Report
Description
A recent market intelligence report that is published by Data
Insights Partner on LiDAR Market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international. The research study also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and world LiDAR Market over the short as well as long period of time. A
detailed presentation of forecast, trends, and dollar values of international LiDAR
Market is offered.
Market
Insights:
In accordance with the report, the LiDAR Market is
projected to expand at a CAGR of X.X% over the period
of forecast. The global LiDAR Market was
valued at USD XX.X Mn in 2019 and is expected to reach USD XX.X Mn in 2031,
growing with a significant CAGR rate during the forecast period. The market is
expanding as a result of the increased use of LiDAR systems for numerous
applications, including Advanced Driver Assistance Systems (ADAS), urban
planning corridor mapping, etc. The enormous growth of the LiDAR business will
also benefit from the adoption of 4D LiDAR. The LiDAR market is significantly
influenced by its many qualities, such as high-speed data transfer with
high-resolution results. North America, Asia-Pacific, Europe, South America,
the Middle East, and Africa are the regions of the world where the LiDAR market
is segmented geographically. North America is anticipated to rule the LiDAR
market throughout the forecasted period. The technological and financial
advancements are attributable to a number of LiDAR firms in the USA. The
substantial portion is also attributable to the employment of numerous LiDAR
applications in fields like urban planning, meteorology, environment, etc.
Additionally, the existence of LiDAR sensor producers will promote the
development of the technology. However, the Asia-Pacific area will continue to
grow steadily over the following years. The expanding involvement of various
LiDAR industry leaders in extending their businesses is a key factor in the
market's expansion.
Research
Methodology:
To compile
the detailed study of the global LiDAR Market, a
robust research methodology has been adopted that aids in determining the key
insights and also evaluates the growth prospects of the LiDAR Market. Comprehensive and iterative research
methodology focused on minimizing deviance in order to provide the most
accurate estimates and forecast possible. The company utilizes a combination of
bottom-up and top-down approaches for segmenting and estimating quantitative
aspects of the market. Our research methodology implements a mix of primary as
well as secondary research. Our projects are initiated with secondary research,
where we refer to a variety of sources including trade databases; government
published documents, investor presentations, company annual reports, Industrial
papers, and paid databases. To carry out secondary research, the analysts have
collected the information through company annual reports, journals, company
press releases, and paid databases that were referred to gain and identify
better opportunities in the LiDAR Market.
COVID-19
Scenario Analysis:
The COVID-19
outbreak has shaken the whole economy in the world. In this scenario some
industries are doing quite well while others have been crushed. This section of
the report has explored the overall status of the COVID-19 scenario. The
industry witnessed a huge decline in terms of sales. Likewise, the LiDAR Market was affected negatively due to the shutdown of
manufacturing/processing facilities for some time. The analysts have also
focused on the key measures that the companies are opting to withstand the
harsh scenario.
Segment
Covered:
LiDAR Market Compounded
annual growth rates for all segments have also been provided for 2019 to 2031. This
report is a compilation of first-hand information, qualitative and quantitative
assessment by industry analysts, inputs from industry experts and industry
participants across the value chain.
Key Segments:
LiDAR Market research report
includes an in-depth coverage of the industry with estimates & forecast
from 2023 to 2031, for the following segments:
LiDAR Market, By
Product-Type, 2023-2031 (USD Million)
·
Airborne
LiDAR
·
Terrestrial
LiDAR
LiDAR Market, By
Technology, 2023-2031 (USD Million)
·
1D
·
2D
·
3D
LiDAR Market, By
Component, 2023-2031 (USD Million)
·
Laser Scanner
·
Navigation
& Positioning Systems
·
Other
Component
LiDAR Market, By
Functional Areas, 2023-2031 (USD Million)
·
Engineering
·
Corridor
Mapping
·
Environment
·
ADAS &
Driverless Car
·
Urban
Planning
·
Cartography
·
Meteorology
Report
Highlights:
The prime objective of the LiDAR Market report is to
help the user understand the market in terms of its definition, segmentation,
market potential, influential trends, and the challenges that the market is
facing with different major regions and more than 30 major countries across the
globe. During the report's production, extensive research and analysis were
conducted. This research will assist readers in gaining a thorough
understanding of the market.
LiDAR Market, By
Region, 2023-2031 (USD Million)
·
North America (
United States, Canada, Mexico)
·
Europe
(Germany, UK, France, Italy, Russia, Spain, and Rest of Europe)
·
South Asia (
India, Pakistan and Bangladesh)
·
East Asia
(China, Japan and South Korea)
·
South East Asia
(Indonesia, Thailand, Singapore, Malaysia, Rest of SE Asia)
·
Middle East
(Turkey, Saudi Arabia, Iran, UAE, Israel, Iraq, Qatar, Rest of MEA)
·
Africa
(Nigeria, South Africa, Egypt, Algeria, Rest of Africa)
·
South America
(Brazil, Argentina, Colombia, Chile, and Rest of SA)
·
Oceania
(Australia and New Zealand)
Companies
Profiled:
To enhance their position in the global
market, key suppliers/manufacturers are concentrating on business expansion and
product innovation. Manufacturers/producers are also working on boosting their
manufacturing capacity and product quality to gain a competitive advantage. The
following are some of the prominent manufacturers in the worldwide LiDAR Market:
·
Quantum
Spatial (US)
·
EIEGL Laser
Measurement Systems GmbH (Austria)
·
Hexagon AB
(Sweden)
·
Faro Technologies
(US)
·
YellowScan
(France)
·
Tekedyne
Technologies Inc. (US)
·
Geokno India
Pvt. Ltd. (India)
·
Trimble Inc.
(US)
·
Beike Tianhui
Technology Co. Ltd. (China)
·
Beijing
SureStar Technology Co. Ltd. (China)
·
Sick AG
(Germany)
·
Leica
Geosystems (Sweden)
·
Velodyne LiDAR
Inc. (US)
LiDAR
Market Report Highlights:
·
Detailed
analysis of the parent market
·
Key players'
strategies and products supplied in the competitive landscape
·
Market
segmentation in depth analysis
·
Market size
in terms of volume and value, past, present, and future scenario
·
Potential and
specialty areas, as well as geographical regions with promising growth
prospects
·
Market
players use this information to maintain and expand their market presence, thus
it's important to have an unbiased perspective on market performance.
·
Recent
advancements and technological trends in the industry