Global LiDAR Market Size Study, by Component, by Product, by Application, by Service, and Regional Forecasts, 2017-2025
Global LiDAR Market is valued at approximately USD 490 million in 2016 is anticipated to grow with a healthy growth rate of more than 17.70% over the forecast period 2017-2025. The rising usage of drones for various purposes and upliftment from government sector in automation and adoption of LiDAR for different governmental activities like flood relief and management are driving this industry’s growth. Also, the capability of drones in automation and delivery sectors are making the key manufacturers expand in drone research.
The objective of the study is to define market sizes of different segments & countries in previous years and to forecast the values to the next eight years.
The report is designed to incorporate both qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study.
Furthermore, the report also caters the detailed information about the crucial aspects such as drivers & restraining factors which will define the future growth of the market. Additionally, it will also incorporate the opportunities available in micro markets for stakeholders to invest, detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
Component:
· Laser Scanners
· Navigation
· Positioning System
Product:
· Aerial LiDAR
· Ground-based LiDAR
· UAV LiDAR
· Solid State LiDAR
Application:
· Corridor Mapping
· Engineering
· Environment
· Metereology
· ADAS
· Driverless Cars
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Service:
· Aerial Surveying
· Asset Management
· GIS Service
· Ground-Based Surveying
Regional Market Analysis:
North America
· The U.S.
· Canada
Europe
· The UK
· Germany
The Asia Pacific
· China
· India
· Japan
Latin America
· Brazil
· Mexico
· Rest of the World
Furthermore, the years considered for the study are as follows:
· Historical year – 2015
· Base year – 2016
· Forecast period – 2017 to 2025
Some of the key manufacturers involved in the market are Velodyne LiDAR, SICK AG, Quanergy, 3D Laser Mapping, Quantum Spatial, Phoenix Aerial Systems, Hokuyo Automatic Co Ltd., and Airborne Imaging Inc. New product launches focus on continuous technology innovations, acquisitions, and effective mergers are some of the strategies adopted by the key manufacturers. The companies are also trying to dominate the market by product differentiation.
Target Audience of the LiDAR Market Study
· Key Consulting Companies & Advisors
· Large, medium-sized, and small enterprises
· Venture capitalists
· Value-Added Resellers (VARs)
· Third-party knowledge providers
· Investment bankers
· Investors
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