LIDAR Market Global Outlook 2019| Leading Vendors Hexagon AB, SICK and Trimble Inc., Quantum Spatial, FARO Technologies, Beijing Philisense Technology Co., Ltd., Riegl, Velodyne LiDAR, Inc., YellowScan

Global LIDAR market is having is face change in the forecast years 2018 to 2025 and the following report will assist you in making decision regarding the market. This report provides you with the detailed market definition, classifications, applications and what the key market trends are which can make a great difference when it comes LIDAR market in this industry. The report also contains the market drivers and restrains which are derived from SWOT analysis of the LIDAR market. Top players and brands are making moves such as developments, products launches, acquisitions, merges, joint ventures and competitive research in the LIDAR market. A change was seen in the CAGR levels in the historic year 2017, base year 2018 and the CAGR levels are also certain to change in the forecast years 2019-2026.

Global LiDAR Market is estimated to reach USD 9479 million by 2026, registering a healthy CAGR of 24.50% in the forecast period of 2019-2026. This rise in market value can be attributed to the growing use of drones LIDAR application in engineering projects, 3D Imaging technology, technological advancements

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Global LiDAR Market By Component (Laser Scanners, Navigation & Positioning
Systems, Photodetector Receivers, Others); Product (Aerial, Ground-Based, UAV, Solid-State), Service (LiDAR Data Processing, Aerial Surveying, Asset Management, GIS Service, Ground-Based Surveying, Mapping & Modelling), Application (Corridor Mapping, Engineering, Environment, ADAS & Driverless Cars, Exploration, Urban Planning, Cartography, Meteorology), Installation (Air-borne, Ground based), Range (Short, Medium, Large), Image Projection (2D, 3D), End User (Defense and aerospace, Civil Engineering, Archaeology, Forestry and Agriculture, Mining Industry, Transportation), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026

Competitive Analysis: Global LiDAR Market

Global LiDAR market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of LiDAR market for Global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Key Market Competitors: Global LiDAR Market

Few of the major competitors currently working in the Lidar market are Sick AG, Trimble Inc., Quantum Spatial, FARO Technologies, Inc., Beijing Beike Digital Medical Technology Co.,Ltd., Geokno India Pvt. Ltd.,Leica Geosystems AG, RIEGL Laser Measurement Systems GmbH , Velodyne Lidar, Inc., Geokno India Pvt. Ltd., Quanergy Systems, Inc., Innoviz Technologies Ltd., LeddarTech Inc, AutonomouStuff, TriLumina, Tetravue, Inc., Skylum, Princeton Lightwave, Inc., Neptec Technologies Corp., among others.

Market Definition: Global LiDAR Market

LiDAR- light detection and ranging is as is a laser based method wherein light is used in the form of a laser to measure the position or distances of object to the earth. It consists of 3D scanning and laser scanning therefore it can be called as 3D laser scanning. It consists of a laser, a scanner and a specialised GPS receiver. LiDAR provides accurate information, even if there is any disruption. They are now extensively being used by the automobile industry, in self-driving cars, as it
provides clarity and vision at all times and in all directions.

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Market Drivers:

• Many companies are increasingly focusing on technological advancement of
lidar devices in order to strengthen their product portfolios in the Lidar market
• Rising demand of 3D imaging technology across various application areas, and the increasing adoption of aerial LiDAR systems to explore and detect places, historic details, etc
• The increased demand for 3d imagery in areas such as military & defence, topographical surveys, civil engineering, and corridor mapping would expand the growth of this market
• The increased use of drones in areas such as defence, aerospace, agriculture would boost the growth of this market
• Rising demand for LiDAR in the automobile industry especially used as self-driving cars
• Technological advancements in lidar mapping, has increased their applicability and scope
• Growing initiative by the government to promote the growth of the LiDAR market

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Market Restraints:
• High cost of lidar may hinder the growth of the market
• Low awareness about the benefits of LiDAR systems

Competitive Landscape:

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.

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Key Developments in the Market:

• In April 2019, Velodyne Lidar, the leader in LiDAR solution provider in USA, entered into an affirmative agreement with Nikon Corporation, under which Sendai Nikon Corporation, a Nikon subsidiary, for a multifaceted business alliance, wherein it would manufacture and mass produce lidar for the autonomous and advanced safety global market With this, Velodyne would expand its business line and enhance its lead in the global LiDAR market

• August 2018 – Sick AG has developed a new and innovative series of high-precision light detection and ranging sensors, i.e. LMS1000 and MRS1000 infrared LIDAR sensors. With this invention, the company has raised the bar in high-precision and reliable distance sensing and ranging
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Key Insights in the report:

• Complete and distinct analysis of the market drivers and restraints
• Key Market players involved in this industry
• Detailed analysis of the Market Segmentation
Competitive analysis of the key players involved

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.

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