Skip to main content

LiDAR Market to Surpass $10 Billion by 2025: Global Market Insights, Inc.

The Europe LiDAR market is expected to grow at a CAGR of over 20% during the forecast period due to the increasing use of advanced LiDAR solutions on various engineering projects on a large scale.



SELBYVILLE, Del. - April 30, 2019 - (Newswire.com)

​The LiDAR market is poised to rise from USD 1 billion in 2018 to over USD 10 billion by 2025, according to a 2019 Global Market Insights, Inc. report. The LiDAR technology uses shorter wavelengths that allow it to detect miniscule objects with a high degree of accuracy while developing an exact 3D monochromatic model of the object. This characteristic has opened an entirely new paradigm of possibilities to solve complex tasks, specifically in factory automation, robotics, and manufacturing sectors, encouraging companies to use LiDAR solutions due to their ability to solve various complex problems while simultaneously developing high-precision 3D models.

The bathymetric LiDAR market is projected to grow a CAGR of over 30% over the forecast timeline. The changing climatic conditions in coastal areas, rising sea levels, and the increasing severity of extreme natural events have renewed the focus toward a better understanding of coastlines. The bathymetric measurement systems survey nearshore land and sea surface areas to help identify potential risks in coastal regions. It serves a cost-effective and efficient technology solution for simultaneously capturing both land and sea data to develop a detailed elevation model along coastlines. The technological advancement in the bathymetric segment landscape is also augmenting its adoption.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/421

Aircraft are using multiple sensors, which are designed to provide an integrated 360-degree view over large areas, faster throughput, enhanced reflection calibration between flight lines, and enhanced point density. The advances in cloud computing and big data processing have been driving its usage in long-duration surveying & mapping applications.

The mechanical LiDAR market is anticipated to register a growth rate of over 32% during the forecast timeline. This is attributed to the widespread demand for mechanical LiDAR devices in driverless cars. The companies operating in the automotive sector are exploring new ways to drive the price of manufacturing mechanical LiDAR systems. The solid-state technology is yet to be commercialized and is still in the development phase. A large number of R&D activities are expected to drive the innovations in the solid-state LiDAR market.

The environment LiDAR market is expected to register a growth rate of over 32% during the projected time period. The LiDAR technology provides real-time data for numerous geoscience applications to develop accurate & high-resolution maps and 3D models. The technology has been used to study the ecosystem of various wildlife species including different types of birds, insects, and animals. It is used to measure the vertical density of forest canopy to monitor forest fires and identify certain forest areas that enhance the productivity of wood quality. The LiDAR technology helps plan and manage a forest while increasing environmental quality.

Browse key industry insights spread across 240 pages with 388 market data tables & 27 figures & charts from the report, “LiDAR Market Size By Product (Airborne [Topographic, Bathymetric], UAV, Terrestrial [Mobile, Static]), By Type (Mechanical, Solid-state), By Application (Corridor Mapping [Roadways, Railways, Bridges & Tunnels], Engineering, Environment, Driverless Cars, Exploration & Meteorology, Cartography), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Australia, China, India, Japan, South Korea, Brazil, Mexico, GCC, South Africa), Application Development, Competitive Landscape & Forecast, 2019 - 2025” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/lidar-light-detection-and-ranging-market

The Europe LiDAR market is expected to grow at a CAGR of over 20% over the projected time period due to the increasing use of advanced LiDAR solutions on various engineering projects on a large scale. Another factor that has acted as a catalyst in the usage of LiDAR solutions is the rising use of UAVs for various recreational & commercial purposes. There has been an upsurge in the number of supportive government initiatives, encouraging enterprises to invest on LiDAR-based research along with the adoption of the LiDAR technology for numerous public sector applications such as flood relief and management.

Some of the players in the LiDAR market are Beijing Surestar Technology, Geodigital, Leica Geosystems, Michael Baker International, Ouster, Teledyne Optech, Topcon Positioning Systems, Quantum Spatial, Velodyne LiDAR, Yellowscan, Trimble, Valeo, Riegl Laser Measurement Systems, Quanergy Systems, Innoviz Technologies, Leddartech, Geokno, and Faro Technologies.

Make an Inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/421

Browse Related Reports:

Geographic Information System (GIS) Market Size By Component (Hardware [GIS Collectors, GNSS Antenna, Total Station, LiDAR], Software [Desktop GIS, Web GIS, Mobile GIS], Service [Training & Consulting, Integration & Maintenance, Managed Service]), By Application (Mapping, Surveying, Location-based Service, Telematics and Navigation), By End-Use (Agriculture, Construction, Mining, Oil & Gas, Telecommunication, Government, Transportation and Logistics), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Netherlands, China, Japan, Australia, South Korea, India, Southeast Asia, Brazil, Mexico, Argentina, South Africa, UAE, Saudi Arabia, Israel), Growth Potential, Competitive Market Share & Forecast, 2018 - 2024

https://www.gminsights.com/industry-analysis/geographic-information-system-gis-market

Mobile Mapping Market Size By Component (Hardware [Imaging Device, Laser Ranging Device & Scanning Device, Positioning Device], Software [Mapping Data Extraction, Data Processing], Service [Consulting, Integration & Maintenance, Managed Service]), By Application (Road & Railway Survey, GIS Data Collection, Vehicle Control & Guidance, Asset Management), By End-User (Agriculture, BFSI, Government & Public Sector, Real Estate, Retail, Mining, Telecommunication, Transport & Logistics), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Australia & NZ, China, India, Japan, South Korea, Brazil, Mexico, Argentina, GCC, Israel, South Africa), Growth Potential, Competitive Market Share & Forecast, 2018 – 2024

https://www.gminsights.com/industry-analysis/mobile-mapping-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com


Related Links
LiDAR Market Size
Simultaneous Localization and Mapping (SLAM) Technology Market Size



Press Release Service by Newswire.com

Original Source: LiDAR Market to Surpass $10 Billion by 2025: Global Market Insights, Inc.
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.