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LiDAR Market Size, Share, Demand And Remarkable Growth Rate Till 2026 | Fortune Business Insights

February 12, 2020 | About:

The global LiDAR market was worth USD 1.32 billion in 2018 and will exhibit a CAGR of 22.7% during the forecast period, 2019-2026.

The global LiDAR market size is projected to reach USD 6.71 billion by 2026. Driven by increasing investments in the development of newer products, the market will rise considerably in the coming years. According to a report published by Fortune Business Insights, titled “ Light Detection and Ranging (LiDAR) Market Size, Share and Industry Analysis, By Type (Mechanical and Solid-state), By Deployment (Ground-based and Airborne), By Application (Mapping and Cartography, ADAS (Advanced driver-assistance System), Surveillance, Environment, Exploration and Detection and Others), By Industry (Automotive, Aerospace and Defense, Healthcare, IT and Telecom, Oil and Gas and Others) and Regional Forecast, 2019-2026,” the market was worth USD 1.32 billion in 2018 and will exhibit a CAGR of 22.7% during the forecast period, 2019-2026.

The global LiDAR marketwas worth USD 1.32 billion in 2018 and will exhibit a CAGR of 22.7% during the forecast period, 2019-2026.

Light detection and ranging or LiDAR is the process of creating a three-dimensional visual image. It is inclusive of a high intensity laser tool, micro-electro mechanical system (MEMS), and a GPS transceiver. Accounting to the functional abilities of each of these systems, the device can yield images of the highest calibre. As a result, it is widely used in diverse applications such as automotive, healthcare, and aerospace and defense. The increasing demand for LiDAR resulting from the widespread applications, will aid the growth of the overall LiDAR market in the forthcoming years.

To gain more insights into the market with a detailed table of content and figures, click here -

https://www.fortunebusinessinsights.com/light-detection-and-ranging-lidar-market-101969

The report provides an in-depth analysis of the global LiDAR market. It highlights the latest product launches and recent innovations in the market and states their impact on the growth of the market. The competitive landscape has been discussed in detail and predictions are made with respect to leading companies and products in the coming years. Forecast values have been provided for the market for the period of 2019-2026. The factual figures have been obtained through trusted sources. Moreover, these predictions are made on the basis of extensive research analysis methods, coupled with the opinions of experienced market research professionals.

Key Questions Answered:

• What are the key technological and trends shaping the market?
• What are the key opportunities in the market?
• What are the key companies operating in the market?
• Which company accounted for the highest market share?
• Why Choose Fortune Business Insights?
• What is the market size and growth rate of the global and regional market by various segments?
• What is the market size and growth rate of the market for selective countries?
• Which region or sub-segment is expected to drive the market in the forecast period?
• What Factors are estimated to drive and restrain the Market growth?

Key Industry Developments:

  • September 2017 - LedderTech, invested around USD 130 million for the expansion of its LiDAR development programs and accelerate its ASIC development efforts.

Some of the leading companies that are operating in the global LiDAR market are:

  • Beijing SureStar Technology Co.Ltd.
  • FARO Technologies, Inc.
  • HEXAGON
  • Leica Geosystems
  • RIEGL Laser Measurement Systems GmbH
  • SICK AG
  • Teledyne Technologies
  • Trimble Inc.
  • Velodyne Lidar, Inc.
  • YellowScan

Increasing Number of Product Innovations to Aid Growth

The report encompasses several factors that have contributed to the growth of the market in recent years. The increasing investment in research and development has yielded several new and innovative products. The increasing number of product innovations have had the highest impact on the growth of the market in recent years. In February 2018, FARO Technologies Inc. developed a new platform based on the LiDAR technology. The company introduced the FARO Zone 3-D platform, a system that assists investigators and security experts for enhancing the quality of construction sites. FARO’s latest technology will not only help the company to generate a high market revenue but will have a direct impact on the growth of the market. The report identifies a few of the leading products of recent years and gauges their impact on the global LiDAR market in the coming years.

Request a Sample Copy -

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/light-detection-and-ranging-lidar-market-101969

Market Segmentation

1. By Type

  • Mechanical
  • Solid-state

2. By Deployment

  • Ground-based
  • Airborne

3. By Application

  • Mapping and Cartography
  • ADAS (Advanced driver-assistance System)
  • Surveillance
  • Environment
  • Exploration and Detection
  • Others (Meteorology, etc.)

4. By Industry

  • Automotive
  • Aerospace and Defense
  • Healthcare
  • IT and Telecom
  • Oil and Gas
  • Other (Manufacturing, Mining, etc.)

5. By Region

  • North America (U.S. and Canada)
  • Europe (U.K., Germany, France, Italy, Spain, and Rest of Europe)
  • Asia Pacific (China, Japan, India, Southeast Asia, and Rest of Asia Pacific)
  • Middle East and Africa (GCC, South Africa, and Rest of Middle East and Africa)
  • Latin America (Brazil, Mexico, and Rest of Latin America)

Request for Customization -

https://www.fortunebusinessinsights.com/enquiry/customization/light-detection-and-ranging-lidar-market-101969

Detailed Table of Content -

5.Global LiDAR Market Analysis, Insights and Forecast, 2015-2026
5.1.Key Findings / Summary
5.2.Market Analysis, Insights, and Forecast By Type
5.2.1.Mechanical
5.2.2.Solid-state
5.3.Market Analysis, Insights, and Forecast By Deployment
5.3.1.Ground-based
5.3.2.Airborne
5.4.Market Analysis, Insights, and Forecast By Applications
5.4.1.Mapping and Cartography
5.4.2.ADAS (Advanced Driver-Assistance System)
5.4.3.Surveillance
5.4.4.Environment
5.4.5.Exploration and Detection
5.4.6.Others (Meteorology, etc.)
5.5.Market Analysis, Insights, and Forecast By Industry
5.5.1.Automotive
5.5.2.Aerospace and Defense
5.5.3.Healthcare
5.5.4.IT and Telecom
5.5.5.Oil and Gas
5.5.6.Other (Manufacturing, Mining, etc.)
5.6.Market Analysis, Insights, and Forecast By Region
5.6.1.North America
5.6.2.Europe
5.6.3.Asia Pacific
5.6.4.Middle East and Africa
5.6.5.Latin America
6.North America LiDAR Market Analysis, Insights and Forecast, 2015-2026
6.1.Key Findings / Summary
6.2.Market Analysis, Insights, and Forecast By Type
6.2.1.Mechanical
6.2.2.Solid-state
6.3.Market Analysis, Insights, and Forecast By Deployment
6.3.1.Ground-based
6.3.2.Airborne
6.4.Market Analysis, Insights, and Forecast By Applications
6.4.1.Mapping and Cartography
6.4.2.ADAS (Advanced Driver-Assistance System)
6.4.3.Surveillance
6.4.4.Environment
6.4.5.Exploration and Detection
6.4.6.Others (Meteorology, etc.)
6.5.Market Analysis, Insights, and Forecast By Industry
6.5.1.Automotive
6.5.2.Aerospace and Defense
6.5.3.Healthcare
6.5.4.IT and Telecom
6.5.5.Oil and Gas
6.5.6.Other (Manufacturing, Mining, etc.)
6.6.Market Analysis, Insights, and Forecast By Country
6.6.1.U.S.
6.6.2.Canada
7.Europe LiDAR Market Analysis, Insights and Forecast, 2015-2026
7.1.Key Findings / Summary
7.2.Market Analysis, Insights, and Forecast By Type
7.2.1.Mechanical
7.2.2.Solid-state
7.3.Market Analysis, Insights, and Forecast By Deployment
7.3.1.Ground-based
7.3.2.Airborne
7.4.Market Analysis, Insights, and Forecast By Applications
7.4.1.Mapping and Cartography
7.4.2.ADAS (Advanced Driver-Assistance System)
7.4.3.Surveillance
7.4.4.Environment
7.4.5.Exploration and Detection
7.4.6.Others (Meteorology, etc.)
7.5.Market Analysis, Insights, and Forecast By Industry
7.5.1.Automotive
7.5.2.Aerospace and Defense
7.5.3.Healthcare
7.5.4.IT and Telecom
7.5.5.Oil and Gas
7.5.6.Other (Manufacturing, Mining, etc.)
7.6.Market Analysis, Insights, and Forecast By Country
7.6.1.UK
7.6.2.Germany
7.6.3.Italy
7.6.4.France
7.6.5.Rest of Europe
8.Asia Pacific LiDAR Market Analysis, Insights and Forecast, 2015-2026
8.1.Key Findings / Summary
8.2.Market Analysis, Insights, and Forecast By Type
8.2.1.Mechanical
8.2.2.Solid-state
8.3.Market Analysis, Insights, and Forecast By Deployment
8.3.1.Ground-based
8.3.2.Airborne
8.4.Market Analysis, Insights, and Forecast By Applications
8.4.1.Mapping and Cartography
8.4.2.ADAS (Advanced Driver-Assistance System)
8.4.3.Surveillance
8.4.4.Environment
8.4.5.Exploration and Detection
8.4.6.Others (Meteorology, etc.)
8.5.Market Analysis, Insights, and Forecast By Industry
8.5.1.Automotive
8.5.2.Aerospace and Defense
8.5.3.Healthcare
8.5.4.IT and Telecom
8.5.5.Oil and Gas
8.5.6.Other (Manufacturing, Mining, etc.)
8.6.Market Analysis, Insights, and Forecast By Country
8.6.1.China
8.6.2.Japan
8.6.3.India
8.6.4.South East Asia
8.6.5.Rest of APAC

TOC Continued...!!!

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