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Laser Measuring Instrument Market - By Product Type (Handheld, Indoor, Outdoor), By Application (Construction, Automotive, Manufacturing, Aerospace & Defense, Telecommunication), By End Use (Personal, Commercial, Industrial), Forecast, 2023 - 2032

  • Report ID: GMI5813
  • Published Date: May 2023
  • Report Format: PDF

Laser Measuring Instrument Market Size

Laser measuring instrument market size was valued at over USD 3.5 Billion in 2022 and is anticipated to grow at a CAGR of over 5% between 2023 and 2032. With the rising construction & renovation activities and the increasing use of digital tools for accurate measurement, the demand for laser measure tape will continue to surge. Due to measurement difficulties, laser tape measures are replacing traditional tape measures.
 

Laser measuring instrument market

In every category including speed, accuracy, safety, versatility, convenience, and functionality, laser measure tapes outperform conventional tapes. Laser measure tapes have a compact design, making them convenient to transport, carry in hand, and the ability to easily fit into a pocket. The strengthening distribution networks, increasing online sales, and growing awareness of the advantages of laser measure tapes over conventional ones are expected to drive laser measuring instrument market expansion.
 

A laser measure tape is a digital tool used to measure distance. It sends a pulse of laser light to the target and measures the time taken for the light to reflect, converting the time to distance. Remodelers, carpenters, painters, interior designers, architects, civil workers, and patio builders use laser measure tape to take precise measurements and eliminate guesswork. The laser can be placed on any surface and give accurate measurements. It can precisely measure in any direction.
 

Laser measurement instruments can be expensive, particularly high precision & advanced models. The initial investment required to purchase these instruments can be a significant barrier, especially for smaller businesses & organizations with limited budgets. The high cost of laser measurement instruments may limit their widespread adoption, particularly in price-sensitive markets.
 

COVID-19 Impact

The COVID-19 pandemic had significant adverse effects on the key players in the laser measuring instrument industry in terms of operations, financial conditions, production, and liquidity. The COVID-19 outbreak affected not only the workforce & operations of companies but also customers, distributors, suppliers, and contractors. The COVID-19 pandemic led to significant volatility and uncertainty in the market.
 

Laser Measuring Instrument Market Trends

The global laser measuring instrument industry is expected to grow rapidly as the global automotive industry is expanding in both developed and developing countries. The increased demand for precise measuring equipment and evaluation tools in the semiconductor industry is expected to fuel the global market share. One of the major factors expected to propel market growth over the next few years is the increasing demand for the inspection of defects & cracks in underground pipes and pipelines in the oil & gas and petrochemical industries. The increasing use of laser measuring instruments in the healthcare and manufacturing industries is expected to augment the global demand for laser measurement instruments.
 

Laser Measuring Instrument Market Analysis

Laser Measuring Instrument Market, By Product Type, 2021 - 2032 (USD Billion)

Based on product type, the laser measuring instrument market is divided into handheld, indoor, and outdoor. The handheld segment held a industry share of over 55% in 2022, which is attributed to the increasing demand to reduce noise pollution. These small & portable devices provide convenience and versatility, making them highly desirable in various industries. Handheld laser measurement devices provide quick & accurate results when measuring distances, levels, or angles, eliminating the need for complex setups or additional equipment. The affordability and accessibility of handheld laser measurement instruments have contributed to their wide adoption, augmenting the overall growth of the laser measurement.
              

Based on application, the market is segmented into construction, automotive, manufacturing, aerospace & defense, telecommunication, and others. The construction segment is anticipated to grow at 5% CAGR through 2032. Laser measurement instruments offer extensive capabilities for construction applications, revolutionizing traditional measurement methods. They provide a range of benefits that significantly enhance the construction processes. One key application is in accurate distance measurement, wherein these instruments enable the precise layout and alignment of structures, foundations, and building components. Laser levels and rotary lasers provide highly accurate vertical & horizontal leveling, ensuring precise grading and alignment for construction projects. Laser measurement instruments are utilized for slope measurement, enabling the creation of even slopes and grades.
 

Laser Measuring Instrument Market Shipment Share, By End-Use, (2022)

Based on end use, the laser measuring instrument market is categorized into personal, commercial, and industrial. The industrial segment held a shipment share of around 55% in 2022 and is expected to grow at a lucrative pace by 2032. The industrial sector benefits from laser measurement instruments in various ways. They are utilized in dimensional measurement, where laser scanners and Coordinate Measuring Machines (CMMs) enable precise & automated measurement of components, ensuring adherence to design specifications. Laser trackers are utilized for large-scale dimensional measurements, facilitating accurate alignment, assembly, and quality control processes in manufacturing plants. Lasers are used in industrial safety applications, such as machine guarding and perimeter monitoring, ensuring worker safety. The laser measurement market provides the industrial sector with advanced measurement technology, enhancing efficiency, quality, and safety across various manufacturing & production processes.
 

North America Laser Measuring Instrument Market Size, 2020 - 2032 (USD Million)

North America led the global laser measuring instrument market with over 40% share in 2022. The region is expected to account for a significant share of the global market during the forecast period owing to the industrialization and expansion in the regional oil & gas industry. Manufacturing industries in North America are focused on producing components & parts for laser measuring instruments while reducing time & effort, and with accurate measurements.
 

Laser Measuring Instrument Market Share

Some major players operating in the laser measuring instrument market are

  • Automated Precision Inc (API)
  • DEWALT
  • Fluke Corporation
  • General Tools & Instruments LLC.
  • Geo-Fennel
  • Hammerhead Tools
  • Hilti
  • HIOKI E.E. CORPORATION
  • Johnson Level & Tool Mfg. Co., Inc.
  • KEYENCE CORPORATION
  • Leica Geosystems AG
  • Lomvum Tools Co., Ltd.

These players are focused on strategic partnerships and new product launches & commercialization for market expansion. They are heavily investing in research, allowing them to introduce innovative product types and garner maximum revenue in the market.
 

Laser Measuring Instrument Industry News:

  • In June 2022, Focuslight Technologies Inc. introduced the LX02, a KW VCSEL line beam transmitter module for LiDAR. The laser transmitter employs innovative 5J high-power VCSEL chips and Focuslight's patented beam shaping optics to generate 1kW peak power with 0.15° horizontal divergence and a typical vertical FOV of 23° with high uniformity of 90%. It also has a laser driver built in, which is powered by a GaN FET fast switch and generates ultra-short (width 5ns) pulses.
     
  • In February 2022, EASY-LASER introduced the XT20 and XT22 laser transmitters. They allow simplified handling, resulting in faster measurements and fewer fault sources. They enable more reliable machine installation. Both transmitters can be used to measure flatness and straightness. The XT22 can direct the laser beam at 90 degrees to the laser plane, allowing it to perform almost all geometric measuring tasks. As a result, the application does not measure the flatness of bases. Owing to fiber laser technology, the XT22 has a higher technical specification for straightness and can take measurements at distances of up to 40 m. The XT20 can collect measurements from up to 20 meters away and is also IP55-rated.

The laser measuring instrument market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032, for the following segments:

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By Product Type

  • Handheld
  • Indoor
  • Outdoor

By Application

  • Construction
  • Automotive
  • Manufacturing
  • Aerospace & defense
  • Telecommunication
  • Others

By End Use

  • Personal
  • Commercial
  • Industrial

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Russia
    • Netherlands
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Taiwan 
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • GCC
    • South Africa

 

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Market size for laser measuring instrument was over USD 3.5 billion in 2022 and will witness over 5% CAGR from 2023-2032 driven by the rising construction & renovation activities along with the growing use of digital tools for accurate measurement

The handheld product segment recorded over 55% of the laser measuring instrument industry share in 2022 owing to the increasing need to reduce noise pollution

Laser measuring instrument size from the construction application segment will witness 5% CAGR from 2023-2032 due to the growing capabilities for construction applications and the revolutionizing traditional measurement methods.

North America accounted for over 40% of the laser measuring instrument business share in 2022 on account of the rapid industrialization and expansion of the oil & gas industry in the region

Laser Measuring Instrument Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 20
  • Tables & Figures: 271
  • Countries covered: 17
  • Pages: 290
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