Hybrid Fibre Coaxial Market Growth, Global Foresight, Key Growth Drivers, Challenges, Demand and Upcoming Trends | COVID-19 Effects



Market Analysis

Market Research Future (MRFR) presumes the global laser scanner market to grow at a CAGR of 9% from 2018 to 2023 (forecast period).

A laser scanner is optoelectronic equipment that emits a laser beam that strikes a place or object and is reflected. The device captures the reflected beam. The time required to complete the cycle of emitting and re-capturing the beam can be used to calculate the distance between the laser scanner and the site/object. This product is extremely useful in preventing any potentially hazardous events in industrial or construction settings. These are also used for inspection and monitoring. The advantages of using these laser scanners are their ease of use and simple designs. These devices are less sensitive to changing light conditions and ambient light and can scan objects with glossy or dark finishes with pinpoint accuracy. One of the most notable features for greater adoption of these devices is their portability.

COVID-19 Impact on the Global Laser Scanner Market

The introduction of a variety of regulations by governments worldwide to deal with the COVID-19 disaster is expected to affect the growth of the global hybrid fibre coaxial industry.

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Market Segmentation

The laser scanner market size can expand substantially over the coming years, as per the research done by MRFR. The report provides an exhaustive evaluation of the market, and takes into account the primary segments like components, organization size, type and vertical to offer a better understanding to the reader.

The primary components discussed in the report are services and products. The types of services are Consulting Service; Maintenance and Support Services and Integration and Deployment Services.

The organization size-based hybrid fibre coaxial industry segments are large enterprise as well as small and medium sized enterprises. Large enterprises have gained a higher share in the market since they have the financial capabilities to enhance their operations and also adopt the latest technologies. By the end of the forecast period, large enterprises are expected to maintain their lead in the global market at a high growth rate.

The types of laser scanners are stationary and mobile.

The verticals in the market are food, beverages and consumer goods; automotive; pharmaceutical and healthcare; building and construction, government and defense; and others.

Regional Analysis

The market for laser scanner is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of laser scanner market growth is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America).

North America holds the largest market share and is expected to continue this dominance during the forecast period. Further to this, Europe closely following North America in terms of revenue generation considering Europe to be an advanced region in terms of technology and its adoption. The technologically advanced countries in Europe and North America are using this technology for more than a decade while the APAC region has started adoption of this technology on a large scale. The safety regulations and laws in the developed and developing countries are one of the major driving factors. These laws are very stringent to reduce the casualities and fatalities, and depict concerns for the workers at workplaces  The other important factor which contributes to the development of this market in developed countries is the adoption of Industry 4.0 which has lead to increased automation.

Key Players

Notable players in the laser scanner market are recognized across all the major regions based on their country of origin, presence across various regions, recent significant developments, product diversification, and industry expertise. Some of them are—Omron Corporation (Japan), Rockwell Automation, Inc. (US), 3D Digital Corp. (US), Keyence Corporation (US), Faro Technologies (US), Maptek (US), Panasonic Corporation (Japan), Pepperl+Fuchs GmbH (Germany), SICK AG (Germany), Leuze electronic GmbH + Co. KG (Germany), Steinbichler (Germany), Trimble (US), Aniwaa (Singapore), Micro-Epsilon (India) and Laser Scanning (UK). The majority of these organizations are based in North America and Europe, and Japan.

Summary

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

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About Market Research Future:

Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.

Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.

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