Light Detection and Ranging (LiDAR) Market was valued at USD 1.40 billion in 2021 and is expected to reach USD 8.51 billion by 2029, registering a CAGR of 25.30% during the forecast period of 2022-2029. Laser Scanners accounts for the largest component segment in the respective market owing to the increase in the aerial scanning and mapping operations. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Light Detection and Ranging (LiDAR) Market research report has put forth a bench-marking example for a vibrant market that explores several recommendations and practical growth strategies in relation to the market. The market report covers a wide spectrum of regions and also focuses on key regions that include North America, Europe, Asia Pacific, Middle East, South America, and the Middle East & Africa (MEA). The chapter of the competitive landscape is presented well in the market research report and is analyzed based on the tools such as Porter’s five forces analysis. The study throws light upon market attractiveness where all the segments are arranged based on the compound growth rate, size, and general attractiveness.
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Market Insights and Scope
Light detection and ranging (LiDAR) has gained immense popularity following the introduction of GPS for calculating accurate geospatial measurements. LiDAR utilizes a pulsed laser for calculating an object’s variable distances from the surface of earth, according to American Geoscience Institute. The information collected by the airborne system along with light pulses generate accurate 3D information.
LiDAR is a kind of light detection and ranging or laser imaging detection and ranging. LiDAR technology is remote sensing in which light is used in the form of laser to appraise variable distances to the earth. LiDAR is considered as a combination of 3D scanning and laser scanning, therefore it is also known as 3D laser scanning.
An excellent Data bridge market research report covers the systematic and comprehensive market research study, to provide the facts and figures allied with any subject in the field of marketing. With the specific and state-of-the-art information presented in this industry report, businesses can be aware about the types of consumers, consumer’s demands and preferences, their perspectives about the product, their buying intentions, their response to particular product, and their varying tastes about the specific product already existing in the Semiconductors and Electronics industry. Quality and transparency are strictly maintained while carrying out research studies to offer an exceptional market research report for specific niche.
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Industry Segmentation and Size
The light detection and ranging (LiDAR) market is segmented on the basis of component, technology, type, installation type, range, service, application and end user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
- Laser Scanners
- Navigation and Positioning Systems
- Global Positioning System (GPS)
- Inertial Measurement Unit (IMU)
- Others
- Camera
- High-Precision Clock
- Other Accessories
Technology
- 2D LiDAR
- 3D LiDAR
- 4D LiDAR
Type
- Mechanical
- Solid-State
Installation Type
- Airborne LiDAR
- Bathymetric LiDAR
- Topographic
- Ground-Based LiDAR
- Mobile LiDAR
Static LiDAR
Range
- Short
- Medium
- Long
Service
- LiDAR Data Processing
- Data Acquisition
- Point Cloud Classification
- 3D Visualization
- Aerial Surveying
- Asset Management
- GIS Service
- Ground-Based Surveying
- Mapping and Modelling
- Others
Application
- Corridor Mapping
- Roadways
- Railways
- Others
- Engineering
- Environment
- Forest Management
- Coastline Management
- Pollution Modeling
- Agriculture
- Wind Farm and Precision Forestry
- ADAS and Driverless Cars
- Exploration
- Oil and Gas
End User
- Defense and Aerospace
- Civil Engineering
- Archaeology
- Forestry and Agriculture
- Mining Industry
- Transportation
Market Country Level Analysis
· The countries covered in the light detection and ranging (LiDAR) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Some of the major players operating in the light detection and ranging (LiDAR) market are
- Trimble Inc. (US)
- Leica Geosystems AG (Switzerland)
- Teledyne Optech (Canada)
- FARO (US)
- SICK AG (Germany)
- NV5 Global, Inc. (US)
- SureStar (China)
- Velodyne Lidar, Inc. (US)
- YELLOWSCAN (France)
- GeoKno (India)
- Phoenix LiDAR Systems (US)
- LeddarTech Inc. (Canada)
- Quanergy Systems, Inc. (US)
- Innoviz Technologies Ltd. (Israel)
- ZX Lidars (UK)
LIDAR Market Report Answers the Following Questions:
What is the expected growth rate of the LIDAR Market during the forecast period?
What are the various factors that are likely to drive the growth of the LIDAR Market?
What are the major challenges faced by the LIDAR Market, and how are they being addressed?
Who are the key players operating in the LIDAR Market, and what are their strategies for growth?
What are the emerging trends in the LIDAR Market, and how are they expected to shape the market in the coming years?
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