LiDAR Market : Demand, Technology and Growth Prospects for Global Level 2017-2025

Global LiDAR Market: Overview

LiDAR, acronym for Light Detection and Ranging, is a remote sensing technology that emits light towards a target object to unearth information about it and gauge the range of a distant target from the light that is being reflected back. It can be compared to RADAR and SONAR in many ways. However, unlike a RADAR and SONAR, LiDAR uses light waves of shorter wavelengths. The wavelengths of the electronic spectrum for LiDAR technology are mostly within the visible, ultraviolet, and infrared range.

The LiDAR technology helps in measuring of 3D structures directly and assessing the underlying terrain with high resolution and data accuracy. The two main types of LiDAR are Airborne LiDAR, consisting of topographic and bathymetric LiDAR, and Terrestrial LiDAR, consisting of mobile LiDAR and short range LiDAR.

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Global LiDAR Market: Key Trends

The soaring demand for 3D imagery in different end use segments such as construction, transportation, power transmission, and defense and aerospace is the primary driving factor in the global LiDAR market. Additionally, LiDAR technology saves both cost and time which has resulted in their higher uptake compared to conventional methods of mapping. LiDAR technology has already superseded photogrammetry as it steals a march over the latter in terms of light independency and high accuracy.

Countering the growth in the global LiDAR market is the complexity in data interpretation because of dearth of standardization.

Global LiDAR Market: Market Potential

LiDARs find application in autonomous driving, which is yet to become mainstream. Once it so happens, their market will receive a substantial boost. LiDAR/INS integrated navigation systems can bring about continuous and accurate navigation solutions in GNSS-challenged environments, on different platforms that include mobile robot navigation, unmanned ground vehicles, and autonomous driving. Another factor working to their favor are their increasing availability and decreasing prices.

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Depending upon the type of product, the global LiDAR market is segmented into terrestrial LiDAR and airborne LiDAR. Among them, airborne or aerial LiDAR mapping leads the market. Based on application again, the LiDAR market is divided into transmission lines, forestry, infrastructure, coastal, transportation, defense and aerospace, flood mapping, and others such as hydrography and mining. Different coastal applications contribute maximum to the LiDAR market because of the growing utilization of LiDAR in disaster management and control. In terms of growth, however, transmission lines will overtake all other segments in the LiDAR market because of robust demand for power utilities.

Global LiDAR Market: Regional Outlook

Geography-wise, the global market for LiDAR is segmented into Asia Pacific, North America, Europe, and the Rest of the World. Among them, North America is a market leader because of high penetration of LiDAR in defense and military applications and substantial spending on research and development to improvise on existing LiDAR technologies. Europe trails North America in terms of market share and going forward is predicted to overtake North America due to the presence of prominent players bolstering the market and catering to the rising demand for the massive consumer base. The Rest of the World and Asia Pacific will also witness stellar growth.

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Global LiDAR Market: Competitive Analysis

Some of the main strategies adopted by companies in the global LiDAR market is new product development and enhancements leveraging cutting-edge technologies. To assess the competition in the global market for LiDAR, the report profiles companies such as Airborne Hydrography AB, 3D Laser Mapping Ltd., Aerometric Inc., DigitalWorld Mapping Inc., Intermap Technologies Corp., FARO Technology, Inc., RIEGL Laser Measurement Systems GmbH, Leica Geosystems AG, Mosaic 3D, Avent Lidar Technology, Firmatek 3D Mapping Solutions LLC, and Optech Incorporated.

The study presents reliable qualitative and quantitative insights into:

  • Market segments and sub-segments

  • Market trends and dynamics

  • Supply and demand chain of the market

  • Market valuation (revenue and/or volume)

  • Key trends/opportunities/challenges

  • Forces defining present and estimated future state of the competitive landscape

  • Technological developments

  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America

  • Latin America

  • Europe

  • Asia Pacific

  • Middle East and Africa

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

The study presents reliable qualitative and quantitative insights into:

  • Market segments and sub-segments

  • Market trends and dynamics

  • Supply and demand chain of the market

  • Market valuation (revenue and/or volume)

  • Key trends/opportunities/challenges

  • Forces defining present and estimated future state of the competitive landscape

  • Technological developments

  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America

  • Latin America

  • Europe

  • Asia Pacific

  • Middle East and Africa

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

Highlights of the report:

  • A detailed analysis of key segments of the market

  • Recent developments in the market’s competitive landscape

  • Detailed analysis of market segments up to second or third level of segmentation

  • Historical, current, and projected future valuation of the market in terms of revenue and/or volume

  • Key business strategies adopted by influential market vendors

  • Outline of the regulatory framework surrounding and governing numerous aspects of the market

  • Growth opportunities in emerging and established markets

  • Recommendations to market players to stay ahead of the competition

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