Terrestrial laser scanning is a land-based alternative of airborne LiDAR frequencies used in terrain and landscape monitoring and measurement. The global Terrestrial Laser Scanning market is estimated to gain a boost in customer traction in the forthcoming years due to the increasing adoption of LiDAR technologies in the infrastructure industry, development, rising demand for high-resolution 3D mapping, and growing surveying activities and construction of new infrastructure.
| Report Coverage | Details |
| Study Period | Historical Data: 2015-19 |
| Base Year: 2019 | |
| Forecast Period: 2020-25 | |
| Regions Covered | North America |
| Europe | |
| Asia-Pacific | |
| South America | |
| Middle East & Africa | |
| Unit Denominations | USD Million/Billion |
According to MarkNtel Advisors’ research report titled “Global Terrestrial Laser Scanning Market Analysis, 2020”, the global Terrestrial Laser Scanning market is anticipated to grow at a CAGR of approximately 8.5% during 2020-25. Growing adoption of digitalized technologies, up-gradation of Software as a Solution in the terrestrial laser scanning, heavy construction activities in the emerging countries of the Middle-East and Asia-Pacific regions, and increasing demand for surveys and 3D laser scanning in the infrastructure industry.
Building Information Modelling Segment is Expected to Capture the Largest Market Share During 2020-25
Based on the application segmentation, the Building Information Modelling segment held the largest market share in 2019, as stated in the MarkNtel Advisors’ research report “Global Terrestrial Laser Scanning Market Analysis, 2020”. The segment is also expected to attain the highest growth rate during 2020-25, owing to the surging demand of scanners from architecture and civil engineering companies for 3D scanning.
Operators are Concentrating on Product Innovation and Customer Convenience
According to MarkNtel Advisors, some the of key competitors operating in the global Terrestrial Laser Scanning market include Hexagon Geosystems, Trimble, Teledyne Technologies, Faro Technologies, Rigel Laser Measurement Systems, Creaform (Ametek), Maptek, and 3D Digital Corporation.
The companies in the terrestrial laser scanning industry are majorly concentrating their efforts on new product launches, product innovation, and pricing of the product. Terrestrial laser scanner, being a costly instrument, is not up for purchase to all consumers in the under-developed nations or developing countries. Therefore, the manufacturers are focusing on fixing a low price for the product. For instance, Creaform launched its GoSCAN3D Solution for under USD 20 thousand, in 2017. The product was the integration of 3D + VX model solution. Further, in 2019, the company launched the latest generation HandySCAN 3D, with improved optics, multiple blue laser technology, and a sleek ergonomic design. Similar to the company’s flagship metrology-grade 3D scanner, the HandySCAN BLACK sets the standard for measurement, regardless of size, material or complexity, within seconds in any location.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
Q. What would be the growth rate or CAGR of Global Terrestrial Laser Scanning Market during 2020-25?
A. The market size of Global Terrestrial Laser Scanning Market during 2020-25 is forecast to be around 8.5%.
Q. Which application segment used in Terrestrial Laser Scanning would grab the highest market share during 2020-25?
A. It is forecast that building information modelling segment will dominate the market with majority market share, with market size registering considerably higher CAGR.
Q. Who are the key competitors or players operating in Global Terrestrial Laser Scanning Market?
A. Hexagon Geosystems, Trimble, Teledyne Technologies, Faro Technologies, Rigel Laser Measurement Systems, Creaform (Ametek), Maptek, 3D Digital Corporation are few of the leading players in the Global Terrestrial Laser Scanning Market.
Q. Does the report scope cover Global Terrestrial Laser type and region wise market statistics also?
A. Yes, the scope of the report encompass detailed Terrestrial Laser Scanning type and region wise statistics such as market size, market segmentation based on various subcategories.
