Jan 28, 2019 (Heraldkeeper through COMTEX) -- The global LIDAR Sector is anticipated to reach USD one. of 2022 with 21 % CAGR during forecast period of time 2018-2022.Global LIDAR Sector, By Type (Terrestrial, Airborne), By Component (Laser, Navigation, Digital camera, GpS Receiver), By Software (Seismology, Corridor mapping, Exploration), By End-users (Oil & Gas, Transportation, Mining, Tourism) by Forecast 2022
As per Industry Research Future (MRFR)'s analysis, the global LiDAR marketplace is expected to mark a CAGR of 14.14% throughout the forecast interval 2018 to 2023. The report also highlights that the valuation of the global industry is estimated to grow from USD 1,894.4 Mn in 2017 to USD 4,158.8 Mn with the conclude of 2023. LiDAR Market place technology has witnessed rapid developments from 1D to 2D and now the latest 3D technology. These innovations have led to an exponential expansion of its industry presence, thus, augmenting the LiDAR market CHENG Bonnie Hayden.
Deployment of LiDAR technology for industrial processes facilitates efficiency and informed decision making, thus, enhancing productivity. Construction and automobile industries are the most potential industries for the implementation of LiDAR. The growth of these industries is the driving force of the global LiDAR industry.
The governments are also promoting the deployment of the technology. It is in high demand by government organizations for mapping, surveillance, meteorology, etc. In addition, the investments made for the development of the existing LiDAR technology is also poised to influence the market place growth positively.
The key players identified in the report are LiDAR sector are Trimble Inc. (U.S.), Teledyne Technologies Inc. (U.S.), Hexagon AB (Sweden), Faro Technologies Inc. (U.S.), Beike Tianhui Technology Co., Ltd. (China), RIEGL Laser Measurement Systems GmbH (Austria), Quantum Spatial (U.S.), YellowScan (France), and Geokno India pvt. Ltd. (India).
Market place Segmentation:
On the basis of product variety, the worldwide LiDAR marketplace can be segmented into terrestrial LiDAR, airborne LiDAR, and others.
On the basis of technology, the LiDAR current market can be segmented into 1D, 2D, and 3D.
On the basis of ingredient, the worldwide LiDAR industry can be segmented into navigation & positioning systems, laser scanner, and others.
On the basis of functional areas, the LiDAR current market can be segmented into engineering, environment, corridor mapping, advanced driver-assistance systems (ADAS) & driverless car, cartography, urban planning, and meteorology.
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