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Global LIDAR Market Research Report 2019 With Top Vendors Profile like Top Companies are Hexagon AB, SICK and Trimble Inc., Quantum Spatial, FARO Technologies

04-10-2019 02:29 PM CET | IT, New Media & Software

Press release from: Data Bridge Market Research

Global LIDAR Market

Global LIDAR Market

The forecast length is anticipated to be very sturdy for the Lidar marketplace and the enterprise as well. This report gives a comprehension on all the most recent improvements, item dispatches, joint endeavors, mergers and acquisitions by the few key players and brands of the Lidar advertise. It contains the outline of market definition, orders, and market patterns of the business and Lidar showcase.

The record also illustrates the CAGR values for the historic year 2016, the base 12 months 2017 and the forecast for the years 2018-2025. The organization profiles of all the important players in North usa, Europe, Japan, China, India, Southeast Asia and different areas like South usa, and the middle East & Africa are studied with the help of SWOT analysis and Porter’s five Forces tool.

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.

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Segmentation: Global Lidar Market

By Component (Laser Scanner, Navigation and Positioning Systems, Photodetector Receivers, Others), By Product (Aerial Lidar, Ground-Based Lidar, UAV Lidar, Solid-State Lidar), By Application (Corridor Mapping, Engineering, Environment, ADAS and Driverless Cars, Exploration, Urban Planning, Cartography, Meteorology, Others), By Services (Lidar Data Processing, Aerial Surveying, Asset Management, GIS Services, Ground-Based Surveying, Mapping And Modeling, Others), By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)

Major Players: Global Lidar Market

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

Drivers: Global Lidar Market

The major factors driving the growth of this 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.

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.

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Market Segmentation:

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.

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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