LiDAR Market
Transparency Market Research has published a new research
report that studies and assesses the structure, scope, dynamics, and components
of the global light detection and ranging (LiDAR)
market. The 80-page research study is titled “LiDAR Market - Global
Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”
and is available for sale on the company website. According to the report, the
global LiDAR market is anticipated to expand at a 15.0% CAGR from 2014 to 2020,
growing from a value of US$225 mn in 2013 to US$605.5 mn in 2020.
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at: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2345
The global LiDAR market is primarily driven by the host of
comparative advantages over conventional mapping technologies, growing demand
for 3D imagery in commercial, consumer, and government applications, and the
development of unmanned aerial vehicles. However, gaps in software development
and lack of standardization of data formats threaten to impede the LiDAR
market.The research report reviews the LiDAR market by segmenting it based on
three parameters: product type, geography, and application.
On the basis of product type, the LiDAR market is bifurcated
into terrestrial LiDAR and airborne LiDAR. Of these, airborne or aerial LiDAR
mapping dominated the overall market.On the basis of application, the LiDAR
market is segmented into forestry, infrastructure, transmission lines, coastal,
transportation, defense and aerospace, flood mapping, and others such as
hydrography and mining. Coastal applications dominate the overall LiDAR market
owing to increased use of LiDAR in disaster management and control.
Transmission lines, on the other hand, make up the fastest growing segment of
the LiDAR market, thanks to the growing demand for power utilities.
On the basis of geography, the worldwide LiDAR market is
divided into North America, Asia Pacific, Europe, and Rest of the World. North
America held the largest share of the LiDAR market in 2013, driven by high
penetration in defense and military applications as well as increased research
and development spending to develop innovative LiDAR technologies. Europe
presently follows North America; however, the former is anticipated to surpass
the latter during the course of the forecast period owing to presence of major
players supporting the growth of the market and catering to the rising demand
for the massive consumer base. The Rest of the World region and Asia Pacific
are also anticipated to witness considerable growth by 2020.
The notable players within the global LiDAR market include
DigitalWorld Mapping Inc., FARO Technology, Inc., 3D Laser Mapping Ltd., Mosaic
3D, Airborne Hydrography AB, Leica Geosystems AG, Firmatek 3D Mapping Solutions
LLC, Aerometric Inc., Intermap Technologies Corp., Avent Lidar Technology,
Optech Incorporated, and RIEGL Laser Measurement Systems GmbH. These companies
have been reviewed in the report, keeping in mind certain aspects such as
business overview, business strategy, recent developments, financial standing,
and a SWOT analysis.
Global LiDAR Market, by Product Type:
- Airborne
LiDAR
- Terrestrial
LiDAR
Global LiDAR Market, by Application:
- Coastal
- Forestry
- Transportation
- Infrastructure
- Defense
and Aerospace
- Transmission
lines
- Flood
Mapping
- Others
(Mining, Hydrography etc)
Global LiDAR Market, by Geography:
- North
America
- Asia
Pacific
- Europe
- Rest
of the World
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Inquiry about report at: https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=2345
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