Unmanned Aerial Vehicle (UAV) Market Copy of UAV Market

TERRESTRIAL LASER SCANNING MARKET WORTH $4.4
BILLION BY 2023
A report by MarketandMarkets
The terrestrial laser scanning market is estimated at USD 3.0 billion in 2018 and is projected to
reach USD 4.4 billion by 2023, at a CAGR of 8.17% from 2018 to 2023. The factors that are
expected to fuel the growth of the terrestrial laser scanning market are the increasing demand
for surveys and 3D laser scanning in the infrastructure industry in Asia Pacific and the Middle
East region.
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Based on solution, the terrestrial laser scanning services segment of the terrestrial laser scanning
market is projected to grow at the highest CAGR during the forecast period, as different types of
land surveyors around the world have started investing in new technologies such as terrestrial laser
scanning. These scanners are used to carry out 3D modeling of all types of objects and structures,
which helps land surveyors to mapped data of high immobile assets. There is a growing demand for
reliable and efficient terrestrial laser scanning across the globe. The trend is highly evident in
developed economies, wherein the purchasing power is high.
Based on application, the terrestrial laser scanning market has been segmented into Building
Information Modelling (BIM), surveying, research and engineering, and others. BIM is used in
deformation projects, assets management projects, infrastructure upgradation projects, and
others. Most developed countries such as the UK, the US, and Western Europe are framing new
infrastructural policies to emphasize on digital infrastructure initiatives.
Major players in the terrestrial laser scanning market include 3D Digital Corporation (US), Carl
Zeiss Optotechnik (Germany), Creaform (Canada), FARO Technologies (US), Maptek (Australia),
Trimble (US), RIEGL Laser Measurement Systems (Austria), Teledyne Technologies (US),
Topcon (Japan), Hexagon (Sweden), and Zoller + Fröhlich (Germany), among others.