Industry Analysis
Data Bridge Market Research analyses the Europe light detection and ranging (LiDAR) market will exhibit a CAGR of 24.9% for the forecast period of 2022-2029 and is expected to reach the USD 1814.1 million by 2029. Light detection and ranging (LiDAR) are remote sensing processes that use a pulsed laser to absorb light and analyse distances to the Earth. These light pulses combine with data collected by an airborne device to produce three-dimensional exact data about the Earth's structure.
Europe 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 analysed 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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The upsurge in the adoption rate of LiDAR systems among UAVs and growing demand for 3D imaging technology will cushion the market growth. Furthermore, the rise in the adoption of aerial LiDAR systems for exploring and detecting places and historic details, high need of LiDAR in engineering and construction applications and emergence of 4D LiDAR will positively impact the market growth rate. Other significant factors such as growing adoption of LiDAR in environmental and government applications and introduction of solid- state LiDAR technology will enhance the growth of light detection and ranging (LiDAR) market. Moreover, the rising investments in LiDAR start-ups automotive giants and advancement of better geospatial solutions using sensor fusion will create beneficial opportunities for the growth of the market. However, high cost associated with LiDAR services and less availability geospatial data will hamper the growth of light detection and ranging (LiDAR) market. The easy availability of low-cost as well as lightweight photogrammetry systems and safety threats involved with UAVs and autonomous cars will further challenge the growth of the market.
For effective business outlook, an all-inclusive Europe Light Detection and Ranging (LiDAR) Market report covers different global regions such as North America, Latin America, Asia-pacific, Europe, and India on the basis of productivity of the various industries. This document gives details about global market overview, global market competition by manufacturers, type and application, top players in the market, regional analysis with respect to volume, value and sales price, analysis of global market by manufacturer, cost analysis, industrial chain, sourcing strategy and downstream buyers, marketing strategy analysis, distributors or traders, and market effect factors analysis.
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Industry Segmentation and Size
Europe light detection and ranging (LiDAR) market is segmented on the basis of technology, component, type, product, application and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of technology, the light detection and ranging (LiDAR) market is segmented into 2D LiDAR, 3D LiDAR, and 4D LiDAR.
- The light detection and ranging (LiDAR) market on the basis of component is segmented into laser, navigation, camera, GPS GNSS receiver, and MEMS.
- On the basis of type, the light detection and ranging (LiDAR) market is segmented into mechanical and solid-state.
- Based on product, the light detection and ranging (LiDAR) market is segmented into terrestrial, aerial, mobile, and short range. Aerial LiDAR segmented is further sub-segmented into unmanned aerial vehicle (Uav), aircraft and satellite.
- On the basis of application, the light detection and ranging (LiDAR) market is segmented into corridor mapping, engineering, environment, ADAS and driverless cars, exploration, and others.
- The light detection and ranging (LiDAR) market is segmented on the basis of end user into defense, civil engineering, archaelogy, forestry and agriculture, mining, and transportation.
Market Country Level Analysis
Europe light detection and ranging (LiDAR) market is analysed and market size, volume information is provided by country, technology, component, type, product, application and end user as referenced above.
· The countries covered in the Europe light detection and ranging (LiDAR) market report are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe. Italy and the U.K. are expected to dominate the Europe light detection and ranging (LiDAR) market and will continue to flourish its trend of dominance during the forecast period due to very well-developed manufacturing sector and rising expansion of automotive sector in this region.
Industry Share Analysis
· Some of the major players operating in the Europe light detection and ranging (LiDAR) market are HOKUYO AUTOMATIC CO., LTD, SICK AG, Trimble Inc., Quantum Spatial, Beijing Beike Digital Medical Technology Co.,Ltd., Geokno India Pvt. Ltd, Velodyne Lidar Inc., NV5 Global, Inc., Quanergy Systems Inc., Phoenix LiDAR Systems, Airborne Imagining, FARO, GeoDigital, and Leica Geosystems AG, among others.
Europe Lidar Market Report Answers the Following Questions:
- What is the current size of the Europe Lidar Market?
- What are the key drivers and challenges for the Europe Lidar Market?
- What are the different types of Europe Lidar Market?
- What are the leading companies operating in the Europe Lidar Market?
- What is the future outlook for the Europe Lidar Market?
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