Market Definition / Research Scope
Laser measuring instrument is an equipment that provides real-time length, volume, default area, and indirect measuring capacities which can be utilized in any measurement technique. Laser measuring instruments can be connected to smartphones or tablets through Bluetooth connectivity, allowing transfer proportions onto images.
Laser measurement instruments are used to enable valid mapping of parking lots, construction sites, square design, and other areas in order to examine the gap between the piping runs and the pump line. Laser measuring instruments are portable handheld tools, which are easy to use. Besides this, it has a great battery capacity that provides reliable, fast, and multiple measurements.
Laser measuring instruments are capable of scanning in three different modes, and they are quick to scan detection, quick scan recording, and images scan. These three modes can scan 2-D and 3-D data visualization with top view and cross-sectional views.
Laser Measuring Instruments Market size was estimated at $XX Billion in 2022 and is expected to reach $XX Billion by 2031, growing at a CAGR of 10.37% during the forecast period of 2022 to 2031.
Laser Measuring Instruments Market Growth and Trends
Driving factors for the industry :
• The global laser measuring instrument market is projected to expand in the near future, due to the growth in the global automotive industry in developed and developing countries
• Rise in need for precise measuring equipment and tools for evaluation in semiconductor industry is expected to fuel the global laser measuring instrument market
• Increase in demand for inspection of defects and cracks in underground pipes and pipe lines in oil & gas and petrochemical industries is one of the major factors estimated to drive the laser measuring instrument market over the next few years
• Growth in usage of laser measuring instrument in health care and manufacturing industries is likely to boost the demand of laser measuring instrument across the world
• Laser measuring instruments are rapidly replacing their traditional counterparts such as measurement tapes in different industries. This is one of the factors likely to drive the global demand for laser measuring instruments across the globe.
• Rise in demand for laser measuring instruments in the construction industry, owing to the importance of getting accurate measurements right for the first time with high efficiency, and safety is likely to propel the demand for global laser measuring instruments.
• North America is anticipated to constitute significant share of the global laser measuring instrument market during the forecast period, due to industrialization and expansion in the oil & gas industry in the region
• Manufacturing industries in developed and developing countries are focusing on manufacturing components and parts using laser measuring instrument machine in less time and efforts, and with accurate measurements. This, in turn, is one of the major factors driving the global laser measuring instrument market in the next few years.
• The laser measuring instrument market in Asia Pacific is expected to expand significantly, due to the industrial growth and increase in construction activities in the region.
Challenging factors for the industry :Laser measuring instrument is widely used in different industries to get accurate measurements, although they are extremely expensive. Thus, high cost is one of the negative factors hampering the global laser measuring instrument market across the globe. Due to this, the customers are preferably choosing for its alternative i.e., ultrasound distance meters.
Laser Measuring Instruments Market Regional Analysis
Laser Measuring Instruments Market Share and Competition
Key companies operating in this industry are: Stanley Black & Decker, Inc., PCE Instruments, Robert Bosch Tool Corporation, Leica Camera AG, KEYENCE Corporation, DEWALT., SUAOKI, TACKLIFE, Shenzhen Globalebuy CO., LTD., Hilti Corporation, and Johnson Level & Tool Mfg. Co., Inc. Similar industries in this domain that is growing at a high CAGR include Global Mid Infrared Laser Market and Tunable Diode Laser Analyzer Market.
Laser Measuring Instruments Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2022 – 2031)
• Data breakdown for every market segment (2022 – 2031)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Measurement Analysis (Revenue, USD Million, 2022 - 2031)
• Under 100 Feet Distance
• 100-199 Feet Distance
• 200-299 Feet Distance
• 300-399 Feet Distance
• 600-699 Feet Distance
• 800-899 Feet Distance
Operation Analysis (Revenue, USD Million, 2022 - 2031)
Distribution Channel Analysis (Revenue, USD Million, 2022 - 2031)
• Direct Sale (OEM)
• Indirect Sales
Application Analysis (Revenue, USD Million, 2022 - 2031)
Industry Analysis (Revenue, USD Million, 2022 - 2031)
• Chemical Processing
• Defense & Aerospace
• Oil & Gas
• Consumer goods
Region Analysis (Revenue, USD Million, 2022 - 2031)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of World
Laser Measuring Instruments Market Companies
• Stanley Black & Decker, Inc.
• PCE Instruments
• Robert Bosch Tool Corporation
• Leica Camera AG
• KEYENCE Corporation
• Shenzhen Globalebuy CO., LTD.
• Hilti Corporation
• Johnson Level & Tool Mfg. Co., Inc.
Available Versions: -
United States Laser Measuring Instruments Market Research Report
Europe Laser Measuring Instruments Market Research Report
Asia Pacific Laser Measuring Instruments Market Research Report
India Laser Measuring Instruments Market Research Report
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