Global LIDAR Market 2017 Followed by like Quantum Spatial, FARO Technologies, Inc., Beijing Beike Digital Medical Technology Co.,Ltd., Leica Geosystems AG and Trends By 2024

LIDAR stands for Light Detection and Ranging, which is a remote sensing method that uses light in the form of a pulsed laser to measure distance to a target by a sensor. The distance is measured in terms on basis of the time between transmitted and reflected pulses. This technology is popularly being used in both terrestrial and hydrographic surveys as it has replaced the traditional, time-consuming, and expensive methods to collect the data. The market is significantly being driven by the increasing demand for drones in surveying, rising automation in engineering applications, and technological advancements in the LIDAR systems. However, the lack of awareness about the technology, and the high cost of implementation are the factors hampering the growth of the market.

The Global LIDAR Market accounted for USD 1.28 billion in 2016 growing at a CAGR of 24.6% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Global LIDAR Market By Geography, Component (Laser Scanners, Navigation & Positioning Systems); Product (Aerial, Ground-Based, UAV, Solid-State), Service (Aerial Surveying, Asset Management, GIS Service, Ground-Based Surveying, Mapping & Modeling), Application (Corridor Mapping, Engineering, Environment, ADAS & Driverless Cars, Exploration, Urban Planning, Cartography, Meteorology) – Industry Trends and Forecast to 2024

Key Questions Answered in Global LIDAR Market Report:-
Our Report offers:-

What will the market growth rate, Overview and Analysis by Type of Global LIDAR Market in 2024?

What are the key factors driving, Analysis by Applications and Countries Global LIDAR Market?

What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Global LIDAR Market?

Who are Opportunities, Risk and Driving Force of Global LIDAR Market?

Who are the opportunities and threats faced by the vendors in Global LIDAR Market?

Business Overview by Type, Applications, Gross Margin and Market Share
What are the Global LIDAR Market opportunities, market risk and market overview of the Market?

TOP Competitors of Market:

• Quantum Spatial,
• FARO Technologies, Inc.,
• Beijing Beike Digital Medical Technology Co.,Ltd.,
• Leica Geosystems AG,
• Teledyne Optech Incorporated,
• RIEGL Laser Measurement Systems GmbH,
• Velodyne LiDAR, Inc.,
• YellowScan,
• SICK AG,
• Trimble Inc.,
• Quanergy Systems, Inc.,
• Innoviz technologies, Inc.,
• Infineon Technologies AG,
• Leddartech,
• Leosphere,
• Mira Solutions, Inc.,
• Teledyne Optech Incorporated,
• Geokno India Private Limited.

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Market Defination:-

LIDAR stands for Light Detection and Ranging, which is a remote sensing method that uses light in the form of a pulsed laser to measure distance to a target by a sensor. The distance is measured in terms on basis of the time between transmitted and reflected pulses. This technology is popularly being used in both terrestrial and hydrographic surveys as it has replaced the traditional, time-consuming, and expensive methods to collect the data. The market is significantly being driven by the increasing demand for drones in surveying, rising automation in engineering applications, and technological advancements in the LIDAR systems. However, the lack of awareness about the technology, and the high cost of implementation are the factors hampering the growth of the market.

Major Market Drivers:
• Increasing demand for drones
• Increasing usage of LIDAR in engineering applications
• Government initiatives for adoption of LIDAR
• Technological developments in LIDAR systems
• Lack of awareness among the customers
• High cost of equipment

Market Segmentation:

On the basis of components:- laser scanners, navigation & positioning systems, and others.

On the basis of product:-Aerial, ground-based, UAV, and solid-state.

On basis of service:-Aerial surveying, asset management, GIS service, ground-based surveying, mapping and modeling, and others

On the basis of application:- Corridor mapping, engineering, environment, ADAS & driverless cars, exploration, urban planning, cartography, meteorology, and others.

On the basis of geography:- North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.

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