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LIDAR Market 2024 Trends, Analysis, Growth, Opportunities, Forecast to 2031

08-06-2024 04:17 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

LIDAR Market

LIDAR Market

The global LiDAR market is anticipated to grow at a considerable CAGR of around 15% during the forecast period. The market growth is attributed to the increasing demand for 3D imagery in various application areas, such as topographical surveys, civil engineering, and corridor mapping. Moreover, the presence of key players in the market further contributes to the growth of the global LiDAR industry. The players are continuously making efforts to remain competitive in the market. For instance:

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In June 2021, Trimble announced the addition of a geotechnical portfolio to its geospatial automated monitoring portfolio through collaboration with Worldsensing, a wireless connectivity technology provider and manufacturer of geotechnical IoT monitoring systems. The collaboration enables survey, geotechnical and structural engineers to seamlessly expand their monitoring business opportunities with a comprehensive solution that incorporates geotechnical and geospatial data.

In November 2020, Lumentum Holdings Inc. acquired certain technology assets of TriLumina, including its patents and other intellectual property. TriLumina technology includes innovative flip-chip, back-emitting VCSEL arrays for use in a wide range of applications, including 3D sensing, automotive safety, and driver assistance systems and LiDAR, and other emerging applications.

Full report of LIDAR Market available @ https://www.omrglobal.com/industry-reports/lidar-market

Market Coverage

Segment Covered-
o By Product Type

o By Application

Regions Covered-
o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape- Faro Technologies Inc., Firmatek LLC, Ibeo Automotive Systems GmbH, Leica Geosystems Inc., Quanergy Systems, Inc, Trimble Inc., Velodyne Lidar, Inc., and Lumentum Holdings Inc.
Key Questions Addressed by the Report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?
Global LIDAR Market Report Segment

By Product Type

Ground-Based
Airborne LiDAR
Spaceborne
By Application

Surveying & Modeling
Corridor Mapping
Exploration & Detection
ADAS
Others


Reasons to Buying From us -

1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/lidar-market

Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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