LiDAR Market is expected to grow at a prominent CAGR of 18.5% during the forecast period. The market is expected to experience continued dominance from defense and corridor mapping applications
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Light detection and ranging (LiDAR) devices are used for capturing high-resolution 3D or 2D data of geospatial surfaces. The technology is similar to RADAR, however scores high over RADAR in terms of accuracy and speed.
The innovations in the laser technology help to bring price corrections in LiDAR products. Simultaneously, the changing demands and preferences of the urban population unveil newer LiDAR applications apart from conventional military applications.
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The sophistication of 3D imaging technology leads to increased corridor mapping activities by the LiDAR. The market is expected to experience continued dominance from defense and corridor mapping applications.
LiDAR Market is expected to grow at a prominent CAGR of 18.5% during the forecast period.
The global LiDAR market is segmented based on type of LiDAR systems, components used, their application, end user sectors, and geography. Static or terrestrial, aerial, mobile, and short range are the various types of LiDAR systems elaborated in the report.
The components of LiDAR systems discussed are laser scanner, inertial navigation system, camera, GPS receiver, and micro-electro-mechanical system. The report also includes corridor mapping, seismology, and exploration and detection purpose as some of the major application of LiDAR systems.
End-user segment consists of LiDAR systems used across various industry verticals such as defense and aerospace, civil engineering, archaeology, forestry and agriculture, mining industry, and transportation. A study with respect to regions is conducted to perform in-depth analysis if LiDAR technology across various geographies.
The regions examined are North America, Europe, Asia-Pacific, and LAMEA.
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- Automated processing in LiDAR Systems
- Better performance than other technologies
- Rising demand for 3D imaging
- Rise in demand of aerial LiDAR
- High cost of LiDAR instruments
- Lack of awareness
The top players in the global LiDAR market include Airborne Hydrography AB, Leosphere SaS, Faro Technologies Inc., Leica Geosystems Inc. (Hexagon), 3D Laser Mapping Inc., Firmatek LLC, RIEGL Laser Measurement Systems GmbH, Aerometric Inc., Mira Solutions Inc., Optech Inc.
(Teledyne Technologies), and Quanergy Systems, Inc.
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By Product Type
- Corridor Mapping
- Exploration and Detection
- Inertial Navigation System
- GPS/GNSS Receiver
- Micro Electro Mechanical System (MEMS)
- Defense and Aerospace
- Civil Engineering
- Forestry and Agriculture
- Mining Industry
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA
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