Russia LiDAR Market Deemed to Attain USD 78.8 Million in Revenue By 2030 | Infinium Global Research

Infinium Global Research has added a new report on Russia LiDAR Market. The report covers the analysis of regional markets of Russia. Moreover, the report gives insights into the factors that affect the regional performance of the market in the short run and in the long run. The Russia lidar market is a customer intelligence and competitive study of the demand, forecasts, trends, and macro indicators in Russia market. The dynamics including drivers, restraints, opportunities, political, socioeconomic factors, technological factors, key trends, and future prospects. The Russia lidar market was valued at USD 39.4 Million in 2022 and is expected to reach USD 78.8 Million by 2030 and grow at a CAGR of 10.41% over the forecast period.

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LiDAR (Light Detection and Ranging), the cutting-edge obstacle distance measurement method, is making waves in Russia, driving innovation and efficiency in various sectors. LiDAR systems are equipped with laser-based technology that creates digitized 3-D images of the target. These systems have revolutionized data collection by offering unparalleled accuracy, precision, and flexibility.

LiDAR devices consist of a laser, a scanner, and an advanced GPS receiver. The most popular platforms for gathering LiDAR data over extensive areas in Russia are aircraft and helicopters. Scientists, mappers, and industries can leverage the capabilities of LiDAR to analyze natural and artificial settings with remarkable precision. In Russia, LiDAR is changing the landscape of several fields, including archaeology, climate monitoring, city planning, meteorology, mining, and more, thanks to its adaptability and high resolution.

The demand for LiDAR technology in Russia is on the rise, driven by various factors, including the growing use of LiDAR systems in unmanned aerial vehicles (UAVs) and its integration into engineering and construction applications. LiDAR devices' extraordinary precision makes them indispensable in autonomous vehicles, self-driving automobiles, railroads, and UAV applications. The utilization of aerial vehicles in various industries is a growing trend. Notably, in November 2021, Yandex NV announced the successful rollout of its proprietary LiDARs on its Autonomous Vehicle (AV) Fleet. Yandex NV began developing its own LiDAR sensors for self-driving cars in 2019 and completed developmental trials in 2021. Furthermore, LiDAR technology is actively used in drones for mapping, surveying forests, and in the mining industry. Russia's prominence in mining and the oil & gas sector provides vast opportunities for LiDAR applications in aerial mapping, surveying, and gas exploration.

However, international sanctions on Russia have disrupted the supply of critical raw materials and components required for manufacturing LiDAR systems, which is expected to pose challenges for market growth. Nevertheless, new opportunities are emerging as local companies in Russia are actively developing indigenous LiDAR systems, reducing dependence on foreign sources.

Major companies operating in the Russian LiDAR market include ScanViz Lidar Systems, Velodyne Lidar, Laser Systems JSC, Yandex NV, and Valeo. Yandex NV, a domestic player, has developed its own LiDAR systems for self-driving cars and has the potential to supply LiDAR components and systems to companies working on Advanced Driver Assistance Systems (ADAS) or autonomous vehicles. In November 2021, Yandex NV introduced its proprietary LiDARs on its AV Fleet, a project initiated back in 2019. Foreign companies like Velodyne Lidar have been focusing on partnering with drone manufacturers in Russia to expand their LiDAR offerings for various applications. For instance, in April 2021, Velodyne Lidar announced a multi-year agreement with AGM Systems, in which the AGM-MS3 UAV would use Velodyne's Ultra Puck LiDAR sensor for aerial mapping.

The Russian LiDAR market offers ample room for new entrants, as only a few companies currently operate in this sector in the country. Competition among market players is currently moderate, but it is expected to intensify in the near future.

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Chapter 1. Report Overview

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

Chapter 3. Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.2.4. Challenges

3.3. PEST-Analysis

3.4. Porter's Diamond Model for Russia LiDAR Market

3.5. IGR-Growth Matrix Analysis

3.6. Competitive Landscape in Russia LiDAR Market

Chapter 4. Russia LiDAR Market by Product

4.1. Airborne

4.2. Terrestrial

4.3. Mobile & UAV

Chapter 5. Russia LiDAR Market by Component

5.1. GPS

5.2. Navigation (IMU)

5.3. Laser Scanners

5.4. Others

Chapter 6. Russia LiDAR Market by Application

6.1. Corridor Mapping

6.2. Engineering

6.3. Environment

6.4. Exploration

6.5. ADAS

6.6. Others

Chapter 7. Company Profiles

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Reasons to Buy this Report:

=> Comprehensive analysis of regional markets of Russia LiDAR.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

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