.9% in 2023 compared to 2022, with building construction rising by 26.8%, specialist construction activities by 17.8%, and civil engineering by 10.8%. Therefore, the rising construction sector is driving the growth of the terrestrial laser scanning market.
Advancements In Terrestrial Laser Scanning Enhanced Market Growth
Major companies operating in terrestrial laser scanning market are focused on developing advanced laser scanning technology to enhance the precision, efficiency, and versatility of spatial data collection. Advanced laser scanning technology refers to the use of high-precision laser systems to capture detailed 3D measurements of surfaces and structures. For instance, in May 2023, Trimble Inc., a US-based technology company, launched the X9 3D laser scanner, a reality capture solution tailored for surveying, construction, and engineering professionals. As the latest addition to Trimble's laser scanning portfolio, it enhances performance across diverse environments. The X9 incorporates innovations such as Trimble X-Drive technology for automatic instrument calibration, survey-grade self-leveling, and a laser pointer for georeferencing. Building on the industry-proven X7, the X9 offers a longer scanning range, higher accuracy, shorter scan times, and exceptional sensitivity. This improved performance allows the X9 to easily capture challenging dark or reflective surfaces, making it versatile for applications in industries such as surveying, construction, rail, mining, and more.
The terrestrial laser scanning market covered in this report is segmented -
1) By Solution: Scanning Systems, Scanning Services
2) By Technology: Phase Shift Scanning, Mobile Scanning, Pulse Based Scanning
3) By Application: Building Information Modeling, Forestry And Agricultural Survey, Topographical Survey, Mining Survey, Research And Engineering, Construction Survey, Other Applications
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Major companies operating in the terrestrial laser scanning market are International Business Machines Corporation, Fujitsu Limited, Hexagon AB, Teledyne Technologies, Iron Mountain Incorporated, Trimble Inc., Topcon Corporation, Flatworld Solutions Private Limited, BenQ Corporation, Optech Inc, Chicago Records Management Inc., Riegl Laser Measurement Systems , Zoller + Fröhlich GmbH, Pearl Scan, The Apache Software Foundation , Faro Technologies , Blue-Pencil Information Security Inc., Cleardata UK Ltd., Royal Imaging, VENSO Technologies, Ripcord Inc.
Contents of the report:
1. Executive Summary
2. Terrestrial Laser Scanning Market Report Structure
3. Terrestrial Laser Scanning Market Trends And Strategies
4. Terrestrial Laser Scanning Market - Macro Economic Scenario
5. Terrestrial Laser Scanning Market Size And Growth
…..
27. Terrestrial Laser Scanning Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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