The
global LiDAR market is expected to reach USD 1.34 billion
by 2024, according to a new report by Grand View Research, Inc. The surging
acceptance in environmental mapping and automobile safety application arenas is
expected to boost the market growth. The increasing acceptance in the
construction and architectural segment for monitoring & 3D-modeling
applications is further anticipated to bolster the market growth.
The market
can be categorized on the basis of application types into corridor mapping,
engineering, environment, exploration, Advanced Driver Assistance Systems
(ADAS) & others. The ADAS application segment is expected to grow at a
remarkable pace owing to the surging incorporation in automotive safety and
forward-collision avoidance systems; for instance, in Automatic Emergency
Braking (AEB) systems to reduce the number of car crashes.
In July
2016, Velodyne LiDAR (U.S.) announced a partnership agreement with Dibotics
(France), a Paris-based pioneer in the infrastructure-less and GPS-denied
navigation. Dibotics would be providing consulting services to Velodyne
customers in the 3D SLAM software segment, where the company would make
contributions to the Dibotics platform in augmenting its technology deployed
with Velodyne’s 3D LiDAR sensors.
Full
Research Report On Global LiDAR Market Analysis:
www.grandviewresearch.com/industry-analysis/lidar-light-detection-and-ranging-market
www.grandviewresearch.com/industry-analysis/lidar-light-detection-and-ranging-market
Further
key findings from the report suggest:
- The global LiDAR market is
estimated to grow significantly over the forecast period due to automation
in numerous industries, leading to reduced human efforts and increased
efficiency. The technological superiority of LiDAR and several engineering
projects of the large magnitude are estimated to trigger the demand by
2024.
- Airborne systems are
expected to remain the dominant product segment over the forecast period.
The segment is anticipated to gain prominence over the forecast period on
account of the surging adoption of aerial mapping devices. Mobile
terrestrial scanning is a frequently preferred survey method in
monitoring, conservative topography, and geospatial mapping. UAV systems,
also popularly known as drone mappers, are a contemporary mapping
technique that incorporates LiDAR devices mounted on a drone to conduct
scanning & associated mapping operations.
- North America is expected
to emerge as one of the leading regional markets owing to the rising
R&D spending coupled with high adoption in the automotive sector and
environmental scanning & modeling operations. Asia Pacific is expected
to witness a substantial growth over the forecast period. The surge in the
demand across the product segments is expected to spur the market demand.
- The key industry
participants include Velodyne LiDAR, Inc., Leica Geosystems Holdings AG,
Faro Technologies Inc., Trimble Navigation Limited, and RIEGL USA Inc. The
current market environment is witnessing an intense competition between
the key players for achieving the market domination via product
differentiation and enhancement of quality.
View more
reports of this category by Grand View Research at:
Grand View Research has segmented the global LiDAR market on the basis of
product type, application type, component type, and regions:
LiDAR
Product Type Outlook (Revenue, USD Million, 2014 - 2024)
- Airborne
- Terrestrial
- Mobile
& UAV
LiDAR
Application Type Outlook (Revenue, USD Million, 2014 - 2024)
- Corridor
Mapping
- Engineering
- Environment
- Exploration
- Advanced
Driver Assistance Systems(ADAS)
- Others
LiDAR
Component Type Outlook (Revenue, USD Million, 2014 - 2024)
- Laser
Scanner
- GPS
- Navigation
- Others
LiDAR
Regional Outlook (Revenue, USD Million, 2014 - 2024)
- North
America
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia
Pacific
- China
- India
- Japan
- Latin
America
- Brazil
- Mexico
- Middle
East & Africa
View press
release of this research report by Grand View Research:
www.grandviewresearch.com/press-release/global-lidar-market
www.grandviewresearch.com/press-release/global-lidar-market
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market intelligence
studies ensuring relevant and fact-based research across a range of industries,
from technology to chemicals, materials and healthcare.
For more
information: www.grandviewresearch.com
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