Global LIDAR Market Industry trends, Estimation & Forecast to 2024

-

The global LiDAR market generated a revenue of $332.2 million in 2016 and is expected to reach $1.4 billion by 2024, having a CAGR of 21.4 % from 2017 to 2024.




Light Detection and Ranging also called as LiDAR, is a technology which uses pulsed laser in order to measure various ranges to the earth. The technology is capable of generating accurate and precise 3D information. LiDAR is mainly used for surveying. The process includes measuring distance of a target by hitting it with a pulsed laser light (mainly, ultraviolet, visible or near infrared light).

The reflected laser then returns, having the information with it, which can be deduced using a sensor which calculates the difference in laser return time for the distance of the object and uses the wavelength to form a 3D image of the very target. LiDAR technology can be used to target various materials such as rocks, rain, clouds, chemicals and even molecules.

Market Dynamics

LiDAR technology is highly capable of giving excellent results in terms of image resolutions. This is a major factor driving the global LiDAR market. The increasing adoption of aerial LiDAR systems to explore and detect places and historic details is driving the market growth. Constantly advancing data processing abilities and steep growth in the demand of advanced 3D imaging technology is also expected to stimulate the growth of LiDAR market globally. However, high cost of LiDAR systems such as high resolution cameras and navigation systems, can resist the market growth. 

Additionally, the lack of awareness about LiDAR technology and its assistances is declining the market growth. However, the constantly rising demand of enhanced and improvised, fully automated vehicles has urged a huge requirement of LiDAR systems, acting as an opportunity for the market.

Global LiDAR MARKET SEGMENTATION

By Product Type
• Terrestrial / Static
• Aerial
• Mobile
• Short-range

By Application
• Corridor mapping
• Seismology
• Exploration and detection
• Others

By Components
• Laser
• Inertial navigation system
• Camera
• Gps/Gnss receiver
• Micro Electro Mechanical System (MEMS)

By End-User
• Defense and aerospace
• Civil Engineering
• Archaeology
• Forestry and Agriculture
• Mining Industry
• Transportation

By Geography
• North America
• Europe
• Asia-Pacific
• Rest of World

For more inquiry contact our sales team at contact@aarkstore.com

Related Reports:

2018 Global Blood Banking Instrumentation Review: Operating Characteristics, Features and Selling Prices of Leading Automated and Semiautomated Analyzers

2018 Global Blood Banking Market Outlook: Supplier Shares, Country Volume and Sales Forecasts for Typing, Grouping and Infectious Disease Screening Tests, Facilities by Country

Global LiDAR Market Report 2018

Global Lidar Light Detection and Ranging Market Research Report 2018

Contact Details:
Aarkstore Enterprise
Phone: +91 - 22 2756 4963
24/7 Online Support: +91 9987295242
Email: enquiry@aarkstore.com
Our website: http://www.aarkstore.com
Our blog: http://www.aarkstore.com/blog

Comments

Post a Comment

Popular posts from this blog

India travels across!

-
Image
Tourism is a cultural and provisional base for any nation. India is democratic and has shown enormous growth trends in outbound tourism. Prevailing estimation proposes that India has moved up becoming the 8th largest outbound travel market destination of the world. India outbound tourism market has risen considerably in recent years, giving tremendous profits to tours and travel companies abroad. CULMINATION According to the research of India Travel and Tourism market , most of the major players of tourism business over the globe are looking to invest in the expenses of India's population. Thus, capitalizing the overall annual growth with outbound meetings, incentives, conferences, and exhibitions. The recent estimated value of India's travel business has reached a whopping 95-billion-dollar extension with the major push being the US. This data was released and evaluated greatly in compliance with the travel and tourism market reports from
Read more

A detailed SWOT report on A.P. Moller – Maersk

-
Image
A.P. Moller - Maersk AS (MAERSK B) - Financial and Strategic SWOT Analysis The review provides you an in-depth strategic SWOT analysis of the company’s businesses and operations. The profile has been compiled to bring to you a clear and an unbiased view of the company’s key strengths and weaknesses and the potential opportunities and threats. The profile helps you formulate strategies that augment your business by enabling you to understand your partners, customers, and competitors better. The profile contains critical company information including: ·         Business description – A detailed description of the company’s operations and business divisions. ·         Corporate strategy – Analyst’s summarization of the company’s business strategy. ·         SWOT Analysis – A detailed analysis of the company’s strengths, weakness, opportunities, and threats. ·         Company history – Progression of key events associated with the company. ·         Major prod
Read more

Examining Closed-circuit TVs

-
Image
India overall CCTV Market is expected to register a CAGR of more than 12% in forecasted period 2018-2023. CTV Camera is the dominant Segment in CCTV Market followed by the video recorder. The market is driven by the increased acceptance of IP based technology over non-IP. Currently, the market is driven by traditional non-IP technology. It is expected the market will drive by IP Based technology in the forecast period. Non-IP CCTV camera market contributes more than 60% market share in 2017. Dome type CCTV Camera highly preferable in India CCTV Market. In terms of the Video recorder, DVR is high acceptance in India CCTV Market followed by NVR/HVR. Network video recorder (NVR) is gaining ground in video recorder segment as CCTV Market is shifting from Non-IP to IP based technology. It is expected the NVR will overtake the DVR in the forecasted period. The Key players operate in CCTV Market includes CP Plus, Dahua, Hikvision, Axis Communic
Read more