Light detection and ranging (LiDAR) is an advanced position detection technique. It is used in measurement of accurate and precise positions of physical objects. In LiDAR technology, a guided laser beam is used to locate the accurate position of an object to the scanner of the LiDAR system.
Scope of the Report:Lack of awareness about the benefits of LIDAR coupled with inadequate knowledge about the working of LIDAR among the inexpert consumers is acting as one of the major restrains for the global LIDAR market. Moreover, the high initial setup cost of LIDAR system is hindering the wide acceptance of LIDAR system in cost sensitive markets of Asia-Pacific.
North America is the largest market of LiDAR followed by Europe and Asia-Pacific. The market dominance of North America is attributed to wide use of LiDAR system in commercial and defence aviation sectors. Asia-Pacific is the fasted growing market of LiDAR system, owing to the increasing demand of the LiDAR system from the civil construction and mining industries. Also, the increasing defence budget of developing countries, such as China and India, is further boosting the market of LiDAR system in this region.
The global Light Detection and Ranging market is valued at xx million USD in 2020 and is expected to reach xx million USD by the end of 2026, growing at a CAGR of xx% between 2020 and 2026.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Light Detection and Ranging.
Europe also play important roles in global market, with market size of xx million USD in 2020 and will be xx million USD in 2026, with a CAGR of xx%.
This report studies the Light Detection and Ranging market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Light Detection and Ranging market by product type and applications/end industries.
Market Segment by Companies, this report covers Digitalworld Mapping
Trimble Navigation
Aerometric
Firmatek
IGI
Leica Geosystems
Optech
Raymetrics
Avent Lidar Technology
Renishaw
Airborne imaging
RIEGL
Faro Technologies
Velodyne LiDAR
Market Segment by Regions, regional analysis covers North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers Airborne LIDAR
Terrestrial LIDAR
Mobile LIDAR
Short Range LIDAR
Market Segment by Applications, can be divided into Government
Civil Engineering
Military
Defence and Aerospace
Corridor Mapping
Topographical Surveys
Volumetric Mapping
Others
Frequently Asked Questions
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
- By Type
- By Application
- By Region
- By Country
- By Manufacturer
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
