In terms of revenue, the global Handheld Laser Distance Meter market is projected to expand at a CAGR of 2.3% during the forecast period, owing to numerous factors, about which FMR offers thorough insights and forecasts in this report. Growth of the handheld laser distance meter market continues to be influenced by augmented adoption across various industrial ecosystems, both across developed as well as developing regions. Increasing demand for instant, yet accurate distance measurements is one of the key aspects driving sales of handheld laser distance meters. Laser distance meter demand in China and SEA (South East Asia) Pacific will benefit from the exponential surge in infrastructure development initiatives. A multitude of factors, ranging from increase in building & construction activities, to revival of metal & mining activities, is propelling the adoption of handheld laser distance meters.
Laser distance meters of ’30-100’ range are likely to witness heightened adoption over the small- and large-sized variants. Overall, the handheld laser market is likely to witness steady growth, however, tapping into the emerging opportunities with distinguishable and holistic offerings is foreseen to be the key to consolidation in the global market space.
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Performance Attributes of Handheld Laser Distance Meter Compliment Adoption in Building and Construction
The demand for handheld laser distance meter in the building and construction industry is significantly taking off, on account of multipronged benefits in terms of accuracy, speed, and functionality. Unlike traditional distance measurement devices, handheld laser distance meter offers a choice of units, so that there is no scope for misreading, which makes it an ideal choice for construction applications requiring high precision. Building and construction industry is actively seeking technologies that facilitate faster operations, creating favorable circumstances for large-scale adoption of handheld laser distance meter.
Laser distance meter, with superior backlit display and powerful laser dot, finds extensive use in applications amid poor lighting conditions. In addition to this, exceptional safety, coupled with minimum repositioning requirements is also complementing the soaring popularity of handheld laser distance meter in the building and construction space, making it a viable investment over traditional measurement tools. Moreover, a laser distance meter also enables calculations of area and volume, which is an additional advantage fueling its adoption.
Portability & Maneuverability – Key Developmental Focus Areas
Inclination toward compact and portable devices continues to remain palpable across end-use industries, on account of increasing clamor for flexibility. The evident shift of end-users toward portability and maneuverability is creating favorable circumstances for adoption of handheld measurement devices, including laser distance meter.
With portable measurement devices gaining immense traction as compared to their stationary counterparts, various standards specific to power optimization are being meticulously analyzed by the manufacturers of laser distance meters. Companies offering laser distance meters are focusing on minimization of power requirements and integration of power management solutions, such as advanced silicon technologies, which enable the device to offer stable and reliable performance.
Miniaturization – A Trend for Economic Devices with Optimal Performance
Keeping up-to-date with evolving trends will continue to remain the key focus of laser distance meter manufacturers. Miniaturization remains one of such prevalent trends that is gaining momentum in the manufacturing framework of handheld laser distance meters, for developing small and economic devices with optimal performance.
In applications where deployment of multiple devices in proximity with minimum mutual interference is required, miniature laser distance meters are becoming sought-after. Moreover, end-user demand for highly-reliable devices that can withstand harsh industrial environments is on a consistent rise, which is fueling investments in miniature laser distance meters with compact metal housing.
Meeting Performance Requirements via Value Engineering- A Chief Focus for Manufacturers
Sensing evolving shifts in end-user specifications, laser distance meter manufacturers will continue to focus on diligent products designs with ameliorated performance. Manufacturers are competing in terms of offering devices that are compatible with diverse user scenarios and power consumptions to strengthen their sustenance in the market.
Meeting performance demands along with other requirements, such as extended durability, remains a key area of concern for manufacturers of laser distance meters. However, extensive focus on value engineering is enabling the market players to keep up with the surging demand for enhanced performance and functionality. Manufacturers are working closely with design teams to develop differentiated products with access to advanced design abilities, which in turn will enable them to gain substantial advantages amid intense competitive scenario.
Various end-use industries across leading economies in North America, notably the U.S., are adopting digital transformation to stay competitive. This in turn is likely to create sustained opportunities for the manufacturers of smart measurement devices, such as handheld laser distance meters. Major economies in Latin American, including Brazil., Chile, Argentina, Mexico, and Colombia, are set for a robust GDP growth in 2019 up from a subdued 2018, which is foreseen to create untapped potential for adoption of advanced measurement devices across various industries. Stimulated by colossal growth in the nation’s economy over the past 30 years, China has been undertaking enormous number of projects in multiple industrial sectors that have, in turn, become the foundation of the modern urban environment of this country. However, the laser distance meter market in Europe is likely to remain influenced by safety regulations introduced by the European Union (EU), which restrict the use of ‘Class 3B’, ‘Class 3R’, and ‘Class 4’ lasers. The ASEAN member states (Indonesia, Malaysia, Singapore, Brunei, Thailand, and Philippines) are forging ahead with proactive initiatives for industrial development, with an aim of sustaining economic growth. Particulars as such provide enough credence to the promising outlook for laser distance market in the Sea Pacific region.
The manufacturers operating in the global Handheld Laser Distance Meter market include:
- Fluke Corporation
- Hexagon AB (Leica Geosystems)
- Hilti, Inc.
- Makita U.S.A., Inc.
- Precaster Enterprises Co., Ltd.
- Prexiso AG
- Robert Bosch GmbH (Robert Bosch Tool)
- STABILA Measuring Instruments Gustav Ullrich GmbH
- Stanley Black & Decker, Inc.
- Trimble, Inc.
- The L.S. Starrett Company Ltd.
Mohit Loshali, an experienced campaigner, writes about the latest evolutions and trends in the automotive and allied domains. He has helped clients from across the globe with his thought-provoking research and analysis.