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Light Detection and Ranging (LiDAR) Market to Exceed US$ 3 Billion by 2022

Light Detection and Ranging (LiDAR) is a remote sensing tools that measures scattered light to determine information and variety of target. LiDAR is corresponding to radar insure components. However, LiDAR makes use of waves of shorter wavelengths unlike radar, which uses radio waves for measuring goals. The wavelengths of the digital spectrum for LiDAR generation usually lie within the visible, ultraviolet and infrared range. The LiDAR generation allows direct dimension of 3-D systems and underlying terrain with excessive resolution and excessive information accuracy. The 2 essential kinds of LiDAR include airborne LiDAR which includes topographic and bathymetric LiDAR and terrestrial LiDAR that consists of cellular LiDAR and quick variety LiDAR.

Browse Full Report: https://www.marketresearchengine.com/lidar-market-report

The Global LiDAR Market is expected to exceed more than US$ 3 billion by 2022 and will grow at a CAGR of more than 12.1% in the given forecast period.

The scope of the report includes a detailed study of global and regional markets for Global LiDAR Market with the reasons given for variations in the growth of the industry in certain regions.

Table of Contents

1 INTRODUCTION
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
5.1 Introduction
5.2 LiDAR Lite
5.3 Evolution
5.3.1 3D LiDAR
5.4 Market Segmentation
5.4.1 LiDAR Market, By Product
5.4.2 LiDAR Market, By Component
5.4.3 LiDAR Market, By Application
5.4.4 LiDAR Market, By Service
5.4.5 LiDAR Market, By Geography
5.5 Market Dynamics
5.5.1 Drivers
5.5.1.1 Encouragement From the Governments and Institutes for Adoption of LiDAR
5.5.1.2 Continuously Increasing Use of Drones in Various Applications
5.5.1.3 LiDAR Application in Engineering Projects and Large-Magnitude Set
5.5.1.4 Technological Superiority of LiDAR
5.5.1.5 Automation in LiDAR Systems Leading to Increased Efficiency and Reduced Human Efforts
5.5.1.6 Rise in Demand for Robust Security and Sensor Accuracy
5.5.2 Restraints
5.5.2.1 High Cost of LiDAR and High Expense in Surveying Application
5.5.2.2 Lack of Awareness Among Customers
5.5.3 Opportunities
5.5.3.1 Vertical Forward Integration
5.5.3.2 Automotive Sector Offers New Opportunities for the LiDAR Market
5.5.4 Challenges
5.5.4.1 Environment Constraints Pose A Challenge for the Use of LiDAR
6 Industry Trends
7 LiDAR Market, By Component
8 LiDAR Market, By Product
9 LiDAR Market, By Application
10 LiDAR Market, By Service
11 Geographical Analysis
12 Competitive Landscape
13 Company Profile
13.1 Introduction
13.2 Quantum Spatial (Aerometric, Inc.)
13.3 Faro Technologies
13.4 Beijing Beike Technology Co., Ltd (Isurestar)
13.5 Leica Geosystems
13.6 Teledyne Optech Inc.
13.7 Riegl Laser Measurement Systems GmbH
13.8 Velodyne LiDAR, Inc.
13.9 Yellowscan
13.10 Geokno India Pvt. Ltd.
13.11 Trimble Inc.
13.12 Sick AG
13.13 Startup Ecosystem
13.13.1 Quanergy Systems, Inc.
13.13.2 Innoviz Technologies Ltd
13.13.3 Innoluce Bv, an Infineon Company

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