Header Ads

LiDAR Market | by Product (Aerial, Ground-based, and UAV LiDAR) and Global Forecast to 2022

The LiDAR market was valued at 1.39 Billion in 2016 and is expected to reach USD 3.22 Billion by 2022, at a CAGR of 12.4%   to 2022. 
Factors such as technological superiority, encouragement from government, and various applications of LIDAR such as engineering projects, and large magnitude set are key drivers for the growth of LiDAR market.
Browse 67 tables and 52 figures spread through 143 Pages and in-depth TOC on "LiDAR Market - Global Forecast to 2022"

Request For Sample Report:

http://www.marketsandmarkets.com/requestsample.asp?id=1261


The vendor offerings were also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global LiDAR market from the revenue of key players in the market.

Major players operating in this market are Quantum Spatial (Aerometric) (U.S.), Faro Technology (U.S.), Geodigital (Canada), Leica Geosystems AG (Switzerland), Optech, Inc. (Canada), Reigl Laser Measurement Systems GmbH (Austria), Topcon Positioning Systems, Inc. (U.S.), Trimble Navigation Limited (U.S.), Sick AG (Germany), Velodyne (U.S.), BLOM (Norway), Michael Baker International (U.S.), and YellowScan (France).

After arriving at the overall market size, the total market was split into several segments and subsegments which are then verified through the primary research by conducting extensive interviews with key people such as CEOs, VPs, directors, and executives.

Laser scanner segment held the largest share of the overall component market. The rise in applications of LiDAR has resulted in the increasing deployment of lasers. In addition, the high wavelength of laser scanner is one of the key reason for its largest market share. The corridor mapping application accounted for the largest share of the overall market. Increasing infrastructure development and use of LIDAR during construction of roadways, highways, and railways drives the overall corridor mapping application market.  


Report Information :

UAV LiDAR is expected to grow at the highest CAGR

In the LiDAR market by product, UAV segment is estimated to grow at the highest CAGR during the forecast period. The increasing adoption of UAV for various applications such as media and entertainment, precision farming, and many other commercial applications is reason for the high growth of UAV LiDAR segment.

The corridor mapping application held the largest market share

Corridor mapping application accounted for largest share in 2015. The growth is attributed to the data generated from these surveys that can be used to build three-dimensional (3D) elevation models of the earth’s surface. Infrastructure development is further expected to increase in coming years, which will lead to increased use of LiDAR. These benefits drive the market in the corridor mapping application.

APAC expected to grow at the highest CAGR during the forecast period


APAC market is expected to grow at the highest CAGR between 2016 and 2022. The growth is attributed to increasing industrialization and urbanization in the region.

No comments:

Powered by Blogger.