Selbyville, Delaware, June 13, 2019 (GLOBE NEWSWIRE) --

The environment LiDAR market is expected to register a growth rate of over 32% during the projected time period. The LiDAR technology provides real-time data for numerous geoscience applications to develop accurate & high-resolution maps and 3D models. The technology has been used to study the ecosystem of various wildlife species including different types of birds, insects, and animals. It is used to measure the vertical density of forest canopy to monitor forest fires and identify certain forest areas that enhance the productivity of wood quality. The LiDAR technology helps plan and manage a forest while increasing environmental quality.

The solid-state LiDAR market is expected to attain a high CAGR over the forecast timeline. The technology is currently in the development phase and is anticipated to be commercialized by the end of 2020. The automotive enterprises and OEMs are undertaking various strategic initiatives to accelerate the innovations in the solid-state LiDAR landscape.

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The topographic LiDAR market 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:

The North America region has held a major market share of over 50% in the LiDAR market 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 Europe LiDAR market is expected to grow at a CAGR of over 20% over the projected time period due to the increasing use of advanced LiDAR solutions on various engineering projects on a large scale. Another factor that has acted as a catalyst in the usage of LiDAR solutions is the rising use of UAVs for various recreational & commercial purposes. There has been an upsurge in the number of supportive government initiatives, encouraging enterprises to invest on LiDAR-based research along with the adoption of the LiDAR technology for numerous public sector applications such as flood relief and management.

The Asia Pacific LiDAR market is predicted to register a CAGR of more than 30% during the projected time duration led by increasing number of smart city initiatives in the countries including Japan, China, and India.

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Automotive LiDAR Market Size By Type (Mechanical, Solid-State), By Vehicle (Autonomous, Semi-Autonomous), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Netherlands, Sweden, China, India, Japan, South Korea, Singapore, Brazil, Mexico, UAE), Growth Potential, Competitive Market Share & Forecast, 2018 – 2024

Solid State Automotive LiDAR Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Russia, Spain, China, India, Japan, Australia & New Zealand, South Korea, Brazil, Mexico, Argentina, GCC, South Africa), Growth Potential, Competitive Market Share & Forecast, 2019 - 2025

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