Transparency
Market Research has published a new research report that studies and
assesses the structure, scope, dynamics, and components of the global
light detection and ranging (LiDAR) market. The 80-page research
study is titled “LiDAR
Market - Global Industry Analysis, Size, Share, Growth, Trends
and Forecast 2014 - 2020” and is available for sale on the company
website. According to the report, the global LiDAR market is
anticipated to expand at a 15.0% CAGR from 2014 to 2020, growing from
a value of US$225 mn in 2013 to US$605.5 mn in 2020.
The
global LiDAR market is primarily driven by the host of comparative
advantages over conventional mapping technologies, growing demand for
3D imagery in commercial, consumer, and government applications, and
the development of unmanned aerial vehicles. However, gaps in
software development and lack of standardization of data formats
threaten to impede the LiDAR market.The research report reviews the
LiDAR market by segmenting it based on three parameters: product
type, geography, and application.
On
the basis of product type, the LiDAR market is bifurcated into
terrestrial LiDAR and airborne LiDAR. Of these, airborne or aerial
LiDAR mapping dominated the overall market.On the basis of
application, the LiDAR market is segmented into forestry,
infrastructure, transmission lines, coastal, transportation, defense
and aerospace, flood mapping, and others such as hydrography and
mining. Coastal applications dominate the overall LiDAR market owing
to increased use of LiDAR in disaster management and control.
Transmission lines, on the other hand, make up the fastest growing
segment of the LiDAR market, thanks to the growing demand for power
utilities.
On
the basis of geography, the worldwide LiDAR market is divided into
North America, Asia Pacific, Europe, and Rest of the World. North
America held the largest share of the LiDAR market in 2013, driven by
high penetration in defense and military applications as well as
increased research and development spending to develop innovative
LiDAR technologies. Europe presently follows North America; however,
the former is anticipated to surpass the latter during the course of
the forecast period owing to presence of major players supporting the
growth of the market and catering to the rising demand for the
massive consumer base. The Rest of the World region and Asia Pacific
are also anticipated to witness considerable growth by 2020.
The
notable players within the global LiDAR market include DigitalWorld
Mapping Inc., FARO Technology, Inc., 3D Laser Mapping Ltd., Mosaic
3D, Airborne Hydrography AB, Leica Geosystems AG, Firmatek 3D Mapping
Solutions LLC, Aerometric Inc., Intermap Technologies Corp., Avent
Lidar Technology, Optech Incorporated, and RIEGL Laser Measurement
Systems GmbH. These companies have been reviewed in the report,
keeping in mind certain aspects such as business overview, business
strategy, recent developments, financial standing, and a SWOT
analysis.
Request
A Sample Of This Report:
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2345
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