LiDAR Market to Grow at a CAGR of 18.5% during 2017–2025

LiDAR Market, According to a latest report published by Progressive Markets on the semiconductor and electronics sector, which titled, “Global LiDAR Market- Size, Trend, Share, Opportunity Analysis & Forecast, 2014-2025”, the industry is anticipated to register a CAGR of 18.5% during the period, 2017–2025. It is advantageous to new entrants and manufacturers owing to its characteristic to give them an edge of current dynamics of the market.

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The research describes the global LiDAR market in terms of scope and product. It comprises of summary of the industry in reference to market attractiveness, trends, and competitive scenarios. It incorporates the Porter’s Five Forces Analysis (PFFA) to have a comprehensive know-how of these landscapes in the industry. It evaluates them based on bargaining power of customers & buyers, threat of substitutes & new entrants, and industry rivalry. It bifurcates the market into product type, applications, end users, components and regions.

Based on product type, the report classifies the global LiDAR market into terrestrial/static, mobile, aerial, and short-range. Geographically, the study segments the industry into North America, Asia-Pacific, Europe, and Latin America Middle East & Africa (LAMEA). The report further classifies regions of the industry, such as the North America region, countries explored are Canada, U.S., and Mexico. In the Europe, nations discussed are France, U.K., Germany, Italy, and Spain. In the Asia-Pacific region, nations assessed are Japan, China, India, South Korea, and Australia. The LAMEA countries included are South Africa, Brazil, and Saudi Arabia. The industry finds its application in corridor mapping, exploration and detection, and seismology.

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According to the research, end users of the global LiDAR market include Defense and aerospace, archaeology, civil engineering, forestry and agriculture, transportation, and mining industry. The study classifies components of the industry into laser, camera, inertial navigation system, micro electro mechanical system (MEMS), and GPS/GNSS receiver. It analyzes market share by product types, applications, components, end-users, and regions for the period, 2014–2025.
The research evaluates size of the global LiDAR market of each product type, component, application, and end-user by region during the historic as well as forecast period, 2014–2016 and 2017–2025, respectively. It discusses major manufacturers of the industry, such as Airborne Hydrography AB, Faro Technologies Inc., Leosphere SaS, Leica Geosystems Inc. (Hexagon), Firmatek LLC, 3D Laser Mapping Inc., RIEGL Laser Measurement Systems GmbH, Mira Solutions Inc., Aerometric Inc., Quanergy Systems, Inc, and Optech Inc. (Teledyne Technologies). The experts assess each vendor based on different strategies adopted by them in order to keep themselves updated about evolvement in market trends. These strategies include collaboration, product development, acquisition, and product approval. Further, they business & finance segments and recent development. They also offer an overview of every top vendor.

In addition, the research helps to explore factors that drive and impede growth of the global LiDAR market. The aspects that propel progress of the industry include increase in demand of aerial LiDAR and 3D imaging. Apart from this, alternative factors that fuel market growth are better efficiency than other technologies and Automated processing in the LiDAR system. The analysts also highlight aspects that restrict growth of the market, such as less awareness and high costs of LiDAR systems.

Further, the report offers numerous takeaways of the global LiDAR market, such as it provides great competitive edge to manufacturers, stakeholders, and new entrants. These are comprehensive evaluation of aspects that have potential to restrict or drive the industry. The experts explore competitive scenario which helps them to understand the present rivalry within the geographical locations. Further, they assess the opportunities that prevail within these regional distributions. An in-depth assessment of developments in the market aids manufacturers and new entrepreneurs to understand the industry behavior. The research thoroughly follows the status of the products and also provides a substantial examination of top manufacturers of the market framework.

The study illustrates the abovementioned parameters of the global LiDAR market through tables and figures. For instance, there are table that depict market value of each product type, component, application, and end-user by region for the forecast period. There a few tables that show market share by geographies, product types, applications, end-users, and components during the historic period. It depicts the same characteristics through figures.

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This release was published on openPR.