LONDON--(BUSINESS WIRE)--Technavio, a tech-focused research firm, has published a new report on the global 3D terrestrial laser scanning market, which is expected to grow at a CAGR of more than 16% from 2015-2019.
In accordance with the new market analysis report by Technavio, 3D scanning helps companies develop and manufacture accurate and reliable products without the need for several prototypes. These systems help companies avoid many direct and indirect expenses such as warranty costs, product return costs, and downtime losses.
“Implementing 3D scanning process helps companies reduce the overall product development costs and maintenance expenses in manufacturing units. Thus, the need to reduce product lifecycle expenses will be a major driver of the market growth during the forecast period,” says Faisal Ghaus, Vice President of Technavio.
The latest report by Technavio also emphasizes the use of 3D terrestrial scanning for forest planning, which offers tree level data and allows easy access to data.
“The laser scan data helps in improving harvesting scheduling and its cost effectiveness. Similarly, this data is being used to determine the impacts of treatments on the forest growth, stimulate cross-cutting options, and offer support for cost-effective wood supply,” adds Ghaus.
Technavio currently has more than 3000 market research reports on a huge range of topics, including:
Technavio is a leading global technology research and advisory company.
Founded in 2003, Technavio has about 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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