According to MarketIntelReports’ “Global LiDAR Market Professional Survey Report 2017”:
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The Lidar detection system is defined as a remote sensing technology that can measure scattered light to find information about an object. It is similar to radar in some aspects. However, it uses shorter wavelengths. The lidar sensor can measure 3D structures and terrains using a high data accuracy. The LiDAR Market is divided into two types namely airborne LiDAR and Terrestrial LiDAR. The factors responsible for the growth of lidar mapping are growing demand for 3D imaging technology, adoption of aerial lidar systems to find places. Advancements in lidar imagery and its technologies in automotive, mining, and oil & gas are assets to the market.
Scope & Regional Forecast of the LiDAR Market
North America dominates the LiDAR Market due to high research and development in the innovations of lidar products. Europe is next to North America. Other regions like Asia Pacific and Rest of the world will have a significant growth in the coming years.
Airborne systems which have a major share in the lidar device. This will boost the market in future due to the adoption of airborne mapping devices. Airborne systems have a greater accuracy and a larger area coverage. They deliver the area mapping within a short span of time.
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The vertical integration in lidar data analysis has advantages like reduced manufacturing, low costs,and reduced delivery times. Vertically integrated services include customization and component design.
Increasing urbanisation, infrastructure projects, and large scale engineering are the main drivers for the lidar detection system. Mobile and UAV systems will see a rise in the developed countries which in turn spurs the demand of the market.
Segmentations & Key Players Involved in the LiDAR Market
The LiDAR Market can be broken down into various segments as follows:
- Product- Aerial LiDAR and Ground-based LiDAR.
- Application- Seismology, Engineering, Military, and Others.
- Region- North America, China, Europe, Southeast Asia, Japan, India.
Some of the key players involved in the LiDAR Market are as follows:
- AutonomouStuff
- Blom
- Faro Technologies
- Velodyne LiDAR
- Trimble
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