Million Insights
Market Research Released A New Research Report On Global LiDAR Market -
Forecast Up To 2025. Report Provide Overview Of Top Key Players, Share
Analysis, Size, Stake, Progress, Trends And Their Strategic Profiling In The
Market, Comprehensively Analyzing Their Core Competencies, And Drawing A
Competitive Landscape For The Market.
Pune, India: Oct. 31,
2019 - LiDAR Market size is estimated to
reach USD 1.34 billion by 2024. LiDAR market covers key segments such as
terrestrial, airborne and mobile & UAV LiDAR systems. It is a surveying
method that measures the distance with help of laser light and sensors that
creates 3D representation of target. Airborne systems dominated in market share
and are predicted to grow in forecast period. The advantages such as high
accuracy and detailed information of Airborne system has increased their use
over photogrammetry. The systems delivers large area mapping in short time and
are efficient.
LiDAR is used in high-resolution maps the technology is also
used in navigation and control of autonomous cars. The vertical integration in
LiDAR market has various advantages and adds significant value to supply chain
operators. Light Detection and Ranging systems have made mapping of objects,
detection, and examination easier than photogrammetry technique. The Chinese
firm Nova Workvision Digital Technology Co. Ltd. Provides outsourcing service
along with mapping products such as Digital Terrain model (DTM), Digital
surface model (DSM), and Digital elevation model (DEM).
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Airborne systems uses laser light generate a 3D
representation of target landscape. LiDAR systems provide a precise data points
in short time for creating digital elevation models and are anticipated to
replace the present photogrammetry mapping technique due to their high ability
of 3D scanning of images in short time.
LiDAR market is segmented based on application that includes
Engineering environment, Advanced Driver Assistance (ADAS), corridor mapping
and others. Among these segments the corridor mapping is expected to dominate
with over 37.99% of industry share in 2015.
LiDAR is used for atmospheric research and meteorology and
the LiDAR instruments also have applications in aircraft, satellites with main
purpose of surveying and mapping. The mobile system collects 3D point cloud
data for creating map. Mobile and UAV systems will have great opportunities in
emerging Economies and will drive the market worldwide over forecast period.
On basis of components the LiDAR industry is fragmented into
GPS components, navigation device, laser scanner and other devices that are
used for capturing, processing and storing data such as camera equipment. Laser
scanner has great importance in LiDAR technology, owing to this fact the laser
segment is expected to grow at a significant rate.
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Report visit @ https://www.millioninsights.com/industry-reports/lidar-market
Market Segment:
LiDAR Product Type Outlook (Revenue, USD Million, 2014 - 2024)
• Airborne
• Terrestrial
• Mobile & UAV
LiDAR Application Type Outlook (Revenue, USD Million, 2014 - 2024)
• Corridor Mapping
• Engineering
• Environment
• Exploration
• Advanced Driver Assistance Systems (ADAS)
• Others
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