LiDAR Market Size 2021: Important Development, Industry Share and Growth Forecast to 2024

LiDAR

The “LiDAR Market” Report provides a thorough examination of the market. The LiDAR Market research investigates how firms in the LiDAR Market are reacting to changing market conditions by examining major industry strategies. The report covers current top players are recognised and rated based on their market shares. It also includes data on leading manufacturers, market segmentation by types, applications, and geographic regions. Market capacity, production, consumption, sales, and revenue are all discussed in this LiDAR market report.

Request a Sample Copy of the Report @ https://www.industryresearch.co/enquiry/request-sample/14245032

Competitor Analysis:

LiDAR market covers the vision of competitor analysis by product types, market share, applications, sales and revenue. It covers the top key players like –

  • Sick AG
  • Teledyne Optech
  • Velodyne LiDAR
  • Quanergy Systems Inc.
  • Quantum Spatial Inc.
  • 3D Laser Mapping Ltd
  • Faro Technology Inc.
  • Leica Geoystems AG
  • RIEGL Laser Measurement Systems GmbH
  • Topcon Positioning Systems Inc.
  • Trimble Navigation Ltd
  • Denso Corporation
  • Innoviz Technologies Ltd
  • Neptec Technologies Corp.
  • Phantom Intelligence Inc.

    Market Overview:

  • The lidar market was valued at USD 1.90 billion in 2018, and it is expected to reach a value of USD 3.89 billion by 2024 at a CAGR of 12.76%, during the forecast period (2019 – 2024).
  • – Over the years, advancements in lidar mapping systems and their enabling technologies penetrated into different verticals, like aerospace and defense, corridor mapping and topographical survey, automotive, mining, oil and gas, and other verticals, which are increasing the market scope of the lidar market.
  • – The increasing use of drones, across various applications, such as aerospace and defense, agriculture and forestry, and natural resources management, among others, is expected to propel the industry’s growth. The delivery and automation sectors are the leading sectors that invest in drone research.
  • – Rising demand for innovative 3D imaging technology throughout several areas of applications and growing adoption of aerial lidar systems to detect and explore various places and historical details are supporting the lidar market effectively.
  • – Governments in different countries are using lidar technology for topographical surveys, mapping, surveillance, and monitoring in the mining and oil and gas sectors. Due to low cost and enhanced features, when compared to conventional alternatives, lidar is easily accessible for the government sectors.
  • – However, due to the lack of awareness among end users and technological constraints, the growth of the lidar market is restrained.

    Key Market Trends:

    Ground – based LiDAR is Expected to Register a Significant Growth Rate

    – The ground-based lidar systems are expected to hold a major share in the market during the forecast period, owing to the key factors, such as low cost and increasing applications in SUV. Ground lidar possesses an exceptional ability to produce 3D images of land at coastal and other areas and ground movements, such as landslides, and it can be analyzed and measured by satellite imagery.
    – Ground-based lidar is commonly used to scan outcrop consisting of near-vertical cliffs and rocky slopes along canyon walls and hillsides. The first step in the acquisition process is to set up the scanner, aim at the outcrop, and define a scanning window and a scanning resolution.
    – Furthermore, EERI (Earthquake Engineering Research Institute), who partnered with GEER (Geotechnical Extreme Events Reconnaissance), can utilize ground-based lidar to collect damage morphology data at speeds, accuracies, and range that was previously unimaginable in the earthquake. Therefore, earth observation may significantly stimulate the market growth.

    North America is Expected to Hold a Major Share in the Market

    – North America is dominating the lidar market, owing to the rising demand for 3D imaging technology in the US and Canada. Additionally, the increased adoption of lidar in government agencies is further expected to fuel the market growth.
    – The increasing investments of business giants in North America, such as General Motors, Google Inc., and Apple Inc., toward ADAS and driverless cars are providing new opportunities for small, versatile, and low-cost lidar systems.
    – In addition, major companies in the market, such as Trimble, Faro, and Velodyne are based in the United States, which is another major factor for the large share of the North American market.
    – Furthermore, the US defense industry has increased its military and defense spending, which has created opportunities for lidar to proliferate into the industry. Key players profiled include Quantum Spatial (Aerometric), Faro Technology, Geodigital, Trimble Navigation Limited, Leica Geosystems, etc.

    For More Information or Query or Customization Before Buying, Visit at – https://www.industryresearch.co/enquiry/pre-order-enquiry/14245032

    Scope of the Report:

    LIDAR, which stands for light detection and ranging, is a remote sensing method that uses light in the form of a pulsed laser to measure ranges (variable distances) to the Earth. Advancements in laser scanning, GPS, and bandwidth have allowed for new lidar applications, such as mobile lidar known for mobile laser scanning (MLS), which is used for mapping, engineering, and self-driving applications.

    Highlighted points of LiDAR Market Report:

    • Varying dynamics of the LiDAR industry.
    • Prospective changes in sales volumes and worldwide share growth in upcoming years
    • LiDAR market report recognizes the key drivers of growth and challenges of the key industry players.
    • Competitors profiles along with product description, overview, and business data.
    • Complete analysis of market risks, opportunities, limitations, and growth of the market.
    • Market driving and restraining factors.
    • Delivers information on the historical and current market size and the future potential of the market.
    • LiDAR market report provides comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of market.

    Key Benefits of this LiDAR Market report:

    • The LiDAR market report provides a comprehensive analysis of the current trends and future estimations in the world mining equipment market to identify the potential investment pockets.
    • The LiDAR market report presents information regarding key drivers, restraints, and opportunities with a detailed impact analysis.
    • Quantitative analysis of the current trends and forecasts to 2024 is provided to showcase the financial competency of the LiDAR market.
    • Porter’s Five Force model of the industry and SWOT analysis illustrate the potency of the buyers & suppliers.
    • Value chain analysis provides a clear understanding of the roles of stakeholders involved.

    Purchase this Report (Price 4250 USD for a Single-User License) – https://www.industryresearch.co/purchase/14245032

    Detailed TOC of LiDAR Market Report:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Fast Paced Developments Due to Increasing Application of Drones
    4.3.2 Adoption in Government Sector Applications
    4.3.3 Increased Adoption of Lidar in the Automotive Sector
    4.4 Market Restraints
    4.4.1 High Cost of LiDAR Systems and Integrated Components
    4.5 Value Chain Analysis
    4.6 Industry Attractiveness – Porter’s Five Forces Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Product
    5.1.1 Aerial LiDAR
    5.1.2 Ground-based LiDAR
    5.2 By Component
    5.2.1 Global Positioning System
    5.2.2 Laser Scanner
    5.2.3 Inertial Measurement Unit
    5.2.4 Other Components
    5.3 By End-user Industry
    5.3.1 Engineering
    5.3.2 Automotive
    5.3.3 Industrial
    5.3.4 Aerospace and Defense
    5.3.5 Other End-user Industries
    5.4 Geography
    5.4.1 North America
    5.4.2 Europe
    5.4.3 Asia-Pacific
    5.4.4 Latin America
    5.4.5 Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Sick AG
    6.1.2 Teledyne Optech
    6.1.3 Velodyne LiDAR
    6.1.4 Quanergy Systems Inc.
    6.1.5 Quantum Spatial Inc.
    6.1.6 3D Laser Mapping Ltd
    6.1.7 Faro Technology Inc.
    6.1.8 Leica Geoystems AG
    6.1.9 RIEGL Laser Measurement Systems GmbH
    6.1.10 Topcon Positioning Systems Inc.
    6.1.11 Trimble Navigation Ltd
    6.1.12 Denso Corporation
    6.1.13 Innoviz Technologies Ltd
    6.1.14 Neptec Technologies Corp.
    6.1.15 Phantom Intelligence Inc.

    7 INVESTMENT OUTLOOK

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

    Contact Us:

    Name: Ajay More

    Phone: +44 20 3239 8187 / +14242530807

    Email: [email protected]

    Our Other Reports:-

    Wind Turbine Pitch System Market Share 2022 – Segmentation, Growth, Future Trends – Global Key Leaders Analysis, Gross Margin, Demands Status and Emerging Technology by Regional Forecast to 2029

    Self-Adhesive Labeling Machine Market Size and Share by Growth, Industry Drivers and Restraints, Global Opportunity, COVID-19 Impact on Topmost Players | Forecast 2022-2026

    Television (TV) Mount Market Size and Share by Growth, Industry Drivers and Restraints, Global Opportunity, COVID-19 Impact on Topmost Players | Forecast 2022-2026

    Tetramethyl Ammonium Hydroxide Market – Global Growth Status| 2022 Key Strategies, Latest Trends | Industry Overview by Share and Size, Regions Forecast by 2026

    Fructo Oligosaccharide Market Share, Trends and Size Analysis by Top Players 2022 Opportunities and Challenges, Demand and Growth Status Forecast 2025

    Industrial Sensors Market Size Trends 2022: by Global Countries Data, Growth Strategies of Top Players, Revenue, and Segmentation, Regional Overview and Forecast to 2025

    Memory Tester Market Growth Prospects 2022: Geographical Representation, Demand Status and Business Size of Top Manufacturers, and Upcoming Trends Forecast to 2027

    Metal Cleaning Market 2022 Industry Growth Size Analysis, Emerging Trends, Segmentation by Regions, and Business Share Value by 2026

    Electronic Material Recycling Market 2022 by Global Industry Segments, Growth-Size Estimation with Business Share, Upcoming Trends and Future Developments Plans till 2027

    Infant Formula Milk Powder Market 2022 | In-depth Size Analysis, Top Opportunities, Revenue Expectations, Downstream Industry Applications and Trends by 2026

    Pyrotechnics Device Market Growth Opportunities 2022: Growing Globally with New Innovations of Key Players, Competitive Strategies, Global Size and Share, Forecast to 2029

    Global Radiology Information Systems Market Size Report 2022: CAGR Status, Dynamics and Developments, Industry Research Report by Top Manufactures, Types, Applications Forecast to 2029

    Coded Lock Market Size of Major Key Players 2022 Global Industry Share | Growth Projections, Share, Demand, Key Findings, Regional Analysis, Future Prospects and Forecasts to 2029

    Universal Life Insurance Market Size and Forecast (2022-2025) | Top Companies with Covid-19 Impact Analysis | Industry Overview by Share and Trends | Recent Advancements and Future Challenges

    Ultrasonic Corner Sensor Market Size 2022: Growth Trends Analysis, Recent Developments, Top Players Update, Opportunities, Business Strategies and Sales Forecast to 2027

    Industrial Ultrasonic Cleaning Machine Market Size by Growth Status 2022 Global Key Players, Development Plans, Topmost Opportunities, Industry Trend and COVID-19 Impact on Geography Forecast till 2027

    Earthquake Alert Software Market Size Analysis 2022: Latest Innovations of Industry, Future Growth Developments and Business Trends Forecast to 2026

    Permanent Lifting Magnets Market 2022-2026 Growing Rapidly with Industry Trends, Growth Potentials, Comprehensive Research by Future Growth Analysis

    Motor Oil Market Size Analysis 2022: Latest Innovations of Industry, Future Growth Developments and Business Trends Forecast to 2026

    Bioactive Ingredients Market Analysis and Share Insights 2021-2027 | Manufacturing Demand Status, Upcoming Technologies and Growth of 2.92%, and Key Players Analysis

    Global Digital Microscope Market – Share and Business Size 2022 | with Future Prospects, Company Profiles, Growth Drivers, Forthcoming Development, Current Trends, Top Countries Research Forecast to 2027

    Telematics In Automotive Market 2022: Size Analysis, Global Share, Growth Trends and Segmentation by Top Regions, Covid-19 Impact on Industry, Opportunities and Challenges Forecast to 2027

    Semiconductor Production Equipment (SPE) Market Future Outlook 2022 | Covid-19 Impact and Recovery | Industry Share and Size Analysis with Key Players Profiles | Growth Prospects till 2025

    Oil Storage Tank Market Size, Global Growth Potential of Industry with Historical and Future Analysis, Size, Trends, Key Players, Emerging Technologies, Demands Status Forecast till 2022-2029

    Primary Lithium Battery Market Share Forecast, Growth Data by 2022-2025 | Size Analysis by Top Regions, Sales Revenue and Regional Segments Analysis

    Ceramic Ferrule Market Growth Rate by Share 2022-2026 | Revenue Forecast by Product Type, Applications and Regions and COVID-19 impact on Global Industry Size

    Customer Analytics Applications Market Size- Future Growth Plans 2022: Share with Top Key Indicators, Leading Players with Revenue, Development Status and Supply-Demand Forecast to 2025

    Power Cords Market Size Analysis 2022: Latest Innovations of Industry, Future Growth Developments and Business Trends Forecast to 2026

    Folded Paper Hand Towel Market 2022 by Global Industry Segments, Growth-Size Estimation with Business Share, Upcoming Trends and Future Developments Plans till 2027

    Hula Hoop Market Share – Impressive Growth Overview 2021: Revenue Analysis with Covid-19 Impact, Leading Players, Strategic Trends and Size Forecast by 2027

  • Back to top button