LIDAR data is often collected by air, such as with this NOAA survey aircraft (right) over Bixby Bridge in Big Sur, Calif. Here, LIDAR data reveals a top-down (top left) and profile view of Bixby Bridge. NOAA scientists use LIDAR-generated products to examine both natural and manmade environments. LIDAR data supports activities such as inundation and storm surge modeling, hydrodynamic modeling, shoreline mapping, emergency response, hydrographic surveying, and coastal vulnerability analysis.
Data on consumer perspective, comprehensive analysis, statistics, market share, company performance, historical analysis from 2012 to 2017, volume, revenue, growth rate and CAGR forecast until 2026 are included in this report. The report also details the segmentation, application and regional segmentation of the product type. The LiDAR market analysis report covers an in-depth analysis of the LiDAR market value chain. The analysis of the value chain helps to analyze important raw materials, major equipment, production processes, customer analysis and major distributors.
The following report from LiDAR Market covers a detailed description, a competitive scenario, a wide range of market leaders and business strategies adopted by competitors in conjunction with their SWOT analysis. The report also provides Porter analysis, PESTEL analysis and market appeal, which helps the reader understand the market scenario at macro and micro level. Explicit information about mergers, acquisitions and joint ventures is also provided.
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Market Analysis: Global LiDAR Market
Global LiDAR Market is estimated to reach USD 9479 million by 2026, registering a healthy CAGR of 24.50% in the forecast period of 2019-2026.
The Global LiDAR Market report includes a range of inhibitors as well as driving forces of the market which are analysed in both qualitative and quantitative approach so that readers and users get precise information and insights about ABC industry. Statistical data mentioned in the report is symbolized with the help of graphs which simplifies the understanding of facts and figures. The Global LiDAR Market report helps define commerce strategies to the businesses of small, medium as well as large size. The analysis and estimations conducted via this report help to get an idea about the product launches, future products, joint ventures, marketing strategy, developments, mergers and acquisitions and effect of the same on sales, marketing, promotions, revenue, import, export, and CAGR values.
Market Definition: Global LiDAR Market
LiDAR- light detection and ranging is as is a laser based method wherein light is used in the form of a laser to measure the position or distances of object to the earth. It consists of 3D scanning and laser scanning therefore it can be called as 3D laser scanning. It consists of a laser, a scanner and a specialised GPS receiver. LiDAR provides accurate information, even if there is any disruption. They are now extensively being used by the automobile industry, in self driving cars, as it provides clarity and vision at all times and in all directions.
- Many companies are increasingly focusing on technological advancement of lidar devices in order to strengthen their product portfolios in the Lidar market
- Rising demand of 3D imaging technology across various application areas, and the increasing adoption of aerial LiDAR systems to explore and detect places, historic details, etc
- The increased demand for 3d imagery in areas such as military & defence, topographical surveys, civil engineering, and corridor mapping would expand the growth of this market
- The increased use of drones in areas such as defence, aerospace, agriculture would boost the growth of this market
- Rising demand for LiDAR in the automobile industry especially used as self-driving cars
- Technological advancements in lidar mapping, has increased their applicability and scope
- Growing initiative by the government to promote the growth of the LiDAR market
Key Market Competitors: Global LiDAR Market
Sick AG, Trimble Inc., Quantum Spatial, FARO Technologies, Inc., Beijing Beike Digital Medical Technology Co.,Ltd., Geokno India Pvt. Ltd.,Leica Geosystems AG, RIEGL Laser Measurement Systems GmbH , Velodyne Lidar, Inc., Geokno India Pvt. Ltd., Quanergy Systems, Inc., Innoviz Technologies Ltd., LeddarTech Inc, AutonomouStuff, TriLumina, Tetravue, Inc., Skylum, Princeton Lightwave, Inc., Neptec Technologies Corp., among others.
Table Of Contents Global Lidar Market
- Market Segmentation
- Executive Summary
- Premium Insights
- Market Overview
- Global Lidar Market, By Product
- Global Lidar Market, By Services
- Global Lidar Market, By Application
- Global Lidar Market, By Component
- Global Lidar Market, By Geography
- Global Lidar Market, Company Landscape
- Company Profiles
- Related Reports
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- High cost of lidar may hinder the growth of the market
- Low awareness about the benefits of LiDAR systems
Key Developments in the Market:
- In April 2019, Velodyne Lidar, the leader in LiDAR solution provider in USA, entered into an affirmative agreement with Nikon Corporation, under which Sendai Nikon Corporation, a Nikon subsidiary, for a multifaceted business alliance, wherein it would manufacture and mass produce lidar for the autonomous and advanced safety global market With this, Velodyne would expand its business line and enhance its lead in the global LiDAR market
- August 2018 – Sick AG has developed a new and innovative series of high-precision light detection and ranging sensors, i.e. LMS1000 and MRS1000 infrared LIDAR sensors. With this invention, the company has raised the bar in high-precision and reliable distance sensing and ranging
Competitive Analysis: Global LiDAR Market
Global LiDAR market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of LiDAR market for Global, Europe, North America, Asia Pacific, South America and Middle East & Africa
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Market Insights in the Report
- To describe and forecast the Global LIDAR Market, in terms of value, by process, product type, and industry.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Global LIDAR Market
- To gain insights about the major regional insights in which the Global LIDAR Market is flourishing.
- Recent industry trends and developments
- Potential and niche segments/regions exhibiting promising growth