Europe LiDAR Market 2021 Business Scenario – Topcon Corporation, Riegl Laser Measurement Systems GmbH

The Europe LiDAR Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The Europe LiDAR market is expected to register a CAGR of 24% during the forecast period (2020 - 2025).

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Top Leading Companies of Europe LiDAR Market are Leica Geosystems Ag, Topcon Corporation, Riegl Laser Measurement Systems GmbH, Velodyne Lidar Inc., Quanergy Systems Inc., Phantom Intelligence Inc., Neptec Technologies Corp., Innoviz Technologies Ltd, Geoslam, Sick Ag, Trimble Inc., TELEDYNE Optech, Denso Corporation, Faro Technologies Inc. and others.

Industry News and Updates

- In June 2020 - Quanergy Systems, which offers LiDAR sensors and smart perception, announced a partnership with Milexia, a distributor of RF and microwave components for the electronics industry, to expand its offerings in Europe. _
- In May 2019 - Leica Geosystems launched its Leica Cyclone FIELD 360 laser scanning mobile-device app, which now works in conjunction with the Leica BLK360 imaging laser scanner, to create a laser scanning ecosystem.

Key Market Trends

Increasing Adoption of LiDAR in the Automotive Industry_ to Drive the Market Growth

- With the growing consumer propensity toward electric vehicles and the growing adoption of autonomous technology in the industry, the LiDAR market is expected to attract significant investments in the region. For instance, in August 2019, Ouster, a provider of LiDAR sensors for autonomous vehicles, mapping, and robotics, announced its expansion into Europe with a new office in Paris.
- To meet the growing demand for LiDAR sensors, various automobile OEMs have started working on new electric cars and presenting them at auto expos. Additionally, these OEMs have started setting up multiple factories across the region to gain a competitive advantage in terms of first-mover advantage in the marketplace.
- In January 2020, Bosch announced its plans to produce long-range LiDAR sensors for the LiDAR system suitable for automated driving. The company's sensor will be used in conjunction with cameras and RADAR sensors to detect long and short ranges for the highway and cities. Such developments are expected further to enhance the demand for 3D sensors in the industry.
- With the recent technological advancements in reducing both size and cost of the sensor, LiDAR sensors are expected to be used in autonomous vehicle technology. They have become commonplace in mass-market vehicles such as cameras, radars, and other low-cost safety technology.

Regional Outlook of Europe LiDAR Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Europe LiDAR Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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