LiDAR Market Trends, Growth and Forecasts 2014 to 2021
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The LiDAR Market Research Report provides forecast and estimates for each application in terms of Market Size, Share, Trend and Growth during the study period(2014–2021).
LiDAR stands for Light Detection and Ranging. It is a remote sensing method used to examine the surface of the Earth. LiDAR systems are either airborne; mounted on an airplane or a helicopter or they are terrestrial systems. It is used in variety of applications such as agriculture, automatic remote sensing, meteorology, defense, mining, robotics etc.
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The key drivers for the LiDAR market are increasing demand for 3D imagery in various segments such as defense and reduction in LiDAR prices. The environmental applications such as fisheries monitoring, near-surface soil content and vegetation health are also expected to boost the market.
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Major player assessed in the report is :
- Aerometric
- Airborne Hydrography
- Firmatek
- Faro Technology
- 3D Laser Mapping
The High demand in LiDAR is due to rising demand in aerospace applications, reverse engineering, telecommunications, asset management, civil engineering and mine mapping is expected to drive the market. The key constraints of this market are low awareness about LiDAR and costly equipment used in the production of LiDAR.
The Asia Pacific market is expected to show high growth during the forecast period on account of increased defense spending. North America is expected to dominate the market, followed by Europe over the forecast period.
SEGMENTATIONS IN REPORT :
1. LiDAR By Product :
- Airborne
- Terrestrial
- Mobile
- Short Range
2. LiDAR By Component :
- GPS
- Data storage & management systems
- Navigation
- Laser Scanners
3. LiDAR By Application :
- Civil Engineering
- Defense
- Corridor Mapping
- Topographical Surveys
- Volumetric Mapping
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