Global LiDAR Market Growth Opportunities and Top Key Players: Renishaw, Faro Technologies, Leica Geosystems, Intermap Technologies, Trimble Navigation, RIEGL, 3D Laser Mapping, Aerometric

Market Overview: -

Rising urbanization and infrastructural developments have noticeably stimulated global LiDAR market size over the recent years. Increasing number of projects along with high degree of efficiency and multi-viewpoint data collection worldwide are poised to bring interesting developments in the LiDAR market trends. Emerging technological advancement such as optically extended MEMS (micro-electro-mechanical system) scanning mirror will boost the demand for LiDAR technology across low-altitude and light weight flying platforms.

LiDAR Market is anticipated to reach USD 1 billion by 2023. Significant investments in the infrastructural development space as well as numerous strategic alliances are acting as growth drivers for the LiDAR market. Growing reception of growing reception in 3D-modeling applications, automobile safety application, and civil engineering for monitoring, environmental mapping arenas will prove favorable for global revenue growth. Increasing acceptance of the technology in government and commercial applications like roadways, forestry and railways, management will augment LiDAR market adoption rates.

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Top Key Players: -

Key market players are poised to offer advanced and cost-effective solutions to sustain their position in the LiDAR business. Heavy investment and strategic alliances will characterize the LiDAR market size over the coming six years. Key industry participants include Renishaw, Faro Technologies, Leica Geosystems, Intermap Technologies, Trimble Navigation, RIEGL, 3D Laser Mapping Ltd, Aerometric.

Market share calculation in this report is not done based on companies covered in it. The calculation of LiDAR market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

Regional Segmentations: -

Considering the global trends, Asia Pacific LiDAR market is estimated to exceed a revenue of USD 470 million by 2023, primarily driven by increasing low-cost manufacturing activities across the region. Huge investment by stakeholders in this region coupled with growing product launches further influence the regional growth.

US will contribute significantly towards North America LiDAR market share and is predicted to witness a growth rate of 9.3% over the mentioned timeframe. The increase in industrial automation and rising adoption of 3D imagery by US government are the major driving factors of North America LiDAR industry outlook.

Technological advancement in GPS and inertial navigation will drive Europe LiDAR market. Civil and corridor mapping will be the major application areas in the Europe, owing to the massive requirement for security systems in commercial areas such as airports, hospitals, and hotels.

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Partial Chapter of the Table of Content

Chapter 1 Methodology and Scope
1.1 Research Methodology
1.1.1 Initial data exploration
1.1.2 Statistical modeling and forecast
1.1.3 Industry insights and validation
1.2 Data Sources
Chapter 2 Executive Summary
2.1 LiDAR industry 3600 synopsis, 2012 - 2023
2.1.1 Business trends
2.1.2 Application trends
2.1.3 Regional trends
Chapter 3 LiDAR Industry Insights
3.1 Industry segmentation
3.2 Industry Size and forecast, 2012 - 2023
3.3 Industry ecosystem analysis
3.3.1 Vendor landscape
3.4 Industry Impact forces
3.4.1 Growth drivers
3.4.1.1 High demand in environmental applications
3.4.1.2 3D imagery demand
3.4.2 Industry pitfalls & challenges
3.4.2.1 Low degree of awareness
3.5 Growth potential analysis
3.6 Porter’s analysis
3.7 Competitive landscape, 2015
3.7.1 Company strategy overview
3.8 PESTEL analysis

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LiDAR market will also attain noticeable surge owing to the revenue generated from its products such as mobile, airborne, terrestrial, and short range technologies. Airborne LiDAR market dominated the product landscape by accounting for of 40% the total share in 2015 and is projected to surpass a revenue of USD 400 million by 2023. The growth can be attributed to the implementation of advanced technological features such as multi-target capability and full waveform analysis in airborne mapping.

Mobile LiDAR market will grow significantly with a CAGR of 22% from 2016 to 2023. Increasing usage of mobile mapping across wind projects, transportation agencies, and urban data acquisition will drive mobile LiDAR market.

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