Global LIDAR Market Size is estimated to expand rapidly in coming years, at a CAGR of 17.95 % from 2018 to 2025. In 2017, the global market valuation was USD 1.85 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. LIDAR, which stands for Light Detection and Ranging is a surveying method that measures distance to a target by illuminating the target with pulsed laser light and then measuring the reflected wave by the sensor. The difference in laser return times and wavelengths can be used to draw digital 3 D presentation of the target. Geographically, Asia Pacific will be the highest growing region in the market of LIDAR.
Global Market Growth Opportunities (Revenue, Growth) By 2017-2025
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global LIDAR market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global LIDAR market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
By Type Insights: on the basis of type, global LIDAR market has been segmented into mechanical LIDAR and solid-state LIDAR. The market for solid state LIDAR is expected to grow at highest CAGR during forecast period due to the increasing use of this type in automatic and robotics industries.
By Application Insights: On the basis of application, global LIDAR market has been segmented into corridor mapping, ADAS & driverless car, engineering, and ground-based LIDAR systems. According to the research ground-based LIDAR is expected to drive the market with good revenue in the forecast period. Ground-based LIDAR are either stationary or movable. They are mounted on the vehicle or utility vehicle with the help of a tripod. Less cost estimation and ability to cover the larger area are key reasons behind the growing market of such LIDAR.
The global LIDAR market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; the Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. In terms of region Asia Pacific region is expected to witness high growth in the market in the upcoming time period owing to the increasing awareness among customer regarding the benefits. Low cost of raw material and easy availability of labors are key points for boosting the market in Asia Pacific region. China and Japan are expected to contribute the largest share in the market. North America is expected to witness high growth in upcoming time span due to high demand in military, forest, agricultural and civil infrastructure purposes and increasing awareness amongst consumers. Technical advancements and the increase in automation is also one of the reason behind market uplifting. Europe is anticipated to dominate the global LIDAR market over the projected period majorly owing to high consumer awareness, better technological connectivity and ease of raw material and highly cost-effective business strategies.
Global LIDAR Market Size, Share Analysis by Region 2017
Global LIDAR Market Study Objective
1. To forecast the market size of global LIDAR market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
2. Market analysis and forecast of global LIDAR market on the basis of region, substrate and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
3. To analyze and elaborate significant factors that will have major impact on the growth of global LIDAR market, such as drivers, restraints, challenges and opportunities.
4. Regional analysis of global LIDAR market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.
5. Strategic analysis of micro markets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.
6. To provide detailed analysis of competitive and strategic developments in the global LIDAR market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
Key Players Landscape
Teledyne Optech, Leica Geosystems, Reigl Laser Measurement Systems, Trimble, and Faro Technologies, Quantum Spatial, Velodyne LiDAR are some of the key players in the market of LIDAR.
Global LIDAR Market Study Report Offer You!
The global LIDAR market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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