LiDAR Market Set for Rapid Growth during 2020-2025 | Leica Geosystems AG, Trimble Inc, Teledyne Optech, FARO Technologies Inc, RIEGL Laser Measurement Systems GmbH, Sick AG, Quantum Spatial and Others.

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The LiDAR Market size is projected to reach USD 2.8 Billion by 2025 from an estimated USD 1.1 Billion in 2020, at a CAGR of 20.7% from 2020 to 2025.

Top Companies Profiled in the LiDAR Market:
• Leica Geosystems AG (Sweden)
• Trimble Inc. (US)
• Teledyne Optech (Canada)
• FARO Technologies Inc. (US)
• RIEGL Laser Measurement Systems GmbH (Austria)
• Sick AG (Germany)
• Quantum Spatial (US)
• Beijing SureStar Technology Co. Ltd. (China)
• Velodyne Lidar Inc. (US)
• YellowScan (France)

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“Based on technology, 4D LiDAR to be the fastest-growing technology segment between 2020 and 2025”
The growth of 4D LIDAR is attributed to the widespread adoption of 4D LiDAR in applications such as ADAS, driverless cars, and robotics. Autonomous vehicles require detailed understanding regarding the physical world around them, which can be achieved using 4D LiDAR.

“Based on installation type, ground-based LiDAR to be the fastest-growing installation type between 2020 and 2025”
Ground-based LiDAR scanning technology is widely used across a wide range of applications, such as mapping, engineering, environment, and meteorology. Ground-based LiDAR systems are either stationary or movable and are further segmented into static LiDAR and mobile LiDAR.

“Based on application, ADAS & driverless cars to be the fastest-growing application between 2020 and 2025”
The automotive industry is looking forward to autonomous vehicles and assisted technologies. Automotive companies are coming up with innovative technologies in advanced driver assistance systems (ADAS) using new and affordable sensors.

Competitive Landscape of LiDAR Market:
1 Overview
2 Market Ranking Analysis, 2019
2.1 Product Launches And Developments
2.2 Partnerships, Agreements, Contracts, And Alliances
2.3 Expansions
2.4 Acquisitions
3 Competitive Leadership Mapping
3.1 Visionary Leaders
3.2 Innovators
3.3 Dynamic Differentiators
3.4 Emerging Players

Reason to access this report:
This report will help market leaders/new entrants in this industry with information on the closest approximations of the revenue numbers for the overall LiDAR market and the sub segments. The report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.

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This release was published on openPR.