LiDAR Market

LiDAR Market

Category : Information & Communication Technology Reports | Delivery Format : PDF,PPT | Publisher: Reports and Insights | Pages : 212

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LiDAR Market Overview

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%.

LiDAR Introduction

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.

LiDAR Market Dynamics

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.

LiDAR Market Segmentation

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.

By Product Type

Airborne LiDAR

Terrestrial LiDAR

Others

By Technology

1D

2D

3D

By Component

Laser scanner

Navigation & Positioning Systems

Other Components

By Functional Areas

Engineering

Corridor Mapping

Environment

ADAS & Driverless Cars

Urban Planning

Cartography

Meteorology

By Region

North America

Latin America

Europe

Asia Pacific

Middle East

Africa

LiDAR Market Key Players

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.

MMC Overview on LiDAR Market Report

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.

Factors that are benchmarked while estimating 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

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Press Release

LiDAR Market

Frequently Asked Questions

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%.

Soaring demand of 3D imaging technology for usage in applications areas like defense and military, civil engineering, topographical surveys, and corridor mapping and others and 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

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


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