At 35% CAGR, LiDAR Market to be Worth More Than $10 Billion by 2025
Oct 23, 2019
In terms of product segmentation, the topographic LiDAR market outlook is projected to depict growth of over 25% through 2025
Selbyville, United States - October 23, 2019 /MarketersMedia/ —
As per reliable reports, the global LiDAR market is projected to record remuneration of over $10 billion by 2025. Traditional mapping & imaging solutions currently in existence have certain limitations in performance, thereby promoting LiDAR industry growth, owing to the proliferating demand for sophisticated 3D imaging technologies in high-precision applications.
LiDAR solutions can identify minute objects through the use of shorter wavelengths, which enables them to maintain higher accuracy levels in comparison with their conventional counterparts like radar or aerial mapping. These characteristics make LiDAR the preferred choice for myriad environmental applications like survey assessment, coastal engineering, forest inventory, geomorphology, floodplain mapping, hydrology, landscape ecology and volumetric calculations across a broad range of industry sectors.
Request for Sample Copy of This Report @ https://www.gminsights.com/request-sample/detail/421
In terms of product segmentation, the topographic LiDAR market outlook is projected to depict growth of over 25% through 2025. Key industry players in the LiDAR industry landscape are shifting their focus towards the development of imaging solutions tailored to suit myriad applications including disaster planning, emergency management, forest inventory, soil, erosion management and country & state side mapping, among others.
The topographic LiDAR industry is witnessing accelerated demand owing to the product’s penetrability into dense forest canopies and precise 3D imaging capabilities for numerous regional landscape models. These devices demonstrate considerable application potential in creating digital terrain models, topographic classified point clouds, digital surface models and contours.
The mechanical LiDAR market accounted for over 90% of the market share in 2018 due to the extensive demand for LiDAR systems in autonomous vehicles. The major automakers are exploring new avenues to develop inexpensive LiDAR devices for their driverless cars. Currently, LiDAR technology is being incorporated into advanced driver assistance systems to augment the safety features in semi-autonomous cars. The bulky nature and high price associated with mechanical LiDAR devices have been hindering LiDAR industry growth. The solid-state market is expected to attain a high CAGR over the forecast timeline.
The corridor mapping LiDAR market held more than 30% share in 2018 due to the rising demand for high-resolution and real-time data in network and infrastructure management services across numerous industry verticals such as roads, utilities, railways, and oil & gas. The corridor mapping allows the generation of high-resolution 3D models and maps of infrastructures, rivers, coastal sections, powerlines, roads, and networks. It thoroughly maps and scans the examined lines to process the 3D cloud data and characterize the elements of interest.
The North America region has held a major market share of over 50% in the LiDAR market in 2018. This is attributed to the strong foothold of large automobile companies operating in the region, undertaking various R&D initiatives to develop advanced LiDAR devices. The rising use of drones for recreational & commercial purposes is also spurring the market. The Asia Pacific market is expected to register a CAGR of over 35% during the projected time duration. The increasing number of smart city initiatives in the countries including Japan, China, and India has given rise to various new expansion opportunities for the LiDAR industry.
Browse key industry insights spread across 240 pages with 388 market data tables & 27 figures & charts from the report, “LiDAR Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/lidar-light-detection-and-ranging-market
Some of the players operating in the LiDAR market are Geodigital, Innoviz Technologies, Leddartech, Ouster, Quantum Spatial, Teledyne Optech, Topcon Positioning Systems, Riegl Laser Measurement Systems, Quanergy Systems, Trimble, Velodyne LiDAR, Yellowscan. Valeo, Geokno, Beijing Surestar Technology, Leica Geosystems, Michael Baker International, and Faro Technologies.
Some Points From Table Of Content: -
Chapter 5 LiDAR Market, By Product
5.1 Key trends in the LiDAR industry, by product
5.2 Airborne
5.2.1 Market estimates and forecast, 2014 - 2025
5.2.2 Market estimates and forecast, by region, 2014 - 2025
5.2.3 Topographic
5.2.3.1 Market estimates and forecast, 2014 - 2025
5.2.3.2 Market estimates and forecast, by region, 2014 - 2025
5.2.4 Bathymetric
5.2.4.1 Market estimates and forecast, 2014 - 2025
5.2.4.2 Market estimates and forecast, by region, 2014 - 2025
5.3 UAV
5.3.1 Market estimates and forecast, 2014 - 2025
5.3.2 Market estimates and forecast, by region, 2014 - 2025
5.4 Terrestrial
5.4.3 Mobile
5.4.4 Static
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/lidar-light-detection-and-ranging-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 Info:
Name: Arun Hegde
Email: Send Email
Organization: Global Market Insights, Inc.
Address: Global Market Insights, Inc., 4 North Main Street,
Phone: 3028467766
Website: https://www.gminsights.com/pressrelease/lidar-light-detection-and-ranging-market
Source URL: https://marketersmedia.com/at-35-cagr-lidar-market-to-be-worth-more-than-10-billion-by-2025/88930315
Source: MarketersMedia
Release ID: 88930315
More News
South Korea’s latest chart sensation has a secret: the singer isn’t human
A little-known South Korean music act has climbed the charts with a viral hit that has caught listeners off guard – not just for its sudden popularity, but because its vocals were generated entirely by artificial intelligence. Meomuru’s single, “Have You Become the Adult You Dreamed Of?”, climbed to No 2 on Melon’s Top 100 – South Korea’s flagship streaming chart – earlier this week. The track’s popularity has turned Meomuru into one of the country’s most-talked-about acts. The song was created...
Southeast Asia’s EV boom sidelines local car parts suppliers
Southeast Asia’s electric vehicle boom risks leaving the region’s smaller companies behind, as Chinese automotive giants bypass local part-makers in favour of imported components and locked-in supplier networks. Local manufacturers across Indonesia, Thailand and Malaysia are facing a double squeeze: demand is weakening for parts used in petrol and diesel cars, collectively known as internal combustion engine (ICE) vehicles, while steep barriers to entry also keep them out of EV supply...
FBI blames North Korea for stolen billions from Binance in biggest hack in history
The theft of billions of dollars from Binance within a matter of minutes, the biggest cryptocurrency heist in history, was orchestrated by North Korean hackers, the FBI said on Saturday. The Federal Bureau of Investigation said in a statement that this week’s attack was tied to “malicious cyber activity” by an entity known as TraderTraitor, the same actors behind a US$1.5 billion Bybit hack last year. The FBI asked cryptocurrency exchanges, blockchain analytics companies and others to block...
North Korean Hackers Stole Billions, the F.B.I. Says. It’s Not Their First Heist.
This week’s $6.3 billion hack of Binance is the largest to hit crypto, and would be the most that North Koreans have stolen in years of brazen cybercrime.
A Chinese Port Could Be a Lifeline for Spain, but Also a Threat
Residents say a proposed Chinese car plant in northern Spain will create new jobs. Others say it’s a long-term risk, distilling a debate about the costs and perks of ties to China.
SI is the future of AI – just not in the way Trump thinks
With US President Donald Trump recently pushing the use of “superintelligence” (SI) instead of artificial intelligence (AI) in national discourse, the acronym has gained unprecedented attention. It is the right acronym but the wrong meaning. In my opinion, SI should stand for “self-intelligence”. It probably explains why academics, critics and even major AI companies are calling for a temporary pause in AI development. They must have realised the technology’s current trajectory is headed down...
200 nations at Cop17 commit to biodiversity goals amid missed opportunities
Nearly 200 nations have struck hard-fought agreements at a UN biodiversity summit, but the outcome was accompanied by disappointment over missed opportunities to address humanity’s destructive toll on nature. Delegates cheered on Friday as crucial texts were approved in overtime but the celebrations were tempered by acrimonious debates and regret over limited progress on some of the most contentious issues. The Cop17 summit in Armenia sought to revive a landmark commitment to halt and reverse...
Apple Intelligence to roll out on iPhones in China in December with Alibaba backing
Apple’s long-awaited artificial intelligence features will be officially launched in China in December, ending two years of regulatory uncertainty as the US tech giant seeks to bring advanced technologies to its second-largest market with the help of Alibaba Group Holding. The first batch of Apple Intelligence services will roll out to Chinese iPhone users alongside the iOS 27.3 update in December, following an open beta test with developers starting November 4, the US company said in a...
Both Japan and China can help Bangladesh reach its full potential
In the Land of the Rising Sun, Bangladesh looks forward to a new dawn. The hope that comes with Prime Minister Tarique Rahman’s visit to Japan goes beyond the deals signed or the financial support expected. It shows a country that has emerged from authoritarian rule and wants to turn its new political voice into bigger economic chances and freedom of choice. For a government chosen by the people, foreign policy must answer one question: how does it make life better for the people who gave it...
Can battery swapping and energy storage power CATL’s next phase of growth?
Contemporary Amperex Technology Ltd (CATL) has doubled down on new businesses including battery swapping and energy storage as the world’s largest battery maker seeks new growth drivers amid intensifying price wars and mounting pressure on profitability. But the new path is far from straightforward. Established players like Nio have already built a strong presence in battery swapping, while BYD has reinforced its position in energy-storage systems. Lucas Zhang Liutong, director of Hong...
Liu Yandong, Rare Woman Among China’s Political Elite, Dies at 80
The former vice premier was one of just six women to have served on the Chinese Communist Party’s elite Politburo, though she was excluded from the top ranks of power.
China joins global race to reawaken brain-injury patients through ultrasound therapy
After spending three months in a coma following a brain haemorrhage, a patient in China has regained the ability to speak, eat and walk with support – part of an early clinical trial using targeted sound waves to help “wake up” severely damaged brains, according to state media. The technology, developed by a coalition including the Chinese Academy of Sciences’ Shenzhen Institutes of Advanced Technology, used focused ultrasound waves to stimulate regions deep within the brain without requiring...
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.