Lidar is a surveying method that measures distance to a target by illuminating the target with pulsed laser light and measuring the reflected pulses with a sensor. Differences in laser return times and wavelengths can then be used to make digital 3-D representations of the target. The name lidar, now used as an acronym of light detection and ranging (sometimes light imaging, detection, and ranging), was originally a portmanteau of light and radar. Lidar sometimes is called laser scanning and 3-D scanning, with terrestrial, airborne, and mobile applications.
Increasing usage of drones across various applications, such as aerospace and defense, agriculture, and forestry, is a major factor driving the market growth. Moreover, rising investments in R&D of self-driven cars in the automotive sector are expected to positively impact the market. LiDAR or Light imaging, detection, and ranging system, has always been synonymous with automotive technology. The escalating demand for driverless cars is providing the automobile industry with ample opportunities to embed LiDAR in their systems. Massive investments from venture capitalists and the flurry of partnerships and acquisitions happening in the LiDAR domain hints on the size of this burgeoning market. Attributed to the rising demand for driverless cars, and the increasing application of LiDAR in engineering projects, the investments in LiDAR market is accelerating at an exponential pace. Increasing defense expenditure in Asia Pacific is expected to grow the market in region over the forecast period. North America is expected to lead the market, pursued by Europe in following years.
The LiDAR technology Market report analyses the impact of COVID-19 on this industry. COVID-19 can affect the global market in 3 ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on enterprises and financial markets.
The report offers detailed coverage of LiDAR technology industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading LiDAR technology by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
The report forecast global LiDAR technology market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2027.
First, this report covers the present status and the future prospects of the global LiDAR technology market for 2015-2027.
Key Companies
Airborne Hydrography
Applied Imagery
Zephir LiDAR
Lesophere
Avent LiDAR Technology
Grind GIS
Valedyne
DEWI
Geonica
Kintech Engineering
Teledyne Optech
Leica Geosystems
LiDAR technology Market by Type
Aerial Lidar
Ground-based Lidar
Mobile Lidar
Uav Lidar
LiDAR technology Market by Application
Coastal
Transportation
Forestry
Infrastructure
Defense and Aerospace
Transmission Lines
Flood Mapping
Exploration
Driverless Cars
Adas
LiDAR technology Market by Region
United States
Europe
China
Japan
South Korea
Other Regions
LiDAR technology Market Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
At the same time, we classify LiDAR technology according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
The report conveys the entirety of current realities about market definition, orders, applications, and commitment for the LiDAR technology market that are basic to be victorious inside the market. The principle motivation behind this report is to give a development map with respect to the activities taken by central participants of the LiDAR technology market like item dispatches, joint endeavors, propensities, consolidations, and acquisitions which is influencing the LiDAR technology market undertaking in general and furthermore influencing the business, import, fare, income and CAGR values.
Regional Analysis
North America, Latin America, Asia-Pacific countries, Europe, India, China, and over twenty countries have been analyzed based on the different marketing elements such as manufacturing capacity, consumer base, productivity, and profit margin, and ease of business. It is observed that North America, in particular, will show impressive development during the estimated time frame in marketing development. Administration organizations and outsider managers are channelizing their efforts to make client-driven items that will add to the development of an efficient marketing scenario in these regions. As the significant parts of the market business would be all around the globe, Middle East, Africa, North America along with other Asia-Pacific nations shows a great prospect of developing a good market favorable environment.
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the LiDAR technology market for the forecast period 2021 - 2027?
• What are the driving forces in the LiDAR technology market for the forecast period 2021 - 2027?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the LiDAR technology industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?
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