Global Lidar Market is valued at USD 1.6 billion in the year 2016. Global LiDAR Market is further estimated to grow at a CAGR of 22.4% from 2016 to 2022 to reach USD 3.4 billion by the year 2022. North America region holds the highest market share in 2016 and North America market is considered as the fastest growing market in the forecasted period. At country level U.S, Canada, Mexico holds the highest market share in 2016 and it is projected to grow at a strongly in the coming years.

Quantum Spatial (Aerometric, Inc.) (U.S), Velodyne LiDAR (Canada), Optech Inc. (Teledyne Technologies Inc.) (U.S), 3D Laser Mapping (U.K), Leica Geosystems AG (Switzerland), Topcon Positioning Systems, Inc. (U.S), Quanergy Systems Inc. (Canada), RIEGL Laser Measurement Systems GmbH (Austria), Firmatek LLC. (U.S), are some of the key players in the Global LiDAR market. Rising research and development expenses to cater changing demand of end users, similarly growth strategies such as acquisition, merger and expansion of the distribution network were few techniques adopted by most of the tier 1 and Tier 2 manufacturers in recent years.

Drivers:
Government Grants
Implementation of new application
Restraints:
Expensive price of LiDAR
Opportunities:
LiDAR offered highly by automotive sector
Challenges:
Limitation in environment.
The major shares of the market comes from Construction and Engineering sector in Global LiDAR Market. As in Engineering and Construction investment are more for the utilization.
On the other hand, Corridor mapping for this market is expected to grow at highest CAGR during year 2017-2022.

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Key Benefits for Stakeholders
LiDAR Manufacturers, Distributors and Retailers
Research and Consulting organization
Technology Standards Organizations, Forums, Alliances and Associations
End use industries
Regulatory bodies, policy actors and consumers.

By Product Type
Ground-Based LiDAR
Aerial LiDAR
Solid-State LiDAR
UAV LiDAR

By Application
Cartography
Engineering
Corridor Mapping
ADAS and Driverless Cars
Environment
Oil, Gas & Mining
Tourism and Parks Management
Others

By Region
North America
Europe
Asia-Pacific
LAMEA

Key Market Players
Quantum Spatial (Aerometric, Inc.) (U.S)
Velodyne LiDAR (Canada)
Optech Inc. (Teledyne Technologies Inc.) (U.S)
3D Laser Mapping (U.K)
Leica Geosystems AG (Switzerland)
Topcon Positioning Systems, Inc. (U.S)
Quanergy Systems Inc. (Canada)
RIEGL Laser Measurement Systems GmbH (Austria)
Firmatek LLC. (U.S)
Mediatek Inc.

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