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Global LIDAR Market America, France, UK, Germany, Spain, Italy, Rest of Europe, China, Japan, India, Southeast Asia Fore

Global LIdar Market is expected to reach USD 5,842.37 million by 2024 from USD 1,058.40 million in 2016, at a CAGR of 24.1% in the forecast period 201
Rubin McCarter | 01.10.2018

Global LIdar Market is expected to reach USD 5,842.37 million by 2024 from USD 1,058.40 million in 2016, at a CAGR of 24.1% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Segmentation:

By Component (Laser Scanner, Navigation and Positioning Systems, Photodetector Receivers, Others),
By Product (Aerial Lidar, Ground-Based Lidar, UAV Lidar, Solid-State Lidar),
By Application (Corridor Mapping, Engineering, Environment, ADAS and Driverless Cars, Exploration, Urban Planning, Cartography, Meteorology, Others),
By Services (Lidar Data Processing, Aerial Surveying, Asset Management, GIS Services, Ground-Based Surveying, Mapping And Modeling, Others),
By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)


Drivers:

The major factors driving the growth of this market are rising government initiatives and increasing adoption, increasing use of drones in numerous applications, growing LIDAR application in engineering projects and large-magnitude set and technological advancement.

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GROWING LIDAR APPLICATION IN ENGINEERING PROJECTS AND LARGE-MAGNITUDE SET

Application of the lidar has been used in most of the engineering projects such as in civil engineering it is used in grading, utilities, drainage analysis, erosion and storm water treatment, roadway design and many more.
For instance, first it establishes control points on site and temporary benchmarks, secondly by using these benchmarks it perform additional survey for other locations as well in order to obtain the position and elevation.


Major Players:

Some of the major players operating in this market are:-

Quantum Spatial,
Faro Technologies,
Beijing Beike Technology Co., Ltd,
Leica Geosystems,
Teledyne Optech Inc.,
Riegl Laser Measurement Systems Gmbh ,
Velodyne Lidar, Inc.
Yellowscan ,
Geokno India Pvt. Ltd.,
Trimble Inc.,
Sick AG,
Quanergy Systems, Inc.,
Innoviz Technologies Ltd,
Innoluce BV,
Leddartech,
Autonomoustuff,
Geodigital,
Trilumina,
Tetravue,
Luminar,
Princeton Lightwave Inc.,
Neptec Technologies
Among others…


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