The report is titled ‘LiDAR Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the LiDAR market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The LiDAR market is expected to grow at a significant rate in the near future.
The global LiDAR market is estimated to reach at a value of US$ 1.4 Bn by the end of 2020 and expected to reach at a value of US$ 6.4 Bn by 2028 with a significant CAGR of 20.9%.
Light Detection and Ranging, more commonly known by its acronym LiDAR, is a remote sensing technique that employs light in the form of a pulsed laser in order to calculate ranges (variable distances) to the Earth. These pulsed lasers joined with other data reported by the airborne system — generate accurate, three-dimensional images about the shape of the Earth and its surface attributes.
A LiDAR equipment primarily consists of a scanner, a laser, and a specially designed GPS receiver. It carries the capability to generate 2D and 3D images with the help of high-intensity laser equipment, GPS transceiver, and micro-electro mechanical system (MEMS) scanner. The most commonly used platforms for abstaining LiDAR data over broad areas are helicopters and airplanes.
LiDAR is also categorized into two types comprising bathymetric and topographic. Topographic LiDAR basically employs a near-infrared laser to map the land, while bathymetric LiDAR employs water-penetrating green light to also calculate riverbed and seafloor elevations. Owing to which, LiDAR serves its utility in numerous kinds of applications including, atmospheric physics, geomorphology, archaeology, geomatics, seismology, airborne laser swath mapping and many others.
One of the primary factors that is mainly expected to propel the growth of the global LiDAR market over the forecast period is the soaring demand of 3D imaging technology for usage in applications areas like defense and military, civil engineering, topographical surveys, and corridor mapping and others.
With the same token, applications such as city planning, 3D mapping, and corridor mapping also stimulate the demand for textured 3D imagery, which further positively fuels the demand of LiDAR in the global markets, thereby boosting the growth of the global LiDAR market.
Additionally, various industries across the world like aerospace & defense, automotive, healthcare, and others also employ LiDAR technology in several different applications. In the automotive industry, there is an emerging advancement of autonomous cars which further evokes the need for LiDAR technology to navigate and control the vehicle. Attributing to such factors, the global LiDAR market is projected to observe substantial growth in the forthcoming years.
Moreover, the advent of light detection and ranging systems, or LiDAR, in the global markets has favorably allowed the analysis, detection, measurement, and outlining of objects to be smoother and simple than traditional methods.
The LiDAR technology has the potential to offer highly accurate information and high-resolution 3D images in a shorter period of time, which is resulting in a shift from conventional methods to LiDAR technology. Such factors are also playing a positive role in providing numerous breakthroughs to the growth of the global LiDAR market in the years to come.
The enhanced automated processing capability of LiDAR systems with regard to data processing capabilities and image resolution over other technologies is acting as a major factor that is estimated to support the growth of the global LiDAR market in the near future.
However, the lack of awareness and knowledge about the advent and beneficial factors of LiDAR technology, especially in emerging regions, may limit the growth of the global LiDAR market in the upcoming years.
In addition to that, the LiDAR systems consist of high-priced components such as navigation systems, laser scanners, and high-resolution 3D cameras which when combined, escalates the cost of LiDAR systems. Such factors are also likely to inhibit the adoption of LiDAR systems in the coming years, thereby impeding the growth of the global LiDAR market.
The global LiDAR market is segmented on the basis of product type, technology, component, functional areas, and region. On the basis of the product type, the LiDAR market is segmented into airborne LiDAR, terrestrial LiDAR, and others. The technology segment is divided into 1D, 2D, and 3D. Furthermore, the component segment is divided into Laser scanner, navigation & positioning systems, and other components. On the basis of functional areas, the market is bifurcated into engineering, corridor mapping, environment, ADAS & driverless cars, urban planning, cartography, and meteorology.
Airborne LiDAR
Terrestrial LiDAR
Others
1D
2D
3D
Laser scanner
Navigation & Positioning Systems
Other Components
Engineering
Corridor Mapping
Environment
ADAS & Driverless Cars
Urban Planning
Cartography
Meteorology
North America
Latin America
Europe
Asia Pacific
Middle East
Africa
The global LiDAR market is dominated by Trimble Inc., Faro Technologies Inc., Teledyne Technologies Inc., Beike Tianhui Technology Co. Ltd., Hexagon AB, Quantum Spatial, YellowScan, RIEGL Laser Measurement Systems GmbH, Geokno India Pvt Ltd, among others.
The non-identical approach of Reports and Insights stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.
A research report on the LiDAR market by Reports and Insights is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that support the market and the factors that are acting as impedance for the growth of the market.
Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.
Various factors that are benchmarked while estimating the market growth include (but not restricted to):
New product designs and launches
Current product compliance
Reimbursement
Concerns for use of LiDAR
Advantages of LiDAR
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to make informed decisions.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s products sales, previous growth rates and market expansion plans are considered to generate market share in the global market.
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1. Global LiDAR Market Report Overview
1.1. Introduction
1.2. Report Description
1.3. Methodology
2. Global LiDAR Market Overview
2.1. Introduction
2.1.1. Introduction
2.1.2. Market Taxonomy
2.2. Executive Summary
2.3. Global LiDAR Market Snapshot
2.4. Global LiDAR Market Size And Forecast, 2020–2028
2.4.1. Introduction
2.4.2. Market Value Forecast And Annual Growth Rate (AGR) Comparison (2020–2028)
2.5. Global LiDAR Market Dynamics
2.5.1. Drivers
2.5.2. Restraints
2.5.3. Opportunity
2.5.4. Trends
2.6. Key Regulations
2.7. Porter’s Five Forces Model
3. LiDAR Assessment and Analysis
3.1. Actions to encourage use of LiDAR Technology
3.2. LiDAR Promotional Strategy Recommendation
3.3. Road Map Analysis
3.4. GAP Analysis
3.5. Potential Analysis
4. Covid-19 Impact on LiDAR Market in 2020
5. Global LiDAR Market, By Product Type
5.1. Introduction
5.1.1. Annual Growth Rate Comparison, By Product Type
5.1.2. BPS Analysis, By Product Type
5.2. Market Revenue (US$Mn) Forecast, By Product Type
5.2.1. Airborne LiDAR
5.2.2. Terrestrial LiDAR
5.2.3. Others
5.3. Global LiDAR Market Attractiveness Index, By Product Type
6. Global LiDAR Market, By Technology
6.1. Introduction
6.1.1. Annual Growth Rate Comparison, By Technology
6.1.2. BPS Analysis, By Technology
6.2. Market Revenue (US$Mn) Forecast, By Technology
6.2.1. 1D
6.2.2. 2D
6.2.3. 3D
6.3. Global LiDAR Market Attractiveness Index, By Technology
7. Global LiDAR Market, By Component
7.1. Introduction
7.1.1. Annual Growth Rate Comparison, By Component
7.1.2. BPS Analysis, By Component
7.2. Market Revenue (US$Mn) Forecast, By Component
7.2.1. Laser scanner
7.2.2. Navigation & Positioning Systems
7.2.3. Other Components
7.3. Global LiDAR Market Attractiveness Index, By Component
8. Global LiDAR Market, By Functional Areas
8.1. Introduction
8.1.1. Annual Growth Rate Comparison, By Functional Areas
8.1.2. BPS Analysis, By Functional Areas
8.2. Market Revenue (US$Mn) Forecast, By Functional Areas
8.2.1. Engineering
8.2.2. Corridor Mapping
8.2.3. Environment
8.2.4. ADAS & Driverless Cars
8.2.5. Urban Planning
8.2.6. Cartography
8.2.7. Meteorology
8.3. Global LiDAR Market Attractiveness Index, By Functional Areas
9. Global LiDAR Market, By Region
9.1. Introduction
9.1.1. Annual Growth Rate Comparison, By Region
9.1.2. BPS Analysis, By Region
9.2. Market Revenue (US$Mn) Forecast, By Region
9.2.1. North America
9.2.2. Latin America
9.2.3. Europe
9.2.4. Asia Pacific
9.2.5. Middle East
9.2.6. Africa
9.3. Global LiDAR Market Attractiveness Index, By Region
10. North America LiDAR Market Analysis and Forecast, 2020–2028
10.1. Introduction
10.1.1. Annual Growth Rate Comparison, By Country
10.1.2. BPS Analysis, By Country
10.2. Market Revenue (US$Mn) Forecast, By Country
10.2.1. U.S. LiDAR Market
10.2.2. Canada LiDAR Market
10.3. North America LiDAR Market, By Product Type
10.3.1. Airborne LiDAR
10.3.2. Terrestrial LiDAR
10.3.3. Others
10.4. North America LiDAR Market Revenue (US$Mn) Forecast, By Technology
10.4.1. 1D
10.4.2. 2D
10.4.3. 3D
10.5. North America LiDAR Market Revenue (US$Mn) Forecast, By Component
10.5.1. Laser scanner
10.5.2. Navigation & Positioning Systems
10.5.3. Other Components
10.6. North America LiDAR Market Revenue (US$Mn) Forecast, By Functional Areas
10.6.1. Engineering
10.6.2. Corridor Mapping
10.6.3. Environment
10.6.4. ADAS & Driverless Cars
10.6.5. Urban Planning
10.6.6. Cartography
10.6.7. Meteorology
10.7. North America LiDAR Market Attractiveness Index
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Component
10.7.4. By Functional Areas
11. Latin America LiDAR Market Analysis and Forecast, 2020–2028
11.1. Introduction
11.1.1. Annual Growth Rate Comparison, By Country
11.1.2. BPS Analysis, By Country
11.2. Market (US$Mn) Forecast, By Country
11.2.1. Brazil LiDAR Market
11.2.2. Mexico LiDAR Market
11.2.3. Argentina LiDAR Market
11.2.4. Rest Of Latin America LiDAR Market
11.3. North America LiDAR Market, By Product Type
11.3.1. Airborne LiDAR
11.3.2. Terrestrial LiDAR
11.3.3. Others
11.4. North America LiDAR Market Revenue (US$Mn) Forecast, By Technology
11.4.1. 1D
11.4.2. 2D
11.4.3. 3D
11.5. North America LiDAR Market Revenue (US$Mn) Forecast, By Component
11.5.1. Laser scanner
11.5.2. Navigation & Positioning Systems
11.5.3. Other Components
11.6. North America LiDAR Market Revenue (US$Mn) Forecast, By Functional Areas
11.6.1. Engineering
11.6.2. Corridor Mapping
11.6.3. Environment
11.6.4. ADAS & Driverless Cars
11.6.5. Urban Planning
11.6.6. Cartography
11.6.7. Meteorology
11.7. North America LiDAR Market Attractiveness Index
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Component
11.7.4. By Functional Areas
12. Europe LiDAR Market Analysis and Forecast, 2020–2028
12.1. Introduction
12.1.1. Annual Growth Rate Comparison, By Country
12.1.2. BPS Analysis, By Country
12.2. Market (US$Mn) Forecast, By Country
12.2.1. U.K. LiDAR Market
12.2.2. Germany LiDAR Market
12.2.3. Italy LiDAR Market
12.2.4. France LiDAR Market
12.2.5. Spain LiDAR Market
12.2.6. Russia LiDAR Market
12.2.7. Poland LiDAR Market
12.2.8. BENELUX LiDAR Market
12.2.9. NORDIC LiDAR Market
12.2.10. Rest Of Europe LiDAR Market
12.3. Europe LiDAR Market, By Product Type
12.3.1. Airborne LiDAR
12.3.2. Terrestrial LiDAR
12.3.3. Others
12.4. Europe LiDAR Market Revenue (US$Mn) Forecast, By Technology
12.4.1. 1D
12.4.2. 2D
12.4.3. 3D
12.5. Europe LiDAR Market Revenue (US$Mn) Forecast, By Component
12.5.1. Laser scanner
12.5.2. Navigation & Positioning Systems
12.5.3. Other Components
12.6. Europe LiDAR Market Revenue (US$Mn) Forecast, By Functional Areas
12.6.1. Engineering
12.6.2. Corridor Mapping
12.6.3. Environment
12.6.4. ADAS & Driverless Cars
12.6.5. Urban Planning
12.6.6. Cartography
12.6.7. Meteorology
12.7. Europe LiDAR Market Attractiveness Index
12.7.1. By Country
12.7.2. By Product Type
12.7.3. By Component
12.7.4. By Functional Areas
13. Asia Pacific LiDAR Market Analysis and Forecast, 2020–2028
13.1. Introduction
13.1.1. Annual Growth Rate Comparison, By Country
13.1.2. BPS Analysis, By Country
13.2. Market (US$Mn) Forecast, By Country
13.2.1. China LiDAR Market
13.2.2. India LiDAR Market
13.2.3. Japan LiDAR Market
13.2.4. Australia and New Zealand LiDAR Market
13.2.5. South Korea LiDAR Market
13.2.6. ASEAN LiDAR Market
13.2.7. Rest of Asia Pacific LiDAR Market
13.3. Asia Pacific LiDAR Market, By Product Type
13.3.1. Airborne LiDAR
13.3.2. Terrestrial LiDAR
13.3.3. Others
13.4. Asia Pacific LiDAR Market Revenue (US$Mn) Forecast, By Technology
13.4.1. 1D
13.4.2. 2D
13.4.3. 3D
13.5. Asia Pacific LiDAR Market Revenue (US$Mn) Forecast, By Component
13.5.1. Laser scanner
13.5.2. Navigation & Positioning Systems
13.5.3. Other Components
13.6. Asia Pacific LiDAR Market Revenue (US$Mn) Forecast, By Functional Areas
13.6.1. Engineering
13.6.2. Corridor Mapping
13.6.3. Environment
13.6.4. ADAS & Driverless Cars
13.6.5. Urban Planning
13.6.6. Cartography
13.6.7. Meteorology
13.7. Asia Pacific LiDAR Market Attractiveness Index
13.7.1. By Country
13.7.2. By Product Type
13.7.3. By Component
13.7.4. By Functional Areas
14. Middle East LiDAR Market, By Region
14.1. Introduction
14.1.1. Annual Growth Rate Comparison, By Country
14.1.2. BPS Analysis, By Country
14.2. Market (US$Mn) Forecast, By Country
14.2.1. GCC Countries LiDAR Market
14.2.2. Israel LiDAR Market
14.2.3. Rest Of Middle East LiDAR Market
14.3. Middle East LiDAR Market, By Product Type
14.3.1. Airborne LiDAR
14.3.2. Terrestrial LiDAR
14.3.3. Others
14.4. Middle East LiDAR Market Revenue (US$Mn) Forecast, By Technology
14.4.1. 1D
14.4.2. 2D
14.4.3. 3D
14.5. Middle East LiDAR Market Revenue (US$Mn) Forecast, By Component
14.5.1. Laser scanner
14.5.2. Navigation & Positioning Systems
14.5.3. Other Components
14.6. Middle East LiDAR Market Revenue (US$Mn) Forecast, By Functional Areas
14.6.1. Engineering
14.6.2. Corridor Mapping
14.6.3. Environment
14.6.4. ADAS & Driverless Cars
14.6.5. Urban Planning
14.6.6. Cartography
14.6.7. Meteorology
14.7. Middle East LiDAR Market Attractiveness Index
14.7.1. By Country
14.7.2. By Product Type
14.7.3. By Component
14.7.4. By Functional Areas
15. Africa LiDAR Market, By Region
15.1. Introduction
15.1.1. Annual Growth Rate Comparison, By Country
15.1.2. BPS Analysis, By Country
15.2. Market (US$Mn) Forecast, By Country
15.2.1. South Africa LiDAR Market
15.2.2. Egypt LiDAR Market
15.2.3. North Africa LiDAR Market
15.2.4. Rest Of Africa LiDAR Market
15.3. Africa LiDAR Market, By Product Type
15.3.1. Airborne LiDAR
15.3.2. Terrestrial LiDAR
15.3.3. Others
15.4. Africa LiDAR Market Revenue (US$Mn) Forecast, By Technology
15.4.1. 1D
15.4.2. 2D
15.4.3. 3D
15.5. Africa LiDAR Market Revenue (US$Mn) Forecast, By Component
15.5.1. Laser scanner
15.5.2. Navigation & Positioning Systems
15.5.3. Other Components
15.6. Africa LiDAR Market Revenue (US$Mn) Forecast, By Functional Areas
15.6.1. Engineering
15.6.2. Corridor Mapping
15.6.3. Environment
15.6.4. ADAS & Driverless Cars
15.6.5. Urban Planning
15.6.6. Cartography
15.6.7. Meteorology
15.7. Africa LiDAR Market Attractiveness Index
15.7.1. By Country
15.7.2. By Product Type
15.7.3. By Component
15.7.4. By Functional Areas
16. Recommendation
16.1. Market Strategy
17. Competitive Landscape
17.1. Competition Dashboard
17.2. List and Company Overview of Global Key Players
17.3. Company Profiles
17.3.1. Trimble Inc.
17.3.1.1. Company Overview
17.3.1.2. Financial Overview
17.3.1.3. Product Portfolio
17.3.1.4. SWOT Analysis
17.3.1.5. Key Developments
17.3.1.6. Business Strategies
17.3.2. Faro Technologies Inc.
17.3.3. Teledyne Technologies Inc.
17.3.4. Beike Tianhui Technology Co. Ltd.
17.3.5. Hexagon AB
17.3.6. Quantum Spatial
17.3.7. YellowScan
17.3.8. RIEGL Laser Measurement Systems GmbH
17.3.9. Geokno India Pvt Ltd
18. Acronyms
The global LiDAR market is estimated to reach at a value of US$ 1.4 Bn by the end of 2020 and expected to reach at a value of US$ 6.4 Bn by 2028 with a significant CAGR of 20.9%.
The base year for the report is 2021 in LiDAR market.
The global LiDAR market is segmented on the basis of product type, technology, component, functional areas, and region
Trimble Inc., Faro Technologies Inc., Teledyne Technologies Inc., Beike Tianhui Technology Co. Ltd., Hexagon AB, Quantum Spatial, YellowScan, RIEGL Laser Measurement Systems GmbH, Geokno India Pvt Ltd. are the key participating players in the market
