LiDAR technology is proving to be highly beneficial to a wide range of applications. Over the last decade, the market has seen a tremendous adoption for this technology owing to its technological advancements, increasing awareness, and the accuracy of LiDAR data. Increasing urbanization, burgeoning population, and large scale infrastructure development are acting as catalysts for the growth of this market. In addition to that, encouragement from governments and research institutes is also contributing to the high-paced growth of LiDAR market.

LiDAR is an emerging technology and its market exhibits a huge potential in terms of applications such as corridor mapping, engineering, environment, advanced driver assistance systems (ADAS), exploration, urban planning, meteorology, and cartography among others. Development in infrastructure facilities like roadways, railways, electric utilities, rising number of premium cars equipped with ADAS, and continuous support by various governments is leading towards the heavy investment in the LiDAR market. The application of this technology in research and development of autonomous cars and its potential commercialization in the coming years could lead to new technological breakthroughs and bring down the costs of LiDAR sensors, which could further introduce new market segments.

In this report, drivers, restraints, opportunities, and challenges for the LiDAR have been covered. Major driving factors for this market are government initiatives and mandates, improved project efficiency with the use of this technology, and large-scale engineering and infrastructure projects. The major restraints for this market are costs involved in acquisition of equipment and conducting surveys and the lack of awareness about this technology. The figure below shows the estimated growth of the LiDAR market between 2014 and 2020.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Market Analysis, By Product

8 Market Analysis, By Component

9 Market Analysis, By Application

10 Geographic Analysis

11 Competitive Landscape

12 Company Profiles

- Faro Technology
- Geodigital International, Inc.
- Leica Geosystems AG
- Optech Incorporated
- Quantum Spatial (Aerometric)
- Riegl Laser Measurement Systems Gmbh
- Sick AG
- Topcon Positioning Systems, Inc.
- Trimble Navigation Limited
- Velodyne LiDAR, Inc.
- Zephir Ltd.

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Media Contact: Laura Wood , +353-1-481-1716, Email Contact

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SOURCE Research and Markets