Laser Scanner Market Research Report – Global Forecast till 2027

Laser Scanner Market Research, By Components (Product, Services), Organization Size (Large Enterprise, SMEs), Type (Stationary, Mobile), Vertical (Automotive, Government, Healthcare, Food & Beverage, Pharmaceutical) – Forecast till 2027

ID: MRFR/SEM/5832-HCR | November 2022 | Region: Global | 100 Pages         

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Laser Scanner Market Synopsis


The Laser Scanner Market Growth rate is assumed as 9% for the forecast period 2023. The laser scanner is a technology that captures the shape of an object with laser lights. The scanner is used or various appositions without any contact with the object. It can collect real-time data by the shape and design of the object. It is a next-gen scanner technology that creates 3d models. Today, the scanners are prevalent in construction, energy, healthcare, aerospace, architecture, and defense industries. The evolving markets have high investments in scanner technologies. They are used for day-to-day applications in industries and organizations.


Further, the quality control process has a high requirement for laser scanners. In the inspection process, it is used for alignment, CAD inspection, and calibration. Through this technology the manufacturing process in many industries is smooth. The laser scanner allows modification of object shape. It provides plenty of opportunities for the industries to align and modify any object shape. All the 3 models by this machine are highly accurate. With the scanner technology, the modeling software is another segment of the market with high demand. The growth rate of the laser scanner market is estimated to be immense in the forecast period. 


COVID ANALYSIS 


Covid 19 is affecting the growth of many global markets. The laser scanner market is witnessing a few problems in this period. The operations of this market are slowing down. Lockdown and restrictions are causing a low production rate. Also, demand is declining from the user end.


The key end-users of the laser scanner market from the healthcare, construction, and energy industries are decreasing in this region. The deployment of the laser scanner is becoming difficult due to unfavourable market scenarios. However, in the upcoming years, the market will see more positive developments. It is recovering from the effects of Covid 19. The investment for the laser scanner is expected to rise in the upcoming years. Also, various developments and innovations will lead to high growth in the overall laser scanner market. 


Market Dynamics 



  • Crucial Market Drivers 


The high need for quality inspection in many sectors is a crucial driver for the laser scanner market. There are plenty of advantages of deploying these 3D scanners in industries. It is a technology that can even scan the softest and fragile parts of any object. Also, the detection of the object is within a short period. It brings higher efficiency and improvements in quality inspection control.


Also, the no contact benefits are higher with the laser scanners. In this pandemic, laser scanners are the most preferred inspection technology. With only laser lights, it can perform the entire data collection, modification, and evaluation process. Furthermore, demand for 3D printers is rising in many regions. The economies with high industrial growth have tremendous demand for 3d laser scanner market. With this technology that safety concerns in the healthcare sector are mitigated. 


Further, with 3D scanners, many tasks are performed in many industries. In several industries, manufacturing defects are detected in advance with laser scanners. It saves a high amount of revenue losses for such industries. Also, 3D product designing is possible with CAD scanners. Many industries can modify their existing product shapes. It helps to produce innovative products with the help of laser scanners. All these crucial drivers of the market will contribute to the global laser scanner market value. 



  • Market Growth Opportunities 


The wide range of applications of laser scanners creates growth opportunities in various verticals. The aerospace, defense, healthcare, automotive, and many other industries have a high demand for laser scanners. It is a technology that is useful in several sectors. Due to its wide range of applications the demand in many verticals will increase for laser scanners. Many industries are researching effective ways to utilize scanner technology.


It will lead to high development possibilities in the laser scanner market. Due to the versatile applications, the market expansion rate is higher. Especially, emerging markets such as the Asia Pacific market will have immense demand for laser scanner technology.


The use of 3D scanners will intensify in the construction, automotive, and defense sector. Furthermore, as 3d scanners have more benefits the investments will rise in the forecast period. The rising investments will lead to technological advancements in the market. Innovation and product variation will attract a wide range of audiences. These growth opportunities will boost the revenue rates of the laser scanner market. 



  • The Market Restraints 


The laser scanner is a complex technology with high-end features. Due to this, the initial cost of this technology is high. It is a major challenge for the laser scanner market in the forecast period. Many industries have a lack of funds to invest in this technology. The medium size enterprises do not have the sources to afford these scanners.


With initial cost, the maintenance, installation, and service cost is a burden to many industries. The key players of the laser scanner market are taking initiatives for cost reductions. However, in the forecast period, the cost is expected to be a major barrier to the adoption of laser scanners. The high cost will hamper the growth of this market. 



  • The Market Challenges 


The 3D laser scanner has many benefits for any industry. The performance and operations of this scanner can increase productivity. In many regions, the use of traditional laser scanners is prevalent. Many industries are resistant to change. Due to this, the adoption of the laser scanner is low.


Furthermore, the new alternatives for traditional scanners are a threat to this market growth. With new alternatives in traditional scanners, the adoption of the laser scanner market will decrease. Further, resistance from the user end will lead to a declining trend in the market. 



  • Cumulative Growth Analysis 


The Laser Scanner Market Size is expanding in the forecast period. There are plenty of factors responsible for consistent market growth. The crucial driver of the laser scanner market such as demand for quality inspection and numerous applications lead to growth. There is both product and software segment of the market witnessing high demand. In the upcoming years, the automotive industry will have an exceptional adoption rate of this technology.


However, the high cost of the technology constricts the adoption of the technology. Also, the alternatives available for traditional scanners can affect the growth of this market. Still, the growth trend is positive with many promising growth possibilities. 



  • Value Chain Analysis 


Asia Pacific region is witnessing the highest growth with Laser Scanner market share. The growth of infrastructure projects is leading to high demand in the Asia Pacific region. Further, the healthcare sector is utilizing laser scanners for sophisticated applications. The investments from these sectors sustain the overall growth of the laser scanner market.


Dental surgeries and operations are possible with the effective use of laser scanners. The emergence of new key players in the market will bring innovation in the forecast period. Also, the demand from the automotive sector offers plenty of growth opportunities in this region. 


Segment Overview 


By Range 



  • Long 

  • Medium 

  • Short 


By Product 



  • Desktop

  • Tripod Mounted

  • HandheldFixed 

  • CMM Based

  • Articulated Arm CMM

  • Bridge CMM Based

  • Portable CMM Based

  • Gantry CMM Based


By Application 



  • Virtual stimulation 

  • Quality control and inspection 

  • Reverse engineering 


By Software 



  • Services 

  • Software 

  • Hardware 


By End-User 



  • Automotive 

  • Tunnel and mining 

  • Healthcare 

  • Energy and power 

  • Construction 

  • Defense and architecture 


By Geography 



  • Europe 

  • America 

  • Asia pacific 

  • Rest of the world 


Competitive Landscape 


The competition in the laser scanner market is gradually rising. The market has had many technological developments in the forecast period. Product variation, expansion, acquisition, and partnerships are key strategies in the competitive landscape. 


Regional Analysis 


The key regions in the laser scanner market are Asia Pacific, Europe, and North America. The fastest-growing region is Asia pacific. However, North America will hold significant laser scanner market shares. The high adoption of scanning devices will lead to exceptional demand in this region.


Also, North America has top laser scanner producers in US and Canada. The construction and infrastructure activities will lead to high growth in Asia pacific. North America will have demand from various verticals. The emerging-market such as Europe will have a high need for laser scanners from the automobile market. All these key contributors will record the highest revenue rates in the forecast period. 


The key players of the laser scanner market are 



  1. Carl Zeiss Optotechnik GmbH 

  2. FARO Technologies 

  3. Riegl Laser Measurement Systems GmbH

  4. Hexagon AB 

  5. 3D Digital Corporation 

  6. Creaform

  7. Topcon Corporation 

  8. Nikon Metrology NV

  9. Trimble Inc


Recent Developments 



  1. The key players of the market are increasing their CAD laser scanner production in the upcoming years. The applications of this machine are suitable in aerospace, defense, automobile, and much more crucial industries. 



  1. The US market is witnessing high demand from the defense sector for laser scanners. The launch of military-specific scanners is happening in this region. 


Market Overview



  1. Market overview highlights 

  2. Analysis based upon COVID 19

  3. Explanation upon the Market Dynamics

  4. Value chain analysis

  5. Market segmentation overview

  6. The regional analysis

  7. Competitive landscape analysis

  8. Recent Developments



Report Scope:

Report Attribute/Metric Details
  Market Size   Significant Value
  CAGR   9%
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Components, Organization Size, Type, Vertical
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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)
  Key Market Opportunities   The rapid advancement in security technologies, adoption of Industry 4.0, stringent security laws and regulations.
  Key Market Drivers   Increasing need for safety and security concerns across various industry verticals.


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Frequently Asked Questions (FAQ) :

Laser scanners are distance measuring devices that measure the distance by measuring the time it takes for laser beams to reflect and reach the source.

The global laser scanner market is expected to exhibit a 9% CAGR over the forecast period till 2023.

The increasing importance of monitoring and inspection in industrial operations is a major driver for the laser scanner market.

North America is the major regional market for laser scanners.

Leading players in the laser scanner market include Keyence Corporation, Omron Corporation, 3D Digital Corp., Rockwell Automation Inc., SICK AG, Steinbichler, and Micro-Epsilon, among others.