The global LiDAR market is expected to reach
USD 1.34 billion by 2024, according to a new report by Grand View Research,
Inc. The surging acceptance in environmental mapping and automobile safety
application arenas is expected to boost the market growth. The increasing
acceptance in the construction and architectural segment for monitoring &
3D-modeling applications is further anticipated to bolster the market growth.
 |
| North America Lidar Market Revenue By Product Type, 2014 - 2024 (USD Million) |
The market can be categorized on the basis of
application types into corridor mapping, engineering, environment, exploration,
Advanced Driver Assistance Systems (ADAS) & others. The ADAS application
segment is expected to grow at a remarkable pace owing to the surging
incorporation in automotive safety and forward-collision avoidance systems; for
instance, in Automatic Emergency Braking (AEB) systems to reduce the number of
car crashes.
In July 2016, Velodyne LiDAR (U.S.) announced
a partnership agreement with Dibotics (France), a Paris-based pioneer in the
infrastructure-less and GPS-denied navigation. Dibotics would be providing
consulting services to Velodyne customers in the 3D SLAM software segment,
where the company would make contributions to the Dibotics platform in
augmenting its technology deployed with Velodyne’s 3D LiDAR sensors.
In depth research
report on LiDAR Market
Further key
findings from the report suggest:
·
The global LiDAR market is estimated to grow significantly over the
forecast period due to automation in numerous industries, leading to reduced
human efforts and increased efficiency. The technological superiority of LiDAR
and several engineering projects of the large magnitude are estimated to
trigger the demand by 2024.
·
Airborne systems are expected to remain the dominant product segment over
the forecast period. The segment is anticipated to gain prominence over the
forecast period on account of the surging adoption of aerial mapping devices.
Mobile terrestrial scanning is a frequently preferred survey method in
monitoring, conservative topography, and geospatial mapping. UAV systems, also
popularly known as drone mappers, are a contemporary mapping technique that
incorporates LiDAR devices mounted on a drone to conduct scanning &
associated mapping operations.
·
North America is expected to emerge as one of the leading regional
markets owing to the rising R&D spending coupled with high adoption in the
automotive sector and environmental scanning & modeling operations. Asia
Pacific is expected to witness a substantial growth over the forecast period.
The surge in the demand across the product segments is expected to spur the
market demand.
·
The key industry participants include Velodyne LiDAR, Inc., Leica
Geosystems Holdings AG, Faro Technologies Inc., Trimble Navigation Limited, and
RIEGL USA Inc. The current market environment is witnessing an intense
competition between the key players for achieving the market domination via
product differentiation and enhancement of quality.
Grand View Research has segmented the global
LiDAR market on the basis of product type, application type, component type,
and regions:
LiDAR Product Type
Outlook (Revenue, USD Million, 2014 - 2024)
·
Airborne
·
Terrestrial
·
Mobile & UAV
LiDAR Application
Type Outlook (Revenue, USD Million, 2014 - 2024)
·
Corridor Mapping
·
Engineering
·
Environment
·
Exploration
·
Advanced Driver Assistance Systems(ADAS)
·
Others
LiDAR Component
Type Outlook (Revenue, USD Million, 2014 - 2024)
·
Laser Scanner
·
GPS
·
Navigation
·
Others
LiDAR Regional
Outlook (Revenue, USD Million, 2014 - 2024)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
China
o
India
o
Japan
·
Latin America
o
Brazil
o
Mexico
·
Middle East & Africa
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About Grand View
Research
Grand View Research, Inc. is a U.S. based
market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, the company offers market intelligence
studies ensuring relevant and fact-based research across a range of industries
including technology, chemicals, materials, healthcare and energy.
For more market
analysis reports, please visit: http://www.grandviewresearch.com/
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