Press release
Comprehensive Terrestrial Laser Scanning Market Insights: Forecasting Size, Growth, and Competitive Trends from 2025 to 2034
Terrestrial Laser Scanning
The expansion of the construction sector is anticipated to drive the growth of the terrestrial laser scanning market. The construction industry, which includes planning, designing, building, and maintaining structures, is experiencing growth due to urbanization, economic development, and increased demand for infrastructure. Terrestrial laser scanning provides accurate 3D site models for precise measurements, quality control, and project oversight. In February 2024, the Central Statistical Bureau of Latvia reported an 18.9% increase in construction output in 2023 compared to 2022. This expansion is fueling the growth of the terrestrial laser scanning market.
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What is the projected compound annual growth rate (CAGR) of the terrestrial laser scanning market from 2025 to 2034, and what factors influence it?
The terrestrial laser scanning market has experienced strong growth in recent years. It will increase from $4.78 billion in 2024 to $5.19 billion in 2025, with a CAGR of 8.5%. This growth is driven by digitalization efforts, innovations in scanning technology, cost reductions, compliance requirements, and improvements in business process optimization.
The terrestrial laser scanning market is forecast to grow to $7.14 billion by 2029 at a CAGR of 8.3%. This growth is attributed to the increase in digital documents, cloud-based solutions, data security concerns, AI and automation, and remote workforce trends. Trends include AI and machine learning integration, rise of cloud solutions, focus on security and compliance, ECM system integration, and mobile scanning expansion.
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How are the latest trends influencing the growth of the terrestrial laser scanning market?
Companies in the terrestrial laser scanning market are improving laser scanning technology to enhance data collection precision and efficiency. These systems use high-precision lasers to capture 3D measurements of surfaces. For instance, in May 2023, Trimble Inc., a US-based tech company, launched the X9 3D laser scanner. This scanner features advanced technologies like Trimble X-Drive for automatic calibration and a longer scanning range, improving performance in challenging environments such as construction and surveying.
What are the major segments of the terrestrial laser scanning market and their role in driving growth?
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
Subsegments:
1) By Scanning Systems: 3D Laser Scanners, Static Laser Scanners, Mobile Laser Scanners, Handheld Laser Scanners
2) By Scanning Services: Data Collection Services, Data Processing Services, 3D Modeling Services, Consulting And Integration Services
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Which geographical regions are pioneering growth in the terrestrial laser scanning market?
Asia-Pacific was the largest region in the terrestrial laser scanning market in 2023. The regions covered in the terrestrial laser scanning market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the terrestrial laser scanning market?
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.
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What Is Covered In The Terrestrial Laser Scanning Global Market Report?
•Market Size Forecast: Examine the terrestrial laser scanning market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the terrestrial laser scanning market for a structured understanding.
•Key Players Overview: Analyze major players in the terrestrial laser scanning market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the terrestrial laser scanning market.
•Segment Contributions: Evaluate how different segments drive overall growth in the terrestrial laser scanning market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the terrestrial laser scanning market.
•Industry Challenges: Identify potential risks and obstacles affecting the terrestrial laser scanning market.
•Competitive Landscape: Review strategic developments in the terrestrial laser scanning market, including expansions, agreements, and new product launches.
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