Delaware, March 09, 2017 (GLOBE NEWSWIRE) -- The report “World LiDAR Market - Opportunities and Forecast 2022”, available on MarketIntelReports, estimates that the market will register a CAGR of 18.5% till 2022.
Browse 47 Market Tables as well as 27 Figures which are spread through 112 Pages and an in-depth TOC on the “LiDAR Market 2022” http://www.marketintelreports.com/report/allied0078/world-lidar-market--opportunities-and-forecast-2015--2022
Scope & Regional Forecast of the LiDAR Market
Lidar can be described as a surveying process where the distance to a specific target is calculated after illuminating it with light emitted by a laser. A lidar sensor or lidar scanning techniques play a vital role in various activities like archaeology, geography, forestry, etc. Lidar data helps qualified personnel create models based on precise data in a very short time and easy manner. Other benefits provided by lidar mapping include faster processing of accurate images in 3D form. This superior processing ability of lidar technology is what makes it stand out from the other conventional methods for conducting geological surveys. Thus, the LiDAR Market is well-positioned to register a significant amount of growth during the forecast period of 2015-2022.
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The LiDAR Market revenue is expected to cross the $921 million mark, accompanied by a CAGR of 18.5%, by 2022. The primary growth drivers behind this kind of tremendous growth are expected to be: faster processing times provided by a lidar survey method; widening of lidar applications led by the growing popularity of 3D imaging technology; and rising adoption of lidar equipment for various simple purposes like exploring and detecting remote or historic locations.
Other technological advances are also expected to boost the LiDAR Market in the future starting with automated LiDAR technology. Integration with automation is expected to improve the overall functioning and user experience. These two criteria are essential for application in futuristic driver-less vehicles. Currently, aerial LiDAR scanning techniques drive the growth of the market owing to the growing popularity of drones. Military applications like corridor mapping and retail functions like package delivery are expected to drive future revenue.
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Prominent Segmentations Involved in the LiDAR Market
The LiDAR Market can be broken down into various segmentations on the basis of
- Product Type: Terrestrial, Aerial, Mobile and Short-range.
- Components: Lasers, Inertial navigation system, Camera, GPS/GNSS receiver and Micro-electro mechanical systems (MEMS).
- Application: Corridor mapping, Seismology, Exploration & detection and Others.
- End User: Defense & aerospace, Civil engineering, Archaeology, Forestry & agriculture, Mining industry and Transportation.
- Geographical Location: North America, Europe, Asia-Pacific and LAMEA.
Some of the sample companies profiled in the LiDAR Market report are as follows:
- Velodyne
- IBEO automotive systems GmbH
- Hokuyo Automatic Co. Ltd.
- Airborne Hydrography AB
- Leosphere SaS
- Faro Technologies Inc.
- Leica Geosystems Inc. (Hexagon)
- 3D Laser Mapping Inc.
- Firmatek LLC
- RIEGL Laser Measurement Systems GmbH
- Aerometric Inc.
- Mira Solutions Inc.
Why buy this report?
- Get a detailed picture of the LiDAR Market.
- Pinpoint growth sectors and identify factors driving change.
- Understand the competitive environment, the market’s major players and leading brands.
- A five-year forecast method is used in order to assess how the market is predicted to develop.
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