LIDAR Market by Product (Terrestrial / Static, Aerial, Mobile, Short-range), and By Application (Corridor mapping, Seismology, Exploration and Detection ,Others), Industry Trends, Estimation & Forecast, 2016 - 2024

August 2017

 Pages: 115

 ERC 7905

LIDAR market was valued at $332.2 million in 2016 and is projected to reach $1.4 billion by 2024, having a CAGR of 21.4 % from 2017 to 2024.Aerial LIDAR technology leads the market garnering a revenue of $182.5 million and growing with the highest growth rate, having a CAGR of 17.4% during the forecast period.

LIDAR stands for Light Detection and Ranging. It is a remote sensing method which uses light in the form of a pulsed laser in order to measure the ranges to the Earth. These light pulses, which are combined with various data recorded by the airborne system, generate accurate, precise, 3D information. It is a surveying method which measures distance to a target by illuminating that very target with a pulsed laser light, and measuring the reflected pulses with the help of a sensor. Differences in laser return times and wavelengths can then be used to make digital 3D-representations of the target. LIDAR technology generally uses ultraviolet, visible, or near infrared light for imaging the objects. It can also target a wide range of materials, including non-metallic objects, rocks, rain, chemical compounds, aerosols, clouds and even single molecules.The improvisation of automated processing ability of LIDAR technology in the terms of image resolutions is a major factor which is driving the LIDAR market. The advancement in the data processing capabilities over other surveying technologies is also driving the market growth. A hike in the demand of advanced 3D imaging technology can also push the growth of the LIDAR market. However the lack of awareness regarding LIDAR technology and its benefits may resist the market growth. Moreover, the high cost of LIDAR system components, such as laser scanners, navigation system, 3D cameras, leading to high cost of LIDAR systems, can restrain the growth of market. The ever increasing demand upgraded and improvised automated vehicles can act as a major opportunity for the LIDAR system market.

The global LIDAR market is segmented on the basis of type, components used, application, end user sectors and geography. By type, the market is segmented as terrestrial, aerial, mobile and short range are. On the basis of components, the LIDAR system market is segmented as a laser scanner, inertial navigation system, camera, GPS receiver and micro-electro-mechanical system. Corridor mapping, seismology, and exploration and detection purpose are some major application of LIDAR systems. By End-user, the market is categorized as, defense and aerospace, civil engineering, archaeology, forestry and agriculture, mining industry and transportation. On the basis of geography, the LIDAR market is segmented as North America, Europe, Asia-Pacific, and LAMEA.

Some of the key market players of the global LIDAR market are Airborne Hydrography AB, Leosphere SaS, Faro Technologies Inc., Leica Geosystems Inc. (Hexagon), 3D Laser Mapping Inc., Firmatek LLC, RIEGL Laser Measurement Systems GmbH, Aerometric Inc., Mira Solutions Inc., Optech Inc. (Teledyne Technologies), Quanergy Systems, Inc.

Global LIDAR Market Segmentation


By Product Type
• Terrestrial / Static
• Aerial
• Mobile
• Short-range

By Application
• Corridor mapping
• Seismology
• Exploration and detection
• Others

By Components
• Laser
• Inertial navigation system
• Camera
• Gps/Gnss receiver
• Micro Electro Mechanical System (MEMS)

By End-User
• Defense and aerospace
• Civil Engineering
• Archaeology
• Forestry and Agriculture
• Mining Industry
• Transportation

By Geography
• North America
• Europe
• Asia-Pacific
• Rest of World

KEY MARKET PLAYER

• Velodyne
• IBEO automotive systems GmbH
• Hokuyo Automatic Co. Ltd.
• Airborne Hydrography AB
• Leosphere SaS
• Faro Technologies Inc.
• Leica Geosystems Inc. (Hexagon)
• 3D Laser Mapping Inc
• Firmatek LLC
• RIEGL Laser Measurement Systems GmbH
• Aerometric Inc.
• Optech Inc.
• Quanergy Systems, Inc
• Mira Solutions Inc.

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    What Information does this report contain?

    • What was the market size of the Global LIDAR Market in 2016 and the expected market size by 2024, along with the growth rate?
    • An in-depth analysis of the current impacting factors, opportunities and challenges/restraints in the market
    • Which are the largest revenue generating products, services or regions and their comparative growth rate?
    • Which technology is in trend and how would it evolve during the forecast period (2016 - 2024)?
    • Which are the leading companies in the Global LIDAR Market and their competitive positioning basis their market share, product portfolio, strategic attempts and business focus?

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