Press release
Faro Leica Geosystems Velodyne LiDAR Inc. (US) Beijing Beike Technology Riegl Laser Measurement Systems GmbH Quantum Spatial
Market Scenario:LIDAR stands for light detection and ranging which is also known as remote sensing. LIDAR does not require electromagnetic radiation but it requires laser pulses that strike the object back to the sensor. It measures the distance from the sensor to the object by determining the time between the releases to receiving of the reflected pulse.
Nowadays LIDAR Market is used everywhere 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. The usage of LIDAR systems has made detection and mapping of objects easier than other conventional methods.
LIDAR systems are used over conventional surveying methods due to their ability to provide highly accurate data and 3D scanning of images in a shorter time. The key factors contributing to the growth of the LIDAR market are data processing technologies over other technologies, automated systems in LIDAR, adoption of aerial LIDAR and emergence of new applications.
Other factors contributing to the growth of the market are rising demand of 3D imaging across various applications. However, less awareness about the benefits of LIDAR systems, use of expensive components in LIDAR systems i.e laser scanners, navigation system, high-resolution 3D cameras which collectively increases the cost of LIDAR systems are hampering the growth of the overall market. Also, over the forecast period LIDAR market would pose a higher impact on the increasing number of automated cars.
Geographically, North-America accounted for the largest market share for the global Lidar market.
The global LIDAR market is expected to reach USD ~1.44 billion by the end of 2022 with ~21 % CAGR during forecast period 2016-2022
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Key Players
• Faro Leica Geosystems (Sweden),
• Technology (US),
• Velodyne LiDAR,
• Inc. (US) Beijing Beike Technology Co.,
• Ltd (isurestar) (China),
• Riegl Laser Measurement Systems GmbH (Austria)
• Quantum Spatial (Aerometric, Inc.) (US)
• Teledyne Optech Inc. (Canada),
• YellowScan (France),
• Geokno India Pvt. Ltd. (India),
• Trimble Inc. (US),
• Teledyne Optech
• Inc. (Canada),
Segments:
For the purpose of this study, Market Research Future has segmented the market of LIDAR into application, type, component, end-users and region.
By Type-
• Terrestrial
• Airborne
By Component-
• Laser
• Navigation
• Camera
• GPS Receiver
• GSS Receiver
• MEMS
By Application-
• Seismology
• Corridor mapping
• Exploration
By End-Users-
• Oil & Gas
• Transportation
• Mining
• Tourism
• Defense and aerospace
• Archaeology
• Others
By Region-
• North-America
• Europe
• Asia-Pacific
• RoW
Regional Analysis
Regionally, North-America 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.
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Intended Audience
• Manufacturers
• Distributors
• Research firms
• Consultancy firms
• Software Developers
• Vendors
• Semiconductor Manufacturers
• Stakeholders
• End-user sectors
• Technology Investors
TABLE OF CONTENTS
1 MARKET INTRODUCTION
1.1 INTRODUCTION
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS
1.2.3 LIMITATIONS
1.3 MARKET STRUCTURE
2 RESEARCH METHODOLOGY
2.1 RESEARCH NETWORK SOLUTION
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH
2.4 FORECAST MODEL
2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST
2.4.2 MARKET SIZE ESTIMATION
3 MARKET DYNAMICS
3.1 INTRODUCTION
3.2 MARKET DRIVERS
3.3 MARKET CHALLENGES
3.4 MARKET OPPORTUNITIES
3.5 MARKET RESTRAINTS
Continue...
LIST OF TABLES
TABLE 1 GLOBAL LIDAR MARKET, BY COMPONENT
TABLE 2 GLOBAL LIDAR MARKET, BY APPLICATION
TABLE 3 GLOBAL LIDAR MARKET, BY END-USERS
TABLE 4 GLOBAL LIDAR MARKET, BY TYPE
TABLE 5 GLOBAL LIDAR MARKET, BY GEOGRAPHY
Continue...
LIST OF FIGURES
FIGURE 1 RESEARCH COMPONENT
FIGURE 2 GLOBAL LIDAR MARKET, BY COMPONENT (%)
FIGURE 3 GLOBAL LIDAR MARKET, BY APPLICATION (%)
FIGURE 4 GLOBAL LIDAR MARKET, BY END-USERS (%)
FIGURE 5 GLOBAL LIDAR MARKET, BY TYPE (%)
Continue...
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