The
global LiDAR market is forecast to reach USD 605.5 million by 2020.
Some of the factors responsible for growth of LiDAR market are
increasing demand for 3D imagery in consumer, commercial and
government applications and comparative advantages of LiDAR
technology over traditional mapping and surveying methods. Further,
in the recent years, there has been a significant reduction in the
price of LiDAR devices, which is further aiding the LiDAR growth.
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Global
LiDAR market was valued at USD 225 million in 2013. The market
revenue is anticipated to grow at a CAGR of 15.3% from 2014 to 2020.
The market is segmented by product types into airborne and
terrestrial LiDAR systems. On the basis of application, the market is
segmented into coastal, forestry, transportation, infrastructure,
defense and aerospace, transmission lines, flood mapping and others
(mining etc.). Airborne LiDAR segment dominated the market in 2013
whereas by application, coastal applications of LiDAR accounted for
majority of the market share.
Geographically,
North America represented the largest market for LiDAR and the region
is expected to witness good growth in the coming years. This is due
to high research and development spending coupled with high adoption
in the government sectors. Further, Europe follows North America by a
small margin and this region is expected to see good growth over the
forecast period owing to rising consumer adoption and increase in the
number of new product launches by key players operating in this
region.
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Some
of the major players in the LiDAR market include 3D Laser Mapping
Ltd., Aerometric Inc., Avent Lidar Technology, Airborne Hydrography
AB, DigitalWorld Mapping Inc., Firmatek 3D Mapping Solutions LLC,
FARO Technology, Inc., Intermap Technologies Corp., Leica Geosystems
AG, Mosaic 3D, Optech Incorporated and RIEGL Laser Measurement
Systems GmbH among others.
This
report analyzes the global LiDAR market in terms of revenue (USD
million). The market has been segmented as follows:
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Press Release LiDAR Market
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Global
LiDAR Market, by Product Type:
- Airborne LiDAR
- Terrestrial LiDAR
Global
LiDAR Market, by Application:
- Coastal
- Forestry
- Transportation
- Infrastructure
- Defense and Aerospace
- Transmission lines
- Flood Mapping
- Others (Mining, Hydrography etc)
Global
LiDAR Market, by Geography:
- North America
- Asia Pacific
- Europe
- Rest of the World
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