The Global Laser Distance Measurement Devices Market size is estimated to grow from USD 8.6 billion in 2021 to USD 12.1 billion by 2028, at a CAGR of 4.5% during the forecast period (2021-2028). The growth in this market can be attributed to increasing demand for accurate and fast data collection, growing construction industry, and increased adoption of lasers by various industries such as military, building & construction, oil & gas industry, metal & mining industry as well as other applications.
Laser Distance Measurement Devices are tools for measuring the distance between two points. A laser beam is emitted from one side and a sensor collects information about when the laser hits its target. The time it takes to cover that distance will be calculated by an onboard microcomputer, which then calculates how far away the object was.
A laser distance measurement device uses the time it takes for a laser beam to travel an object’s length as well as other information like elevation when calculating its position on Earth-based off relative coordinates such as latitude or longitude. This process can also be done using two known points on Earth that have been georeferenced (located). The use of lasers allows these devices to operate accurately without requiring anything more than light and positioning.
On the basis of Type, the market is segmented into Portable Type and Stationary type.
The Portable Type Laser Distance Measurement Devices is the key type of laser distance measurement device and it is a lightweight, compact device that can be easily carried in one hand. It has many different applications for professionals such as builders, architects, engineers, and surveyors. These devices are used to measure distances quickly and accurately, even when the target is far away and not visible to the naked eye.
The Portable Type Laser Distance Measurement Devices are used for measuring distances in-between different objects as well as determining angles or elevations of a point on an object with reference to another point. It can also be used by professionals such as engineers and surveyors who need accurate measurements but cannot carry bulky equipment around due to their jobs not being stationary. The portable device has many uses beyond residential projects because it allows homeowners, builders, architects, engineers, and others to measure quickly without needing access to power cords or heavy machinery like cranes.
Stationary type laser distance measurement devices are used to measure the distances of any two objects, points, or lines from each other. The device projects a beam that is reflected back by an object and then detected with its receiver. From this point on, it calculates the range using time-of-flight measurements (TOF) techniques based on detailed analysis of that return signal's timing properties.
The stationary type has many uses in various industries like military engineering, architecture & construction, oil & gas operations, etc., where they can be deployed as needed without requiring additional installation steps for each new application; hence making them cost-effective to use the long term when compared to portable types.
On the basis of Application, the market is segmented into Military, Building and Construction, Oil & Gas Industry, Metal Mining Industry, and Other.
Laser Distance Measuring Device is utilized to measure distance for targeting an object at a long-range by sending out laser beams that reflect off of its surface. The distances can be easily calculated from the time-of-flight (TOT) measurement using a device called a flight time recorder or TTR. This information helps calculate ranges such as ballistic elevations. It also detects objects obscured by smoke screens or fog banks making it easier to detect targets with precision accuracy even if they aren’t visible from the ground level perspective; enabling military personnel to engage the target.
Laser Distance Measuring Devices are used to measure distance in construction projects where there is a need for precision measurements, such as building floor plans or establishing accurate dimensions of land parcels. With this device, contractors can provide their customers with accurate measurement reports that will show if any discrepancies exist between what was planned and constructed; reducing cost overruns on behalf of builders while providing peace of mind to homeowners who want assurances that they'll be living in a home built according to specifications.
In this industry, laser distance measuring devices are used to measure the depth of an oil well. They're also employed in determining distances from a rig's location to other rigs or pipelines; so as not to drill too close and risk damage.
This category includes applications such as calculating volume capacity for storage tanks and containers that store ore particles, verifying accurate shipping measurements when moving metal products between facilities, and locating metallic parts within complex machinery assemblies using Laser Distance Measuring Devices with high-powered lasers─allowing workers' hands to stay free while they work on these machines without ever having to get up off their seats.
On the basis of Region, the market is segmented into North America, Europe, Asia Pacific, and Middle East & Africa. The North American market is expected to dominate the market primarily due to factors such as the high adoption of laser devices in various industries and the rapid development of technology. Europe accounted for the second-largest share in terms of value owing to greater acceptance among builders & contractors across the region.
The Asia Pacific region is estimated to be the fastest-growing regional market for laser distance measurement devices during 2021-2028, mainly attributed to increased industrialization which has led to higher demand from countries like China and India. In addition, companies are expanding their reach by investing heavily into this developing region with a specific focus on increasing sales force presence through establishing new channels or acquiring other businesses. This will lead to an increase in the number of customers being served over the next few years thereby boosting revenue streams for end-users operating in this space.
Low-cost lasers combined with digital processing technology allow accurate distance measurements in real-time at distances where other technologies cannot function satisfactorily or accurately measure - this has led to increasing demand for these devices among construction companies who want more precise data about their projects. The need for accuracy is greater now because modern buildings are becoming taller as skyscrapers become increasingly common around the world and manufacturers to try to keep up with consumer demands by using thinner materials (e.g., aluminum) on buildings.
Technological advancements in laser ranging technology to meet the needs of various industries, for example. new types of lasers are being developed that can measure distances at a greater distance from their targets and also have higher accuracy when measuring small objects like screws or bolt heads.
Up Market Research published a new report titled “Laser Distance Measurement Devices Market research report which is segmented by Types (Portable Type, Stationary Type), By Applications (Military, Building and Construction, Oil and Gas industry, Metal and Mining industry, Other), By Players/Companies Bosch, Hilti, Fluke, PCE Instruments, Leica Geosystems, Makita, Stabila, Stanley Black & Decker, RST Instruments, Milwaukee Tool”.
|Report Attributes||Report Details|
|Report Title||Laser Distance Measurement Devices Market Research Report|
|By Type||Portable Type, Stationary Type|
|By Application||Military, Building and Construction, Oil and Gas industry, Metal and Mining industry, Other|
|By Companies||Bosch, Hilti, Fluke, PCE Instruments, Leica Geosystems, Makita, Stabila, Stanley Black & Decker, RST Instruments, Milwaukee Tool|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||235|
|Number of Tables & Figures||165|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Portable Type, Stationary Type and By Application Military, Building and Construction, Oil and Gas industry, Metal and Mining industry, Other.
Some of the companies that are profiled in this report are:
Laser Distance Measurement Devices Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Laser Distance Measurement Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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