The laser distance meter has laser ray to track the dimension of the object. The laser distance meter are mostly used to simplify the task of dimension and thus saves considerable time. Moreover, laser distance meter helps to take measurement at several angles with better accuracy of up to +/- 1 mm. the laser distance meters are progressively used in numerous applications containing, finding the length of electrical cabling and furniture, interior designing and carpet flooring. Furthermore, laser distance meters are used abundantly by many solar energy system providers for the purpose of board maintenance and installation. In the past few years, the laser distance meter has seen a lot of advancements and innovation in terms of accuracy, weight, and size.
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There are some laser distance meter such as Leica S910, Bosch GLR 825, and Fluke 424 which are fitted with extra specifications such as angle measurement, Pythagoras function, and 4x camera zoom facilities. Thus, the market of laser distance meter is expected to witness moderate growth during the forecast period owing to the increasing use of laser distance meter in a construction industry for fast and precise determination of floor dimensions.
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Laser Distance Meter Market: Dynamics
The manufacturers of the laser distance meter are focusing on designing and developing the advance laser distance meter with improved capacity, high quality display, improved resistance, and dropping tests. These parameters are fuelling the growth of laser distance meter market across various regions during forecast period at significant CAGR.
- In February 2019, Nikon Vision Co., Ltd., one of the prominent manufacturer of laser distance meter launched MONARCH 2000 laser distance meter with a long distance measurement capability of a distance of 1,820 meters. This laser meter has various innovative and advance features, such as an automatic display brightness modification function and red OLED internal display.
- In February 2018, Hexagon AB (Leica Geosystems), key manufacturer of laser distance meter has lunched Leica DISTO X3 and X4 handheld laser distance meter specially designed for the construction industry. It is dust- and water-protected and it can withstand drop trials from a height of 2 meters.
With the launch of the technologically and revolutionary advanced laser distance meters, the key players are aiming to consolidate a robust position in the laser distance meter market during forecast period.
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Laser Distance Meter Market: Competition Landscape
Some of the prominent players of laser distance meter market are Nikon Vision Co., Ltd., Hilti, Inc., Fluke Corporation, Makita U.S.A., Inc., Prexiso AG, Precaster Enterprises Co., Ltd., Hexagon AB (Leica Geosystems), STABILA Measuring Instruments Gustav Ullrich GmbH, Trimble, Inc., Stanley Black & Decker Inc., and The L.S. Starrett Company Ltd.