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3D laser scanning market to double by 2015

US: The 3D Laser Scanning market including hardware, software and services will grow with a compound annual growth rate (CAGR) of 15.4 percent according to a new ARC Advisory Group study. In addition, the report forecasted that the market will be double in size by 2015.
3D laser scanning equipment senses the shape of an object and collects data for the location of the outer surface. This distinct technology has found applications in many industries including discrete and process manufacturing, utilities, construction, archaeology, law enforcement, government and entertainment. 
Ralph Rio, Research Director and the principal author of ARC’s “3D Laser Scanning Worldwide Outlook”, said, “3D laser scanning is an exceptionally dynamic market. Technology advances in the areas of workflow, software, and ease-of-use are rapidly expanding the applications for it. One example is the increase in computational horsepower and memory size with 64-bit computing which supports using a massive point cloud rather than smaller segments. This is just one of many areas providing a huge improvement in productivity and lower overall project cost.”
According to ARC Advisory Group’s press statement, a 3D laser scanning project involves several areas of cost which correspond to the phases of a surveying or metrology project. The costs include the scanning equipment, labor to execute the scan and post processing. Improvements in software and workflow processing have significantly reduced the labor costs, particularly for post processing. As the total project cost decline, more projects move above the line for justification and execution. Just like economics 101 — as costs decline, volume increases. The increased volume drives the purchase of additional scanning hardware and software which contributes to a growing market.
There are three market sub-segments based on range (distance) for the laser scan. The segment for short range equipment and software is experiencing both rapid technological innovation and revenue growth. In the medium range sub-segment, the hardware is more stable with software providing increasing value-added business benefits. The long range sub-segment has some very interesting application areas, but has relatively expensive equipment. 
Source: ARC