2016 Global LiDAR Industry Report is a professional and in-depth research report on the world’s major regional market conditions of the LiDAR industry, focusing on the main regions (North America, Europe and Asia) and the main countries (United States, Germany, Japan and China).
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Improved automated processing ability in data processing and image resolution capabilities over other technologies are expected to be the major factors stimulating the consumption. Rising adoption of aerial systems for exploring & detecting historic details and increasing demand for 3D imaging technology across several application areas are also anticipated to spur growth.
Other verticals such as civil engineering, defense and aerospace, mining, archeology, transportation and forestry, and agriculture are also expected to spur growth as the end-users exhibit the tendency to reduce the cost of operations leading to rise in investments and awareness across diverse verticals.
However, usage of expensive components in the systems, viz., navigation system, laser scanner, and high-resolution 3D cameras conjointly increases the cost which may hamper growth over the forecast period. Low awareness about the benefits of the system can also pose a challenge.
Rising consumer adoption and an increasing number of new product launches are expected to draw huge investment from key participants, thus driving demand over the next seven years.
Asia Pacific LiDAR market is expected to witness a significant growth at a CAGR of 28% over the forecast period owing to increased spending on defense & military. North America LiDAR industry is anticipated to have the maximum share of nearly 40% of the overall revenue owing to high adoption of advanced 3D imagery technologies by the U.S. government.
Rising demand in the U.S. with increasing aerospace applications coupled with deployment in industries such as asset management, reverse engineering, civil engineering, telecommunications, and mine mapping is expected to drive demand in the U.S.
The Europe LiDAR market is anticipated to follow North America in terms of revenue and share owing to the technological advancements for meeting the customers’ requirements in various applications fields such as corridor mapping, volumetric mapping, and military and transportation.
Major players operating in this market are Quantum Spatial (Aerometric) (U.S.), Faro Technology (U.S.), Geodigital (Canada), Leica Geosystems AG (Switzerland), Optech, Inc. (Canada), Reigl Laser Measurement Systems GmbH (Austria), Topcon Positioning Systems, Inc. (U.S.), Trimble Navigation Limited (U.S.), Sick AG (Germany), Velodyne (U.S.), BLOM (Norway), Michael Baker International (U.S.), and YellowScan (France).
This research report categorizes the global LiDAR market based on component, product, service & software, application, and region. It describes the drivers, restraints, opportunities, and challenges with respect to the LiDAR market. The Porter’s five forces analysis has been included in the report with a description of each of its forces and their respective impact on the market.
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
In a word, it was a depth research report on Global LiDAR industry. And thanks to the support and assistance from LiDAR industry chain related technical experts and marketing experts during Research Team survey and interviews.
The study includes the demand of this market on a global and regional level for a six year period 2015 to 2020, both in terms of volume and revenue.
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