Press release
LiDAR Market is forecast to Rise at a CAGR of 25.80% during 2014 - 2023 | Optech, Faro business technologies India ltd, GeoDigital, Sick AG
Competitive Insights:The leading players in the market are Optech, Faro business technologies India ltd, GeoDigital, Sick AG, Quantum Spatial Inc, Leica Geosystems Holdings AG, Velodyne and Trimble.
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The LiDAR Market is segmented as follows-
By Product:
Navigation (IMU)
Mobile & UAV
GPS
Laser Scanners
By Component:
Engineering
Exploration
Corridor Mapping
ADAS
Others
By Application:
Terrestrial
Airborne
Mobile & UAV
Industry Outlook and Trend Analysis:
The LiDAR Market was worth USD 0.85 billion in 2014 and is expected to reach approximately USD 6.71 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 25.80% during the forecast period.
The technological progressions in spatial resolution of LiDAR-based digital terrain models give inconceivable precision in applications, for example, water runoff for agriculture or mining sites, change detection on hillsides, and inland waterways. The rising interest for 3D imagery in different application regions, for example, military and defence, civil engineering, topographical surveys, and corridor mapping, is foreseen to fundamentally drive the LiDAR market over the conjecture time frame. Finished 3D symbolism is connected in different applications, for example, city planning, photo-realistic fly, and 3D mapping.
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Table of Contents:
1.Introduction
2.Executive Summary
3.Market Overview
4.Market Analysis by Regions
4.1.North America (United States, Canada and Mexico)
4.2.Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
4.3.Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)
4.4.South America (Brazil, Argentina, Columbia and Rest of South America)
4.5.Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)
5.LiDAR Market, By Application
5.1.Introduction
5.2.Global LiDAR Sales, Revenue and Market Share by Application (2014-2017)
5.2.1.Global LiDAR Sales and Sales Share by Application (2014-2017)
5.2.2.Global LiDAR Revenue and Revenue Share by Application (2014-2017)
5.3.LiDAR Market Assessment and Forecast, By Application, 2014-2023
5.4.Corridor Mapping
5.4.1.Global Corridor Mapping Sales and Growth Rate (2014-2018)
5.5.Engineering
5.5.1.Global Engineering Sales and Growth Rate (2014-2018)
5.6.Environment
5.6.1.Global Environment Sales and Growth Rate (2014-2018)
5.7.Exploration
5.7.1.Global Exploration Sales and Growth Rate (2014-2018)
5.8.Advanced Driver Assistance Systems (ADAS)
5.8.1.Global Advanced Driver Assistance Systems (ADAS) Sales and Growth Rate (2014-2018)
5.9.Other Applications
5.9.1.Global Other Applications Sales and Growth Rate (2014-2018)
To be Continued...
Regional Outlook and Trend Analysis:
The North American regional market is foreseen to witness a gigantic development prospect in the worldwide LiDAR market, inferable from developing appropriation of authoritative directions, ordering the establishment of particular car security innovations in both lightweight and heavyweight vehicles in the area.
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