LiDAR Market: What are the Future Growth Opportunities? Top Players: Beijing SureStar Technology Co. Ltd., FARO Technologies, Inc., GeoDigital, GEOKNO (GMR Group), (GMR Group), Leica Geosystems AG (Hexagon), Michael Baker International, Ouster, Inc., Quan

The LiDAR market can be expected to draw considerable interest from governments and major infrastructure companies for the potential of the technology to improve project outcomes. Technically, corridor mapping involves conducting high resolution imaging of natural corridors and artificial infrastructures developed linearly, such as transmission lines, pipelines, rivers, coastal areas, roads and railways. The process helps in optimizing the lifecycle of a corridor and ensure regulatory compliance, in addition to tackling the possibility of disasters which can cause enormous losses. LiDAR mapping is ideal for detailed planning, analysis and design of utility transmission and pipeline corridors, or to help maintain and plan for railway routes and tunnels.

With an escalating upsurge in the demand for 3D imaging solutions, the growth graph of LiDAR market is poised to remain exponential in the forthcoming years. The application of LiDAR spans a stream of sectors such as the automobile, construction, archeology, land surveying, and river surveying industries. Perpetual advancements in automation, construction, flood modelling, cartography, navigation, meteorology etc. have also been driving the demand for LiDAR technology. The augmented use of LiDAR technology by governments for different activities, like topographical surveys, pollution modelling, flood modelling, mapping and surveillance, is expected to majorly propel LiDAR market growth ahead.

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In initial times, heavy scanners were used for surveys, which called for an airplane with an entire managing team to compile the survey in question. The whole process was expensive and required a lot of manpower to complete the survey in a week. Only major government agencies could afford to conduct airborne LiDAR surveys, while the others had to rely on the data compiled by these official agencies.

Now however, with the advent of lightweight, low-cost scanners, equipped with advanced technological developments, the picture of the global LiDAR market has changed considerably. Many companies are incorporating LiDAR technology in their operations to embark on their own surveying activities. The continuous demand for LiDAR is bound to enhance its adoption, thereby fueling LiDAR market growth.

A LiDAR drone is considered to be an affordable and efficient way of 3D imaging and modeling of geological features, with the concept gaining momentum owing to proliferation of advanced drone mapping software solutions. UAVs allow for a more portable and flexible mapping system to gather valuable terrain data. Citing an instance, a LiDAR UAV from YellowScan was utilized for mapping a transmission line corridor, including the lines, poles and vegetation, to study the risk of a flashover and if the vegetation needs to be trimmed. Fast-paced development of new UAV platforms, cameras and sensors to provide the most comprehensive 3D maps and accurate measurements will underscore the massive scope of LiDAR applications.

Speaking further, the Teledyne Imaging group recently unveiled its new LiDAR for drones that can offer improved canopy penetration, highest quality LiDAR survey data, lowest noise and exceptional data accuracy. Many other companies from the LiDAR industry are involved in the production of UAV-based 3D mapping systems as well, developing specialized scanners for a variety of professional uses. Recently, Cepton Technologies had launched its latest long-ranged LiDAR scanner built particularly for UAVs, which enables prolonged flight time, high-resolution imaging and significantly high scan rate.

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Evidently, persistent enhancements of LiDAR systems in the near future will help sustain the overall industry growth, supported by the increasing demand for corridor mapping solutions and the advent of reliable UAV technology. Comprised of key players such as Teledyne Optech, Beijing Surestar Technology, Yellowscan, Leica Geosystems, Innoviz Technologies and Geokno, the global LiDAR market is projected to reach a valuation of over US$10 billion by 2025.

Table of Contents (ToC) of the report:

Chapter 7 LiDAR Market, By Application
7.1 Key trends, by application
7.2 Corridor Mapping
7.2.1 Market estimates and forecast, 2014 - 2025
7.2.2 Market estimates and forecast, by region, 2014 - 2025
7.2.3 Roadways
7.2.3.1 Market estimates and forecast, 2014 - 2025
7.2.3.2 Market estimates and forecast, by region, 2014 - 2025
7.2.4 Railways
7.2.4.1 Market estimates and forecast, 2014 - 2025
7.2.4.2 Market estimates and forecast, by region, 2014 - 2025
7.2.5 Bridges & Tunnels
7.2.5.1 Market estimates and forecast, 2014 - 2025
7.2.5.2 Market estimates and forecast, by region, 2014 - 2025
7.3 Engineering
7.3.1 Market estimates and forecast, 2014 - 2025
7.3.2 Market estimates and forecast, by region, 2014 - 2025
7.4 Environment
7.4.1 Market estimates and forecast, 2014 - 2025
7.4.2 Market estimates and forecast, by region, 2014 - 2025
7.5 Driverless Cars
7.5.1 Market estimates and forecast, 2014 - 2025
7.5.2 Market estimates and forecast, by region, 2014 - 2025
7.6 Exploration & Meteorology
7.6.1 Market estimates and forecast, 2014 - 2025
7.6.2 Market estimates and forecast, by region, 2014 - 2025
7.7 Cartography
7.7.1 Market estimates and forecast, 2014 - 2025
7.7.2 Market estimates and forecast, by region, 2014 - 2025
7.8 Others
7.8.1 Market estimates and forecast, 2014 - 2025
7.8.2 Market estimates and forecast, by region, 2014 - 2025

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/lidar-light-detection-and-ranging-market

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