Natural Gas Refueling Infrastructure Market
reduce process costs using the right kind of terrestrial laser scanner, but can also cut down on the time it takes to complete a project.
Roadways and highway construction projects find an especially valuable use for terrestrial laser scanners owing to the enhanced safety measures that can be implemented using them. Additionally, the introduction of 3D terrestrial laser scanners has also immensely amplified the demand for such scanners, due to their unparalleled measurement speeds and accuracy.
New Players Deterred by High Expenses
A key restraint acting on the manufacturers of terrestrial laser scanners, especially new entrants, is the sheer cost of the instruments. A typical terrestrial laser scanning system comprises a scanner, laser, keypad, mobile device, operating software, and a TCP / IP interface. All these are expensive components that severely impact the budget allocations within a company. Additionally, they have to bear the extra costs of running the terrestrial laser scanners in various projects, further hindering the market’ s overall growth.
Asia Pacific Demand for Terrestrial Laser Scanners Soars
Asia Pacific is expected to continue generating considerable demand for terrestrial laser scanners in the near future. By 2023, Asia Pacific is expected to hold 28.76 % of the global market’ s value. North America is expected to follow Asia Pacific in terms of terrestrial laser scanners market value, with Europe trailing the two regions, till 2023.
Diode lasers have consistently been the most popular type of terrestrial laser scanners. By the end of 2023, their market revenue is expected to reach US $ 1.28 bn. Meanwhile, fiber laser scanners have been rapidly gaining popularity among application industries and it is projected to expand at a CAGR of 18.7 % from 2015 to 2023.
Many application industries are finding optical triangulation technology extremely advantageous in terrestrial laser scanners. As a result, this segment is expected to expand at a CAGR of 13.4 % from 2015 to 2023.
The construction industry has been a key consumer of terrestrial laser scanners for a long time. On the other hand, the demand for these scanners is expected to be the highest in the BIM industry, where it is expected to expand at a CAGR of 18.4 % from 2015 to 2023.
Transparency Market Research
3