According to a new market research report launched by Inkwood Research, the Global LiDAR Market is anticipated to progress with net revenue of $2990.36 million by 2028, with a CAGR of 22.49% between 2021 and 2028.
Browse 61 market data Tables and 55 figures spread over 167Pages, along with in-depth analysis on Global LiDAR Market by Product Type, Component, Application, End-User & by Geography.
This insightful market research report by Inkwood Research focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. The report covers all the aspects of this comprehensive market, by assessing major geographies, and is a valuable asset for the existing players, new entrants, and future investors. The study presents a detailed market analysis, with inputs derived from industry professionals across the value chain.
Global LiDAR Market Scenario
The demand for LiDAR is witnessing a rise in consumer, commercial, and government applications. LiDAR, also known as light detection and ranging, is a laser scan equipped with 3D technology. It uses emission of the laser beams to create a 3D model of the targeted surface. Besides, the growing popularity of the technology, owing to widespread applications, is strengthing the scope of the market.
The global LiDAR market is witnessing a significant growth rate and is expected to continue the forecasting period. In the government sector, LiDAR is being used in planning & monitoring activities related to railways, roadways, forest management, and cities. In the consumer market, it is implemented in the concept of the driverless car. Other factors propelling the market include premium features compared to its alternatives, growing usage in airborne applications, and a rise in research & development. However, the high cost of the system, and the unrecognized potential of LiDAR is majorly influencing the development of the global market.
The Global LiDARMarket report provides data tables and includes charts and graphs for visual analysis.
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Market Segmentation
Market by End-User
- Forestry and Agriculture
- Civil Engineering
- Automotive
- Archaeology
- Aerospace & Defense
- Mining
Market by Application
- Seismology
- Detection & Exploration
- Corridor Mapping
- Other Applications
Market by Product Type
- Aerial LiDAR
- Aircraft
- Unmanned Aerial Vehicle (UAV)
- Satellite
- Terrestrial LiDAR
- Mobile Terrestrial LiDAR
- Static Terrestrial LiDAR
Market by Component
- Inertial Navigation System
- Laser Scanners
- GPS
- Cameras
- Other Components
Report Highlights
– The report provides a detailed analysis of the current and future market trends, to identify the investment opportunities
– Market forecasts till 2028, using estimated market values as the base numbers
– Key market trends across the business segments, regions and countries
– Key developments and strategies observed in the market
– Market dynamics such as drivers, restraints, opportunities and other trends
– In-depth company profiles of key players and upcoming prominent players
– Growth prospects among the emerging nations through 2028
Companies Profiled
- QUANERGY SYSTEMS INC.
- VELODYNE LIDAR, INC.
- TOPCON CORPORATION
- FARO TECHNOLOGIES INC.
- LEICA GEOSYSTEMS AG.
- TRIMBLE INC.
- AIRBORNE HYDROGRAPHY AB
- TELEDYNE OPTECH
- RIEGL LASER MEASUREMENT SYSTEMS GMBH
- PHANTOM INTELLIGENCE INC.
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GLOBAL ADVANCED DRIVER ASSISTANCE SYSTEM (ADAS) MARKET – Global advanced driver assistance system (ADAS) market is expected to rise at 14.68% of CAGR during the forecast period.
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