Demand from a Range of Industries is Driving the Global LiDAR Market's Growth

According to a new market research report launched by Inkwood Research, the Global LiDAR Market is proliferating at a CAGR of 22.49% between 2021 and 2028, and anticipated to progress around $2990.36 million in terms of revenue by 2028.

This insightful market research report by Inkwood Research focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. The report covers all the aspects of this comprehensive market, by assessing major geographies, and is a valuable asset for the existing players, new entrants, and future investors. The study presents a detailed market analysis, with inputs derived from industry professionals across the value chain.

Refer to the Report Summary Here: https://inkwoodresearch.com/reports/lidar-market/#report-summary?utm_source=PaidPRNew&utm_medium=OpenPR&utm_campaign=InkwoodPR

The United States LiDAR market is projected to record a CAGR of 22.19% during the forecast years from 2021 to 2025.
Here's a link to our Country Report Summary: https://inkwoodresearch.com/reports/united-states-lidar-market/#report-summary

Global LiDAR Market Scenario

A laser scan known as "light detection and ranging" (LiDAR) uses 3D technology to emit laser beams in order to model the target. The technology is becoming more and more popular, as seen by the consumer, government, and business sectors, which is driving the market. One of the main things driving market demand is the superior features with a range of benefits. It is utilized in the public sector for city and forest management, as well as for planning and monitoring railroad operations. The mechanism in the driverless car is being implemented, and consumers are seeing it. The main cause of this is the increase in research and development. Additionally, during the course of the projection period, the expanding utilization in airborne applications is anticipated to fuel the expansion. However, the underutilized potential of LiDAR and the high system cost are impeding the global market's expansion.

The Global LiDAR Market report provides data tables and includes charts and graphs for visual analysis.

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Market Segmentation

Market by Component
• Inertial Navigation System
• Laser Scanners
• GPS
• Cameras
• Other Components

Market by Application
• Seismology
• Detection & Exploration
• Corridor Mapping
• Other Applications

Market by Product Type
• Aerial LiDAR
o Aircraft
o Unmanned Aerial Vehicle (UAV)
o Satellite
• Terrestrial LiDAR
o Mobile Terrestrial LiDAR
o Static Terrestrial LiDAR

Market by End-User
• Forestry and Agriculture
• Civil Engineering
• Automotive
• Archaeology
• Aerospace & Defense
• Mining

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Report Highlights
- The report provides a detailed analysis of the current and future market trends, to identify the investment opportunities
- Market forecasts till 2028, using estimated market values as the base numbers
- Key market trends across the business segments, regions and countries
- Key developments and strategies observed in the market
- Market dynamics such as drivers, restraints, opportunities and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2028

Companies Profiled
• LEICA GEOSYSTEMS AG.
• RIEGL LASER MEASUREMENT SYSTEMS GMBH
• TOPCON CORPORATION
• AIRBORNE HYDROGRAPHY AB
• VELODYNE LIDAR, INC.
• TRIMBLE INC.
• PHANTOM INTELLIGENCE INC.
• FARO TECHNOLOGIES INC.
• TELEDYNE OPTECH
• QUANERGY SYSTEMS INC.

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This release was published on openPR.