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LiDAR market projected to reach USD 2.1 billion by 2026

Industrial & Manufacturing

The LiDAR report includes data that can help businesses in handling issue with ease and provides detailed qualitative and quantitative details concerning to the market elements that administration are interested in.

The LiDAR Market report includes an in-depth synopsis of the competitive scenario and market outlook. This analysis will provide clients with a clear perception of the state of competition as the market analysis entails a section solely dedicated for major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis.

The competitive landscape section also includes key development strategies and market ranking analysis of the players globally. The market outlook involves the drivers, restraints, challenges, opportunities that are impacting the market.

Global LiDAR Market Analysis

According to Verified Market Research, The Global LiDAR Market was valued at USD 670.3 Million in 2017 and is projected to reach USD 2.1 Billion by 2026, growing at a CAGR of 16.52% from 2018 to 2025.

What is LiDAR?

LiDAR is a laser-based method of range finding, detecting and mapping a target. It can be defined as a surveying method that measures the distance to a target by illuminating the target with pulsed laser light and then subsequently measuring the reflected pulses with a sensor.

By using the variations in laser return times and wavelengths, digital 3-D representations of the target can be made using LiDAR systems. LiDAR systems typically use a low-power, eye-safe pulsing laser which works in conjunction with a camera.

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Global LiDAR Market Outlook

In the report, the market outlook section mainly encompasses the fundamental dynamics of the market which include drivers, restraints, opportunities, and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

The growing demand for 3D imaging technology comes, as well as the increasing number of new applications demanding LiDAR technology, are driving the growth of the market. Other factors such as the performance of LiDAR systems being able susceptible to the environmental traits as well as the high cost of the LiDAR services are restraining the growth of the overall market.

Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client.

The “Global LiDAR Market” is mainly bifurcated into sub-segments which can provide alassified data regarding the latest trends in the market.

Global LiDAR Market Competitive Landscape

The “Global LiDAR Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Teledyne Optech, Leica Geosystems, Riegl Laser Measurement Systems, Trimble, Faro Technologies, Quantum Spatial (Aerometric), Beijing Surestar Technology (Isurestar), Velodyne LiDAR, Geokno, Sick AG and Yellowscan. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis.

The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above mentioned players globally.

Global LiDAR Market, By Component

  • • Laser Scanners
    • Navigation and Positioning Systems
    • Other Components

Global LiDAR Market, By Type

  • • Mechanical LiDAR
    • Solid-State LiDAR

Global LiDAR Market, By Installation

  • • Airborne
    • Ground-Based

Global LiDAR Market, By Range

  • • Short
    • Medium
    • Large

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Global LiDAR Market, By Service

  • • Aerial Surveying
    • Ground-Based Surveying
    • Other Services
    • Asset Management
    • GIS Services

Global LiDAR Market, By Application

  • • Exploration
    • Urban Planning
    • Environment
    • ADAS & Driverless Cars
    • Corridor Mapping
    • Engineering
    • Cartography
    • Meteorology
    • Others

Global LiDAR Market Geographic Scope

  • • North America
    o U.S.
    o Canada
    o Mexico
    • Europe
    o Germany
    o UK
    o France
    o Rest of Europe
    • Asia Pacific
    o China
    o Japan
    o India
    o Rest of Asia Pacific
    • Latin America
    o Brazil
    • Rest of the World

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