Introduction of light detection and ranging (LiDAR) systems has enabled the examination, detection, and mapping of objects easier than conventional methods. These systems are used over conventional surveying methods because of their ability to provide highly accurate data and 3D images in a shorter time. Improved automated processing ability of LiDAR systems in terms of image resolution and data processing capabilities over other technologies are the major factors that drive the global market. Other factors that supplement the growth of the LiDAR market as a whole include rising demand of 3D imaging technology across various application areas and the increasing adoption of aerial LiDAR systems to explore and detect places and obtain historic details. On the other hand, low awareness about the benefits of LiDAR systems and the use of expensive components in these systems namely, laser scanner, navigation system, and high-resolution 3D cameras collectively increase the cost of LiDAR systems. These factors cause less adoption of LiDAR technology and restrict the growth of this market.
Players in the market adopt product launch and collaborations as their key strategies to meet the customer demands and increase their customer base. Partnerships are likely to help the players set a common technology platform and share the technological requirement. This would ultimately help the market players to enhance their product portfolio with less investment and increase their market share across various regions. The cost cutting in operations is expected to lead the manufacturers to invest into advertisement activities and increase the awareness about the LiDAR systems across diverse industry verticals and geographic regions. In October 2014, Phoenix Aerial Systems collaborated with Pulse Aerospace to launch a single-rotor unmanned aerial system for Ranger LiDAR systemThe Vapor 55. Eventually, the rise in the use of LiDAR systems across various industries is likely to supplement the growth of the world LiDAR market.
The world LiDAR market is segmented based on the type of LiDAR systems, components used, their application, end-user sectors, and geography. Static or terrestrial, aerial, mobile, and short range are the various types of LiDAR systems elaborated in the report. The components of LiDAR systems discussed are laser scanner, inertial navigation system, camera, GPS receiver, and micro-electro-mechanical system. The report also includes market segmentation by applications. By applications, the market has been segmented into corridor mapping, seismology, exploration and detection and others applications segments. The end-user segment consists of LiDAR systems that are used across various industry verticals namely, defense and aerospace, civil engineering, archaeology, forestry and agriculture, mining industry, and transportation. A study with respect to region is conducted to perform an in-depth analysis of LiDAR technology across various geographic locations. The regions examined are North America, Europe, Asia-Pacific, and LAMEA.
WORLD LIDAR MARKET SEGMENTATION
The market is segmented on the basis of type, application, component, end user and geography.
MARKET BY PRODUCT TYPE
MARKET BY APPLICATION
MARKET BY COMPONENT
MARKET BY END USER
MARKET BY GEOGRAPHY
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