Industry Analysis
According to a report by Data Bridge Market Research, the global Light Detection and Ranging (LiDAR) market was valued at USD 1.40 billion in 2021 and is expected to reach USD 8.51 billion by 2029, with a compound annual growth rate (CAGR) of 25.30% during the forecast period of 2022-2029. The largest component segment in this market is laser scanners, which are increasingly being used for aerial scanning and mapping operations. Along with market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the report also includes expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Light Detection and Ranging (LiDAR) Market analysis report figures out market landscape, brand awareness, latest trends, possible future issues, industry trends and customer behavior so that the business can stand high in the crowd. It includes extensive research on the current conditions of the industry, potential of the market in the present and the future prospects from various angles. This market report comprises of data that can be pretty essential when it comes to dominating the market or making a mark in the Semiconductors and Electronics industry as a new emergent. To bestow clients with the best results, Data bridge market research document is produced by using integrated approaches and latest technology.
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Market Insights and Scope
According to the American Geoscience Institute, LiDAR has become extremely popular since GPS was introduced for precise geospatial measurements. LiDAR involves using a pulsed laser to measure the varying distances between an object and the surface of the earth. The system collects data from these laser pulses to generate accurate 3D information. LiDAR is also known as laser imaging detection and ranging, and is a type of remote sensing that uses lasers to measure distances to the earth. Because it combines 3D scanning with laser scanning, it is sometimes referred to as 3D laser scanning.
An excellent Data bridge market research report covers the systematic and comprehensive market research study, to provide the facts and figures allied with any subject in the field of marketing. With the specific and state-of-the-art information presented in this industry report, businesses can be aware about the types of consumers, consumer’s demands and preferences, their perspectives about the product, their buying intentions, their response to particular product, and their varying tastes about the specific product already existing in the Semiconductors and Electronics industry. Quality and transparency is strictly maintained while carrying out research studies to offer an exceptional market research report for specific niche.
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Industry Segmentation and Size
The light detection and ranging (LiDAR) market is segmented on the basis of component, technology, type, installation type, range, service, application and end user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
- Laser Scanners
- Navigation and Positioning Systems
- Global Positioning System (GPS)
- Inertial Measurement Unit (IMU)
- Others
- Camera
- High-Precision Clock
- Other Accessories
Technology
- 2D LiDAR
- 3D LiDAR
- 4D LiDAR
Type
- Mechanical
- Solid-State
Installation Type
- Airborne LiDAR
- Bathymetric LiDAR
- Topographic
- Ground-Based LiDAR
- Mobile LiDAR
Range
- Short
- Medium
- Long
Service
- LiDAR Data Processing
- Data Acquisition
- Point Cloud Classification
- 3D Visualization
- Aerial Surveying
- Asset Management
- GIS Service
- Ground-Based Surveying
Application
- Corridor Mapping
- Roadways
- Railways
- Others
- Engineering
- Environment
- Forest Management
- Coastline Management
- Pollution Modeling
- Agriculture
End User
- Defense and Aerospace
- Civil Engineering
- Archaeology
- Forestry and Agriculture
- Mining Industry
- Transportation
Market Country Level Analysis
The countries covered in the light detection and ranging (LiDAR) market report are
- S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Industry Share Analysis
Some of the major players operating in the light detection and ranging (LiDAR) market are
- Trimble Inc. (US)
- Leica Geosystems AG (Switzerland)
- Teledyne Optech (Canada)
- FARO (US)
- SICK AG (Germany)
- NV5 Global, Inc. (US)
- SureStar (China)
- Velodyne Lidar, Inc. (US)
- YELLOWSCAN (France)
- GeoKno (India)
- Phoenix LiDAR Systems (US)
- LeddarTech Inc. (Canada)
- Quanergy Systems, Inc. (US)
- Innoviz Technologies Ltd. (Israel)
- ZX Lidars (UK)
- Vaisala (Finland)
- Waymo LLC (US)
- Valeo (US)
- Ouster, Inc. (US)
Light Detection and Ranging (LiDAR) Market Report Answers the Following Questions
What is the current size and growth rate of the LiDAR market?
What are the key drivers and restraints for the growth of the LiDAR market?
What are the major types of LiDAR systems available and how are they being adopted in the industry?
Who are the major players in the LiDAR market and what are their market shares and competitive strategies?
Which regions or countries are expected to witness the highest growth in the LiDAR market in the coming years?
What are the major applications of LiDAR and how are they being utilized in various industries?
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