+91-8668442535

LiDAR Market By Product Type (Airborne LiDAR Systems and Terrestrial LiDAR Systems), By End-use Application (Defense & Aerospace, Engineering, Corridor Mapping, Environmental (Coastal, Forestry, Flood Mapping), Transmission Lines, and Other End-use Applications)) - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 - 2023

The growing interest in 3-dimensional imagery for navigation, positioning, and monitoring applications across diverse end-use verticals such as defense and aerospace, construction, disaster management, resource extraction, and power is driving the global LiDAR market. The growing demand for diverse end-use verticals has been further aggravated by technological advancements in aerial platforms and imaging technology. In addition, the introduction of unmanned aerial vehicle (UAV) systems is expected to have a positive impact on overall market demand. These factors are expected to contribute to a compounded annual growth rate (CAGR) of 13.5% during the forecast period of 2016–2023.

Report Scope

This report analyses the global LiDAR market in terms of product type, components, end-use application, and geography. On the basis of product type, the market is segmented into airborne and terrestrial LiDAR systems. Based on components, the global market for LiDAR systems is classified into laser scanners, navigation and position, and other components. Similarly, on the basis of end-user, the global LiDAR market is segmented into defense & aerospace, engineering (urban mapping and planning), corridor mapping, environmental (coastal, forestry, flood mapping), transmission lines, and others (mining, etc.). The geographical distribution of the global LiDAR market considered in this study encompasses regional markets such as North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.

1.1 Report Description

Purpose of the Report

The purpose of this strategic research study titled "Global LiDAR Market: Growth, Share, Opportunities, and Competitive Analysis, 2016–2023" is to offer industry investors, company executives, and industry participants in-depth insights to enable them to make informed strategic decisions related to the opportunities in the global LiDAR market.

Target Audience

  • Industry Investors
  • LiDAR System Manufacturers
  • Unmanned Aerial Vehicle (UAV) Manufacturers
  • component suppliers and integrators
  • End-users

Overall, the research study provides a holistic view of the global LiDAR market, offering market size and estimates for the period from 2014 to 2023, keeping in mind the above-mentioned factors.

Based on product type, the global Light Detection and Ranging (LiDAR) system market is categorized into two major segments:

  • Airborne LiDAR Systems
  • Terrestrial LiDAR Systems

As of 2015, airborne or aerial systems dominated the global light detection and ranging (LiDAR) market. These systems accounted for over 50% of the global LiDAR market revenue in 2015 and are expected to exhibit steady growth during the forecast period of 2016–2023. The dominance and anticipated growth of these systems can be credited to the benefits offered, such as accuracy, the ability to cover large areas quickly, and the ability to offer in-depth local elevation information. On the other hand, terrestrial LiDAR systems are presumed to witness maximum growth, outpacing their equivalent during the forecast period of 2016–2023. This can be attributed to the growing demand for UAV LiDAR systems in multiple application segments such as precision farming, entertainment, and media.

On the basis of end-use application, the global light detection and ranging (LiDAR) system market is categorized into the following segments:

  • Defense and Aerospace
  • Engineering (urban mapping and planning)
  • Corridor Mapping
  • Environmental
  • Coastal
  • Forestry
  • Flood Mapping
  • Transmission Lines
  • Others (mining, etc.)

As of 2015, corridor mapping was the largest revenue-contributing end-use segment in the global LiDAR market. Infrastructural development, coupled with mandates promoting the use of the technology during the construction of highways, railways, and roadways, has been instrumental in driving the demand for LiDAR technology in corridor mapping applications. For instance, in India, a mandate necessitates the use of LiDAR systems for all highway projects. In addition, LiDAR systems are increasingly being used for disaster control and management applications, especially in coastal areas, and for setting up power transmission lines.

On the basis of geography, the global market for light detection and ranging (LiDAR) systems is segmented into the following regions and countries:

  • North America
  • U.S.
  • Canada
  • Europe
  • U.K.
  • France
  • Germany
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • Indian Subcontinent
  • Rest of Asia Pacific
  • Rest of the World
  • Latin America
  • Middle East and Africa

As of 2015, North America led the overall LiDAR market, followed by Europe and Asia Pacific respectively. The region accounted for around 38% of the global LiDAR market revenue and is anticipated to witness robust growth during the forecast period of 2016–2023. The U.S. represents the largest individual LiDAR market worldwide. The ongoing research and expenditure to develop advanced LiDAR systems have been instrumental in pushing the uptake of LiDAR systems in the country, especially among defense and government agencies. Developed regions, including North America and Europe, are expected to witness comparatively better growth in the first half of the forecast period. On the other hand, Asia Pacific is anticipated to register maximum growth over the forecast period of 2016–2023. The anticipated growth is expected to be largely driven by demand from countries including India and China.

Frequently Asked Questions:

The market for LiDAR Market is expected to reach US$ XX Mn by 2023.

The LiDAR Market is expected to see significant CAGR growth over the coming years, at 13.5%.

The report is forecasted from 2016-2023.

The base year of this report is 2015.

Quantum Spatial (Aerometric, Inc.) Leica Geosystems AG, Riegl Laser Measurement Systems GmbH, Faro Technology, Optech Inc., Trimble Navigation Limited are some of the major players in the global market.

Choose License Type
Trusted By
Godaddy
Published Date:  Oct 2016
Category:  Technology & Media
Report ID:   58133
Report Format:   PDF
Pages:   120
Rating:    4.5 (70)
Delivery Time: 24 Hours to 48 Hours   
Connect With Us
+91-8668442535
24/7 Research Support