3D Laser Scanner Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0207296
  • Format: Electronic (PDF)
  • Number of Pages: 209
  • Author(s): Joshi, Madhavi

Report Overview

The 3D Laser Scanner Market size was estimated at USD 1.2 billion in 2023 and is projected to reach USD 3 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 15.00% during the forecast period (2024-2030).

3D Laser Scanner Market

(Market Size)
$1.2 billion
$3 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 15.00%
2023 Market Size USD 1.2 billion
2030 Market Size USD 3 billion
Key Players Faro Technologies, Hexagon, Trimble, Creaform, Zeiss

Market Summary

The 3D laser scanner market is a rapidly evolving segment within the manufacturing and construction industries, driven by the increasing demand for high-precision measurement and modeling technologies. These devices capture precise spatial data by projecting laser lines onto an object's surface and measuring the deformation of these lines to create detailed digital representations. This technology is indispensable for applications requiring accurate as-built documentation, quality control, and reverse engineering. The integration of 3D laser scanning with Building Information Modeling (BIM) processes in construction and for automated inspection in manufacturing lines underscores its critical role in modern industrial operations. The market is characterized by continuous innovation, with leading companies like Faro Technologies, Hexagon AB, and Trimble Inc. developing advanced solutions that offer enhanced portability, speed, and data processing capabilities. The adoption of these systems is fundamentally changing project workflows, enabling faster data acquisition, reducing human error, and improving overall project efficiency and safety.

Key Highlights

The 3D laser scanner market is distinguished by several key technological and application-based highlights. A primary trend is the shift towards mobile and handheld scanning systems, which provide unprecedented flexibility and ease of use for capturing complex environments and objects without the need for multiple static setups. The accuracy and resolution of these scanners have seen remarkable improvements, allowing for sub-millimeter precision that is essential for critical manufacturing tolerances and detailed architectural preservation. The software ecosystem surrounding 3D scanning is equally important, with powerful point cloud processing platforms from companies like Autodesk and Leica Geosystems (part of Hexagon) enabling seamless integration of scan data into CAD and BIM environments. Another significant highlight is the growing use of 3D scanning for digital twin creation, providing a dynamic digital replica of a physical asset for simulation, monitoring, and analysis throughout its entire lifecycle, from design and construction to operation and maintenance.

Drivers, Opportunities & Restraints

The growth of the 3D laser scanner market is propelled by several powerful drivers. In the construction sector, the global mandate for Building Information Modeling (BIM) for public infrastructure projects is a major force, as 3D scanning provides the crucial as-built data required for effective BIM implementation. In manufacturing, the relentless pursuit of quality assurance, supply chain optimization, and the advent of Industry 4.0 practices, which emphasize automation and data exchange, are key drivers. Significant opportunities exist in the expansion of application areas, such as forensic investigation, healthcare for custom prosthetics, and cultural heritage preservation. The market also stands to benefit from the increasing affordability of hardware and the development of cloud-based processing solutions. However, the market faces notable restraints, including the high initial investment for top-tier systems, the requirement for specialized operator training to interpret complex data, and challenges related to processing and managing the enormous file sizes generated by high-resolution scans, which can strain computational resources.

Concentration Insights

The competitive landscape of the 3D laser scanner market is moderately concentrated, with a mix of established multinational corporations and specialized niche players. A handful of key players, including Hexagon AB, Faro Technologies, and Trimble Inc., dominate a significant portion of the market share due to their extensive product portfolios, strong global distribution networks, and robust research and development capabilities. These companies offer end-to-end solutions encompassing hardware, software, and services, catering to a wide array of professional needs. Alongside these giants, there are several other notable competitors such as Creaform (a subsidiary of AMETEK Inc.), Topcon Corporation, and Nikon Metrology NV, which compete on factors like precision, portability, and industry-specific applications. The market also features a segment of companies focusing on innovative, cost-effective solutions, particularly in the handheld scanner category, intensifying competition and driving technological advancements and price competitiveness across the industry.

Type Insights

The 3D laser scanner market is segmented by type, primarily into tripod-mounted, handheld, and aerial or mobile systems, each catering to distinct use cases. Tripod-mounted, or static, laser scanners are renowned for delivering the highest levels of accuracy and are the preferred choice for large-scale architectural surveys, topographic mapping, and detailed industrial metrology where precision is paramount. Handheld 3D scanners offer superior flexibility and are ideal for capturing data from complex geometries, confined spaces, or for reverse engineering smaller objects; companies like Creaform and Shining 3D are prominent in this segment. Mobile scanning systems, which are often mounted on vehicles, drones, or backpacks, are designed for rapid data acquisition over extensive areas, such as highway mapping, urban planning, and large-scale industrial facility management. The choice between these types is a critical decision for professionals, balancing the trade-offs between accuracy requirements, portability needs, project scale, and budget constraints.

Application Insights

In the manufacturing industry, 3D laser scanners are pivotal for quality control and inspection, enabling rapid comparison of manufactured parts against their original CAD models to identify deviations. They are extensively used for reverse engineering obsolete components where original design data is lost, and for guiding robotic arms in automated assembly lines. In construction, the application spectrum is broad, encompassing as-built documentation of existing structures, monitoring construction progress against plans, and conducting structural analysis for renovation projects. The technology is crucial for facilitating clash detection in BIM workflows, ensuring that new MEP (mechanical, electrical, and plumbing) systems integrate seamlessly with existing structures. Beyond these core industries, significant applications are found in media and entertainment for creating digital assets, in healthcare for designing custom-fit medical devices, and in public safety for crime scene investigation and accident reconstruction.

Regional Insights

The adoption and development of 3D laser scanning technology exhibit distinct regional patterns influenced by industrial maturity and regulatory environments. North America and Europe represent mature markets with high penetration rates, driven by stringent manufacturing quality standards, advanced construction practices mandating BIM, and the presence of major market players. The Asia-Pacific region is identified as the fastest-growing market, fueled by massive investments in infrastructure development, urbanization projects, and the rapid expansion of its manufacturing sector, particularly in countries like China, Japan, and South Korea. Government initiatives promoting smart city development and digital construction methodologies are significant growth catalysts in this region. Other regions, including Latin America and the Middle East & Africa, are emerging markets where adoption is gradually increasing, supported by investments in oil & gas, mining, and infrastructure development, though growth is sometimes tempered by economic volatility.

Company Insights

The 3D laser scanner market features a competitive roster of companies that are continuously innovating to maintain and expand their market positions. Hexagon AB, through its subsidiaries Leica Geosystems and Z+F, offers a comprehensive range of high-precision terrestrial and mobile scanning solutions. Faro Technologies is another leader known for its Focus series of laser scanners and its Arm and ScanArm portable measurement solutions widely used in manufacturing. Trimble Inc. provides robust scanning systems integrated with its broader construction technology ecosystem. Creaform, an AMETEK company, is a dominant force in the handheld and portable 3D scanner segment, praised for its ease of use and versatility. Other significant contributors include Topcon Corporation, which emphasizes integration between scanning and positioning systems, and Nikon Metrology, known for its accuracy in industrial metrology applications. These companies compete not only on hardware specifications but also on the strength of their software platforms and global service and support networks.

Recent Developments

The 3D laser scanner market is dynamic, with recent developments focusing on enhancing user experience, data processing speed, and integration capabilities. A prominent trend is the industry-wide push towards automation and AI, with new software features using machine learning to automatically classify objects within point clouds, drastically reducing manual processing time. There has been a significant increase in the development of more compact, lightweight, and wireless handheld scanners that do not compromise on accuracy, making professional-grade scanning more accessible. Major players have been actively engaging in strategic acquisitions to broaden their technological portfolios and expand into new vertical markets. Furthermore, the integration of scanning technology with augmented reality (AR) platforms is an emerging frontier, allowing users to overlay digital scan data onto the physical world in real-time for improved planning, maintenance, and collaboration, representing a significant leap forward in practical application.

Report Segmentation

This market research report on the 3D Laser Scanner Market provides a detailed and structured analysis segmented across multiple dimensions to offer comprehensive insights. The segmentation by type includes tripod-mounted scanners, handheld scanners, and mobile & aerial scanners, analyzing the adoption trends, technological capabilities, and market dynamics for each category. The application segmentation delves deep into its uses within quality control & inspection, reverse engineering, virtual simulation, and other specialized applications across the manufacturing and construction sectors. Furthermore, the report offers a thorough regional analysis, covering North America, Europe, Asia-Pacific, and the Rest of the World, examining regional drivers, key projects, regulatory influences, and competitive landscapes. This multi-faceted segmentation allows stakeholders to pinpoint growth areas, understand specific application demands, and formulate targeted strategies based on type, use case, and geographical market conditions.

FAQs

What is a 3D laser scanner used for?

A 3D laser scanner is used to capture the precise shape and size of physical objects and environments, creating detailed digital 3D models. Its applications are vast, including architectural documentation, construction verification, manufacturing quality control, reverse engineering, and creating assets for virtual reality.

How does a 3D laser scanner work?

A 3D laser scanner works by projecting a laser beam onto a surface and using a sensor to measure the distance to that point by calculating the time it takes for the laser to return or by analyzing the deformation of a laser line. It captures millions of these points, known as a point cloud, to create a highly accurate digital representation.

What is the accuracy of a 3D laser scanner?

The accuracy of a 3D laser scanner varies significantly by model and type. High-end tripod-mounted systems can achieve sub-millimeter accuracy, making them suitable for critical metrology tasks. Handheld and mobile scanners offer slightly lower accuracy but provide greater flexibility and speed, sufficient for a wide range of industrial and construction applications.

What are the different types of 3D scanners?

The primary types of 3D scanners include laser triangulation scanners, structured light scanners, and phase-based or pulse-based laser scanners. In the market, they are commonly categorized by their form factor and mobility into tripod-mounted (static) systems, handheld scanners, and mobile systems mounted on vehicles, drones, or backpacks.

Which industries use 3D scanning?

3D scanning is utilized across a diverse set of industries. Key sectors include manufacturing for design and quality control, construction and architecture for planning and documentation, engineering for analysis, and media & entertainment for visual effects. It is also used in healthcare, forensics, cultural heritage preservation, and law enforcement.

What software is used with 3D scanners?

Specialized software is used to process the raw data from 3D scanners. This includes point cloud processing software like Leica Cyclone, Faro SCENE, and Autodesk ReCap, which clean and register scans. The data is then imported into CAD software (e.g., AutoCAD, SolidWorks) or BIM platforms (e.g., Revit) for modeling, analysis, and integration into project workflows.

Citius Research has developed a research report titled “3D Laser Scanner Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• 3D Laser Scanner Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The 3D Laser Scanner Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

3D Laser Scanner Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

3D Laser Scanner Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of 3D Laser Scanner Market
• Research Methodology
• Executive Summary
• Market Dynamics of 3D Laser Scanner Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of 3D Laser Scanner Market
• Cost and Gross Margin Analysis of 3D Laser Scanner Market
• 3D Laser Scanner Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “3D Laser Scanner Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

3D Laser Scanner Market Key Stakeholders

Below are the key stakeholders for the 3D Laser Scanner Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

3D Laser Scanner Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the 3D Laser Scanner Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the 3D Laser Scanner Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in 3D Laser Scanner Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global 3D Laser Scanner Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global 3D Laser Scanner Market is expected to grow at a CAGR of XX% from 2023 to 2030.
For further details request a free sample copy of this report here.
For further details request a free sample copy of this report here.
For further details request a free sample copy of this report here.
For further details request a free sample copy of this report here.

Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global 3D Laser Scanner Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global 3D Laser Scanner Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global 3D Laser Scanner Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global 3D Laser Scanner Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America 3D Laser Scanner Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America 3D Laser Scanner Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe 3D Laser Scanner Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA 3D Laser Scanner Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific 3D Laser Scanner Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa 3D Laser Scanner Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia 3D Laser Scanner Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

Request a detailed Research Methodology for the market.

Request Customization or Sample Report

To request a sample report or for any inquiry regarding this report, please fill out the form below

Yes, I have read the Privacy Policy.

Related Reports






latest reports