Lidar Market is Expected to Reach USD 9479 Million by 2026

LiDAR Market is forecasted to grow at 24.50% for 2019-2026 with factors such as increasing usage of drone LiDAR application in engineering projects, 3D imaging technology and technological advancement that will stalling the growth of the market in emerging economies.

LiDAR market has shown an exceptional penetration in developed economies such as U.S. and Canada due to the growing use of LiDAR application in environment, corridor mapping, meteorology and urban planning will boost the growth of the market.

LiDAR Market Scenario

According to Data Bridge Market Research the LiDAR market is growing due to increasing adoption of LiDAR technology in engineering and construction application, increasing usage of LiDAR in geographical information system application, technological advancement and emergence of 4D LiDAR are some of the factors that will accelerate the growth of LiDAR market in the forecast period of 2019-2026. On the other hand, rising investment in LiDAR startups by automotive giants and development of better geospatial solution using sensor fusion will further create new opportunities for the growth of the LiDAR market in the forecast period.

Now the question is which are the other regions intuitive is targeting? Data Bridge Market Research has forecasted a large growth in Asia-Pacific LiDAR market and the market leaders targeting China, India and Japan to be their next revenue pockets for 2020. The Data bridge market research new reports highlight the major growth factors and opportunities in the LiDAR market.

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New LiDAR Market Developments

In September 2019, LeddarTech Inc announced the launch of Leddar Pixell, a 3D flash LiDAR. It provides safety and protection to the passengers travelling on the road by detecting pedestrians, cyclists and other obstacles across the road. Other benefits of the product are full coverage over 180 degrees, no dead zone and exceptional durability.

In March 2018, Ouster, Inc announced the launch of OS-2-64 and OS-1-16. The new product OS-2-64 delivers a range of 200m with 64 beans at a tight spacing of 15.8 degrees, provides excellent performance for long range sensing for highways Av and ADAS application. OS-1-16 has a lower beam count than OS-2. With this launch company has the best LiDAR sensor for every application

Scope of the LiDAR Market

LiDAR market is segmented on the basis of countries into U.S., Canada, Mexico in North America, Brazil, Argentina, Rest of South America as a part of South America, Germany, France, U.K., Italy, Spain, Netherlands, Belgium, Russia, Turkey, Switzerland, Rest of Europe in Europe, China, Japan, India, Australia, Singapore, Thailand, Malaysia, Taiwan, Indonesia, Philippines, Rest of Asia Pacific (APAC) as a part of Asia-Pacific (APAC), U.A.E, Egypt, Saudi Arabia, South Africa, Israel, Rest of middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

All country based analysis of the LiDAR market is further analyzed based on maximum granularity into further segmentation. On the basis of component, the market is segmented into laser scanners, navigation & positioning systems, photodetector receivers, others. On the basis of product, the market is segmented into aerial, ground-based, UAV, solid-state. Based on image projection the market is segmented into 2D and 3D.  Based on services, the market is segmented into LiDAR data processing, aerial surveying, asset management, GIS service, ground-based surveying, and mapping & modelling. The applications covered for the report are corridor mapping, engineering, environment, ADAS & driverless cars, exploration, urban planning, cartography, meteorology. Based on installation the market is segmented into air borne and ground based. On the basis of range the market is segmented into short, medium and large. Based on end-user the market is segmented into defense and aerospace, civil engineering, archaeology, forestry and agriculture, mining industry and transportation.

Light detection and ranging (LiDAR) is a laser based system that will help in the detecting the position of objects to the earth with the help of 3D scanning and laser scanning technology. They provide the accurate data and high quality images in very less time while helps in the formation of high resolution mapping.

To know more about the study

Key Pointers Covered in the LiDAR Market Industry Trends and Forecast to 2026

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market By Brands 
  • Market Procedure Volumes
  • Market Product Price Analysis 
  • Market Regulatory Framework and Changes
  • Market Prices and Reimbursement Analysis
  • Market Shares in Different Regions  
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the report

  • Trimble Inc
  • Quantum Spatial
  • FARO Technologies, Inc.
  • Geokno
  • Leica Geosystems AG
  • RIEGL Laser Measurement Systems GmbH
  • Velodyne Lidar, Inc.
  • Quanergy Systems, Inc
  • Innoviz Technologies Ltd.
  • LeddarTech Inc.
  • AutonomouStuff
  • TriLumina
  • Neptec Technologies Corp

Above are the key players covered in the report to know about more and exhaustive list of LiDAR companies contact us

Research Methodology: Global LiDAR Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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