Light Detection and Ranging Market To Grow In Near Future And With the High CAGR Value - Scalar Market Research

Light Detection and Ranging, also known as LiDAR is a method of surveying to measure target distance by the use of laser light. Some time it is also referred as Light Imaging, Detection and Ranging or laser scanning or 3D scanning. LiDAR has applications in geomatics, geology, geography, seismology, archaeology, airborne laser swath mapping and in many field to make high-resolution maps. It is commonly used in engineering, urban planning, exploration, cartography, metrology etc. The system principally consist of a laser, a scanner and GPS receiver and offers professionals to examine the environment with high precision, accuracy and flexibility.

The report on the global Light detection and ranging market uses the top-down and bottom-up approaches to define, analyze, and describe the market trends for the next five years. The report also tracks the emerging applications, innovative technologies, and mergers & acquisitions. It also focuses on the growth drivers and restraints for the key market players during the forecast period.

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KEY PREMIUM INDUSTRY INSIGHTS

The key reasons driving the growth of the Light Detection and ranging market includes increasing trend to use drones in various applications, continuous growth in LiDAR applications in Engineering and various other projects and increasing demand for efficient, technological superior system to minimize the human errors.

Automotive sector is one of the key growth opportunity drivers for this market.
However, factors like high cost and lack of awareness may hamper the growth of the Light Detection and Ranging Market.

LIGHT DETECTION AND RANGING MARKET, BY COMPONENT

LiDAR Laser Scanner
Navigation & Positioning

LIGHT DETECTION AND RANGING MARKET, BY PRODUCT

1. Ground-based LiDAR
2. Aerial LiDAR
3. UAV LiDAR

LIGHT DETECTION AND RANGING MARKET, BY SERVICE

1. Mapping and Modeling
2. Asset Management
3. Ground-based Surveying
4. Aerial Surveying
5. GIS Services

LIGHT DETECTION AND RANGING MARKET, BY APPLICATION

1. Engineering
2. Urban Planning
3. Exploration
4. Environment
5. Cartography
6. Metrology
7. Advanced Driver Assistance System
8. Corridor Mapping

Browse Report: https://www.scalarmarketresearch.com/market-reports/light-detection-and-ranging-market

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