LiDAR Market By Product Type (Ground-Based LiDAR Static Ground-Based LiDAR Mobile Ground-Based LiDAR Aerial LiDAR Bathymetric Aerial LiDAR Topography Aerial LiDAR Solid-State LiDAR UAV LiDAR) By Application (Engineering Corridor Mapping, Railway, Roadways, Others ADAS and Driverless Cars, Environment, Pollution Modelling, Wind Farm, Forest Management, Agriculture ).
Global Lidar Market was valued at USD 1.6 billion in the year 2016. Global LiDAR Market is further expected to grow at a CAGR of 22.4% from 2016 to reach USD 3.4 billion by the year 2022.
North America region holds the highest market share in 2016 and North America market is considered as the fastest growing market in the expected period. At a country level, U.S, Canada, Mexico holds the largest market share in 2016 and it is projected to grow at a strongly in the coming years.
Quantum Spatial (Aerometric, Inc.) (U.S), Velodyne LiDAR (Canada), Optech Inc. (Teledyne Technologies Inc.) (U.S), 3D Laser Mapping (U.K), Leica Geosystems AG (Switzerland), Topcon Positioning Systems, Inc.
(the U.S), Quanergy Systems Inc. (Canada), RIEGL Laser Measurement Systems GmbH (Austria), Firmatek LLC.
(U.S), are some of the key players in the Global LiDAR market. Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of the top players in recent years.
Implementation of new application
Expensive price of LiDAR
LiDAR offered highly by the automotive sector
Limitation in the environment.
The major shares of the market come from Construction and Engineering sector in Global LiDAR Market. As in Engineering and Construction investment are more for the utilization.
On the other hand, Corridor mapping for this market is expected to grow at highest CAGR during year 2017-2022.
Key Benefits for Stakeholders
LiDAR Manufacturers, Distributors and Retailers
Research and Consulting Firms
Technology Standards Organizations, Forums, Alliances and Associations
Regulatory bodies, policy actors, and consumers.
By Product Type
ADAS and Driverless Cars
Oil, Gas & Mining
Tourism and Parks Management
Key Market Players
Quantum Spatial (Aerometric, Inc.) (U.S)
Velodyne LiDAR (Canada)
Optech Inc. (Teledyne Technologies Inc.) (U.S)
3D Laser Mapping (U.K)
Leica Geosystems AG (Switzerland)
Topcon Positioning Systems, Inc. (U.S)
Quanergy Systems Inc. (Canada)
RIEGL Laser Measurement Systems GmbH (Austria)
Firmatek LLC. (U.S)
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