3D Laser Scanning Market, with a 12.95% CAGR, is expected to grow to USD 5.974 billion in 2031 from USD 2.877 billion in 2025.
Numerous old processes across various sectors are becoming obsolete or less effective as the digital revolution progresses. This is unquestionably the case in the engineering sector, where outdated procedures and equipment are being recycled in favor of faster, safer, and more affordable alternatives. One such instrument that is become an attractive alternative for surveyors, spatial scientists, and engineers looking to expedite procedures and work more effectively is 3D laser scanning. From forensics and archaeology to construction and civil engineering, laser scanners are employed in a wide range of sectors and applications. Engineers and contractors can use laser scanning technologies to lower risks, lower costs, and expedite project design and construction. The power, usefulness, and affordability of laser scanning are all set to increase, having an impact on a wide range of businesses. Like computing, the technology is merely getting smaller, less expensive, and simpler to operate.
Innovation in the oil storage industry
Today, storing liquid fuels and other petrochemicals is a difficult undertaking all over the world. To begin with, the storage facilities must function according to set guidelines. A piping and instrumentation diagram (P&ID) is one of the techniques to guarantee this. Such diagrams were traditionally created by manually measuring the assets of a facility, which required a team of surveyors. Significant health and safety risks were present during the work, which was time- and cost-intensive. Now, this technique is aided by 3D laser scanning and the accompanying software programs. To produce more precise 2D P&IDs from 3D scan data, the UK-based Advanced 3D Laser Solutions Group (A3D) and their US partner HTS Advanced Solutions 3D laser scanned a sizable liquid storage terminal in Houston, Texas, in the summer of 2020. The businesses used two FARO Focus Laser Scanners along with FARO SCENE Software to do this work. A3D finished the job in about 10 months as opposed to the two to three years it would have taken to complete using conventional surveying methods.
The rising construction sector in Asia Pacific will increase demand for 3D scanners
Architecture, engineering, and construction require 3D scanning and mapping at every level, from the design to the inspection. One of the regions having a substantial share of the 3D laser scanner market is Asia Pacific. The market for 3D laser scanners is expected to provide promising opportunities in emerging economies in the Asia Pacific due to its growing application in surveying upcoming onshore and offshore projects, pipelines, and subsea models, among other things. With an increase in the growth rate of 7.4% in 2021 compared to 0.4% in 2020 for construction in the East Asia Pacific region (Source: data.worldband.org). The need for 3D scanners will rise as innovative technologies continue to advance and are used by the construction industry.
Increase in need for deep mining
Due to the growing need, the modern mining sector is extracting resources from deeper depths. About $90.4 billion in mineral commodities were generated by the US. mines in 2021, an increase of $9.7 billion over the previous year (Source: U.S. Geological Survey). Because underground mines are more dangerous and complex than surface operations, safety and productivity are top priorities in the mining sector. The modern mining industry's prosperity depends on technological innovation. Recent developments have improved the safety, effectiveness, and sustainability of mines. Since 3D laser mapping surveying gives advantages in accuracy and speed and can be used without affecting productivity flow, it has quickly surpassed traditional surveying techniques in large-scale projects. Within a few hours, a detailed map of the entire mine can be created.
3D Laser Scanning Market Segmentation:
By Scanner Type
Time of Flight Laser Scanners
Phase Based Laser Scanners
Laser Triangulation Scanners
By Application
Prototyping
Data acquisition
By Technology
Time of flight
Triangulation
By Industry Vertical
Building & Construction
Automotive
Aerospace
Mining
Others
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
UAE
Others
Asia Pacific
China
India
Japan
South Korea
Indonesia
Thailand
Others