Laser Nadir Plummet Market
PUBLISHED: 2023 ID: SMRC24520
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Laser Nadir Plummet Market

Laser Nadir Plummet Market Forecasts to 2030 - Global Analysis By Type (Rotating Laser Nadir Plummet, High-Precision Laser Nadir Plummet and Other Types), Distribution Channel, Technology, Application, End User and By Geography

4.3 (53 reviews)
4.3 (53 reviews)
Published: 2023 ID: SMRC24520

This report covers the impact of COVID-19 on this global market

Years Covered

2021-2030

CAGR (2023 - 2030)

5.8%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

North America


According to Stratistics MRC, the Global Laser Nadir Plummet Market is growing at a CAGR of 5.8% during the forecast period. A Laser Nadir Plummet (LNP) is a high-precision optical tool used in geodesy and surveying to measure vertical deviations precisely. It is made up of a laser beam that is directed downward from the device to a ground target, which serves as a point of reference for accurate vertical measurements. Since the nadir, or straight-down, orientation of the laser beam guarantees precise alignment with gravity, LNPs are useful instruments in tunneling, construction, and geodetic surveys. 

Market Dynamics: 

Driver: 

Rising demand for geodetic surveys

Accurate mapping, land surveying, and environmental monitoring depend on geodetic surveys, which require precise vertical control points. Due to their ability to provide vertical measurements with millimeter-level accuracy, LNPs are essential to these surveys as they help build reliable benchmarks for geodetic networks. The demand for precise geodetic data has increased due to the global upsurge in urbanization, infrastructural expansion, and environmental conservation initiatives. Additionally, LNPs meet this need by providing an advanced and effective method of measuring vertical deviations, enhancing the general accuracy and dependability of the results of geodetic surveys.

Restraint:

Integration challenges

It might be difficult to integrate LNPs effectively with current software platforms, data processing systems, and surveying equipment. When seeking to integrate LNPs into more comprehensive survey workflows or geospatial information systems, compatibility problems might arise. There may be obstacles in the way of standardizing communication protocols and guaranteeing compatibility with other equipment. Surveyors frequently use integrated solutions; therefore, any challenges in integrating LNPs into these systems could prevent their broad adoption.

Opportunity:

Increasing use in scientific research

Because of their millimeter-level accuracy in vertical measurements, LNPs are essential to many scientific fields. LNPs support research on tectonics, earthquake research, geological surveys, land deformation monitoring, and geological science. Moreover, scientific researchers performing tests and investigations require exact spatial data and will find the equipment beneficial due to its capacity to provide accurate vertical control points.

Threat:

Environmental limitations

Because precise vertical measurements require a direct line of sight to the ground, LNPs are susceptible to adverse conditions and other environmental problems. Conditions like persistent rain, haze, or blurred vision can cause the equipment to malfunction and perhaps interfere with measurements and surveys. However, a drawback in areas where weather patterns are unpredictable is the reliance on clear air conditions. Furthermore, the effectiveness of the device can be impaired in small or restricted areas, which might limit its use in certain settings.

Covid-19 Impact: 

The production and distribution of LNPs were disrupted by the worldwide economic collapse, disruptions in the supply chain, and limitations on travel and business. The need for precise instruments like LNPs was directly impacted by delays or cancellations in infrastructure development, construction projects, and surveying operations. Lower investment across the board limited the amount of funds that might be spent on surveying tools, such as LNPs. Furthermore, the tendency toward detached work brought on by the pandemic affected on-site measurements and field surveys.

The rotating laser nadir plummet segment is expected to be the largest during the forecast period

Rotating Laser Nadir Plummet segment held the largest share of the market because it includes a rotating mechanism that allowed for continuous measurements while the instrument rotates, increasing the LNPs' versatility and efficiency. The rotating LNP streamlines the procedure and increases accuracy in a variety of surveying applications, in contrast to typical LNPs that require human adjustments for various measurement points. Moreover, large-scale building projects, infrastructure development, and geodetic surveys all of which depend heavily on accurate and timely vertical measurements—benefit substantially from this innovation.

The microprocessor control segment is expected to have the highest CAGR during the forecast period

Microprocessor Control segment is expected to hold lucrative growth. Surveying and geodetic applications have been revolutionized by the incorporation of microprocessor control technology into LNPs. With their microprocessor control, these advanced LNPs provide automated functions, real-time data processing, and improved precision. Moreover, because the microprocessor control automates complex computations and guarantees accurate vertical measurements, surveyors benefit from improved productivity and accuracy.

Region with largest share:

Due to an increase in infrastructure development and construction activity, the Asia-Pacific region held the largest share over the projection period. Robust expenditures in transportation infrastructure, smart city initiatives, and urbanization are being witnessed by countries such as China, India, Japan, and South Korea, which is boosting demand for accurate surveying devices. Moreover, the region's increasing focus on technological innovation and digitalization in areas like environmental monitoring and telecommunications also contributes to the development of LNPs.

Region with highest CAGR:

The construction and infrastructure development industries in North America, especially in the United States and Canada, are expected to grow profitably, which will lead to an increased demand for accurate surveying tools like LNPs. Large-scale project investments, such as those in renewable energy installations, residential and commercial buildings, and transportation infrastructure, are supporting the market. Additionally, due to the increasing trend of precise surveying tools being included in engineering and construction workflows, as well as the use of novel technologies.

Key players in the market

Some of the key players in Laser Nadir Plummet market include Beijing UniStrong Science & Technology Co., Ltd, CHC Navigation, ComNav Technology Ltd, Geneq Inc, Hexagon AB, Hi-Target Surveying Instrument Co., Ltd, NAVCOM Technology, Inc, Nikon Corporation, North Surveying (Beijing) Instrument Co., Ltd, Ricoh Company, Ltd, Robert Bosch Tool Corporation, Ruide Surveying Instrument Co., Ltd, Sokkia Corporation, Suzhou FOIF Co., Ltd and Topcon Corporation.

Key Developments:

In July 2023, Sweden’s Hexagon acquires Canadian mine automation company HARD-LINE. Hexagon expects the acquisition to strengthen its mining automation and safety solutions.

In May 2023, Nikon releases the Z 8 full-frame mirrorless camera. The functionality and performance of Nikon's flagship mirrorless camera, condensed into an agile body. The Z 8 condenses the advanced functionality and performance of the flagship Nikon Z 9 into a compact and lightweight body while also maintaining superior robustness and reliability.

In May 2023, Nikon Releases New NSR-S625E ArF immersion scanner. The NSR-S625E, with the highest productivity in the history of Nikon’s lithography systems thanks to its enhanced throughput and operational stability, will contribute to efficient production of various semiconductor devices.

Types Covered:
• Rotating Laser Nadir Plummet
• High-Precision Laser Nadir Plummet
• Fixed Laser Nadir Plummet
• Wireless Laser Nadir Plummet
• Integrated Laser Nadir Plummet Systems
• Compact Laser Nadir Plummet
• Other Types 

Distribution Channels Covered:
• Direct Sales
• Distributors and Resellers
• Retailers
• Online Platforms
• Other Distribution Channels

Technologies Covered:
• Laser Technology
• Microprocessor Control
• High-Resolution Imaging Systems
• Advanced Signal Processing
• Other Technologies

Applications Covered:
• Geodetic Surveys
• Construction Site Monitoring
• Civil Engineering Projects
• Environmental Monitoring
• Infrastructure Monitoring
• Other Applications

End Users Covered:
• Oil and Gas Industry
• Transportation and Logistics Industry
• Mining and Quarrying Industry
• Government and Municipal Authorities
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary      
       
2 Preface      
 2.1 Abstract     
 2.2 Stake Holders     
 2.3 Research Scope     
 2.4 Research Methodology     
  2.4.1 Data Mining    
  2.4.2 Data Analysis    
  2.4.3 Data Validation    
  2.4.4 Research Approach    
 2.5 Research Sources     
  2.5.1 Primary Research Sources    
  2.5.2 Secondary Research Sources    
  2.5.3 Assumptions    
       
3 Market Trend Analysis      
 3.1 Introduction     
 3.2 Drivers     
 3.3 Restraints     
 3.4 Opportunities     
 3.5 Threats     
 3.6 Technology Analysis     
 3.7 Application Analysis     
 3.8 End User Analysis     
 3.9 Emerging Markets     
 3.10 Impact of Covid-19     
       
4 Porters Five Force Analysis      
 4.1 Bargaining power of suppliers     
 4.2 Bargaining power of buyers     
 4.3 Threat of substitutes     
 4.4 Threat of new entrants     
 4.5 Competitive rivalry     
       
5 Global Laser Nadir Plummet Market, By Type      
 5.1 Introduction     
 5.2 Rotating Laser Nadir Plummet     
  5.2.1 Single-Axis Rotating Laser Nadir Plummet    
  5.2.2 Dual-Axis Rotating Laser Nadir Plummet    
  5.2.3 Long-Range Rotating Laser Nadir Plummet    
  5.2.4 Battery-Powered Rotating Laser Nadir Plummet    
  5.2.5 Other Rotating Laser Nadir Plummets    
 5.3 High-Precision Laser Nadir Plummet     
  5.3.1 Sub-Millimeter Accuracy Laser Nadir Plummet    
  5.3.2 Multi-Frequency Lasers    
  5.3.3 Other High-Precision Laser Nadir Plummets    
 5.4 Fixed Laser Nadir Plummet     
 5.5 Wireless Laser Nadir Plummet     
 5.6 Integrated Laser Nadir Plummet Systems     
 5.7 Compact Laser Nadir Plummet     
 5.8 Other Types     
       
6 Global Laser Nadir Plummet Market, By Distribution Channel      
 6.1 Introduction     
 6.2 Direct Sales     
 6.3 Distributors and Resellers     
 6.4 Retailers     
 6.5 Online Platforms     
 6.6 Other Distribution Channels     
       
7 Global Laser Nadir Plummet Market, By Technology      
 7.1 Introduction     
 7.2 Laser Technology     
 7.3 Microprocessor Control     
 7.4 High-Resolution Imaging Systems     
 7.5 Advanced Signal Processing     
 7.6 Other Technologies     
       
8 Global Laser Nadir Plummet Market, By Application      
 8.1 Introduction     
 8.2 Geodetic Surveys     
 8.3 Construction Site Monitoring     
 8.4 Civil Engineering Projects     
 8.5 Environmental Monitoring     
 8.6 Infrastructure Monitoring     
 8.7 Other Applications     
       
9 Global Laser Nadir Plummet Market, By End User      
 9.1 Introduction     
 9.2 Oil and Gas Industry     
 9.3 Transportation and Logistics Industry     
 9.4 Mining and Quarrying Industry     
 9.5 Government and Municipal Authorities     
 9.6 Other End Users     
       
10 Global Laser Nadir Plummet Market, By Geography      
 10.1 Introduction     
 10.2 North America     
  10.2.1 US    
  10.2.2 Canada    
  10.2.3 Mexico    
 10.3 Europe     
  10.3.1 Germany    
  10.3.2 UK    
  10.3.3 Italy    
  10.3.4 France    
  10.3.5 Spain    
  10.3.6 Rest of Europe    
 10.4 Asia Pacific     
  10.4.1 Japan    
  10.4.2 China    
  10.4.3 India    
  10.4.4 Australia    
  10.4.5 New Zealand    
  10.4.6 South Korea    
  10.4.7 Rest of Asia Pacific    
 10.5 South America     
  10.5.1 Argentina    
  10.5.2 Brazil    
  10.5.3 Chile    
  10.5.4 Rest of South America    
 10.6 Middle East & Africa     
  10.6.1 Saudi Arabia    
  10.6.2 UAE    
  10.6.3 Qatar    
  10.6.4 South Africa    
  10.6.5 Rest of Middle East & Africa    
       
11 Key Developments      
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures     
 11.2 Acquisitions & Mergers     
 11.3 New Product Launch     
 11.4 Expansions     
 11.5 Other Key Strategies     
       
12 Company Profiling      
 12.1 Beijing UniStrong Science & Technology Co., Ltd     
 12.2 CHC Navigation     
 12.3 ComNav Technology Ltd     
 12.4 Geneq Inc     
 12.5 Hexagon AB     
 12.6 Hi-Target Surveying Instrument Co., Ltd     
 12.7 NAVCOM Technology, Inc     
 12.8 Nikon Corporation     
 12.9 North Surveying (Beijing) Instrument Co., Ltd     
 12.10 Ricoh Company, Ltd     
 12.11 Robert Bosch Tool Corporation     
 12.12 Ruide Surveying Instrument Co., Ltd     
 12.13 Sokkia Corporation     
 12.14 Suzhou FOIF Co., Ltd     
 12.15 Topcon Corporation     
       
List of Tables       
1 Global Laser Nadir Plummet Market Outlook, By Region (2021-2030) ($MN)      
2 Global Laser Nadir Plummet Market Outlook, By Type (2021-2030) ($MN)      
3 Global Laser Nadir Plummet Market Outlook, By Rotating Laser Nadir Plummet (2021-2030) ($MN)      
4 Global Laser Nadir Plummet Market Outlook, By Single-Axis Rotating Laser Nadir Plummet (2021-2030) ($MN)      
5 Global Laser Nadir Plummet Market Outlook, By Dual-Axis Rotating Laser Nadir Plummet (2021-2030) ($MN)      
6 Global Laser Nadir Plummet Market Outlook, By Long-Range Rotating Laser Nadir Plummet (2021-2030) ($MN)      
7 Global Laser Nadir Plummet Market Outlook, By Battery-Powered Rotating Laser Nadir Plummet (2021-2030) ($MN)      
8 Global Laser Nadir Plummet Market Outlook, By Other Rotating Laser Nadir Plummets (2021-2030) ($MN)      
9 Global Laser Nadir Plummet Market Outlook, By High-Precision Laser Nadir Plummet (2021-2030) ($MN)      
10 Global Laser Nadir Plummet Market Outlook, By Sub-Millimeter Accuracy Laser Nadir Plummet (2021-2030) ($MN)      
11 Global Laser Nadir Plummet Market Outlook, By Multi-Frequency Lasers (2021-2030) ($MN)      
12 Global Laser Nadir Plummet Market Outlook, By Other High-Precision Laser Nadir Plummets (2021-2030) ($MN)      
13 Global Laser Nadir Plummet Market Outlook, By Fixed Laser Nadir Plummet (2021-2030) ($MN)      
14 Global Laser Nadir Plummet Market Outlook, By Wireless Laser Nadir Plummet (2021-2030) ($MN)      
15 Global Laser Nadir Plummet Market Outlook, By Integrated Laser Nadir Plummet Systems (2021-2030) ($MN)      
16 Global Laser Nadir Plummet Market Outlook, By Compact Laser Nadir Plummet (2021-2030) ($MN)      
17 Global Laser Nadir Plummet Market Outlook, By Other Types (2021-2030) ($MN)      
18 Global Laser Nadir Plummet Market Outlook, By Distribution Channel (2021-2030) ($MN)      
19 Global Laser Nadir Plummet Market Outlook, By Direct Sales (2021-2030) ($MN)      
20 Global Laser Nadir Plummet Market Outlook, By Distributors and Resellers (2021-2030) ($MN)      
21 Global Laser Nadir Plummet Market Outlook, By Retailers (2021-2030) ($MN)      
22 Global Laser Nadir Plummet Market Outlook, By Online Platforms (2021-2030) ($MN)      
23 Global Laser Nadir Plummet Market Outlook, By Other Distribution Channels (2021-2030) ($MN)      
24 Global Laser Nadir Plummet Market Outlook, By Technology (2021-2030) ($MN)      
25 Global Laser Nadir Plummet Market Outlook, By Laser Technology (2021-2030) ($MN)      
26 Global Laser Nadir Plummet Market Outlook, By Microprocessor Control (2021-2030) ($MN)      
27 Global Laser Nadir Plummet Market Outlook, By High-Resolution Imaging Systems (2021-2030) ($MN)      
28 Global Laser Nadir Plummet Market Outlook, By Advanced Signal Processing (2021-2030) ($MN)      
29 Global Laser Nadir Plummet Market Outlook, By Other Technologies (2021-2030) ($MN)      
30 Global Laser Nadir Plummet Market Outlook, By Application (2021-2030) ($MN)      
31 Global Laser Nadir Plummet Market Outlook, By Geodetic Surveys (2021-2030) ($MN)      
32 Global Laser Nadir Plummet Market Outlook, By Construction Site Monitoring (2021-2030) ($MN)      
33 Global Laser Nadir Plummet Market Outlook, By Civil Engineering Projects (2021-2030) ($MN)      
34 Global Laser Nadir Plummet Market Outlook, By Environmental Monitoring (2021-2030) ($MN)      
35 Global Laser Nadir Plummet Market Outlook, By Infrastructure Monitoring (2021-2030) ($MN)      
36 Global Laser Nadir Plummet Market Outlook, By Other Applications (2021-2030) ($MN)      
37 Global Laser Nadir Plummet Market Outlook, By End User (2021-2030) ($MN)      
38 Global Laser Nadir Plummet Market Outlook, By Oil and Gas Industry (2021-2030) ($MN)      
39 Global Laser Nadir Plummet Market Outlook, By Transportation and Logistics Industry (2021-2030) ($MN)      
40 Global Laser Nadir Plummet Market Outlook, By Mining and Quarrying Industry (2021-2030) ($MN)      
41 Global Laser Nadir Plummet Market Outlook, By Government and Municipal Authorities (2021-2030) ($MN)      
42 Global Laser Nadir Plummet Market Outlook, By Other End Users (2021-2030) ($MN)      
       
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.        

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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