The LiDAR market is expected to rise to more than USD 1 billion by 2020, growing at a CAGR of 16.32% between 2014 and 2020.
LiDAR, or light detection and ranging, is an emerging technology which is witnessing increased adoption across all the sectors. This is primarily due to the capability of this technology to produce highly precise images for 3D elevation modelling of terrains and urban establishments.
Infrastructure projects are becoming more and more complex and require detailed planning and design. The LiDAR technology is very effective in such projects in achieving the desired levels of accuracy and therefore their adoption is increasing in engineering and infrastructure development applications.
LiDAR systems were primarily used for geospatial surveying of terrestrial surfaces and coastlines and also for meteorology. Recent technological developments have led to introduce new market segments for LiDAR including urban planning, law enforcement, and in the automotive sector.
The use of LiDAR sensors in advanced driver assistance systems (ADAS) in high-end vehicles and for the testing and development of autonomous car is leading to the introduction of affordable devices like the breakthrough “Puck” introduced by Velodyne LiDAR (U.S.). These latest trends and their potential impact on the LiDAR market in the next 5–6 years are analysed in this report.
An in-depth analysis on a geographic basis provides strategic business intelligence for investments in the LiDAR market, focusing on the manufacturers, research institutes, business executives, product marketing managers, new business investors, and many more in preferred locations. In addition to that, the report contains market segmentation by product, component, and application.
In this report, the LiDAR market is segmented into airborne and ground-based product types. The components used in this technology are categorized into laser scanners, navigation & positioning systems (GPS and IMU), and other components.
The application segments for LiDAR covered in this study are corridor mapping, engineering, environment, advanced driver assistance systems (ADAS), exploration, urban planning, meteorology, cartography, and others. Each product, application, and component is analysed both in terms of qualitative and quantitative aspect, and it includes all sub-segments with detailed analysis.
The competitive landscape section of the report primarily focuses on key industry players in the LiDAR market, their latest developments, and respective market share. Furthermore, the report entails emerging market trends, advancements in the technological space, market demand of the segments, key growth areas, market size, region-wise demand factors, and key competitors’ analysis.
The geographic segmentation of the report covers four major regions of the world, namely, Americas, Europe, Asia-Pacific, and Rest of the World (RoW). The report also profiles major players in the LiDAR market.
Some of the major players in this market are Optech, Inc. (Canada), Leica Geosystems (Switzerland), Riegl Laser Measurement Systems GmbH (Austria), Trimble Navigation, Ltd. (U.S.), and Faro Technologies, Inc. (U.S.).
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