Global LiDAR Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Risk and Opportunity Assessment, Country-level Analysis for Every Segment, Key Player’s Market Share Analysis, Competitive Landscape and Supply Chain Analysis.
LiDAR Market – Overview
LiDAR technology has developed at an accelerated pace due to its adoption in a wide range of applications. The insights into the automobile industry are advanced by Market Research Future, which focusses on reports on industry verticals that examine the market prospects for progress. A CAGR worth 14.14% CAGR is projected to earn USD 4158.8 million in income by 2023.
The LiDAR market growth 2020 is anticipated to be motivated by the demand for 3D imaging in the coming years. The government agencies around the world are increasingly investing in the LiDAR market growth by employing it a broad range of applications. Moreover, the use of LiDAR in the automotive sector is projected to bolster the adoption of LiDAR technology in the forthcoming period.
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The market is projected to acquire an increased momentum owing to the demand levels that are prevalent in the market. The stakeholders in the market are undertaking strategies that will accelerate and revitalize the growth of the market on a global scale. The revamping of the product range in the market is projected to open up novel chances for advancement in the coming period. The development of assets of the supply chain is expected to set a favorable tone for the growth of the market in the forecast period. The diversification in inclinations of the consumers in the market is expected to boost the progress of the market in the forecast period. The innovation levels in the market are likely to rise in the coming years due to increased investment and availability of talent in the market. The regulations being put into operation by the government and trade specialists on the global level are indicative of the favorable they have on the international market development.
The key players of the global LiDAR market are Trimble Inc. (US), Faro Technologies Inc. (US), Teledyne Technologies, Inc. (US), Hexagon AB (Sweden), Beike Tianhui Technology Co., Ltd (China), Quantum Spatial. (US), RIEGL Laser Measurement Systems GmbH (Austria), YellowScan (France), and Geokno India Pvt. Ltd (India).
Jan 2020 Velodyn has recently debuted a USD 100 solid-state laser sensor called the Velabit, that the company thinks are ideal for auto safety-oriented ADAS, as well as industrial robots and drones. The novel sensor is as small as a deck of playing cards, permitting easy integration into a vehicle’s chassis, and can trace objects at a distance up to 100 meters. It aids in improving a vehicle’s perception reportage for Cross-Traffic Detection, Blind-Spot Monitoring, Automatic Emergency Braking and Pedestrian & Bicyclist Safety. The Initial production of the sensor will starts in June.
In June 2018, Teledyne Technologies integrated LiDAR/camera systems with the GIS tool to produce high-quality geo-referenced point clouds and imagery for airborne, mobile, and ground-based applications. Using LiDAR Mapping Suite (LMS), a production workflow that is capable of processing both LiDAR and imagery, collected data is formatted for direct ingest to GIS platforms.
In April 2018, Trimble launched two new green beam lasers—the Spectra Precision® LT52G and LT58G, designed for a variety of interior construction applications. The newly developed green beam lasers would offer better characteristics in terms of brightness, versatility, toughness, and reliability on the construction sites.
In February 2018, the FARO Zone 3D platform was developed to allow investigators and security professionals to improve the quality of construction site and evidence capture, documentation, reconstruction, and analysis, for crime, crash, fire and security applications. The newly launched product is also acquainted with virtual reality, which offers a completely immersive first-person environment.
The segmental insight into the LiDAR market is conducted on the basis of product type, technology, component, functional area, and region. Based on the technology, the LiDAR market is segmented into 2D, 1D, and 3D. On the basis of component, the LiDAR market is segmented into navigation & positioning systems, laser scanner, and other components. On the basis of product type, the LiDAR market is segmented into terrestrial LiDAR, Airborne LiDAR, and others. Based on the functional areas, the market for LiDAR is segmented into corridor mapping, ADAS & driverless cars, engineering, environment, cartography, urban planning, and meteorology. On the basis of region, the LiDAR market is segmented into Asia Pacific, Europe, North America, and other regions of the world.
Detailed Regional Analysis
The regional study of the LiDAR market consists of regions such as Asia Pacific, Europe, North America, and other regions of the world. As per the evaluation, the North American region is anticipated to control the LiDAR market throughout the forecast period. The end-users in the LiDAR market are aware of the newest developments in technology and are thus progressively participating in implementing the newest services in the region.
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Table of Contents
1 Executive Summary
2 Market Introduction
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Market Structure
3 Market Insights
4 Research Methodology
4.1 Research Process
4.2 Primary Research
4.3 Secondary Research
4.4 Market Size Estimation
4.5 Forecast Model
5 Market Dynamics
5.2.1 Rising Demand for the 3d Imaging Technology
5.2.2 Increased Adoption of Lidar in Government Agencies
5.2.3 Drivers Impact Analysis
5.3.1 High Installation Costs for Lidar Systems
5.3.2 Restraints Impact Analysis
List of Tables
Table 1 Market Synopsis
Table 2 List of Assumptions
Table 3 Global Lidar Market, by Product–type, 2017–2023 (Usd Million)
Table 4 Global Lidar Market, by Technology, 2017–2023 (Usd Million)
Table 5 Global Lidar Market, by Component, 2017–2023 (Usd Million)
Table 6 Global Lidar Market, by Functional Areas, 2017–2023 (Usd Million)
Table 7 Global Lidar Market, by Region, 2017–2023 (Usd Million)
Table 8 North America: Lidar Market, by Country, 2017–2023 (Usd Million)
Table 9 North America: Lidar Market, by Product–type, 2017–2023 (Usd Million)
List of Figures
Figure 1 Global Lidar Market: Market Structure
Figure 2 North America Market Size & Market Share by Country (2017 Vs 2023)
Figure 3 Europe Market Size & Market Share by Country (2017 Vs 2023)
Figure 4 Asia-pacific & Market Share by Country (2017 Vs 2023)
Figure 5 Rest of the World Market Size & Market Share by Country (2017 Vs 2023)
Figure 6 Research Process of Mrfr
Figure 7 Top Down & Bottom Up Approach
Figure 8 Dro Analysis of Global Lidar Market
Figure 9 Driver Impact Analysis: Global Lidar Market
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