Global LiDAR Market Forecasts Report By Top Key Players: Trimble Inc., Saab, Renishaw, Pix4D, FARO Technologies, 3D Laser Mapping, OpTech, RIEGL, Intermap Technologies, Leica Geosystems AB, Aero-Metric, Inc.
Heavy investments in infrastructural development and strategic alliances will remain the key strategies in the ecosystem. Increasing acceptance in automobile safety application, environmental mapping arenas, rising acceptance in the corridor mapping and civil engineering for monitoring & 3D-modeling applications will fuel the LiDAR market share from 2016 to 2023.
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LiDAR Market size is expected to reach USD 1.1 billion by 2023, according to a new research report by Global Market Insights, Inc. Rising adoption of technology in commercial as well as government applications such as railways, forestry and roadways management are among other growth drivers set to fuel growth rates in the coming years.
The technology has successfully acquired the photogrammetry systems customers due to its subtle operational deliverance and higher accuracy. Rising applications of UAVs in commercial operations linked would increase LiDAR market share. Lack of awareness and customer education is recognized as a business risk for the industry owing to negligence and loss of potential customers.
Airborne LiDAR market size accounted for about 40% of the revenue in 2015. It offers high accuracy and detailed local elevation data, can cover large area, increasing productivity and reduce the environmental impact.
Mobile LiDAR market share accounted for about 20% of the overall revenue in 2015. Ability of eliminating the need for mobilization costs, collect up to 1,000,000 points per seconds saves time, increases the safety of data by removing the need for traffic diversion and provides safety for project personnel.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Trimble Inc.
5. FARO Technologies
6. 3D Laser Mapping
9. Intermap Technologies
10. Leica Geosystems AB
11. Aero-Metric, Inc.
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U.S. LiDAR market size was valued at over USD 85 million in 2015 and would grow at 9.3% by 2023. Increasing adoption of 3D imagery by the U.S. government and advent of industrial automation would support the industry growth.
Asia Pacific revenue is forecast to exceed USD 470 million by 2023. This may be primarily attributed to increasing low-cost manufacturing activities in the region. Growing product launches coupled with high consumer adoption in the region is forecast to result in increased investment from stakeholders and fuel demand.
Global LiDAR market players include 3D Laser Mapping, Aero-Metric, Inc., Airborne Hydrography AB, Avent LiDAR Technology, FARO Technologies, Firmatek, Intermap Technologies, Leica Geosystems AB, Mosaic Manufacturing, OpTech, Pix4D, RIEGL, Renishaw, Saab, and Trimble Inc.
Browse key industry insights spread across 150 pages with 79 market data tables & 46 figures & charts from the report, “LiDAR Market Size By Application (Corridor Mapping, Civil Engineering, Military & Defense, Government, Topographical Surveys), By Product (Short Range, Mobile, Terrestrial, Airborne), By Component (Navigation, Data Storage & Management Systems, Laser Scanners, GPS), Industry Analysis Report, Regional Outlook (U.S., UK, Germany, China, Japan, India, Mexico, Brazil), Application Potential, Competitive Market Share & Forecast, 2023” in detail along with the table of contents:
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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