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Global LiDAR Market to hit US$1.1bn by 2023 | OpTech, Pix4D, Renishaw, Saab, Trimble Inc., Intermap Technologies, FARO Technologies, 3D Laser Mapping, Aero-Metric, Inc., RIEGL

12-03-2018 08:51 AM CET | IT, New Media & Software

Press release from: Global Market Insights, Inc.

LiDAR Market

LiDAR Market

LiDAR Market is characterized by key notable players offering advanced, diverse and cost-effective solutions. Rising urbanization and large scale infrastructural development will contribute to the growth of global LiDAR market size over the forecast timeline. 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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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.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. OpTech
2. Pix4D
3. Renishaw
4. Saab
5. Trimble Inc.
6. Intermap Technologies
7. FARO Technologies
8. 3D Laser Mapping
9. Aero-Metric, Inc.
10. RIEGL

Make an inquiry for buying this report @ https://www.gminsights.com/inquiry-before-buying/421

Global LiDAR Market by Application
o Government
o Military & Defense
o Civil Engineering
o Corridor Mapping
o Topographical

Global LiDAR Market by Component
o GPS
o Data storage & management systems
o Navigation
o Laser Scanners
o Others

According to a new research report by Global Market Insights, Inc., LiDAR Market size is expected to reach USD 1.1 billion by 2023. 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.

Operations are subject to regulations established by FEMA and USGS LiDAR Guidelines and base specifications. Varied nominal pulse spacing and vertical accuracy standards have been established by regulatory authorities for its operability. Specialized operations in high risk areas are subject to jurisdiction of standalone guidelines and base specifications for the National Geospatial Program of the U.S. government. Mobile mapping systems have witnessed remarkable developments attributed to surging demand for accurate and high-resolution geospatial data. Introduction of internet mapping has increased the need for geospatial data.

Browse key industry insights spread across 150 pages with 79 market data tables & 46 figures & charts from the report, LiDAR Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/lidar-light-detection-and-ranging-market

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.

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.

Some key players in LiDAR market 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 Related Reports: https://www.gminsights.com/industry-analysis/mobile-mapping-market

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.

Contact Us

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com

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