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Global Terrestrial Laser Scanning Market
Global Terrestrial Laser Scanning Market was valued US$ XX Bn in 2018 and is expected to reach US$ XX Bn by 2026, at CAGR of 8.15% during forecast period of 2019 to 2026.
Drivers and Restrains:
Terrestrial laser scanning systems are generally known as light detection and ranging (LiDAR), this technique works on the principle that is similar to EDMI (Electronic Distance Measuring Instrument). Terrestrial laser scanning method is a competent technique for obtaining real-time data of very large to very small objects and areas in a considerably short period. Terrestrial scanning is currently the most accurate and precise technique of generating digital elevation models, replacing photogrammetry. Terrestrial laser scanners are mainly used to create digital 3D-representations of objects in seismographic surveys.
The global terrestrial laser scanning market is driven by advancements in networking for GNSS applications of land survey equipment, increasing adoption of LiDAR in building information modeling (BIM) ...
... applications, and increasing adoption of SaaS (Software as A Solution). However, limitations of LiDAR in harsh weather conditions are hampering the market growth at the global level. An increase in the number of new applications demanding terrestrial laser scanning technology and increased use of LiDAR in GIS applications are likely to create lucrative opportunities in the global terrestrial laser scanning market. Conventional mapping techniques as a low-cost substitute for LiDAR is the key challenge for the terrestrial laser scanning market.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Based on the solution, the terrestrial laser scanning services segment is expected to expand at the largest CAGR of XX% during the forecast period. The various types of land surveyors across the globe have started investing in novel technologies like terrestrial laser scanning. These scanners are referred to carry out 3D modeling of all types of objects and structures for the land surveyors to map data of high immobile assets. There is a rising demand for reliable and efficient terrestrial laser scanning across the world. The trend is highly evident in urbanized economies, wherein the purchasing power is high.
Based on the application, the BIM (Building Information Modeling) segment is anticipated to expand at the maximum CAGR of XX% throughout the upcoming period. The increasing demand for 3D scanning from architects and civil engineering companies has led to an increase in the demand for BIM. 3D deformation data of infrastructures and assets offer by terrestrial laser scanning solutions.
Geographically, the terrestrial laser scanning market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America held the dominant market share of XX% of the terrestrial laser scanning market in 2018 and it is expected to continue its dominance in the near future. Growing infrastructure development in Mexico and Brazil will drive the demand for this technology. The market in Asia Pacific is expected to expand at a high CAGR of XX% during the forecast period. China and Japan are the major contributor of the terrestrial laser scanning market growth in the APAC market. Moreover, the rising investments in research and development activities for the introduction of advanced terrestrial laser scanning technologies are predicted to accelerate the growth of this region in the near future. The market in Middle East Africa is projected to show significant growth over the forecast period due to large number of construction projects in Middle-East especially the U.A.E.
A report covers the recent development in market for the terrestrial laser scanning market e.g., FARO Technologies make a strategic minority investment in present 4D GmbH, which is a leading software solutions provider for professional virtual reality (VR) presentation and training environments. This partnership will fuel the acceptance of virtual reality solutions across a broad spectrum of business and industrial applications.
Global Terrestrial Laser Scanning Market Competitive landscape
Major Key players operating in this market are 3D Digital Corporation, Carl Zeiss Optotechnik, Creaform, FARO Technologies, Maptek, Trimble, RIEGL Laser Measurement Systems, and Teledyne Technologies. Manufacturers in the global terrestrial laser scanning are focusing on competitive pricing as the strategy to capture significant market share. Moreover, strategic mergers and acquisitions and technological innovations are also the key focus areas of the manufacturers.
The objective of the report is to present a comprehensive analysis of Global Terrestrial Laser Scanning Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market are presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Terrestrial Laser Scanning Market dynamics, structure by analyzing the market segments and project the Global Terrestrial Laser Scanning Market size. Clear representation of competitive analysis of key players By Type, Price, Financial position, Product portfolio, Growth strategies, and regional presence in the Global Terrestrial Laser Scanning Market make the report investor’s guide.
Scope of the Global Terrestrial Laser Scanning Market:
Terrestrial Laser Scanning System
Wireless LAN Antenna
Inertial Measurement Systems
Terrestrial Laser Scanning Services
Oil & Gas
Forestry & Agriculture
Transportation & Logistics
Others (education, entertainment & media)
Building Information Modeling (BIM)
City Modeling Survey
Forestry & Agricultural Survey
Research & Engineering
Others (forensics & crash scene investigation, seismology exploration & detection)
Middle East Africa
3D Digital Corporation
Carl Zeiss Optotechnik
Faro Technologies, Inc.
Maptek Pty Limited
Trimble Navigation Limited
RIEGL Laser Measurement Systems
Zoller + Fröhlich
Leica Geosystems HDS, LLC.
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Report Is Submitted By : Maximize Market Research Company
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