What Is The Overview Of The Global Terrestrial Laser Scanning Market?
Terrestrial laser scanning (TLS) refers to a surveying method that uses laser light to capture precise three-dimensional data of objects and environments on the earth's surface. It involves the use of a stationary laser scanner positioned on the ground to collect millions of data points, creating detailed point clouds that can be used for various applications such as topographic mapping, and infrastructure monitoring.
Terrestrial Laser Scanning Global Market Report 2024 provides data on the global terrestrial laser scanning market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The terrestrial laser scanning market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
What Projections Can We Expect For The Size And Growth Rates Of The Global Terrestrial Laser Scanning Market?
The terrestrial laser scanning market has expanded significantly, rising from $4.41 billion in 2023 to $4.78 billion in 2024, with a CAGR of 8.2%. Historical growth has been attributed to digitization initiatives, advancements in scanning technologies, cost efficiencies, compliance demands, and process optimization. The market is projected to reach $6.60 billion in 2028, growing at a CAGR of 8.4%. The forecasted growth will be driven by increasing digital documentation, the adoption of cloud-based solutions, heightened focus on data security, advancements in AI and automation, and remote work trends. Key trends include the rise of AI integration, expanded use of cloud solutions, security-focused innovations, integration with enterprise systems, and mobile scanning advancements.
What Are The Core Factors Supporting Growth In The Terrestrial Laser Scanning Market?
The growth of the construction sector is expected to drive the expansion of the terrestrial laser scanning market. The construction sector involves the planning, design, building, and maintenance of various physical structures. Growth in construction is linked to economic expansion, urbanization, and increased demand for infrastructure. Terrestrial laser scanning provides highly accurate 3D representations of construction sites, aiding in precise measurements, quality control, and project monitoring. For instance, in February 2024, the Central Statistical Bureau of Latvia reported an 18.9% rise in construction sector output in 2023, with building construction up by 26.8%. Therefore, the growing construction sector is fueling the growth of the terrestrial laser scanning market.
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What Are The Major Segments Within The Global 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
Which Trends Are Expected To Transform The Terrestrial Laser Scanning Market?
Major players in the terrestrial laser scanning market are advancing scanning technology to improve the precision and efficiency of spatial data collection. For instance, in May 2023, Trimble, a US-based tech company, launched the X9 3D laser scanner. This device, aimed at professionals in surveying and construction, improves performance with features like Trimble X-Drive for automatic calibration, survey-grade self-leveling, and a laser pointer for georeferencing. It boasts longer scanning range, better accuracy, and shorter scan times, making it versatile for a variety of industries, including surveying, construction, and mining.
What Is The Fastest Growing Region 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.
