New York, NY -- (SBWIRE) -- 01/27/2021 -- 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.
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Leading Players Profiled in the Report 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.
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 also aid in topographical surveys.
Asia Pacific has the highest CAGR OF 7.2%. It dominates the market due to the increasing usage of laser Scannings by notable companies for surveys. North America follows closely. Growing infrastructure in Brazil and Mexico will boost the market in that region as well.
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 Scannings 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.
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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)
North America
Europe
Asia Pacific
Latin America
MEA
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Table of contents
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2026
Chapter 3. Indicative Metrics
3.1. Macro Indicators
3.1.1. Global rise in demand of digital infrastructure
3.1.2. Availability of mapping highly immobile assets
3.1.3. APAC has a larger market share
Continued….
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