Press release
Terrestrial Laser Scanning Industry Outlook 2025-2029: Market Set to Cross $6.79 Billion Milestone
Terrestrial Laser Scanning Market
How Large Will the Terrestrial Laser Scanning Market Size By 2025?
The market size for terrestrial laser scanning has seen significant growth in the past years. It is projected to increase from $4.78 billion in 2024 to $5.1 billion in 2025, with a compound annual growth rate (CAGR) of 6.8%. Factors that contributed to this growth during the historical period include digitization initiatives, technological innovations in scanning, cost reduction strategies, compliance demands, and improvements in business processes.
How Big Is the Terrestrial Laser Scanning Market Size Expected to Grow by 2029?
Expectations are high for the terrestrial laser scanning market to experience significant expansion in the coming years, with predictions suggesting a growth to $6.79 billion by 2029, maintaining a compound annual growth rate of 7.4%. The surge in the projected period is linked to factors such as rising production of online documents, growing preference for cloud-based solutions, and an emphasis on data security and privacy. Additionally, the introduction of AI and automation along with the trend of remote working also contributes to this growth. The forecast period will witness increased integration of AI and machine learning, the lifting popularity of cloud-based solutions, a heightened focus on security and compliance, synchronization with enterprise content management (ECM) systems, and the development of mobile scanning solutions.
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Which Key Market Drivers Powering Terrestrial Laser Scanning Market Expansion and Growth?
The expected growth of the terrestrial laser scanning market can be directly linked to the upswing of the construction sector. The scope of the construction sector extends to conceptualizing, designing, constructing, and maintaining a wide range of physical structures, from residential and commercial buildings to expansive infrastructural projects. The flourishing construction industry is a clear indicator of economic progression, urban development, and an enhanced demand for infrastructure and real estate. The role of terrestrial laser scanning in this sector is to offer meticulous, correct 3D models of locations for exact measurements, stringent quality checks, and effective project surveillance. For example, The Central Statistical Bureau of Latvia, a significant governmental administrative body in Latvia, reported in February 2024 an exceptional 18.9% growth in output over the course of one year from 2023 to 2024. During this period, the construction of buildings increased by 26.8%, whereas there was a 17.8% rise in specialist construction activities, and a 10.8% elevation in civil engineering. The ongoing boom in the construction sector thereby bolsters the expansion of the terrestrial laser scanning market.
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What Trends Will Shape the Terrestrial Laser Scanning Market Through 2029 and Beyond?
Leading enterprises in the terrestrial laser scanning market are striving to develop superior laser scanning technologies to increase the precision, efficacy, and versatility of collecting spatial data. These technologies comprise of high-accuracy laser systems that procure detailed 3D measurements of structures and surfaces. For example, in May 2023, Trimble Inc., a tech company based in the U.S. introduced the X9 3D laser scanner, a reality capture solution specifically designed for construction, engineering, and surveying professionals. Being the newest entry in Trimble's laser scanning offering, the X9 boosts productivity in a range of environments. It includes innovative features, like Trimble X-Drive technology for automatic device calibration, precision self-leveling, and georeferencing laser pointer. Following the footsteps of industry-tested X7, the X9 possesses an extended scanning range, superior accuracy, swift scanning times, and remarkable sensitivity. This advancement permits the X9 to effortlessly capture even the difficult dark or reflective surfaces, making it applicable in industries such as construction, surveying, mining, rail, and beyond.
What Are the Emerging Segments in the Terrestrial Laser Scanning Market?
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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Who Are the Global Leaders 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.
Which are the Top Profitable Regional Markets for the Terrestrial Laser Scanning Industry?
Asia-Pacific was the largest region in the terrestrial laser scanning market in 2024. The regions covered in the terrestrial laser scanning market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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