Global LiDAR Technology Market Research Report 2023(Status and Outlook)
Report Overview
Lidar is a surveying method that measures distance to a target by illuminating the target with pulsed laser light and measuring the reflected pulses with a sensor. Differences in laser return times and wavelengths can then be used to make digital 3-D representations of the target. The name lidar, now used as an acronym of light detection and ranging (sometimes light imaging, detection, and ranging), was originally a portmanteau of light and radar. Lidar sometimes is called laser scanning and 3-D scanning, with terrestrial, airborne, and mobile applications.
Increasing usage of drones across various applications, such as aerospace and defense, agriculture, and forestry, is a major factor driving the market growth. Moreover, rising investments in R&D of self-driven cars in the automotive sector are expected to positively impact the market. LiDAR or Light imaging, detection, and ranging system, has always been synonymous with automotive technology. The escalating demand for driverless cars is providing the automobile industry with ample opportunities to embed LiDAR in their systems. Massive investments from venture capitalists and the flurry of partnerships and acquisitions happening in the LiDAR domain hints on the size of this burgeoning market. Attributed to the rising demand for driverless cars, and the increasing application of LiDAR in engineering projects, the investments in LiDAR market is accelerating at an exponential pace. Increasing defense expenditure in Asia Pacific is expected to grow the market in region over the forecast period. North America is expected to lead the market, pursued by Europe in following years.
The Global LiDAR Technology Market Size was estimated at USD 1483.90 million in 2022 and is projected to reach USD 3491.03 million by 2029, exhibiting a CAGR of 13.00% during the forecast period.
Bosson Research’s latest report provides a deep insight into the global LiDAR Technology market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global LiDAR Technology Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the LiDAR Technology market in any manner.
Global LiDAR Technology Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Airborne Hydrography
Applied Imagery
Zephir LiDAR
Lesophere
Avent LiDAR Technology
Grind GIS
Valedyne
DEWI
Geonica
Kintech Engineering
Teledyne Optech
Leica Geosystems
Market Segmentation (by Type)
Aerial Lidar
Ground-based Lidar
Mobile Lidar
UAV Lidar
Market Segmentation (by Application)
Civil Aircraft
Military Aircraft
Geographic Segmentation
North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
South America (Brazil, Argentina, Columbia, Rest of South America)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
Industry drivers, restraints, and opportunities covered in the study
Neutral perspective on the market performance
Recent industry trends and developments
Competitive landscape & strategies of key players
Potential & niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the LiDAR Technology Market
Overview of the regional outlook of the LiDAR Technology Market:
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Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
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