KEY FINDINGS
The global market for LiDAR technology is anticipated to expand at a CAGR of 12.71% during the forecast period of 2017-2024. Automation in LiDAR systems and demand for stronger security and sensor accuracy are the dominant drivers of the global LiDAR technology market.
MARKET INSIGHTS
The LiDAR technology market is segmented on the basis of applications, products, components and services and geography. The LiDAR technology market by application is segmented into corridor mapping and engineering, exploration, seismology and disaster management, automotive vehicles and other applications. The product type is segmented into aerial LiDAR, ground-based LiDAR, and UAV LiDAR. The components are further segmented into lasers, micro-electro-mechanical systems, GPS/GNSS receiver, internal navigation and others. The services in LiDAR technology is further segmented into GIS services, ground based surveying, mapping, and modeling and asset management. The LiDAR technology market by geography is segmented into North America, Europe, Asia-pacific and rest of the world. increased use of drones in many applications, automation in LiDAR systems, high usage of LiDAR in engineering projects, demand for stronger security and sensor accuracy, government support for the adoption of LiDAR technology and LiDAR aided 3D technology transforming imaging are the primary drivers for the growth of the market.
REGIONAL INSIGHTS
This study report also presents product specification, manufacturing process, and product cost structure, and many more. Production is separated by regions, technology, and applications. The analysis also covers upstream raw materials, equipment, downstream client survey, marketing channels, industry development trend, and proposals. In the end, the report includes new project, SWOT analysis, investment feasibility analysis, investment return analysis, and development trend analysis. In conclusion, it is a comprehensive research report on Global LiDAR technology industry/market. This research is based on customers interest and learning about the global LiDAR technology markets scenario and strategies to apply to seek better growth opportunities in the market.