According to a new research report by MarketIntelReports titled “Global LiDAR Industry 2016 Research Report” is a detailed qualitative analysis of the factors responsible for driving and restraining growth of the LiDAR Industry and future opportunities are provided in the report.
Browse Global LiDAR Industry 2016 Market Research Report
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.
The report firstly introduced the LiDAR basics: definitions, classifications, applications and industry chain overview; industry policies and plans; product specifications; manufacturing processes; cost structures and so on. Then it analyzed the world’s main region market conditions, including the product price, profit, capacity, production, capacity utilization, supply, demand and industry growth rate etc. In the end, the report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis.
Asia-Pacific would prove to be one of the most lucrative markets, in terms of growth. 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.
Some of the prominent players of market are:
- Quantum Spatial
- Faro Technology
- Leica Geosystems AG
- Optech, Inc
- Reigl Laser Measurement Systems GmbH
- Topcon Positioning Systems, Inc
- Trimble Navigation Limited
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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.
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?
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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