Laser Scanner Market Analysis

Market Research Future (MRFR) presumes the global laser scanner market to grow at a CAGR of 9% from 2018 to 2023 (forecast period).

A laser scanner is optoelectronic equipment that emits a laser beam that strikes a place or object and is reflected. The device captures the reflected beam. The time required to complete the cycle of emitting and re-capturing the beam can be used to calculate the distance between the laser scanner and the site/object. This product is extremely useful in preventing any potentially hazardous events in industrial or construction settings. These are also used for inspection and monitoring. The advantages of using these laser scanners are their ease of use and simple designs. These devices are less sensitive to changing light conditions and ambient light and can scan objects with glossy or dark finishes with pinpoint accuracy. One of the most notable features for greater adoption of these devices is their portability.

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COVID-19 Impact on the Global Laser Scanner Market

The introduction of a variety of regulations by governments worldwide to deal with the COVID-19 disaster is expected to affect the growth of the global laser scanner market.

Market Segmentation

The global laser scanner market has been segmented into components, organization size, type, and vertical.

By components, the global laser scanner market has been segmented into products and services. The services has been segmented into integration and deployment services, consulting service, and maintenance and support services.

By organization size, the global laser scanner market has been segmented into large enterprises and small and medium-sized enterprises.

By type, the global laser scanner market has been segmented into Stationary and Mobile.

By vertical, the global laser scanner market has been segmented into automotive, food, beverages and consumer goods, healthcare and pharmaceuticals, government and defense, building and construction and others.

Key Players

Notable players in the laser scanner market are recognized across all the major regions based on their country of origin, presence across various regions, recent significant developments, product diversification, and industry expertise. Some of them are—Omron Corporation (Japan), Rockwell Automation, Inc. (US), 3D Digital Corp. (US), Keyence Corporation (US), Faro Technologies (US), Maptek (US), Panasonic Corporation (Japan), Pepperl+Fuchs GmbH (Germany), SICK AG (Germany), Leuze electronic GmbH + Co. KG (Germany), Steinbichler (Germany), Trimble (US), Aniwaa (Singapore), Micro-Epsilon (India) and Laser Scanning (UK). The majority of these organizations are based in North America and Europe, and Japan.

Laser Scanner Market Regional Analysis

By region, the global laser scanner industry has been segmented into North America, Europe, Asia Pacific, and the rest of the world.

During the projection period, North America is expected to have the biggest market share. The rapid innovation in security technologies, adoption of Industry 4.0, and stricter security rules and regulations are the primary factors driving the growth of the Laser Scanner market. These scanners are used in a variety of industries, including inspection, surveillance, robotics, and automation. For more than a decade, various industries in this region have used laser scanners, including transportation, consumer products, healthcare, government and defense, and utilities. North America has a large presence of major companies that use scanners and important firms that produce these devices.

On the other hand, laser scanners are widely used in the APAC region's constantly expanding and technologically advanced building and construction, as well as healthcare and pharmaceutical industries. This is anticipated to support increased laser scanner penetration in other Asian developing nations. In addition, there are several prospects in the automotive and transportation sectors in North America and Europe.

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Summary

The global laser scanner market is predicted to grow at a CAGR of 9% from 2018 to 2023 (forecast period). Laser scanners are distance measuring devices that measure the distance by measuring the time it takes for laser beams to reflect and reach the source. The growing necessity of monitoring and inspection in industrial operations is driving the laser scanner industry.

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TABLE OF CONTENTS

1 executive summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.3 Research Objectives

2.4 Market structure

3 Research Methodology

4 Market Dynamics

4.1 Market Drivers

4.1.1 Industry Automation

4.1.2 Rise In Demand Of Safety And Security Devices

4.1.3 Laws And Regulations Promoting Safety And Security

4.2 Market Restraints

4.2.1 High Initial Investment

4.3 Market Opportunities

4.3.1 Increasing Adoption in APAC

4.3.2 Increasing Adoption In Transportation And Automotive Industry

4.4 Market Challenges

4.4.1 Laws Regarding Usage Of Radiation-Emitting Products

4.5 Porter's Five Forces Analysis

4.5.1 Threat Of New Entrants

4.5.2 Bargaining Power Of Buyers

4.5.3 Threat Of Substitutes

4.5.4 Segment Rivalry

4.5.5 Bargaining Power Of Suppliers

4.6 Government/Industry Norms And Regulations