LiDAR Market Trend Survey 2021 with Top Countries Data Industry Growth, Size, Share, Forecasts Analysis, Company Profiles, Competitive Landscape and Key Regions Analysis Research Report | With Covid 19 Analysis

(The Express Wire via Comtex)

Global “LiDAR Market” Report 2021 contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers,rate of growth, and key regions. The LiDAR market growthis predictedto register a CAGR of Growing rate% during the forecast period. LiDAR Market reports offeran in-depthassessment of the LiDAR including enabling technologies, current market scenario, market assumptions, restraining factors.

"Final Report will add the analysis of the impact of COVID-19 on the LiDAR industry."

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The report considers the revenue generated from the sales of this report and technologies by various application segmentslike anextensive assessment of key drivers, drivingbusinessplayers, key portions, and areas.Aside fromthis, the specialists have profoundly considered distinctive geological territories and introduceda significantsituationto assistnew participants, drivingbusinessplayers, and speculatorsto make a decisiondeveloping economies.

LiDAR Market Report covers the Top Key-players 2021:-

● Sick AG
● Optech Inc.
● Velodyne LiDAR
● Quanergy Systems Inc.
● Quantum Spatial
● Inc.
● 3D Laser Mapping Ltd
● Faro Technology
● Inc.
● GeoDigital International Corp
● Leica Geoystems AG
● Riegl Laser Measurement Systems GmbH
● Topcon Positioning Systems Inc.
● Trimble Navigation Ltd.
● Denso Corporation
● Novariant
● Inc.
● Robert Bosch GmbH
● Phantom Intelligence
● Inc.

The global LiDAR market covers the vision of competitor analysis by product types, market share, applications, sales, and revenue.

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In 2017, the global LiDAR market was valued at USD 1.69 billion and is projected to reach a value of USD 3.455 billion by 2023, recording a CAGR of 12.66% during 2018-2023 (the forecast period). The scope of this report is limited to solutions that are offered by the major players, including providers of laser scanners, GPS, and IMUs. Also, regions considered in the scope of the report include North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa.

Increasing usage of drones across various applications, such as aerospace and defense, agriculture, and forestry, is a major factor driving the market growth. Moreover, rising investments in RandD of self-driven cars in the automotive sector are expected to positively impact the market. Research indicates that the revenue from the autonomous cars is anticipated to go beyond EUR 10 billion by 2020. LiDAR systems are expected to benefit from this growth, along with other intelligent devices as they are expected to assist in averting accidents. The growth of 3D printing market and the demand for 3D printed images are likely to offer potential opportunities for the LiDAR market. However, average LiDAR systems employed in autonomous cars cost around USD 60,000 to USD 80,000. Thus, relatively high cost of equipment for surveying applications, along with the lack of awareness about LiDAR technology, is challenging the market growth.

Rising Adoption In Government Sector Applications

Governments in different countries are using LiDAR technology for mapping, surveillance, monitoring, and topographical surveys predominantly in mining and oil and gas sectors. Enhanced features and low cost associated with these systems, when compared to conventional alternatives, are making it easily accessible for the government sector. Over the last 17 years, the UK Environmental Agency has been collecting LiDAR data and making it available to archeologists to visualize ancient landscapes. In 2016, in India, the state government of Telangana proposed the use LiDAR in preparation of high-resolution maps for use in various engineering tasks and projects across the state. LiDAR drones can help in creating rescue models, in order to analyze realistic situations and avert it in the situation of natural calamities. Recently, the Netherlands had a similar open-data scan of the country, which was presented in the form of a 3D web visualization. The project is led by TU Delft in collaboration with Netherlands eScience Center.

Increasing Rate Of Adoption Of LiDAR In The Automotive Sector To Drive The Market Growth

Across the globe, the automobile industry is flourishing. It is expected that the total number of vehicles in the world could double, to reach around 2.5 billion by 2050. LiDAR in automobiles are used in to perform functions like mapping, improved and advanced driver-assistance (ADAS), and enable fully self-driving vehicles. The LiDAR systems enable the avoidance of collisions, and thus, support the production and use of ADAS. When compared to traditional sensors, LiDAR functions better in the accurate profiling of static or dynamic objects that are impending over long distances. Also, it is less likely to provide missed or false alerts, making it much safer. With the self-driving cars close to becoming a reality, major giants, like Google, Tesla, and BMW, have started releasing their prototype models. LiDAR would turn cars into machines that are keenly aware of their surroundings, where they can generate accurate 3D snapshots of every object surrounding them. Thus, LiDAR technology quickly being seen as the solution to assisted driving automobiles.

Owing To the Opportunities Offered By Defense and Agriculture Sectors, North America Is Expected To Retain Its Lead

Owing to the increasing investments of business giants in North America, such as General Motors, Google Inc., and Apple Inc., towards ADAS and driverless cars, new opportunities are being offered to small, versatile, and low-cost LiDAR systems. In addition, major companies in the market, such as Trimble, Faro, and Velodyne are based in the United States, which is another major factor, contributing to the large share of North American market. Further, the US defense industry has increased its military and defense spendings, which has created opportunities for LiDARs to proliferate into the industry. The country spends approximately USD 596 billion on defense, which is greater than the combined spending of seven major countries.

The Key Market Players Include:
• Sick AG
• Optech Inc.
• Faro Technology
• Leica Geosystems AG
• Trimble Navigation Limited
• Velodyne LiDAR
Other players in the market include Quantum Spatial, 3D Laser Mapping, Geodigital, Topcon Positioning Systems Inc., Denso, and Riegl Laser Measurement Systems GmbH.

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Important Questions Answered in the Report:

● Which Manufacturing Technologyis employedfor LiDAR? What Developments ArehappeningthereinTechnology? Which Trends Are Causing These Developments?
● What will be the CAGR% during the forecast year?
● Who Arethe worldwideKey Playersduring thisLiDAR Market? What’s Their Company Profile, Their Product Information, Contact Information?
● What Was the Global Market Status of LiDAR Market? What Was Capacity, Production Value, Cost, and PROFIT of LiDAR Market?
● What Is the Current Market Status of the LiDAR Industry? What’s Market Competitionduring thisIndustry, Both Company, and Country Wise? What’smarketing researchof LiDAR Market by Taking Applicationsand kindsin Consideration?
● What Are Projectionsof worldwideLiDAR Industry Considering Capacity, Production and Production Value?what is going toBe the Estimation of Cost and Profit?what is going toBe Market Share, Supply and Consumption? What About Import and Export?
● What Is LiDAR Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
● What Is Economic Impact On LiDAR Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
● What Are Market Dynamics of LiDAR Market? What Are Challenges and Opportunities?
● What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for LiDAR Industry?

Highlighted points of LiDAR Market Report:

● Covers the varying market dynamics of the industry.
● In-depth analysis of market risks, opportunities, limitations, and growth of the market.
● Includes market driving and restraining factors.
● Participants profiles along with product description, overview, and business data.
● Include details of five years of forecast analysis by types, regions, and applications.

Get sample PDF of LiDAR market 2021:

Key Developments in the LiDAR Market:

Reasons to Purchase This Report

● To know what is the Impact of opportunities that are offered by the aerial imaging and increased surveillance needs
● To analyze various market perspectives, with the help of Porter’s five forces analysis.
● Growth of the various hardware products, such as sensors, laser scanners, navigation systems
● To understand the regional analysis of the market.
● To identify the latest developments, market shares, and strategies that are employed by the major market players.
● Three months analyst support, along with the Market Estimate sheet (in excel).

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Finally, the report Global LiDAR Market 2021 describes the LiDAR industry expansion game plan, the LiDAR industry knowledge supply, appendix, analysis findings, and the conclusion.

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