LiDAR Market Size 2019 By Product, Type, Application, Region, Global Competitive Landscape, & Forecast 2025 | Statistics Report

The size of topographic LiDAR market is anticipated to grow at a CAGR of more than 25% during the projected time duration due to their ability to penetrate forest canopy and generate precise 3D models of various regional landscapes.

Selbyville, Delaware, USA - June 7, 2019 /MarketersMedia/ —

The North America region has held a major LiDAR market share of over 50% in 2018. This is attributed to the strong foothold of large automobile companies operating in the region, undertaking various R&D initiatives to develop advanced LiDAR devices. The rising use of drones for recreational & commercial purposes is also spurring the market.

The Asia Pacific LiDAR market size is expected to register a CAGR of over 35% during the projected time duration. The increasing number of smart city initiatives in the countries including Japan, China, and India has given rise to various new expansion opportunities for the market.

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The mechanical LiDAR market size is anticipated to register a growth rate of over 32% during the forecast timeline. This is attributed to the widespread demand for mechanical LiDAR devices in driverless cars. The companies operating in the automotive sector are exploring new ways to drive the price of manufacturing mechanical LiDAR systems.

The corridor mapping LiDAR market held more than 30% share in 2018 due to the rising demand for high-resolution and real-time data in network and infrastructure management services across numerous industry verticals such as roads, utilities, railways, and oil & gas. The corridor mapping allows the generation of high-resolution 3D models and maps of infrastructures, rivers, coastal sections, powerlines, roads, and networks. It thoroughly maps and scans the examined lines to process the 3D cloud data and characterize the elements of interest.

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The topographic LiDAR market size is anticipated to grow at a CAGR of more than 25% over the projected time duration. The topographic systems are witnessing a high degree of demand due to their ability to penetrate forest canopy and generate precise 3D models of various regional landscapes. The topographic devices are being used to develop digital terrain models, contours, topographic classified point clouds, digital surface models, and topographic point clouds. The players present in the market are developing customized products to cater to applications such as disaster planning, forest inventory, country & state side mapping, soil erosion management, and emergency management.

Some of the players operating in the LiDAR market are Geodigital, Innoviz Technologies, Leddartech, Ouster, Quantum Spatial, Teledyne Optech, Topcon Positioning Systems, Riegl Laser Measurement Systems, Quanergy Systems, Trimble, Velodyne LiDAR, Yellowscan. Valeo, Geokno, Beijing Surestar Technology, Leica Geosystems, Michael Baker International, and Faro Technologies.

Browse key industry insights spread across 240 pages with 388 market data tables & 27 figures & charts from the report, “LiDAR Market Size By Product (Airborne [Topographic, Bathymetric], UAV, Terrestrial [Mobile, Static]), By Type (Mechanical, Solid-state), By Application (Corridor Mapping [Roadways, Railways, Bridges & Tunnels], Engineering, Environment, Driverless Cars, Exploration & Meteorology, Cartography), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Australia, China, India, Japan, South Korea, Brazil, Mexico, GCC, South Africa), Application Development, Competitive Landscape & Forecast, 2019 - 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/lidar-light-detection-and-ranging-market

Table of Contents (ToC) of the report:
Chapter 3 LiDAR Market Insights
3.1 Introduction
3.2 Industry segmentation
3.3 Industry landscape
3.4 Industry ecosystem analysis
3.5 Industry ecosystem analysis
3.6 Technology & innovation landscape
3.6.1 Single photon or Geiger mode systems
3.6.2 Multi Pulse-in Air
3.7 Use cases
3.7.1 Land surveying
3.7.2 Power line inspection for maintenance
3.7.3 Forestry and farming
3.7.4 Mining
3.8 Regulatory landscape
3.9 Industry impact forces
3.9.1 Growth drivers
3.9.1.1 Increasing demand for mapping
3.9.1.2 Growing demand for 3D imaging
3.9.1.3 Increasing adoption among environment & government applications
3.9.1.4 Advent of solid-state LiDAR technology
3.9.1.5 Deployment of LiDAR in UAVs
3.9.2 Industry pitfalls and challenges
3.9.2.1 Software development gap
3.9.2.2 Lack of standardization
3.10 Growth potential analysis
3.11 Porter’s analysis
3.12 PESTEL analysis
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/lidar-light-detection-and-ranging-market

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