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The global 3D terrestrial laser scanning market was valued at around $160 million in 2014. Several factors including an increase in the number of construction sites have led to various surveying companies adopting this technology. 3D terrestrial laser scanning technology reduces the high costs of operation. Therefore, organizations adopt this technology to reduce risk, speed up task completion, and provide improved quality control.
The market is expected to witness moderate growth during the forecast period. The market vendors will look to expand and refine their capabilities, offer bundled services to clients, and move up the value chain by providing a combination of scanning, printing, and business-specific solutions.
3D terrestrial laser scanning helps in tracking the transportation around the globe. This helps the organizations in maintaining the record of all the transport facilities. It is used mostly in railways and roadways as they need to maintain the supply of goods and continue the passenger trail. The application of 3D to track new places for the construction is expected to gain significant traction over the next four years.
The increased concerns among organizations about their financial expenses are driving the growth of the market in Americas. Factors such as federal investments in printing techniques and scanning provide the impetus for the adoption of new technology. However, due to the high initial investment and the increased privacy concerns, the market is expected to grow at a moderately until 2019.
Other prominent vendors in the market include Faro, GeoDigital, Maptek, Measurement Devices, RIEGL Laser, and Spatial Integrated Systems. Many local vendors have started providing cost-effective scanners with at lower price than those of the international players. This trend is likely to continue, and it is expected to prompt the market leaders to increase their footprint in new geographies.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market description
PART 06: Market landscape
PART 07: Market segmentation by end-user
PART 08: Geographical segmentation
PART 09: Key leading countries
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
PART 16: Key vendor analysis
PART 17: Appendix
PART 18: Explore Technavio
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