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Global LIDAR Market 2018 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
Press release from: Data Bridge Market Research
The LIDAR Market report executes the great study of Price and Gross Margin, Capacity, Production, Revenue, current LIDAR market’s geographical zones, technology, demand-supply, Consumption, Import, Export, Market Drivers and Opportunities. The report also explains in deep what the market definition, classifications, applications and market are. This research study is a valuable source of understanding data for business strategies, growth analysis, historical & futuristic cost, demand and supply data.
Global LIDAR Market is expected to reach USD XX million by 2024 from USD XX million in 2016, at a CAGR of XX% in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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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 2025
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 2017, followed by
Hexagon, Sick AG and Trimble Inc. Other players in this market include 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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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.
The company operates in more than 30 countries across various geographical regions such as U.S., Europe, Asia and rest of world. The some of the subsidiary are Applanix Corporation, Sefaira, Inpho GmbH, Geotronics Southern Europe SL, Trimble Navigation India Private ltd, Apache Technologies Inc, Trimble Military and Advanced Systems, Inc and among others.
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.
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.
The report for LIDAR market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is LIDAR in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyses and do more affective investments.
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.
The global aerial lidar market is expected to reach USD XX million by 2024, from USD XX million in 2017, growing at a CAGR of XX%.
The corridor mapping is expected to dominate the Lidar market with XX% market share, growing at a CAGR XX% in the forecast period 2018 to 2025.
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.
On the basis of components:- laser scanners, navigation & positioning systems, and others.
On the basis of product:-Aerial, ground-based, UAV, and solid-state.
On basis of service:-Aerial surveying, asset management, GIS service, ground-based surveying, mapping and modeling, and others
On the basis of application:- Corridor mapping, engineering, environment, ADAS & driverless cars, exploration, urban planning, cartography, meteorology, and others.
On the basis of geography:- North America, South America, Europe, Asia-Pacific, and Middle East & Africa.
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