LiDAR
systems are a technologically advanced variety of remote sensing
devices that measure laser radiations to find information about the
structure and range of distant objects. LiDAR systems generate
precise spatial information about objects based on the principles of
reflection of light from different surfaces. By sensing the light
reflected from an object’s surface, a typical LiDAR system develops
3-dimensional digital models or maps of the space where the object is
located.
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LiDAR
systems normally include a laser source that showers beams on any
desired object, and a sensor that can absorb and analyze the
reflected energy. For understanding the structure of an object within
a space, a LiDAR system showers the laser beam upon the object and
measures the light that was reflected from the object’s surface.
The light reflected from the object’s surface and the time taken
for the entire process (emission of light upon the object, reflection
from the object, and sensing the reflected light) is measured.All the
data gathered by the sensor is used to generate a 3-dimensional map
of the object and to measure the distance from the object. LiDAR
systems are quite similar in operation to RADAR systems. However,
LiDAR systems make use of discrete laser pulses while RADARs use
radio waves. Also, LiDAR systems use waves of shorter wavelength than
RADARs.
Global
LiDAR Market – An Overview
LiDAR
systems are being increasingly employed for generating 3D imagery in
a variety of commercial, consumer, and government applications due to
the comparative advantages of these systems over traditional
surveying and mapping methods. In the past few years, the global
LiDAR market has also observed a significant reduction in prices of
LiDAR devices, leading to their increased adoption on a global level.
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LiDAR
systems offer significant cost and time saving capabilities, which
have increased their adoption across many application areas. LiDAR
systems have become more preferable over traditional mapping and
surveying methods. The technology of photogrammetry has been replaced
with LiDAR systems due to factors such as higher accuracy and light
independency of LiDAR systems.
Transparency
Market Research, a U.S. based market research firm, states that the
global LiDAR market had a net worth of US$225 million in 2013. The
market will grow at a CAGR of 15.3% between 2014 and 2020 and acquire
a net worth of US$605.5 million by 2020.
Key
Applications and Viable Regional Markets
Key
applications of LiDAR systems are observed in coastal, forestry,
infrastructure, aerospace, defense, flood mapping, mining, and
transportation sectors. Of these areas, coastal applications
currently account for the highest share of demand observed for LiDAR
systems across the globe. LiDAR systems are mostly used in coastal
applications for disaster control and management in risky coastal
lines. The power sector is a relatively new application area of LiDAR
where these systems are used for setting up or laying out
transmission lines. The adoption of LiDAR is also increasing in
application sectors such as transportation, defense, aerospace, and
infrastructure.
On
a geographic front, the LiDAR market observes the highest share of
demand from the North American regional market. LiDAR systems have
observed rapid adoption in these regions owing to the high
investments in R&D activities and high penetration in the
military and defense field due to government sanctions.
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Some
of the key vendors operating in the global LiDAR systems market
include Aerometric Inc., DigitalWorld Mapping Inc., Avent Lidar
Technology, Firmatek 3D Mapping Solutions LLC, 3D Laser Mapping Ltd.,
Airborne Hydrography AB, Leica Geosystems AG, FARO Technology, Inc.,
Intermap Technologies Corp., Mosaic 3D, RIEGL Laser Measurement
Systems GmbH, and Optech Incorporated.
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