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Press Release

Mar, 22 2024  

Growing Demand for 3D Modelling, Mapping and Surveying Technologies in Various Industries is driving the growth of the Singapore Terrestrial Laser Scanning Market

Singapore terrestrial laser scanning market encompasses the demand for terrestrial laser scanning (TLS) services and solutions within Singapore's geographic boundaries. It includes the provision of TLS equipment, software, and related services such as data acquisition, processing, and analysis. Target industries primarily consist of urban planning, construction, infrastructure development, and environmental monitoring. Key players in the market offer a range of TLS solutions tailored to various applications, including building information modeling (BIM), asset management, and land surveying. The market's scope extends to both public and private sector clients seeking precise and efficient spatial data capture solutions. It is characterized by technological advancements driving the adoption of TLS for enhanced accuracy, speed, and cost-effectiveness in geospatial data collection and analysis.

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Data Bridge Market Research analyzes that Singapore Terrestrial Laser Scanning Market is expected to reach USD 75,934.39 thousand by 2031 from USD 51,832.65 thousand in 2023, growing at a CAGR of 5.1% during the forecast period of 2024 to 2031.

Key Findings of the Study

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Rising Demand for Terrestrial Laser Scanning in the Construction and Infrastructure Activities

The adoption of Terrestrial Laser Scanning (TLS) in Singapore's construction and infrastructure sectors has surged in recent years, primarily due to its ability to enhance project efficiency, accuracy, and safety. TLS technology allows for the rapid capture of detailed 3D data of terrain, structures, and environments, enabling precise measurements and comprehensive documentation. TLS is instrumental in streamlining processes such as site planning, monitoring construction progress, and conducting as-built surveys in the construction industry. Its ability to detect deviations from design plans with high accuracy helps in minimizing errors and reducing costly rework, thereby driving productivity and cost-effectiveness.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Thousand

Segments Covered

Range Type (Mid-Range, Long Range, and Short Range), Offering (Hardware, Services, and Software), Type (Pulse Based Scanner, Phase Based Scanner, Optical Triangulation Scanner, and Mobile Based Scanner), Product (Static Terrestrial Laser Scanning and Dynamic Terrestrial Laser Scanning), Application (Architecture & Bim, Civil Engineering, Surveying, Research & Engineering, Forensics, and Others), End User (Infrastructure, Oil & Gas, Transportation & Logistics, Power & Energy, Mining, Forestry & Agriculture, Education, and Others)

Country Covered

Singapore

Market Players Covered

Leica Geosystems AG (Switzerland), Fugro (Netherlands), FARO Technologies, Inc. (U.S.), Carl Zeiss AG (Germany), CyberOptics Corporation (U.S.), Shonan Design (Singapore), Teledyne Geospatial (U.S.), CREAFORM (Canada), Zener Maritime Solutions (India), Trimble Inc. (U.S.), Intertek Group plc (U.K.), Aries Marine (U.A.E.), Artec Europe (Luxembourg), and RIEGL Laser Measurement Systems GmbH (Austria) among others

Data Points Covered in the Report

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand

Segment Analysis

Singapore terrestrial laser scanning market is segmented into six notable segments which are based on range type, offering, type, product, application, and end user.

  • On the basis of range type, the Singapore terrestrial laser scanning market is segmented into mid-range, long range, and short range

In 2024, the mid-range segment is expected to dominate the Singapore Terrestrial Laser Scanning Market

In 2024, the mid-range segment is expected to dominate the market with 48.99% market share due to its balance of performance and cost-effectiveness.

  • On the basis of offering, the Singapore terrestrial laser scanning market is segmented into hardware, services, and software. In 2024, the hardware segment is expected to dominate the market with 56.79% market share
  • On the basis of type, the Singapore terrestrial laser scanning market is segmented into pulse based scanner, phase based scanner, optical triangulation scanner, and mobile based scanner. In 2024, the pulse based scanner segment is expected to dominate the market with 55.72% market share
  • On the basis of product, the Singapore terrestrial laser scanning market is segmented into static terrestrial laser scanning and dynamic terrestrial laser scanning

In 2024, the static terrestrial laser scanning segment is expected to dominate the Singapore Terrestrial Laser Scanning Market

In 2024, the static terrestrial laser scanning segment is expected to dominate the market with 62.55% market share due to its precise and detailed data capture capabilities.

  • On the basis of application, the Singapore terrestrial laser scanning market is segmented into architecture & BIM, civil engineering, surveying, research & engineering, forensics, and others. In 2024, the architecture & BIM segment is expected to dominate the market with 31.70% market share
  • On the basis of end user, the Singapore terrestrial laser scanning market is segmented into infrastructure, oil & gas, transportation & logistics, power & energy, mining, forestry & agriculture, education, and others. In 2024, the infrastructure segment is expected to dominate the market with 42.84% market share

Major Players

Data Bridge Market Research analyzes Leica Geosystems AG (Switzerland), Fugro (Netherlands), FARO (U.S.), Carl Zeiss AG (Germany), and CyberOptics (U.S.) as the major players operating in the Singapore terrestrial laser scanning market.

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Market Development

  • In February 2024, Leica Geosystems AG - Part of Hexagon and John Deere joined forces to introduce SmartGrade with Leica technology, revolutionizing the construction sector. This partnership combines John Deere's robust equipment with Leica Geosystems' advanced positioning solutions, enhancing productivity and safety on job sites worldwide. By integrating cutting-edge technology, the partnership aims to streamline operations and empower construction professionals with efficient, precise, and sustainable workflows
  • In February 2024, Fugro pioneering 2D ultra-ultra-high resolution (UUHR) surveys earned them the geophysical survey contract for the Dutch Doordewind offshore wind farm zone, part of the Netherlands' Offshore Wind Energy Roadmap 2030. Their innovative technology, deployed via the Fugro Pioneer vessel, provides unparalleled data quality, aiding in precise ground modeling and geotechnical planning. This success underscores Fugro's commitment to supporting Singapore energy transitions and strengthens its position in the offshore market
  • In January 2024, FARO collaborated with RFK Racing, an eight-time NASCAR champion, to establish the FARO technology center. This collaboration equips RFK with cutting-edge 3D metrology hardware and software for meticulous part inspection, enhancing performance and compliance with NASCAR regulations. The collaboration underscores FARO's commitment to excellence and innovation in racing, facilitating faster insights and superior car production for a competitive edge
  • In February 2023, CARL ZEISS AG recently unveiled the T-SCAN hawk 2, a cutting-edge handheld 3D laser scanner boasting metrology-grade precision and user-friendly design. With its innovative satellite mode for extended range scanning, intuitive interface, and seamless transition between tasks, it caters to diverse industries. Paired with GOM Inspect software, it enhances inspection capabilities, positioning ZEISS as a leader in portable metrology solutions, empowering users across industrial sectors
  • In March 2020, CyberOptics introduced Multi-Reflection Suppression (MRS)-enabled 3D MX3000 Final Vision Inspection (FVI) system for memory modules to extend its inspection capabilities from 2D to 3D. With dual high-resolution MRS sensors, the 3D MX3000 system offers precise dual-sided inspection, effectively doubling productivity. This innovation boosts CyberOptics' competitiveness through enhanced inspection solutions, driving customer satisfaction and profitability

As per Data Bridge Market Research analysis: 

For more detailed information about Singapore Terrestrial Laser Scanning Market report, click here – //baronmoving.com/reports/singapore-terrestrial-laser-scanning-market


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