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Handheld Laser Meter Market Trends

Report ID: GMI6707
Published Date: Sep 2023
Report Format: PDF

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Handheld Laser Meter Market Trends

There are several notable trends affecting the growth of handheld laser meters across numerous industries. Enhanced accuracy and measurement capabilities are increasingly becoming common owing to the advancements in laser and sensor technologies. Compact, portable, and ergonomic designs are on the rise, catering to professionals in diverse industries. Some models now incorporate environmental sensors for more comprehensive data collection.

Handheld laser meters are becoming more application-specific with tailored features for industries such as construction and manufacturing. Manufacturers are also working on cost-effective solutions to widen accessibility. Sustainability is a growing concern, which is leading to the development of eco-friendly & energy-efficient models. On the other hand, emerging economies are driving global market expansion, creating new opportunities for handheld laser meter manufacturers. These trends collectively demonstrate the industry's commitment to innovation & adaptation to meet the evolving needs of professionals worldwide.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of handheld laser meter reached USD 4.3 billion in 2022 and is projected to grow at a CAGR of over 5.5% from 2023 to 2032, due to increasing interest in DIY projects and home improvement.

The military end-use segment will cross USD 1.2 billion by 2032, owing to the product’s ability to provide quick and accurate distance measurement data in the field.

North America will account for a sizeable share of the handheld laser meter market by 2032, given the presence of robust real estate and construction sectors in the region.

Fluke, Hexagon AB (Leica Geosystems), Hilti, L. S. Starrett, Makita, Nikon Corporation, Precaster Enterprises, Prexiso, Robert Bosch, Stabila, Stanley Black & Decker, Transact Inc., and Trimble are some of the key players operating in the market.