Market Analysis: Global LiDAR Market
Global
LiDAR Market is
estimated to reach USD 9479 million by 2026, registering a healthy CAGR of
24.50% in the forecast period of 2019-2026. This rise in market value can be
attributed to the growing use of drones LIDAR application in engineering
projects, 3D Imaging technology, technological advancements
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Key Market Competitors: Global LiDAR Market
Few
of the major competitors currently working in the Lidar market are Sick AG,
Trimble Inc., Quantum Spatial, FARO Technologies, Inc., Beijing Beike Digital
Medical Technology Co.,Ltd., Geokno India Pvt. Ltd.,Leica Geosystems AG, RIEGL
Laser Measurement Systems GmbH , Velodyne Lidar, Inc., Geokno India Pvt. Ltd.,
Quanergy Systems, Inc., Innoviz Technologies Ltd., LeddarTech Inc,
AutonomouStuff, TriLumina, Tetravue, Inc., Skylum, Princeton Lightwave, Inc., Neptec
Technologies Corp., among others.
Key
Developments in the Market:
·
In April 2019, Velodyne Lidar, the leader in LiDAR solution
provider in USA, entered into an affirmative agreement with Nikon Corporation,
under which Sendai Nikon Corporation, a Nikon subsidiary, for a multifaceted
business alliance, wherein it would manufacture and mass produce lidar for the
autonomous and advanced safety global market With this, Velodyne would expand
its business line and enhance its lead in the global LiDAR market
·
August 2018 - Sick AG has developed a new and innovative series
of high-precision light detection and ranging sensors, i.e. LMS1000 and MRS1000
infrared LIDAR sensors. With this invention, the company has raised the bar in
high-precision and reliable distance sensing and ranging
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Competitive Analysis: Global LiDAR Market
Global LiDAR
market is highly fragmented and the major players have used various
strategies such as new product launches, expansions, agreements, joint
ventures, partnerships, acquisitions, and others to increase their footprints
in this market. The report includes market shares of LiDAR market for Global,
Europe, North America, Asia Pacific, South America and Middle East &
Africa.
Global LiDAR Market By
Component (Laser Scanners, Navigation & Positioning Systems, Photodetector
Receivers, Others); Product (Aerial, Ground-Based, UAV, Solid-State), Service
(LiDAR Data Processing, Aerial Surveying, Asset Management, GIS Service,
Ground-Based Surveying, Mapping & Modelling), Application (Corridor Mapping,
Engineering, Environment, ADAS & Driverless Cars, Exploration, Urban
Planning, Cartography, Meteorology), Installation (Air-borne, Ground based),
Range (Short, Medium, Large), Image Projection (2D, 3D), End User (Defense and
aerospace, Civil Engineering, Archaeology, Forestry and
Agriculture, Mining Industry, Transportation), Geography (North
America, South America, Europe, Asia-Pacific, Middle East and Africa) –
Industry Trends and Forecast to 2026
Market Definition: Global LiDAR Market
LiDAR-
light detection and ranging is as is a laser based method wherein light is used
in the form of a laser to measure the position or distances of object to the
earth. It consists of 3D scanning and laser scanning therefore it can be called
as 3D laser scanning. It consists of a laser, a scanner and a specialised GPS
receiver. LiDAR provides accurate information, even if there is any disruption.
They are now extensively being used by the automobile industry, in self driving
cars, as it provides clarity and vision at all times and in all directions.
Market
Drivers:
·
Many companies are increasingly focusing on technological
advancement of lidar devices in order to strengthen their product portfolios in
the Lidar market
·
Rising demand of 3D imaging technology across various application
areas, and the increasing adoption of aerial LiDAR systems to explore and
detect places, historic details, etc
·
The increased demand for 3d imagery in areas such as military
& defence, topographical surveys, civil engineering, and corridor mapping
would expand the growth of this market
·
The increased use of drones in areas such as defence, aerospace,
agriculture would boost the growth of this market
·
Rising demand for LiDAR in the automobile industry especially
used as self-driving cars
·
Technological advancements in lidar mapping, has increased their
applicability and scope
·
Growing initiative by the government to promote the growth of
the LiDAR market
Market
Restraints:
·
High cost of lidar may hinder the growth of the market
·
Low awareness about the benefits of LiDAR systems
Segmentation: Global LiDAR Market
By
Component
·
Laser Scanners
·
Navigation & Positioning Systems
o Global
Positioning Market (GPS)
o Inertial
Measurement Unit (IMU)
·
Photodetector Receivers
·
Camera
·
High-Precision Clock
·
Others
By Product Type
·
Aerial
·
Ground-Based
·
UAV
·
Solid-State
By Service
·
LiDAR Data Processing
o Data
Acquisition
o Point
Cloud Classification
o Visualization
·
Aerial Surveying
·
Asset Management
·
GIS Service
·
Ground-Based Surveying
·
Mapping & Modeling
By
Application
·
Corridor MappingRoadways
o Railways
o Others
·
Engineering
·
Environment
o Forest
Management
o Coastline
Management
o Pollution
Modeling
o Agriculture
o Wind
Farm
o Precision
Forestry
·
ADAS & Driverless Cars
·
Exploration
o Oil
& Gas
o Mining
·
Urban Planning
·
Cartography
·
Meteorology
·
Police LiDAR
·
Gaming
·
Robotics
By
Installation
·
Airborne
o Topographic
o Bathymetric
·
Ground-Based
o Mobile
o Static
By Range
·
Short
·
Medium
·
Large
By Image
Projection
·
2D
·
3D
By End User
·
Defense and Aerospace
·
Civil Engineering
·
Archaeology
·
Forestry And Agriculture
·
Mining Industry
·
Transportation
By
Geography
·
North America
o US
o Canada
o Mexico
·
South America
o Brazil
o Argentina
o Rest
of South America
·
Europe
o Germany
o France
o United
Kingdom
o Italy
o Spain
o Russia
o Turkey
o Belgium
o Netherlands
o Rest
of Europe
·
Asia-Pacific
o Japan
o China
o South
Korea
o India
o Australia
o Singapore
o Malaysia
o Indonesia
o Thailand
o Philippines
o Rest
of Asia-Pacific
·
Middle East and Africa
o South
Africa
o Egypt
o Saudi
Arabia
o United
Arab Emirates
o Israel
o Rest
of Middle East and Africa
Research Methodology: Global LiDAR Market
Data
collection and base year analysis is done using data collection modules with
large sample sizes. The market data is analysed and forecasted using market
statistical and coherent models. Also market share analysis and key trend
analysis are the major success factors in the market report. To know more
please Request an Analyst Call or
can drop down your inquiry.
The
key research methodology used by DBMR Research team is data
triangulation which involves data mining, analysis of the impact of data
variables on the market, and primary (industry expert) validation. Apart from
this, other data models include Vendor Positioning Grid, Market Time Line
Analysis, Market Overview and Guide, Company Positioning Grid, Company Market
Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor
Share Analysis. To know more about the research methodology, drop in an inquiry
to speak to our industry experts.
Key
Insights in the report:
·
Complete and distinct analysis of the market drivers and
restraints
·
Key Market players involved in this industry
·
Detailed analysis of the Market Segmentation
Competitive
analysis of the key players involved
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