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Laser Scanner Market Size, Revenue, Growth Rate Analysis and Forecast 2023
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Laser Scanner Market Synopsis
The Global Laser Scanner market is expected to grow at a CAGR of 9% during the forecast period
Any laser scanner is an optoelectronic equipment that releases a laser beam, which, strikes a site/ object and gets reflected. This reflected beam is captured by the device. The distance between the laser scanner and the site/object can be calculated by the time taken for the completion of the cycle of emitting and re-capturing of the beam. This product is very helpful to avert any hazardous occurrences in industrial or construction premises. These are also used for monitoring and inspection purposes. The benefits of using these laser scanners are that they are easy to use and have simple designs. These devices are less sensitive to varying light conditions and ambient light, and scan surfaces with shiny or dark finishes with precision. Portability is also one of the striking features for higher implementation of these devices.
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The North American market has the largest market share in the current market scenario. Various industries such as transportation, consumer goods, healthcare, government and defense as well as utilities making use of laser scanners for over a decade in this region. The strong presence of top companies utilizing the scanners and key players which manufacture these devices is found in the North American region.
On the other side, laser scanners are excessively being deployed in the rapidly expanding and technologically advancing building and construction as well as healthcare and pharmaceutical industries in the APAC region. This is likely to underpin improved penetration of laser scanner into other developing economies in Asian countries. Also, various opportunities are seen in the automotive and transportation sector in North America and European region.
Large enterprises have a higher market share as these possess the financial capabilities to upgrade their existing operations and adopt new technologies. Till the end of forecast period, the large enterprises will continue to dominate the market share and also have a high CAGR.
Laser Scanner Market Key Players
The key players in the laser scanner market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are—Omron Corporation (Japan), Rockwell Automation, Inc. (US), Keyence Corporation (US), Faro Technologies (US), 3D Digital Corp. (US), Maptek (US), Panasonic Corporation (Japan), SICK AG (Germany), Leuze electronic GmbH + Co. KG (Germany), Pepperl+Fuchs GmbH (Germany), Steinbichler (Germany), Trimble (US) Aniwaa (Singapore), Micro-Epsilon (India) and Laser Scanning (UK). Majority of these companies are based in North America and Europe and Japan.
Laser Scanner Market Segmentation
The Global Laser Scanner market is segmented into components, organization size, type, vertical and region.
By components, the Global Laser Scanner is segmented into product and services. The Services are further segmented as Integration and Deployment Services; Consulting Service; and Maintenance and Support Services.
By organization size, the Global Laser Scanner is segmented into large enterprise and small and medium sized enterprises.
By type, the Global Laser Scanner is segmented into Stationary and Mobile.
By vertical, the Global Laser Scanner is segmented into Automotive; Food, Beverages and Consumer Goods; Healthcare and Pharmaceutical; Government and Defense; Building and Construction and Others.
By region, the Laser Scanner market is segmented into North America, Europe, Asia-Pacific, and rest of the world.
Laser Scanner Market Regional analysis
The Global market for Laser Scanner is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of Laser Scanner market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America).
Among the regions mentioned, North America is estimated to have the largest market share during the forecast period. The major factor contributing towards the growth of Laser Scanner market is owing to the rapid advancement in security technologies, adoption of Industry 4.0, stringent security laws and regulations. These scanners find their applications such as inspection, surveillance, robotics, automation, etc. across various verticals. Moreover, according to MRFR analysis, the US occupies nearly 75-80% of the major key players operating in this market. North America is followed by Europe and APAC having nearly 26% and 16% market share.
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