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LIDAR Market 2018 Global Top Companies are Hexagon AB, SICK and Trimble Inc., Quantum Spatial, FARO Technologies, Beijing Philisense Technology Co., Ltd.,    Riegl, Velodyne LiDAR, Inc., YellowScan , Geokno, Quanergy, Innoviz Technologies,Teledyne Optec

08-17-2018 03:37 PM CET | Industry, Real Estate & Construction

Press release from: Data Bridge Market Research

Global LIDAR Market – Industry Trends and Forecast to 2025

Global LIDAR Market – Industry Trends and Forecast to 2025

Global LIDAR Market Research report comprises of a brief summary on the trends and tendency that may help the key market players functioning in the industry to understand the market and strategize for his or her Organisation expansion for this reason. This statistical surveying report examines the entire market size, market share, key segments, growth, key drivers, CAGR, historic data, present market trends And End User Demand, environment, technological innovation, upcoming technologies and the technical progress in the industry.

Global LIDAR Market is expected to reach USD 5,842.37 million by 2024 from USD 1,058.40 million in 2016, at a CAGR of 24.1% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Download PDF Sample Copy of Report@ http://databridgemarketresearch.com/request-a-sample/?dbmr=global-lidar-market

Global LIDAR Market By Geography, Component (Laser Scanners, Navigation & Positioning Systems); Product (Aerial, Ground-Based, UAV, Solid-State), Service (Aerial Surveying, Asset Management, GIS Service, Ground-Based Surveying, Mapping & Modeling), Application (Corridor Mapping, Engineering, Environment, ADAS & Driverless Cars, Exploration, Urban Planning, Cartography, Meteorology) – Industry Trends and Forecast to 2024

The Global Lidar Market is highly concentrated to a few big players and rest to local players who cater to domestic markets only.

Teledyne Optech incorporated dominated the Lidar market accounting for a highest market share in 2016, followed by

Hexagon,
Sick AG  and Trimble Inc.
Quantum Spatial,
Faro Technologies,
Beijing Beike Technology Co., Ltd,   
Riegl Laser Measurement Systems Gmbh ,
Velodyne Lidar, Inc.
Yellowscan ,
Geokno India Pvt. Ltd.,
Quanergy Systems, Inc.,
Innoviz Technologies Ltd,
Innoluce BV,
Leddartech,
Autonomoustuff,
Geodigital,
Trilumina,
Tetravue,
Luminar,
Princeton Lightwave Inc.,
Neptec Technologies
among others.
Teledyne Optech Incorporated:

Founded in 1974 and headquartered Toronto, Canada, engaged in the manufacturing of camera survey instruments and advanced lidar for terrestrial mapping, mobile and airborne. These involves technologies such as GPS, inertial navigation, range finding laser based instruments for level monitoring, camera, waveform digitization and many more. It do work with the military, government, space based organization and commercials in order to fulfill their respective demand. They offer standalone and fully integrated camera solutions and lidar in airborne, mobile mapping, mine cavity monitoring, and space proven sensors, terrestrial laser scanning.

Apart from Canada, It has its presence in the USA, Europe, China and worldwide. 

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sopan.gedam@databridgemarketresearch.com

Key Drivers: 

 Some of the major factors driving the market for global Lidar market are rising government initiatives and increasing adoption, increasing use of drones in numerous applications, growing lidar application in engineering projects and large-magnitude set and technological advancement. These factors demand the Lidar system which boosts the market growth.

High cost of lidar and high surveying application expenses may hinder the growth of the market.
Many companies are increasingly focusing on technological advancement of lidar devices in order to strengthen their product portfolios in the Lidar market.
Trimble Inc.:

Founded in 1978 and headquartered California, U.S., Trimble Inc. provides solutions that facilitate high-quality, productive workflows and information exchange, driving value for a global and diverse customer base of surveyors, engineering and GIS service companies, governments, utilities and transportation authorities. The company operates in four business segments namely engineering & construction, filed solution, mobile solution and advanced devices. The mobile solution segment offers products of Lidar used in various applications like industrial, automotive and others.

Recent Development:

In October, 2016, Trimble launched TX6 and improved TX8 3D laser scanning solutions. These system provide customers with a range of options to fit their application needs without compromising data quality, accuracy or efficiency.

Sick AG:

Founded in 1946 and headquartered Waldkirch, Germany, is a manufacturer, producer as well as distributors of systems, sensors for industrial automation technology. It do operates in Logistics Automation, factory and product automation which includes multiple of activities such as dectection, ranging, analyzer, system solutions, , identification, photoelectric, gas analyzers, sensor control, dust and ultrasonic gas flow measuring devices, 2D and 3D vision cameras, distance sensors and many more.

It has its presence in worldwide. Few of its subsidiaries are SICK MAIHAK, Inc., SICK, Inc., SICK AG, Sick Pty Ltd, Sick Maihak GmbH, SICK Sensors Ltd., SICK nv/sa, Ação Solução, Sick Optic-Electronic Co., Limited, SICK IVP AB, SICK STEGMANN GmbH and many more.

 KEY POINTS:-

The global aerial lidar market is expected to reach USD 2,521.36 million by 2024, from USD 484.46 million in 2016, growing at a CAGR of 23.1%.
The corridor mapping is expected to dominate the Lidar market with 29.5% market share, growing at a CAGR 24.6% in the forecast period 2017 to 2024.
 
RISING GOVERNMENT INITIATIVES AND INCREASING ADOPTION

Government is taking several initiatives for accuracy of data, refresh cycle and interest towards the geographic area coverage in order to avoid the unexpected circumstances such as accidents, agriculture, Precision Forestry, forest Planning and management, forest fire management, tourism and parks management, environmental assessment, flood model, Ecological & Land Classification (ELC), river survey, river modelling, mining, oil and gas exploration, archaeology, light, solar energy planning , cellular network planning, astronomy, urban municipality, airport infrastructure and lots more. For instance, 3D Elevation Program (3DEP) initiative has been created to seek the emerging needs for high quality of topographic data and other 3D representations of the Nation’s natural and constructed features in the Hawaii, United States and other U.S. territories. Another example is in 2015, three USGS grants have been awarded in respect of supporting the geospatial data development in Tennessee. Through LiDAR, US Geological Survey (USGS) and their 3D Elevation Program (3DEP) data has been collected from 27 countries for which additional funds are being provided by Tennessee Department of Environment and Conservation, Department of Energy, Agriculture and F&A, Tennessee Department of Transportation and valley authority and several other local government in Tennessee.

INCREASING USE OF DRONES IN NUMEROUS APPLICATIONS

Drones consist of global positioning systems (GPS), sensors, cameras, navigation systems and many more along with varied functions, shapes and sizes. These are controlled by the remotes or from special ground cockpits. Therefore drones are used in various applications such as for security, science & research, search and rescue operations, inspection, aerial photography and video, unmanned cargo system, mapping, surveillance of suspicious happening. It can be utilized in construction and pre-construction work, real estate, education, maritime, aviation, mining, insurance, marketing, utilities and many more. Due to growing usage, even various government agencies, different institution and private companies have their own private drone which comes in different sizes according to their application.

Inquire Regarding This Report @ https://databridgemarketresearch.com/inquire-before-buying/?dbmr=global-lidar-market

About Data Bridge Market Research:

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

Contact:

Data Bridge Market Research

Tel: +1-888-387-2818

Email: sopan.gedam@databridgemarketresearch.com

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