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Global LiDAR Market was worth USD 260 million in 2015. It is estimated to grow at a CAGR of 12% from 2016 to 2024 (forecast period). Rising demand for 3D imaging technology in a variety of applications is an important market driver. The adoption of aerial systems for detection and exploration of historic details is increasing. Vendors are in the process of introducing several novel products in this space. These factors are propelling market growth.


However Wojciech Szczesny AS Roma Jersey , LiDAR system鈥檚 components like laser scanner, navigation systems, high-resolution 3D cameras, etc. are expensive. This coupled with poor consumer awareness may hamper its future prospects.


The market is segmented as per applications, products Umar Sadiq AS Roma Jersey , components, and regions. Applications are divided into civil engineering, government, topographical surveys, corridor mapping Thomas Vermaelen AS Roma Jersey , and military & defense. Civil engineering, which includes areas like power line deployments and flooded mapping, would grow at a CAGR of 17% over the forecast period.


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Topological surveys, and military & defense are projected to grow at a steady rate till 2024. Government applications could increase owing to technological developments in forestry management, railways Stephan El Shaarawy AS Roma Jersey , roadways, etc.


Products comprise short range, airborne, mobile, and terrestrial. Terrestrial products held over 30% of the total revenues in 2015. Their advantages include remote acquisition and measurement Rick Karsdorp AS Roma Jersey , and high point density data. Mobile systems are foreseen to grow at a CAGR of over 24% in the next eight years. This attributes to surging demand for accurate, high-resolution 3D geospatial data.


Components include聽聽 laser scanners, GPS (Global Positioning System), data storage & management, navigationIMU (Inertial Measurement Unit) Radja Nainggolan AS Roma Jersey , and others. 鈥極thers鈥?consist of MEMS (Micro-Electro-Mechanical Systems) mirror and cameras. IMU is expected to grow at a 23% CAGR through the forecast period.


North America, Europe, Asia Pacific, Latin America, and MEA (the Middle East & Africa) constitute the regional segments of the LiDAR market. North America is poised to dominate by 2024. It could account for over 39% of the market revenues that year. This is credited to widespread adoption of advanced 3D imaging technologies by the U.S. government. Asia Pacific should grow owing to escalating spending on military & defense.


Key players in the global market include Aerometric Quantum Spatial Mohamed Salah AS Roma Jersey , Airborne Hydrography AB, Reigl Laser Measurement System GmBH, Michael Baker International, Lecia Geosystems AG. They focus on collaborations, acquisitions Maxime Gonalons AS Roma Jersey , and product launches to gain market share.


Browse Related Category Market Reports @ How To Get The Best Of All Rc Helicopters

Posted On : Nov-14-2011 | seen (135) times | Article Word Count : 498 |

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