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How are market drivers shaping the future growth trajectory of the terrestrial laser scanning industry?
The rising construction sector is expected to propel the growth of the terrestrial laser scanning market going forward. The construction sector encompasses the planning, design, building, and maintenance of physical structures such as residential, commercial, and infrastructure projects. The rising construction sector signifies economic growth, urbanization, and increasing demand for infrastructure and real estate development. Terrestrial laser scanning in the construction sector provides highly detailed and accurate 3D representations of sites for precise measurements, quality control, and project monitoring. For instance, in February 2024, according to The Central Statistical Bureau of Latvia, a Latvia-based administrative institution of government, the output grew by 18.9% in 2023 compared to 2022, with building construction rising by 26.8%, specialist construction activities by 17.8%, and civil engineering by 10.8%. Therefore, the rising construction sector is driving the growth of the terrestrial laser scanning market.
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What is the estimated market size of the terrestrial laser scanning sector by 2029, based on current forecasts?
The terrestrial laser scanning market size has grown strongly in recent years. It will grow from $4.78 billion in 2024 to $5.19 billion in 2025 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to digitization initiatives, innovations in scanning technology, cost reduction, compliance requirements, and business process optimization.
The terrestrial laser scanning market size is expected to see strong growth in the next few years. It will grow to $7.14 billion in 2029 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to the increasing volume of digital documents, rising demand for cloud-based solutions, focus on data security and privacy, emergence of AI and automation, and remote workforce trends. Major trends in the forecast period include increased adoption of AI and machine learning, the rise of cloud-based solutions, focus on security and compliance, integration with enterprise content management (ECM) systems, and expansion of mobile scanning solutions.
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#Who are the top players in the terrestrial laser scanning market?
Major companies operating in the terrestrial laser scanning market are International Business Machines Corporation, Fujitsu Limited, Hexagon AB, Teledyne Technologies, Iron Mountain Incorporated, Trimble Inc., Topcon Corporation, Flatworld Solutions Private Limited, BenQ Corporation, Optech Inc., Chicago Records Management Inc., Riegl Laser Measurement Systems, Zoller + Fröhlich GmbH, Pearl Scan, The Apache Software Foundation, Faro Technologies, Blue-Pencil Information Security Inc., Cleardata UK Ltd., Royal Imaging, VENSO Technologies, Ripcord Inc.
#What are the major trends in the terrestrial laser scanning market?
Major companies operating in terrestrial laser scanning market are focused on developing advanced laser scanning technology to enhance the precision, efficiency, and versatility of spatial data collection. Advanced laser scanning technology refers to the use of high-precision laser systems to capture detailed 3D measurements of surfaces and structures. For instance, in May 2023, Trimble Inc., a US-based technology company, launched the X9 3D laser scanner, a reality capture solution tailored for surveying, construction, and engineering professionals. As the latest addition to Trimble’s laser scanning portfolio, it enhances performance across diverse environments. The X9 incorporates innovations such as Trimble X-Drive technology for automatic instrument calibration, survey-grade self-leveling, and a laser pointer for georeferencing. Building on the industry-proven X7, the X9 offers a longer scanning range, higher accuracy, shorter scan times, and exceptional sensitivity. This improved performance allows the X9 to easily capture challenging dark or reflective surfaces, making it versatile for applications in industries such as surveying, construction, rail, mining, and more.
Which geography holds the highest terrestrial laser scanning market share?
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.
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What are the key segments driving growth in the 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
Subsegments:
1) By Scanning Systems: 3D Laser Scanners, Static Laser Scanners, Mobile Laser Scanners, Handheld Laser Scanners
2) By Scanning Services: Data Collection Services, Data Processing Services, 3D Modeling Services, Consulting And Integration Services
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What defines the structure and scope of the 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.
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