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LiDAR Market Research Report - Global Industry Analysis, Size, Growth and F... PowerPoint PPT Presentation


The global LiDAR market was valued at approximately USD 260 million and it is projected to grow at an approximate CAGR of over 12% over the forecast period of 2016 to 2024. The rising demand is due to the adoption of an aerial system for detecting and exploring and increasing the number of new innovative products.

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LiDAR Market Research Report - Global Industry Analysis, Siz...

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Lidar market research report global industry analysis size growth and forecast to 2024 hexa research

Hexa Research

Fact-based market research, penetrating industry insights and validated

forecasts to help you make better decisions for a stronger future

LiDAR Market Size, Share, Growth, Industry Analysis, Trends and

Forecast Report Up to 2024 - Hexa Research

Global LiDAR market was worth USD 260 million in 2015. It is estimated to grow at a

CAGR of 12% from 2016 to 2024 (forecast period). Rising demand for 3D imaging

technology in a variety of applications is an important market driver. The adoption of

aerial systems for detection and exploration of historic details is increasing. Vendors are

in the process of introducing several novel products in this space. These factors are

propelling market growth.

However, LiDAR system’s components like laser scanner, navigation systems, high-

resolution 3D cameras, etc. are expensive. This coupled with poor consumer awareness

may hamper its future prospects.

Browse Detail [email protected]://www.hexaresearch.com/research-report/lidar-market

Contact: +1-800-489-3075

Email : [email protected]

Website: http://www.hexaresearch.com/


Lidar market research report global industry analysis size growth and forecast to 2024 hexa research

Hexa Research

Fact-based market research, penetrating industry insights and validated

forecasts to help you make better decisions for a stronger future

The market is segmented as per applications, products, components, and regions.

Applications are divided into civil engineering, government, topographical surveys,

corridor mapping, and military & defense. Civil engineering, which includes areas like

power line deployments and flooded mapping, would grow at a CAGR of 17% over the

forecast period.

Topological surveys, and military & defense are projected to grow at a steady rate till

2024. Government applications could increase owing to technological developments in

forestry management, railways, roadways, etc.

Products comprise short range, airborne, mobile, and terrestrial. Terrestrial products held

over 30% of the total revenues in 2015. Their advantages include remote acquisition and

measurement, and high point density data. Mobile systems are foreseen to grow at a

CAGR of over 24% in the next eight years. This attributes to surging demand for

accurate, high-resolution 3D geospatial data.

Components include laser scanners, GPS (Global Positioning System), data storage &

management, navigation/IMU (Inertial Measurement Unit), and others. ‘Others’ consist of

MEMS (Micro-Electro-Mechanical Systems) mirror and cameras. IMU is expected to grow

at a 23% CAGR through the forecast period.

North America, Europe, Asia Pacific, Latin America, and MEA (the Middle East & Africa)

constitute the regional segments of the LiDAR market. North America is poised to

dominate by 2024. It could account for over 39% of the market revenues that year. This

is credited to widespread adoption of advanced 3D imaging technologies by the U.S.

government. Asia Pacific should grow owing to escalating spending on military &

defense.

Key players in the global market include Aerometric Quantum Spatial, Airborne

Hydrography AB, Reigl Laser Measurement System GmBH, Michael Baker International,

Contact: +1-800-489-3075

Email : [email protected]

Website: http://www.hexaresearch.com/


Lidar market research report global industry analysis size growth and forecast to 2024 hexa research

Hexa Research

Fact-based market research, penetrating industry insights and validated

forecasts to help you make better decisions for a stronger future

Lecia Geosystems AG. They focus on collaborations, acquisitions, and product launches

to gain market share.

Browse Related Category Market Reports @

https://www.hexaresearch.com/research-category/communications-infrastructure-

industry

About Us:

Hexa Research is a market research and consulting organization, offering industry reports,

custom research and consulting services to a host of key industries across the globe. We

offer comprehensive business intelligence in the form of industry reports which help our

clients obtain clarity about their business environment and enable them to undertake

strategic growth initiatives.

Contact Us:

Ryan Shaw

Hexa Research

Felton Office Plaza

6265 Highway 9

Felton, California 95018

United States

Phone: +1-800-489-3075

Email: [email protected]

Website - http://www.hexaresearch.com/

Follow us on Linkedin: https://www.linkedin.com/company/hexa-research

Contact: +1-800-489-3075

Email : [email protected]

Website: http://www.hexaresearch.com/


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