openPR Logo
Press release

LIDAR systems Worth US$1.44 Billion by 2022 | MRFR

01-11-2018 10:16 AM CET | IT, New Media & Software

Press release from: Market Research Future - MRFR

LIDAR a.ka. Remote Sensing is a System that measures the distance between the sensor and the object by determining the time of the releases (announcement) and receiving (delivery) of the reflected pulse.

LIDAR stands for Light Detection & Ranging. LIDAR System does not require electromagnetic radiation but it requires laser pulses that strike the object back to the sensor.
LIDAR systems make the detection and mapping of objects easier than other conventional methods and hence it is the most preferred and adopted system worldwide.
LIDAR is used across all the important applications. For instance, terrestrial uses LIDAR which is infrared laser with approximately 900–1064 nanometers and water penetration green light with approximately 532 nanometers for the water measurement.
While explaining the Market Segmentation for the report; the Team Analyst states that the global LIDAR market has been segmented into five key dynamics for an easy grasp. These segmentations are - Segmentation by type, Segmentation by application, Segmentation by component, Segmentation by end-users and Segmentation by region.

Commenting on the Report the Team of Analysts of Market Research Future predicts that LIDAR Market is expected to be valued at USD ~1.44 billion by 2022 growing with ~21% of CAGR through the forecast period 2016 to 2022.

Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/2460

Major Key Players

Faro Leica Geosystems (Sweden),
Technology (U.S.),
Velodyne LiDAR, Inc. (U.S.),
Beijing Beike Technology Co., Ltd (isurestar) (China),
Riegl Laser Measurement Systems GmbH (Austria),
Quantum Spatial (Aerometric, Inc.) (U.S.),
Teledyne Optech Inc. (Canada),
YellowScan (France),
Geokno India Pvt. Ltd. (India),
Trimble Inc. (U.S.),

The key factors contributing to the growth of the LIDAR market are automated systems in LIDAR, adoption of applications such as aerial LIDAR and emergence of new applications. Also, the growth in this market can be attributed to the encouragement from the governments for its adoption, application of LIDAR in engineering projects & large magnitude set and rise in demand for robust security and sensor accuracy. The increasing demand of 3D imaging across various applications is also one of the factors that further contributes to the growth of the global LIDAR Market.
The adoption of LIDAR devices faces a tough challenge owing to its high cost. As compared to alternative technology; for instance RADAR, LIDAR instruments are available at about 10000 times the usual prices. However, with the fall in laser generator costs and 3D imaging software prices, the negative impact of this factor would reduce significantly.

Browse Full Report @ https://www.marketresearchfuture.com/reports/lidar-market-2460

The competitive market of LIDAR is highly application based. GSS segment of LIDAR market globally drives the market. Due to which the market is expected to have higher growth rate as compared to the previous years.
GIS accounted for the largest market share majorly due to increasing demand for GIS services in canopy height estimation, forest planning, and harvesting planning applications. They are majorly adopted by the government for the forest management and for planning crops.
Let us have a glance at the regional analysis of the LIDAR Market. North-America is accounted for the largest market share, because of the increasing investment by various firms towards ADAS and driverless cars and also provides new opportunities for small, versatile, and low-cost LIDAR systems.
Europe holds the second largest market share owing to the rapid adoption of LIDAR systems.

Asia Pacific is emerging as the fastest growing market due to the awareness and the need for technology

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release LIDAR systems Worth US$1.44 Billion by 2022 | MRFR here

News-ID: 895506 • Views:

More Releases from Market Research Future - MRFR

Humic Acid Market Expected to Hit USD 1.14 Billion by 2032 with a Remarkable 10.69% CAGR
Humic Acid Market Expected to Hit USD 1.14 Billion by 2032 with a Remarkable 10. …
Humic acid is an organic substance formed through the natural decomposition of plant and animal matter in the soil. It is a key component of humic substances, which also include fulvic acid and humin. Known for its ability to improve soil fertility, enhance nutrient uptake, and stimulate plant growth, humic acid has become an essential input in modern agriculture. Beyond agriculture, it finds applications in horticulture, dietary supplements, animal feed,
Caustic Soda Market Poised to Growth USD 77.98 Billion by 2032 with Thriving CAGR of 6.10%
Caustic Soda Market Poised to Growth USD 77.98 Billion by 2032 with Thriving CAG …
Caustic soda, also known as sodium hydroxide (NaOH), is one of the most widely used industrial chemicals in the world. It is a strong alkali with highly corrosive properties, commonly produced via the chlor-alkali process along with chlorine and hydrogen as co-products. Caustic soda plays a vital role across multiple industries, including pulp and paper, textiles, alumina refining, soaps and detergents, water treatment, food processing, and chemicals manufacturing. The global caustic
Trenchless Pipe Relining Market Set to Grow at an Impressive CAGR of 12.9% Through 2034 | USD 342.15 Billion
Trenchless Pipe Relining Market Set to Grow at an Impressive CAGR of 12.9% Throu …
Trenchless pipe relining is an advanced method of repairing and rehabilitating existing pipelines without the need for extensive excavation. It involves inserting a liner coated with resin into a damaged or corroded pipe, curing it in place, and forming a new structural lining that restores functionality and extends the pipe's service life. This technology has gained significant traction as an efficient, cost-effective, and environmentally friendly alternative to traditional open-cut pipe
Explosives Market Set to Reach USD 40.2 Billion, with a Healthy 2.13% CAGR Till Forecasts 2035
Explosives Market Set to Reach USD 40.2 Billion, with a Healthy 2.13% CAGR Till …
The explosives market encompasses the production, distribution, and application of energetic materials used across a wide range of sectors - from mining, quarrying, and construction to defense, demolition, and special industrial applications. Explosives are engineered formulations designed to release energy rapidly and are typically classified by sensitivity, velocity of detonation, and intended use. While military applications attract attention for their strategic importance, commercial explosives for mining and infrastructure development constitute

All 5 Releases


More Releases for LIDAR

LiDAR Market Report 2024 - LiDAR Market Demand, Growth, And Segments
"The Business Research Company recently released a comprehensive report on the Global LiDAR Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry. Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of
Automotive LiDAR Market Is Booming Worldwide | Benewake, Garmin, Velodyne Lidar
The "Automotive LiDAR Market" intelligence report, just published by USD Analytics Market, covers a micro-level study of important market niches, product offers, and sales channels. to determine market size, potential, growth trends, and competitive environment, the Automotive LiDAR Market provides dynamic views. Both primary and secondary sources of data were used to generate the research, which has both qualitative and quantitative depth. Several of the major figures the study featured
LiDAR drone: Illuminating Landscapes through LiDAR-enabled Aerial Mapping
The aerial remote sensing defends critical infrastructure such as airports, banks, government buildings, and military bases among others. The fixed-wing type of drones offer prompt, unfailing, and efficient services to police and military forces since they need to be ready to react to any case quickly and make quick and relevant information. This type of drone is lucrative option compared to manhours and help to make certain public safety during
LiDAR Technology Market May See a Big Move | Trimble, Velodyne Lidar, YellowScan
Latest Study on Industrial Growth of Global LiDAR Technology Market 2022-2028. A detailed study accumulated to offer Latest insights about acute features of the LiDAR Technology market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and
LiDAR Drones Market Astonishing Growth with Top Influencing Key Players like Vel …
The LiDAR drones market was valued at USD 74.96 million in 2020, and is projected to reach a value of USD 525.86 million by 2026, recording a CAGR of 38.19% over the forecast period (2021 - 2026). Latest research on LiDAR Drones Market report covers forecast and analysis on a worldwide, regional and country level. The study provides historical information of 2016-2021 together with a forecast from 2022 to 2026 supported
LiDAR Drones Market 2021 Strategic Assessment- Velodyne LiDAR Inc., Phoenix LiDA …
Global LiDAR Drones Market This market research provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Research classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline. In 2019, the LiDAR drones market was valued at USD 38.16 million, and is projected to reach a value of USD