Global LiDAR Market is Expected to Register a Healthy CAGR in the Forecast Period of 2019 to 2026

Global LiDAR Market

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Lidar stands Light detection and ranging which usually uses light to measure distance of different object from the earth in the form of pulsed ranges. They usually create three dimensional information in the brief manner. These LIDAR usually consist of GPS receiver, scanner and a laser. Topographic and bathymetric are two of the common types of the LIDAR. They are very useful for the scientist as it help them to evaluate natural and manmade environment accurately and precisely.

Segmentation: Global LIDAR Market

Global liDAR market is segmented on the basis of component, product, application, installation, image production, end- user and geography

By Component (Laser Scanners, Navigation & Positioning Systems, Photodetector Receivers, Others); Product (Aerial, Ground-Based, UAV, Solid-State), Service (LiDAR Data Processing, Aerial Surveying, Asset Management, GIS Service, Ground-Based Surveying, Mapping & Modelling), Application (Corridor Mapping, Engineering, Environment, ADAS & Driverless Cars, Exploration, Urban Planning, Cartography, Meteorology), Installation (Air-borne, Ground based), Range (Short, Medium, Large), Image Projection (2D, 3D), End User (Defense and aerospace, Civil Engineering,  Archaeology, Forestry and Agriculture,  Mining Industry,  Transportation), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

Key Market Competitors: Global LIDAR Market

Few of the major competitors currently working in the Lidar market are Sick AG, Trimble Inc., Quantum Spatial, FARO Technologies, Inc., Beijing Beike Digital Medical Technology Co.,Ltd., Geokno India Pvt. Ltd.,Leica Geosystems AG, RIEGL Laser Measurement Systems GmbH , Velodyne Lidar, Inc., Geokno India Pvt. Ltd., Quanergy Systems, Inc., Innoviz Technologies Ltd., LeddarTech Inc, AutonomouStuff, TriLumina, Tetravue, Inc., Skylum, Princeton Lightwave, Inc., Neptec Technologies Corp., among others.

Recent Development

  • In April 2019, Velodyne Lidar, the leader in LiDAR solution provider in USA, entered into an affirmative agreement with Nikon Corporation, under which Sendai Nikon Corporation, a Nikon subsidiary, for a multifaceted business alliance, wherein it would manufacture and mass produce lidar for the autonomous and advanced safety global market With this, Velodyne would expand its business line and enhance its lead in the global LiDAR market
  • In August 2018, Sick AG has developed a new and innovative series of high-precision light detection and ranging sensors, i.e. LMS1000 and MRS1000 infrared LIDAR sensors. With this invention, the company has raised the bar in high-precision and reliable distance sensing and ranging

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