LiDAR Market Size 2021: Important Development, Industry Share and Growth Forecast to 2024

– However, due to the lack of awareness among end users and technological constraints, the growth of the lidar market is restrained.

Key Market Trends:

Ground – based LiDAR is Expected to Register a Significant Growth Rate

– The ground-based lidar systems are expected to hold a major share in the market during the forecast period, owing to the key factors, such as low cost and increasing applications in SUV. Ground lidar possesses an exceptional ability to produce 3D images of land at coastal and other areas and ground movements, such as landslides, and it can be analyzed and measured by satellite imagery.– Ground-based lidar is commonly used to scan outcrop consisting of near-vertical cliffs and rocky slopes along canyon walls and hillsides. The first step in the acquisition process is to set up the scanner, aim at the outcrop, and define a scanning window and a scanning resolution.– Furthermore, EERI (Earthquake Engineering Research Institute), who partnered with GEER (Geotechnical Extreme Events Reconnaissance), can utilize ground-based lidar to collect damage morphology data at speeds, accuracies, and range that was previously unimaginable in the earthquake. Therefore, earth observation may significantly stimulate the market growth.

North America is Expected to Hold a Major Share in the Market

– North America is dominating the lidar market, owing to the rising demand for 3D imaging technology in the US and Canada. Additionally, the increased adoption of lidar in government agencies is further expected to fuel the market growth. – The increasing investments of business giants in North America, such as General Motors, Google Inc., and Apple Inc., toward ADAS and driverless cars are providing new opportunities for small, versatile, and low-cost lidar systems.– In addition, major companies in the market, such as Trimble, Faro, and Velodyne are based in the United States, which is another major factor for the large share of the North American market.– Furthermore, the US defense industry has increased its military and defense spending, which has created opportunities for lidar to proliferate into the industry. Key players profiled include Quantum Spatial (Aerometric), Faro Technology, Geodigital, Trimble Navigation Limited, Leica Geosystems, etc.

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Scope of the Report:

LIDAR, which stands for light detection and ranging, is a remote sensing method that uses light in the form of a pulsed laser to measure ranges (variable distances) to the Earth. Advancements in laser scanning, GPS, and bandwidth have allowed for new lidar applications, such as mobile lidar known for mobile laser scanning (MLS), which is used for mapping, engineering, and self-driving applications.

Highlighted points of LiDAR Market Report:

• Varying dynamics of the LiDAR industry.
• Prospective changes in sales volumes and worldwide share growth in upcoming years
• LiDAR market report recognizes the key drivers of growth and challenges of the key industry players.
• Competitors profiles along with product description, overview, and business data.
• Complete analysis of market risks, opportunities, limitations, and growth of the market.
• Market driving and restraining factors.
• Delivers information on the historical and current market size and the future potential of the market.
• LiDAR market report provides comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of market.

Key Benefits of this LiDAR Market report:

• The LiDAR market report provides a comprehensive analysis of the current trends and future estimations in the world mining equipment market to identify the potential investment pockets.
• The LiDAR market report presents information regarding key drivers, restraints, and opportunities with a detailed impact analysis.
• Quantitative analysis of the current trends and forecasts to 2024 is provided to showcase the financial competency of the LiDAR market.
• Porter’s Five Force model of the industry and SWOT analysis illustrate the potency of the buyers & suppliers.
• Value chain analysis provides a clear understanding of the roles of stakeholders involved.

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Detailed TOC of LiDAR Market Report:

1 INTRODUCTION1.1 Study Deliverables1.2 Study Assumptions1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS4.1 Market Overview4.2 Introduction to Market Drivers and Restraints4.3 Market Drivers4.3.1 Fast Paced Developments Due to Increasing Application of Drones4.3.2 Adoption in Government Sector Applications4.3.3 Increased Adoption of Lidar in the Automotive Sector4.4 Market Restraints4.4.1 High Cost of LiDAR Systems and Integrated Components4.5 Value Chain Analysis4.6 Industry Attractiveness – Porter’s Five Forces Analysis4.6.1 Threat of New Entrants4.6.2 Bargaining Power of Buyers/Consumers4.6.3 Bargaining Power of Suppliers4.6.4 Threat of Substitute Products4.6.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION5.1 By Product5.1.1 Aerial LiDAR5.1.2 Ground-based LiDAR5.2 By Component5.2.1 Global Positioning System5.2.2 Laser Scanner5.2.3 Inertial Measurement Unit5.2.4 Other Components5.3 By End-user Industry5.3.1 Engineering5.3.2 Automotive5.3.3 Industrial5.3.4 Aerospace and Defense5.3.5 Other End-user Industries5.4 Geography5.4.1 North America5.4.2 Europe5.4.3 Asia-Pacific5.4.4 Latin America5.4.5 Middle East & Africa

6 COMPETITIVE LANDSCAPE6.1 Company Profiles6.1.1 Sick AG6.1.2 Teledyne Optech6.1.3 Velodyne LiDAR6.1.4 Quanergy Systems Inc.6.1.5 Quantum Spatial Inc.6.1.6 3D Laser Mapping Ltd6.1.7 Faro Technology Inc.6.1.8 Leica Geoystems AG6.1.9 RIEGL Laser Measurement Systems GmbH6.1.10 Topcon Positioning Systems Inc.6.1.11 Trimble Navigation Ltd6.1.12 Denso Corporation6.1.13 Innoviz Technologies Ltd6.1.14 Neptec Technologies Corp.6.1.15 Phantom Intelligence Inc.

7 INVESTMENT OUTLOOK

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

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