LiDAR Market Dynamic Demand Analysis, Statistics, Trends and Investment Opportunities to 2025
The global LiDAR market is predicted by seasoned market analysts to expect high growth prospects taking birth on the back of leading applications such as meteorology, cartography, urban planning, exploration, driverless cars, advanced driver assistance systems (ADAS), engineering, and corridor mapping. Amongst all of these applications, the demand for LiDAR could be considerably improved by the rising usage of corridor mapping in roadways mapping.
Get Exclusive PDF Sample Copy Of This Report: https://www.tmrresearch.com/sample/sample?flag=B&rep_id=1757
The swelling demand in engineering and construction applications is anticipated to add to the popularity of ground-based LiDAR in the coming years. Nevertheless, there could also be opportunities created for other products such as unmanned aerial vehicle (UAV) LiDAR, aerial LiDAR, and solid-state LiDAR.
The global LiDAR market for driverless cars and ADAS is envisaged to grow at an aggressive pace in the near future. This could be because of the rising adoption of ADAS and growing inclination toward self-driven cars in important automotive regions such as North America and Europe. Besides this, the market for laser scanners could see a consistent rise in the foreseeable future owing a vital application in LiDAR related to scanning and the generation of 3D images of the scanned areas. The faster growth rate of this market could be attributed to the mounting demand for LiDAR system and quick development of laser technology.
Companies operating in the global LiDAR market are foreseen to hold a portfolio comprising of a broad array of products that could help diversify business risks and enable sustainable business growth.
Global LiDAR Market: Overview
LiDAR, acronym for Light Detection and Ranging, is a remote sensing technology that emits light towards a target object to unearth information about it and gauge the range of a distant target from the light that is being reflected back. It can be compared to RADAR and SONAR in many ways. However, unlike a RADAR and SONAR, LiDAR uses light waves of shorter wavelengths. The wavelengths of the electronic spectrum for LiDAR technology are mostly within the visible, ultraviolet, and infrared range.
The LiDAR technology helps in measuring of 3D structures directly and assessing the underlying terrain with high resolution and data accuracy. The two main types of LiDAR are Airborne LiDAR, consisting of topographic and bathymetric LiDAR, and Terrestrial LiDAR, consisting of mobile LiDAR and short range LiDAR.
Buy This Report @ https://www.tmrresearch.com/checkout?rep_id=1757<ype=S
Global LiDAR Market: Key Trends
The soaring demand for 3D imagery in different end use segments such as construction, transportation, power transmission, and defense and aerospace is the primary driving factor in the global LiDAR market. Additionally, LiDAR technology saves both cost and time which has resulted in their higher uptake compared to conventional methods of mapping. LiDAR technology has already superseded photogrammetry as it steals a march over the latter in terms of light independency and high accuracy.
Countering the growth in the global LiDAR market is the complexity in data interpretation because of dearth of standardization.
Global LiDAR Market: Market Potential
LiDARs find application in autonomous driving, which is yet to become mainstream. Once it so happens, their market will receive a substantial boost. LiDAR/INS integrated navigation systems can bring about continuous and accurate navigation solutions in GNSS-challenged environments, on different platforms that include mobile robot navigation, unmanned ground vehicles, and autonomous driving. Another factor working to their favor are their increasing availability and decreasing prices.
Depending upon the type of product, the global LiDAR market is segmented into terrestrial LiDAR and airborne LiDAR. Among them, airborne or aerial LiDAR mapping leads the market. Based on application again, the LiDAR market is divided into transmission lines, forestry, infrastructure, coastal, transportation, defense and aerospace, flood mapping, and others such as hydrography and mining.
Different coastal applications contribute maximum to the LiDAR market because of the growing utilization of LiDAR in disaster management and control. In terms of growth, however, transmission lines will overtake all other segments in the LiDAR market because of robust demand for power utilities.
Global LiDAR Market: Regional Outlook
Geography-wise, the global market for LiDAR is segmented into Asia Pacific, North America, Europe, and the Rest of the World. Among them, North America is a market leader because of high penetration of LiDAR in defense and military applications and substantial spending on research and development to improvise on existing LiDAR technologies. Europe trails North America in terms of market share and going forward is predicted to overtake North America due to the presence of prominent players bolstering the market and catering to the rising demand for the massive consumer base. The Rest of the World and Asia Pacific will also witness stellar growth.
Global LiDAR Market: Competitive Analysis
Some of the main strategies adopted by companies in the global LiDAR market is new product development and enhancements leveraging cutting-edge technologies. To assess the competition in the global market for LiDAR, the report profiles companies such as Airborne Hydrography AB, 3D Laser Mapping Ltd., Aerometric Inc., DigitalWorld Mapping Inc., Intermap Technologies Corp., FARO Technology, Inc., RIEGL Laser Measurement Systems GmbH, Leica Geosystems AG, Mosaic 3D, Avent Lidar Technology, Firmatek 3D Mapping Solutions LLC, and Optech Incorporated.
To know more about the table of contents, you can click @ https://www.tmrresearch.com/sample/sample?flag=T&rep_id=1757
About TMR Research
TMR Research is a premier provider of customized market research and consulting services to busi-ness entities keen on succeeding in today's supercharged economic climate. Armed with an experi-enced, dedicated, and dynamic team of analysts, we are redefining the way our clients' conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.
3739 Balboa St # 1097,
San Francisco, CA 94121
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release LiDAR Market Dynamic Demand Analysis, Statistics, Trends and Investment Opportunities to 2025 here
News-ID: 2062087 • Views: 161
More Releases from TMR Research
Automotive Vision System Market Share and Growth Factors Impact Analysis 2021 - …
Automotive Vision System Market: Introduction A system that increases the vehicle driver's perception during night or bad weather conditions is termed as Automotive night vision system (ANVS). The system is otherwise beyond the reach of the vehicle's headlights, thereby prevents accidents at night. It can also be defined as a system which assists the driver by increasing visibility during bad whether while providing safety. Vehicle which have automotive vision system integrated are
Waste Heat Recovery Market Competitive Landscape Analysis with Forecast by 2031
Waste Heat Recovery Market: Snapshot The waste heat recovery market has been expected to reach a valuation of US$ 65.87 Bn and expand at a CAGR of 6.90% in the foreseeable years from 2020 to 2030. The growth opportunities in the waste heat recovery market are attributed to the increasing prices of electricity and energy in the emerging economies. In addition to this, government regulations and incentives are also estimated to contribute
Physical Fitness Equipment Market Current Trends and Future Aspect Analysis | Ma …
Global Physical Fitness Equipment Market: Snapshot The physical fitness equipment market has been expected to reach a valuation of US$ 14.8 Bn and expand at a CAGR of 3.3% in the foreseeable years from 2020 to 2030. The revenue generation opportunities in the physical fitness equipment market are attributed to the increasing enthusiasm among people toward fitness. In recent years, the fitness industry has been growing at a noticeable speed owing to
Molecular Spectrometry Market Competitive Analysis and Forecast 2021-2031 | Grow …
Global Molecular Spectrometry Market: Snapshot Molecular spectrometry examines and quantifies the response of molecules on interaction with known amounts of energy. Molecules have some energy levels that can be studied by determining the molecule's energy exchange through emission or absorbance. Molecular spectrometry involves studying emission, absorption, or scattering of electromagnetic waves by atoms or molecules to quantitatively and qualitatively study atoms, molecules or physical processes. The interaction of matter with radiation
More Releases for LiDAR
LiDAR Drones Market Astonishing Growth with Top Influencing Key Players like Vel …
The LiDAR drones market was valued at USD 74.96 million in 2020, and is projected to reach a value of USD 525.86 million by 2026, recording a CAGR of 38.19% over the forecast period (2021 - 2026). Latest research on LiDAR Drones Market report covers forecast and analysis on a worldwide, regional and country level. The study provides historical information of 2016-2021 together with a forecast from 2022 to 2026 supported
LiDAR Drones Market 2021 Strategic Assessment- Velodyne LiDAR Inc., Phoenix LiDA …
Global LiDAR Drones Market This market research provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Research classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline. In 2019, the LiDAR drones market was valued at USD 38.16 million, and is projected to reach a value of USD
Global Light Detection and Ranging (LiDAR) Drones Market- Major Players are Velo …
Light detection and ranging (LiDAR) technology measures distance to a target with the help of lasers. This technology is relay on illuminating objects with the help of lasers and measures the reflected light with sensor. The technology is expected to offer drone technology with new wings in a multitude of different applications. Increase in demand for LiDAR drones for corridor mapping and precision agriculture applications is the key driving factor which
UAV LiDAR Market 2018 Global Key Leaders: 3DR, Phoenix LiDAR Systems, Faro Techn …
Market Highlights: UAV LiDAR Market: Information by Application (Commercial, Military), Component (Laser Scanners, Navigation & Positioning System), Type (Rotary-Wing, Fixed-Wing), & Region (North America, Europe, Asia-Pacific, Latin America)—Forecast till 2023 The global UAV LiDAR market is expected to grow at a significant CAGR during the forecast period due to technological developments in UAVs and the rising need for surveillance. With innovation in UAV technology, there has been a shift from the use
LiDAR technology Global Market 2018: Key Players – Airborne Hydrography, Appli …
LiDAR technology Industry Description Wiseguyreports.Com Adds “LiDAR technology -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2023” To Its Research Database This report studies the global LiDAR technology market status and forecast, categorizes the global LiDAR technology market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other regions. Lidar is
Global LiDAR Market 2018 | AutonomouStuff, Blom, Faro Technologies, Velodyne LiD …
Press Release - 30 May2018 Global Research and Development News -- . . "Global LiDAR Sales Market Report 2018" with coming years Industries Trends, projections of Global Growth, Major key player and Case study, Review, Share, Size, Effect. ' ' -In this report, the global LiDAR market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX%