PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1524348
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1524348
Laser Measuring Instrument Market Size - By Product Type (Handheld, Indoor, Outdoor), By Application (Construction, Automotive, Manufacturing, Aerospace & Defense, Telecommunication, Others), By End-use & Forecast, 2024 - 2032
The Laser Measuring Instrument Market size is poised to witness 5% CAGR during 2024-2032, driven by increasing automation across industries. Around 80% of businesses are currently accelerating process automation efforts, with about 50% aiming to automate all repetitive tasks, as reported by KissFlow.Laser measuring instruments play a crucial role in automation trend by providing accurate and reliable measurements without the need for manual intervention. They enhance productivity, streamline processes, and ensure consistency in measurements across various applications in manufacturing, construction, and logistics sectors.
Further, enhanced laser diode technology allows for higher precision in distance measurement and improved performance in challenging environments. The advancements such as miniaturization and power efficiency enhancements are making laser measuring instruments more portable and cost-effective, further fueling their adoption in both industrial and consumer applications.
The laser measuring instrument industry is classified based on product type, application, end-use, and region.
The indoor laser segment will gain traction through 2032, as it allows precise measurements for indoor spaces, facilitating layout planning, renovation projects, and property assessments. Advanced features such as Bluetooth connectivity and digital displays enhance usability and data management, catering to the evolving needs of professionals requiring accurate indoor measurements. As the demand for efficient indoor measurement solutions grows, indoor laser measuring instruments segment will generate revenues for the market.
The aerospace & defense sector will bolster the product demand over 2024 and 2032, as laser measuring instruments play a crucial role in manufacturing aircraft components with high precision and accuracy. From dimensional inspection to alignment and quality assurance, laser measuring instruments ensure adherence to stringent aerospace standards and specifications. The increasing emphasis on lightweight materials and complex geometries further drives the adoption of advanced measurement solutions.
Europe laser measuring instrument market is poised to witness steady growth through 2032, characterized by strong technological infrastructure and a robust manufacturing base. The stringent regulatory environment and focus on precision engineering drive the demand for high-accuracy measurement solutions, including laser measuring instruments. Moreover, ongoing investments in infrastructure development, particularly in construction and renovation projects, are propelling the demand for indoor and outdoor laser measurement applications.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definitions
- 1.2 Base estimates & calculations
- 1.3 Forecast calculations
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis, 2021-2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Factor affecting the value chain
- 3.1.2 Profit margin analysis
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
- 3.2 Technological overview
- 3.3 Key suppliers' analysis
- 3.4 Trade analysis(HS Code-901320)
- 3.4.1 Top import countries
- 3.4.2 Top export countries
- 3.5 Regulatory landscape
- 3.6 Impact forces
- 3.6.1 Growth drivers
- 3.6.1.1 Growing construction industry
- 3.6.1.2 Increasing manufacturing activities
- 3.6.1.3 Growing demand for precision equipment
- 3.6.1.4 Technological advancements
- 3.6.2 Industry pitfalls & challenges
- 3.6.2.1 High initial investment costs
- 3.6.2.2 Highly competitive market structure
- 3.6.1 Growth drivers
- 3.7 Growth potential analysis
- 3.8 Porter's analysis
- 3.9 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Product Type, 2021-2032 (USD Billion) (Million Units)
- 5.1 Key trends
- 5.2 Handheld
- 5.3 Indoor
- 5.4 Outdoor
Chapter 6 Market Estimates & Forecast, By Application, 2021-2032 (USD Billion) (Million Units)
- 6.1 Key trends
- 6.2 Construction
- 6.3 Automotive
- 6.4 Manufacturing
- 6.5 Aerospace & defence
- 6.6 Telecommunication
- 6.7 Others
Chapter 7 Market Estimates & Forecast, By End-Use, 2021-2032 (USD Billion) (Million Units)
- 7.1 Key trends
- 7.2 Personal
- 7.3 Commercial
- 7.4 Industrial
Chapter 8 Market Estimates & Forecast, By Region, 2021-2032 (USD Billion) (Million Units)
- 8.1 Key trends
- 8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Russia
- 8.3.7 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 Australia
- 8.4.6 Rest of Asia Pacific
- 8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Rest of Latin America
- 8.6 MEA
- 8.6.1 South Africa
- 8.6.2 Saudi Arabia
- 8.6.3 UAE
- 8.6.4 Rest of MEA
Chapter 9 Company Profiles
- 9.1 Emerson Electric
- 9.2 Fluke Corporation
- 9.3 Hilti Corporation
- 9.4 Johnson Level & Tool Company
- 9.5 Leica Geosystems
- 9.6 Makita Corporation
- 9.7 RIDGID
- 9.8 Robert Bosch GmBh
- 9.9 Ryobi Limited
- 9.10 Spectra Precision
- 9.11 Stabila
- 9.12 Stanley Black & Decker
- 9.13 Tacklife
- 9.14 Topcon Corporation
- 9.15 Trimble Inc.
