Terrestrial Laser Scanning Market Size,Share,Growth,Competition,Trends,Growth Opportunities and Forecast (2024-2031)
The terrestrial laser scanning system is generally known as terrestrial LIDAR (light detection and ranging)/ topographic LIDAR, this works on the principle which is similar to electronic distance measuring instruments. Lasers emit electromagnetic radiation, from a transmitter and capture the reflected light by a receiver, which is coherent and monochromatic. The emitted beams are highly directional, contain a lot of energy. It rapidly acquires accurate, dense 3D data acquisition of object surfaces by laser range finding using the time of travel of the emitted beam. This is a cost-effective and very fast way to produce 3D Models. These systems are widely used in surveys to collect complex geometric data from buildings, land, and other objects. The utilization of laser scanning systems has risen dramatically in recent years for rapid mapping and the compilation of asset inventories. Thus growing demand for these systems is expected to drive the global terrestrial laser scanning market over the forecast period.
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Market Dynamics
Increasing demand for 3D laser scanners in the infrastructure industry, survey, and research & development are the major factors expected to drive the global terrestrial laser scanners market. It is owing to the increasing adoption of LiDAR in Building Information Modeling (BIM) applications, increasing adoption of software as a solution (SaaS), and advancements in networking for GNSS applications for land survey equipment. Further, the rise in the global capital expenditure from the infrastructure industry along with increasing global Gross Domestic Product (GDP), rising disposable income especially in Asian countries, and rising standard of living are driving the growth of the terrestrial laser scanning market.
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Segment Analysis
Based on product the global terrestrial laser scanning market is broadly segmented as phase shift, mobile scanner, pulse-based scanner, and optical triangulation. Among all these phase shift scanners accounted for major market share and is expected to grow at a high CAGR during the forecast period. It is owing to the demand for BIM, and 3D modeling of assets is witnessing growth in the developed countries which, in turn, has generated the need for efficient and faster equipment. Using phase shift scanners, the distance is measured by analyzing the shift in the wavelength of the return beam. These are also capable of modulating the power of the laser beam. Therefore, they offer better performance compared to other scanners.
Competitive Landscape
Significant players of the global terrestrial laser scanning are Carl Zeiss Optotechnik, Creaform, FARO Technologies, Maptek, Trimble, RIEGL Laser Measurement Systems, Teledyne Technologies, Topcon, Hexagon, Zoller + Fröhlich, and others. The product launches, collaboration, and product agreements, and other key developments are the dominating strategies adopted by the market players to enhance their product portfolio in the continuous passive movement devices market. For instance, in March 2017, Teledyne Optech announced the launch of Polaris Terrestrial Laser Scanner at the SPAR 3D Conference and Expo, Texas.
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