#Terrestrial Laser Scanning Market
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The terrestrial laser scanning market is estimated at USD 3.0 billion in 2018 and is projected to reach USD 4.4 billion by 2023, at a CAGR of 8.17% from 2018 to 2023. The factors that are expected to fuel the growth of the terrestrial laser scanning market are the increasing demand for surveys and 3D laser scanning in the infrastructure industry in Asia Pacific and the Middle East region. Various countries have been focusing on the digitalization of their assets through 3D scanning techniques and developing new infrastructures. The rise in the global capital expenditure from the infrastructure industry is driving the growth of the terrestrial laser scanning market.
#Terrestrial Laser Scanning#Terrestrial Laser Scanning Market#Terrestrial Laser Scanning Market Companies#Terrestrial Laser Scanning Market Size#Terrestrial Laser Scanning Market Share#Global Terrestrial Laser Scanning Market#Terrestrial Laser Scanning Industry#Terrestrial Laser Scanning Market Growth#Terrestrial Laser Scanning Market Statistics
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Global Terrestrial Laser Scanning Market Analysis 2024: Size Forecast and Growth Prospects
The terrestrial laser scanning global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Terrestrial Laser Scanning Market, 2024report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size - 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 growth in the historic period can be attributed to digitization initiatives, innovations in scanning technology, cost reduction, compliance requirements, and business process optimization.
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%. The growth in the forecast period can be attributed to the increasing volume of digital documents, rising demand for cloud-based solutions, focus on data security and privacy, emergence of AI and automation, and remote workforce trends. Major trends in the forecast period include increased adoption of AI and machine learning, the rise of cloud-based solutions, focus on security and compliance, integration with enterprise content management (ECM) systems, and expansion of mobile scanning solutions.
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Scope Of Terrestrial Laser Scanning MarketThe Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Terrestrial Laser Scanning Market Overview
Market Drivers -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.
Market Trends - 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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Regional Insights - 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.
Key Companies - 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.
Table of Contents 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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LiDAR Market Projections: Global Industry Analysis and Forecast (2023-2032)
The LiDAR Market reached a valuation of USD 1524.2 Million in 2023 and is anticipated to rise to USD 7239.0 Million by 2032, indicating a strong CAGR of 18.90% from 2024 to 2032.
LiDAR (Light Detection and Ranging) Market involves the use of LiDAR technology, a remote sensing method that uses light in the form of a pulsed laser to measure variable distances to the Earth. This technology generates precise, three-dimensional information about the shape of the Earth and its surface characteristics. LiDAR is widely used across various industries, including autonomous vehicles, geography, forestry, environmental management, and urban planning due to its ability to provide accurate and precise topographical data rapidly.
The market has seen significant growth, driven by advancements in autonomous vehicle technology, where LiDAR is essential for navigation and obstacle detection. The technology is also integral in geographic information systems (GIS), and its applications in environmental assessments and infrastructure projects are expanding. Additionally, the reduction in the cost of LiDAR sensors and the increasing availability of miniaturized versions have broadened its applications in drones and mobile devices. As the technology continues to evolve, the LiDAR market is expected to grow, fueled by increasing demands for precision in fields such as surveying, forestry, and mapping, along with innovations in 3D imaging.
Here are key points that summarize the LiDAR technology:
Technology Overview: LiDAR uses laser light sensors to scan the ground and measure distances by bouncing light off the object and back to the sensor. The time it takes for the light to return is used to calculate precise measurements of distance.
3D Mapping: One of the primary uses of LiDAR is to produce high-resolution maps. It provides detailed and accurate 3D representations of the shape of the Earth, forests, cities, and other landscapes.
Components: A typical LiDAR system includes a laser, a scanner, and a specialized GPS receiver. Airplanes and drones often carry these systems to capture information over large areas.
Applications:
Autonomous Vehicles: Essential for the development and operation of autonomous cars, providing the vehicles with the ability to 'see' their surroundings.
Geography and Earth Sciences: Used in geography for mapping and analysis of physical features of the earth.
Forestry and Environment Management: Helps in assessing forest density and structure, as well as monitoring biodiversity.
Urban Planning and Architecture: Utilized in planning and modeling city environments, historical site documentation, and property boundary clarity.
Advantages:
Accuracy: Offers high accuracy in distance and dimension measurements.
Speed: Can quickly gather data over large areas, which is much faster than ground-based survey methods.
Versatility: Effective in various environments, including under forest canopies and in dark conditions.
Types of LiDAR:
Airborne LiDAR: Mounted on aircraft, it measures the height of objects on the ground from the air.
Terrestrial LiDAR: Ground-based and used for observing fine details of landscapes and buildings.
Mobile LiDAR: Mounted on moving vehicles and used for mapping large urban areas.
Challenges:
Cost: High initial investment for equipment and processing capabilities.
Complexity in Data Processing: Requires sophisticated software and expertise to process the voluminous data generated.
Top Key Players-
Faro Technologies Inc.
Leica Geosystems Holdings AG
Trimble Navigation Limited
Velodyne LiDAR, Inc.
RIEGL USA Inc.
Sick AG
YellowsScan
GeoDigital
LiDAR Market Trending Factors-
Autonomous Vehicles: One of the most significant drivers for LiDAR technology is its application in the development of autonomous vehicles. LiDAR sensors are crucial for the accurate, real-time creation of 3D maps that autonomous vehicles use for navigation and obstacle detection.
Advancements in Drone Technology: The use of LiDAR in drones is expanding rapidly. Drones equipped with LiDAR are used for a variety of applications such as surveying, agriculture, forestry, and environmental monitoring, offering a way to gather detailed data from hard-to-reach areas.
Decreasing Cost of LiDAR Systems: As technology advances, the cost of LiDAR systems is decreasing, making it more accessible for a broader range of applications beyond just high-end markets. This trend is expected to continue, facilitating the adoption of LiDAR in new sectors.
Increased Demand for 3D Imaging: There is a growing demand for 3D imaging solutions across various industries, including construction, mining, and transportation. LiDAR is a key technology enabling these detailed imaging solutions.
Integration with Other Geospatial Technologies: LiDAR data is increasingly being integrated with other geospatial data from technologies such as GIS (Geographic Information Systems) and GPS, which enhances data accuracy and usability across different applications.
Smart City Initiatives: Many smart city projects utilize LiDAR technology for urban planning and management, including transportation systems, environmental monitoring, and public safety. The global push towards smarter urban infrastructure is a strong driver for LiDAR adoption.
Regulatory and Environmental Monitoring: Governments and environmental bodies are leveraging LiDAR to monitor and manage natural resources, track environmental changes, and enforce regulations, particularly in areas like coastal management, flood risk assessment, and forest resource management.
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LiDAR Market Regional Insights-
North America:
Dominates the global LiDAR market due to the early adoption of advanced technologies, particularly in the United States and Canada.
Major applications include autonomous vehicles, environmental monitoring, and large-scale infrastructure projects.
Presence of leading LiDAR companies and technology innovators drives regional market growth and development.
Europe:
Strong focus on automotive safety and environmental monitoring, with countries like Germany, France, and the UK leading in technology adoption.
Significant investment in autonomous driving technology and supportive regulatory frameworks contribute to the growth of the LiDAR market.
Increasing use of LiDAR in cultural heritage preservation and archaeological research.
Asia-Pacific:
Fastest-growing region due to rapid urbanization, industrialization, and the increasing adoption of modern agricultural techniques.
China and Japan are major markets, heavily investing in automotive LiDAR technologies and smart city projects.
Expansion of manufacturing capabilities and the integration of LiDAR systems in consumer electronics are also notable.
Latin America:
Growing interest in forest management, flood modeling, and urban planning using LiDAR technology.
Investments in natural resource management and agricultural applications are gaining traction.
The market is still in the early stages compared to other regions but shows potential for significant growth with increased awareness and technological access.
Middle East and Africa:
Increasing use of LiDAR in infrastructure development and monitoring due to ongoing large-scale construction projects, especially in the Gulf countries.
Potential growth in the mining sector, where LiDAR technology helps in site planning and management.
Challenges include the high cost of technology and limited local expertise, but developments in sectors like tourism and archaeology are beginning to leverage LiDAR more extensively.
Segmentation
Type of LiDAR Technology:
Airborne LiDAR
Terrestrial LiDAR
Mobile LiDAR
Satellite LiDAR
UAV (Unmanned Aerial Vehicle) LiDAR
Handheld LiDAR
Range of LiDAR Systems:
Short-range LiDAR (up to 100 meters)
Medium-range LiDAR (100 meters to 500 meters)
Long-range LiDAR (more than 500 meters)
LiDAR Component:
Laser Scanners
GPS/GNSS Receivers
Inertial Measurement Units (IMUs)
Photodetectors
Laser Diodes
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The USA terrestrial laser scanning industry is expected to be worth US$ 1.9 billion by 2032. It is set to create an absolute dollar opportunity of US$ 772.1 million in the assessment period. As per FMI, the USA market exhibited a CAGR of 5.5% from 2017 to 2021.
Terrestrial laser scanning solutions instantly acquire precise, dense three-dimensional data on an object's surface by comparing the laser's propagation time to the emitted beam. This makes creating 3D models inexpensive and incredibly quick, which will further push the USA market in the forecast period. However, the market may be constrained by high initial investments and ongoing operating costs for ground-based laser scanning, as well as light detection and ranging.
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Terrestrial Laser Scanning Market Revenue Share, Key Drivers & Trend Analysis, 2020–2026
The global Terrestrial Laser Scanning market is expected to reach USD 5.6 billion by 2026, 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 aid in topographical surveys.
Asia Pacific has the highest CAGR OF 7.2%. It dominates the market due to the increasing usage of laser Scanning by notable companies for surveys. North America follows closely. Growing infrastructure in Brazil and Mexico will boost the market in that region as well.
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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.
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 Outlook (Revenue, USD Million; 2018-2026)
Hardware
Software
Oil and gas
Mining
Infrastructure
Forestry and Agriculture
Transportation and Logistics
Application Outlook (Revenue, USD Million; 2018-2026)
Building Information Modeling (BIM)
Surveying
Research and Engineering
Type Outlook (Revenue, USD Million; 2018-2026)
Phase Shift Scanning
Pulse based Scanning
Mobile Scanning
Regional Outlook (Revenue, USD Million; 2018-2026)
U.S.
Germany
UK
China
India
Brazil
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Further key findings from the report suggest
Terrestrial Laser Scanning dominated the market in the year 2018 with a market share of USD 3.15 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. Pulse based Scanning is used for long distance work.
In mining, laser technology is used to measure the position of surface or targeted feature. Laser scanning is also used to create a 3D model of the mining area.
A major use of laser Scanning is nowadays in forestry. It is an efficient way of acquiring a tree’s detail attribute in the forest plot.
Building Information Model is used in engineering, research, asset management projects, upgrade 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 2018, 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.
Key Features of the Terrestrial Laser Scanning Market Report:
· Detailed assessment and exhaustive understanding of the Terrestrial Laser Scanning Market
· Significant insights into manufacturing processes, major barriers, and risks
· 8-year forecast estimation to offer information about the market size and market share on the global and regional levels
· Evaluation of the key drivers, restraints, growth opportunities, threats, limitations, barriers, and other key elements
· Identification of growth prospects and potential for the Terrestrial Laser Scanning industry
· Comprehensive analysis of the key market players and their strategies
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#Terrestrial Laser Scanning Market#Terrestrial Laser Scanning Market trends Terrestrial Laser Scanning Market
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Terrestrial Laser Scanning Market
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A terrestrial laser scanning system, also known as terrestrial LiDAR (light detection and ranging), is contact-free measuring equipment that collects dense point clouds of objects.
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Terrestrial Laser Scanning Market
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Terrestrial Laser Scanning Market Strategic Insights and key Business Influencing Factors | Major Players – Teledyne Technologies Incorporated, FARO Technologies, Inc., RIEGL Laser Measurement Systems GmbH.
Terrestrial Laser Scanning Market is a ground-based laser scanning system is often called LIDAR on the ground (detects light and finds range) / LIDAR on the ground. It works on the same principle as the electronic rangefinder. A laser emits electromagnetic radiation from a transmitter and captures reflected light from a combined and monochrome receiver. The emitted rays are highly oriented, contain a lot of energy. It quickly receives accurate, dense three-dimensional data on the surface of an object, measuring the laser with the propagation time of the emitted beam. This is an economical and very quick way to create 3D models.
Terrestrial laser scanning market is expected to reach USD 6.12 billion by 2027 witnessing market growth at a rate of 8.25% in the forecast period of 2020 to 2027. Data Bridge Market Research report on terrestrial laser scanning market provides research analysis and market insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
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Competitive Analysis: Global Terrestrial Laser Scanning Market
Few of the major competitors currently working in Global Terrestrial Laser Scanning Market are Leica Geosystems AG, Trimble Inc., Teledyne Technologies Incorporated, FARO Technologies, Inc., RIEGL Laser Measurement Systems GmbH, CREAFORM, Maptek Pty Ltd, Carl Zeiss Optotechnik GmbH, Zoller + Fröhlich GmbH and Merrett Survey Limited among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Key Pointers Covered in the Global Terrestrial Laser Scanning Market Trends and Forecast to 2026
Global Terrestrial Laser Scanning Market New Sales Volumes
Global Terrestrial Laser Scanning Market Replacement Sales Volumes
Global Terrestrial Laser Scanning Market Installed Base
Global Terrestrial Laser Scanning Market By Brands
Global Terrestrial Laser Scanning Market Size
Global Terrestrial Laser Scanning Market Procedure Volumes
Global Terrestrial Laser Scanning Market Product Price Analysis
Global Terrestrial Laser Scanning Market Healthcare Outcomes
Global Terrestrial Laser Scanning Market Cost of Care Analysis
Global Terrestrial Laser Scanning Market Regulatory Framework and Changes
Global Terrestrial Laser Scanning Market Prices and Reimbursement Analysis
Global Terrestrial Laser Scanning Market Shares in Different Regions
Recent Developments for Global Terrestrial Laser Scanning Market Competitors
Global Terrestrial Laser Scanning Market Upcoming Applications
Global Terrestrial Laser Scanning Market Innovators Study
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Global Terrestrial Laser Scanning Market Scope and Market Size
Terrestrial laser scanning market is segmented on the basis of type, solution, products, principles, mappings, application and end use. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Terrestrial laser scanning market on the basis of type has been segmented as phase-shift scanner, pulse-based scanner, mobile scanner and optical triangulation
On the basis of solution, the market is segmented into terrestrial laser scanning system and terrestrial laser scanning services. The terrestrial laser scanning system is further classified into hardware and software. The hardware section under terrestrial laser scanning in terrestrial laser scanning market is categorised into laser scanners, interface devices, wireless LAN antenna, inertial measurement systems, GPS/positioning systems, digital cameras and others.
On the basis of products, the market is segmented into dynamic terrestrial laser scanning and stationary/static terrestrial laser scanning
Based on the principles, the market is classified into galvanometer scanner, polygonal scanner, shaft scanner and others.
On the basis of mappings, the market is further segmented into camera scanner, hybrid scanner, panorama scanner and others
Segmentation: Global Terrestrial Laser Scanning Market
Global Terrestrial Laser Scanning Market By Type (Phase-Shift Scanner, Pulse-Based Scanner, Mobile Scanner, Optical Triangulation), Solution (Terrestrial Laser Scanning System, Terrestrial Laser Scanning Services), Products (Dynamic Terrestrial Laser Scanning, Stationary/Static Terrestrial Laser Scanning), Principles (Galvanometer Scanner, Polygonal Scanner, Shaft Scanner, Others), Mappings (Camera Scanner, Hybrid Scanner, Panorama Scanner, Others), Application (Building Information Modeling (BIM), Surveying, Research & Engineering, Others), End use (Industrial, Nuclear Sites, Power & Energy, Residential, Oil & Gas, Naval Industry, Chemical), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa), Industry Trends and Forecast to 2027
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Key insights in the report:
Complete and distinct analysis of the market drivers and restraints
Key Market players involved in this industry
Detailed analysis of the Market Segmentation
Competitive analysis of the key players involved
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The terrestrial laser scanning market is estimated at USD 3.0 billion in 2018 and is projected to reach USD 4.4 billion by 2023
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