LIDAR Market 2018 Global Analysis, Opportunities and Forecast 2022


Posted September 12, 2018 by rahulwgr123

Global c, By Type (Terrestrial, Airborne), By Component (Laser, Navigation, Camera, GPS Receiver), By Application (Seismology, Corridor mapping, Exploration), By End-users (Oil & Gas, Transportation, Mining, Tourism) - Forecast 2022
 
Market Scenario:

LIDAR stands for light detection and ranging also called as remote sensing which uses laser pulses to accurately gauge the spatial profile of the object under study. Thus, LIDAR substitutes electromagnetic radiation with Laser for measurement owing to its greater accuracy, reflectance, and coherence. The term LIDAR Market is an acronym of light detection and ranging. The global LIDAR market is anticipated to grow with a CAGR of 21 % during forecast period of 2018 to 2022.

The key factors contributing to the growth of the LIDAR market are data processing technologies over other technologies, automated systems in LIDAR, adoption of aerial LIDAR and emergence of new applications. Also, the growth in this market can be attributed to the encouragement from the governments, application of LIDAR in engineering projects & large magnitude set and rise in demand for robust security and sensor accuracy.

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Key Players:

The key players in the global lidar market include Faro Leica Geosystems (Sweden), Technology (U.S.), Velodyne LiDAR, Inc. (U.S.), Beijing Beike Technology Co., Ltd (isurestar) (China), Riegl Laser Measurement Systems GmbH (Austria), Quantum Spatial (Aerometric, Inc.) (U.S.), Teledyne Optech Inc. (Canada), YellowScan (France), Geokno India Pvt. Ltd. (India), Trimble Inc. (U.S.), and others.

Market Dynamics:

Drivers

Growing need for accurate surveying and growing application expanse such as geography, atmospheric research, meteorology, archaeology, astronomy, geology, seismology, and forestry is the prime driver of the market. The ability to develop high resolution 3-D maps and mapping hidden morphological structures not possible by conventional electromagnetic radiation is the critical need driving the market. The advantages of LIDAR such as ability to scan a wide range of materials, including both metals and non-metals objects, rocks, rain, chemical compounds, clouds, high accuracy, 3D scanning of images and others has led to an expanse of the market. The ability to measure physical features with very high resolutions is reflected by the fact that aerial LIDAR can map terrain at a resolution of 30-centimetre. The high potential of LIDAR makes it a critical technology needed for precision maneuverability of robots and space landing vehicles. Thus many nations have termed it a strategic technology as exemplified by the U.S. Geological Survey Experimental Advanced Airborne Research LIDAR. LIDAR has also found application in control and navigation for autonomous cars.

Segments:

For determining the precise path of the market growth, the global LIDAR market is segmented by application, type, component, end-users and region.

Based on type, the market has been segmented by terrestrial, and airborne.

Based on component, the market has been segmented by laser, navigation, camera, GPS receiver, GSS receiver, MEMS, and others

Based on application, the market has been segmented by seismology, corridor mapping, exploration, and others.

Based on end users, the market has been segmented by oil & gas, transportation, mining, tourism, defense and aerospace, archaeology, and others

Based on region, the market has been segmented by North-America, Europe, Asia-Pacific, and Rest of the World.

Regional Analysis

North-America led by the U.S. Accounts for the largest share of the market owing to the faster uptake of new technology, development of military drones, presence of large players and others. The development of the experimental autonomous driving cars and LIDAR speed guns for the measurement of speed of vehicles is creating a greater demand for the market. The European region is led by Germany, France and the U.K. However the market is expected to shift in favor of the Asia Pacific region led by China and India. The Middle East and Africa market is expected to possess a smaller market with a fast growing CAGR owing to the growing mining industry of the region. The Middle East and Africa market is expected to be skewed in favor of Gulf economies of Saudi Arabia, UAE, Kuwait, and Qatar.

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Intended Audience

Manufacturers
Distributors
Research firms
Consultancy firms
Software Developers
Vendors
Semiconductor Manufacturers
Stakeholders
End-user sectors
Technology Investors
Table of Contents

1 Market Introduction

1.1 Introduction

1.2 Scope of Study

1.2.1 Research Objective

1.2.2 Assumptions

1.2.3 Limitations

1.3 Market Structure

2 Research Methodology

2.1 Research Network Solution

2.2 Primary Research

2.3 Secondary Research

2.4 Forecast Model

2.4.1 Market Data Collection, Analysis & Forecast

2.4.2 Market Size Estimation

3 Market Dynamics

3.1 Introduction

3.2 Market Drivers

3.3 Market Challenges

3.4 Market Opportunities

3.5 Market Restraints

Continue...

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Last Updated September 12, 2018