LiDAR Market Growth, Trends and Forecasts (2017 - 2022)

Market Insights

The Asia-Pacific LiDAR market was estimated at USD 0.22 billion in 2015 and is projected to reach USD 0.54 billion by 2022, at a CAGR of 20.34% over the forecast period. The major driving forces for the LiDAR market include increasing use of drones for multiple applications, potential in delivery and automation sectors leading organizations to invest in drone research, encouragement from the government sector in automation and adoption of LiDAR in various government sector activities like flood relief and management.

Market Dynamics

Miniaturization of hardware components means that the technology can now be adapted to new applications, even when it is airborne. The growth in research and development of self-driven cars in automotive sector beckons increasing use of LiDAR. Also, the growth of 3D printing market and increasing demand for 3D printed images are driving the market. The market is constrained by the relatively high cost of equipment and surveying applications, unawareness and lack of education when it comes to technology and the development of new and better structure from motion (SFM) technology as a competitor.

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Growth in the Asia-Pacific region is fueled by the developed nations of Australia, New Zealand and Japan and the rapidly emerging economies of China, with the highest GDP due to industrial growth and India, accounting for the largest IT hub. In Malaysia, the government has been using LiDAR to map the water table depth, flood risk in coastal areas and canal blocking restoration requirements.

Market Segmentation

The LiDAR market is segmented by technology (rayleigh, mie, raman, and fluorescence); by application (airborne, terrestrial, mobile, and short range); by component (GPS, data storage and management, inertial navigation systems, laser scanner); and by end-user application (civil engineering, archeology, mining & forestry, military, corridor mapping and topographical survey).

Competitive Environment

The report includes competitive assessment of market players, profiles, products and services, business strategies, recent developments and innovation, market landscape, future trends and forecasts, and mergers & acquisitions. The major companies dominating this market for their products, services, and continuous product developments are:

SICK AG
Hokuyo Automatic Co Ltd.
Velodyne LiDAR
Quanergy
Phoenix Aerial Systems
3D Laser Mapping
Quantum Spatial
Airborne Imaging Inc.
Avent LiDAR Technology
Faro Technology
GeoDigital
Leica GeoSystems AG

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Key Deliverables in the Study

Market analysis for the Asia-Pacific LiDAR market, with region specific assessments and competition analysis on global and regional scales.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market shares.
Identification and analysis of the macro and micro factors that affect the Asia-Pacific LiDAR market on both global and regional scales.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights into the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights into the major countries/regions in which this industry is growing and identifying the regions which are still untapped.

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