LIDAR is an acronym for Light Detection and Ranging, a remote sensing technology that measures the distance of the target with a laser. It’s a narrow laser beam, which maps physical features with high resolution. It is been used in various application such as geomatics, geology, seismology, archaeology, forestry, remote sensing, etc. This technology was only been used by government and military services initially. Currently, LIDAR technology is being used in commercial sectors due to various technological advancements and cost effective solutions, which makes the current LIDAR market very attractive.
The recent advancements and cost effectiveness are some factors that are driving the technology. As this technology is being commercially used these days, it has numerous opportunities in the coming years. This market is very lucrative as there are many technological developments that have reduced the size of the LIDAR and provide very affordable and accurate solutions.
LIDAR market analysis by Component
LIDAR system comprises of 3 major components, namely global positioning system (GPS), inertial navigation unit and laser sensor. Micro electro mechanical system and camera are two additional components that are used in LIDAR system. Global positioning system is most commonly used these days. GPS is used in various mobile devices, vehicles, etc. As per the components used in the LIDAR system, it is been used in various applications accordingly.
LIDAR market analysis by Product type
Airborne, terrestrial and mobile are three different product types of LIDAR system. Airborne imaging technology is fixed and mounted on the wings of helicopters. It is also used in high density applications. Airborne technology is most commonly used for detection of the target, whereas mobile technology is used in project planning and data collection.
LIDAR market analysis by Application
LIDAR systems are used in variety of applications such as archaeology, geology, seismology, geomatics, forestry, remote sensing, corridor mapping, mining, surveying, volumetric and contour mapping. The vertical structure of forest canopies is measured by LIDAR system. Due to this unique trait, it is popular in forestry management and planning.
LIDAR market analysis by Geography
The global market is studied base on different geographies i.e. North America, Europe, Asia-Pacific and LAMEA. Airborne imaging technology of LIDAR is very popular in North America.
Product launch is the key developmental strategy adopted by various players in the global market. Recently LIDAR development was to launch a product monitor stratosphere. The key competitors in the market are Leica Geosystems, RIEGL Laser Measurement Systems GmbH, Renishaw Plc, Airborne imaging, Inc., Trimble Navigation Limited and Optech Incorporated (Canada).
High Level Analysis
The market exploration provides a fair idea of the global market with its key benefits, concern areas and global opportunities. SWOT and Porter’s five force models help in analyzing companies and develop new strategies to increase market share. The potency of buyer, supplier, new entrants and substitutes are analyzed using the Porters five forces model. The bargaining power of buyer and supplier is analyzed based on the competitors in the market. Threat of new entrants and inter-segment rivalry is analyzed based on the current market conditions. Market dynamics are analyzed based on the strategic moves of the competitors, which would in turn help the stakeholders in the global market. The value chain analyzes the key intermediaries involved in the operation of this market.
The global market is segmented based on the product types, components used, applications and geography.
MARKET BY COMPONENTS
MARKET BY PRODUCT TYPE
MARKET BY APPLICATIONS
MARKET BY GEOGRAPHY
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