LIDAR Market Trends, Key Vendors Analysis, Import & Export, Revenue by Forecast 2022


Posted January 24, 2019 by rahulwgr123

The global LIDAR Market is expected to reach USD 1.44 billion by the end of 2022 with 21 % CAGR during forecast period 2018-2022
 
Market Highlights

LIDAR stands for light detection and ranging which also known as remote sensing. LIDAR does not require electromagnetic radiation, but it requires laser pulses that strike the object back to the sensor. It measures the distance from the sensor to the object by determining the time between the releases to receiving of the reflected pulse.

Data processing technologies over other technologies, automated systems in LIDAR, adoption of aerial LIDAR and emergence of new applications are the factors contributing to the growth of the LIDAR Market. However, less awareness about the benefits of LIDAR systems, use of expensive components in LIDAR systems such as laser scanners, navigation system, high-resolution 3D cameras which collectively increases the cost of LIDAR systems are hampering the growth of the overall market.

The growth in this market can be attributed to the encouragement from the governments, application of LIDAR in engineering projects & large magnitude set and rise in demand for robust security and sensor accuracy

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Key Players

The key players in the global lidar market include Geokno India Pvt. Ltd. (India), Technology (U.S.), Teledyne Optech Inc. (Canada), Velodyne LiDAR, Inc. (U.S.), YellowScan (France), Riegl Laser Measurement Systems GmbH (Austria) Quantum Spatial (Aerometric, Inc.) (U.S.), Faro Leica Geosystems (Sweden), Beijing Beike Technology Co., Ltd (isurestar) (China), Trimble Inc. (US) and others.

LIDAR Market Segments

According to Market Research Future, market has been segmented into type, application, component, end-users and region.

By Type-

Terrestrial
Airborne
By Component-

Laser
Navigation
Camera
GPS Receiver
GSS Receiver
MEMS
By Application-

Seismology
Corridor mapping
Exploration
By End-Users-

Oil & Gas
Transportation
Mining
Tourism
Defense and aerospace
Archaeology
Others
Out of these components, GIS accounted for the largest market share majorly due to increasing demand for GIS services in canopy height estimation, forest planning, and harvesting planning applications. They are majorly adopted by the government for the forest management and for planning crops.

Market Research Future Analysis

The global lidar market is expected to grow significantly. The market is highly application basis. GSS segment of LIDAR market globally drives the market. The market is expected to have higher growth rate as compared to the previous years.

North-America accounted for the largest market share, because of the increasing investment by various firms towards ADAS and driverless cars and also provides new opportunities for small, versatile, and low-cost LIDAR systems.

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Intended Audience:

Manufacturers
Distributors
Research firms
Consultancy firms
Software Developers
Vendors
Semiconductor Manufacturers
Stakeholders
End-user sectors
Technology Investors

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Last Updated January 24, 2019