Transparency Market Research has published a new report "Terrestrial Laser Scanning Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2015 - 2023" to its report store.
Albany, NY -- (SBWIRE) -- 09/16/2015 -- According to this report, the global terrestrial laser scanning market was valued at USD 724.67 million in 2014 and is anticipated to reach USD 2,523.15 million by 2023 at a CAGR of 14.9% from 2015 to 2023.
Browse Terrestrial Laser Scanning Market the full report at
Terrestrial laser scanning is one of the ideal methods for capturing accurate 3D data. It is also known as light detection and ranging (LiDAR). 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. 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. 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. 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. 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.
In terms of geography, the terrestrial laser scanning market has been segmented into four regions: North America, Asia Pacific, Europe, and Rest of the World. Asia Pacific was the largest market for terrestrial laser scanning, accounting for 28.76% share of the global market in 2014. Rapidly increasing application in China and Japan is the major driver of the terrestrial laser scanning market in Asia Pacific. North America was the second-largest market for terrestrial laser scanning in 2014. Growth in the gas industry and building information modeling in the U.S. is the major driver of the terrestrial laser scanning market in North America. Europe was the third-largest market for terrestrial laser scanning in terms of market share in 2014. The market in Rest of the World is expected to witness significant growth in the near future due to large number of construction projects in Brazil and the U.A.E.
For further inquiries, click here
Demand for terrestrial laser scanners is expected to increase gradually in the near future due to growth in various industries globally. The global market for terrestrial laser scanning has been segmented as follows:
Terrestrial Laser Scanning Market: By Laser Type
Terrestrial Laser Scanning Market: By Technology
Terrestrial Laser Scanning Market: By Application
Oil & Gas Industry
Construction & Fabrication Industry
Building Information Modeling
Terrestrial Laser Scanning Market: By Region
Rest of North America
Rest of Europe
Rest of Asia Pacific
Rest of the World
Browse Press Release:
About Transparency Market Research
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insights for decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, TMR employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.