Global Laser Distance Meter Market 2018-2022 | Growth of the Flooring Industry to Boost Demand | Technavio

LONDON–(BUSINESS WIRE)–lt;a href=”” target=”_blank”gt;#EmbeddedSystemslt;/agt;–Technavio
analysts forecast the global laser distance meter market to grow at a
CAGR of nearly 2% during the forecast period, according to their
latest market research report.

The integration of laser measurement capability with smartphones is one
of the major trends being witnessed in the global
laser distance meter market 2018-2022
. Over the past few years,
the global laser distance meter market has witnessed constant
technological upgrades, which have helped in driving the market.
Additionally, there has been an increasing focus on technological
upgrades to increase the capability and versatility of laser measurement
devices. Among these, the integration of laser measurement devices with
smartphone applications is important.

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market snapshot before purchasing

According to Technavio analysts, one of the key factors contributing to
the growth of the global laser distance meter market is the growth of
the flooring industry:

Global laser distance meter market: Growth of
flooring industry

The increasing focus on the redesigning of commercial spaces has led to
the growth of the flooring industry. The industry has witnessed strong
demand from numerous sectors such as education and healthcare. In the
education sector, there has been an increasing focus on holistic
learning by using interactive content-based approach for teaching

According to a senior analyst at Technavio for research on embedded
systems, “Educational institutes are increasingly adopting
makerspaces, which are areas used for learning using physical. virtual,
and other modular equipment such as 3D microscopes and programmable
circuit boards. The adoption of these equipment aids in the practical
learning of students. For the designing of these new makerspaces and
classrooms, educational institutes are increasingly adopting designer
flooring options such as luxury vinyl tiles, rubber, and carpet tiles.
For laying out these flooring products, there will be increased reliance
on laser measurement devices to measure precise dimensions and areas for
the flooring plans to be implemented.”

Global laser distance meter market:
Segmentation analysis

The global laser distance meter market research report provides market
segmentation by end-user (architects, engineers, construction employees,
and interior designers) and by region (the Americas, EMEA, and APAC). It
provides an in-depth analysis of the prominent factors influencing the
market, including drivers, opportunities, trends, and industry-specific

The architects segment held the largest market share in 2017, accounting
for nearly 39% of the market. This end-user segment is expected to
dominate the global market throughout the forecast period.

The Americas led the market in 2017 with a market share of over 47%.
This region is expected to dominate the market through 2022.

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  • Market characteristics
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  • Market size and forecast

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Market Segmentation

Geographical Segmentation

  • Regional comparison
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Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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