Terrestrial Laser Scanning Market Revenue is anticipated to reach USD 2,523.15 million by 2023: Transparency Market Research

ALBANY, New York, September 17, 2015 /PRNewswire/ --

Transparency Market Research has released a new market report titled "Terrestrial Laser Scanning Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast, 2015 - 2023". According to this report, the global terrestrial laser scanning market was valued at USD 724.67 million in 2014 and is projected to reach USD 2,523.15 million by 2023 at a CAGR of 14.9% from 2015 to 2023.

Terrestrial laser scanning, also known as light detection and ranging (LiDAR), is one of the ideal methods for capturing accurate three dimensional (3D) data. Terrestrial laser scanning is an efficient method for obtaining real time data of large objects and areas in a short period of time. It is used in surveys, which collect complex geometric data from machines, buildings, and other objects. In the early 2000s, this technology was used only for specific tasks such as modeling and surveying complex systems of a factory. In the recent past, however, terrestrial laser scanning technology has been adapted in niche markets such as museum layout preparation, residential building construction, and media and entertainment. It is even used in projects related to road construction works, small-scale topographic survey, and in-door surveying of commercial buildings, etc. for collecting real world data.

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This provides an accurate and fast method of topographical surveying, providing deliverables such as raw data for databases and technical analysis, contour maps, digital terrain model (DTM), digital elevation model (DEM), and spatial cloud data. Terrestrial laser scanning system works on a simple principle, wherein a sensor releases a laser beam continuously toward an object, receives it, and calculates the size of the object.

The terrestrial laser scanning market has been segmented on the basis of type of laser, technology, application, and region. Based on laser type, the market has been segmented into diode, fiber, and solid-state lasers. The diode laser segment held the largest share of 59.16% of the terrestrial laser scanning market, by laser type, in 2014. The technology segment has been sub-divided into phase-shift scanner, pulse-based scanner, and optical triangulation. The phase-shift scanner segment accounted for the largest share of 66.86% of the terrestrial laser scanning market, by technology, in 2014. Based on application, the market has been segmented into oil & gas industry, construction & fabrication industry, manufacturing industry, building information modeling, agriculture industry, and others.

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The other industries segment (ship building, forensics, mobile mapping, defense and security, etc.) held the largest share of 33.60% of the terrestrial laser scanning market, by application, in 2014.Demand for terrestrial laser scanners is expected to increase gradually in the near future due to growth in various industries globally. The global terrestrial laser scanning market has been segmented as follows:

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Terrestrial Laser Scanning Market: By Laser Type 

• Diode Laser
• Fiber Laser
• Solid-state Laser

Terrestrial Laser Scanning Market: By Technology 

• Phase-shift Scanner
• Pulse-based Scanner
• Optical Triangulation

Terrestrial Laser Scanning Market: By Application

• Oil & Gas Industry
• Construction & Fabrication Industry
• Manufacturing Industry
• Building Information Modeling
• Agriculture Industry
• Others

Terrestrial Laser Scanning Market: By Region 

North America 

• U.S.
• Rest of North America

Europe 

• Germany
• U.K.
• Rest of Europe

Asia Pacific 

• China
• Japan
• Rest of Asia Pacific
• Rest of the World

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