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Research and Markets: North America LiDAR Market 2015 - Analysis and Forecasts 2019 for the $225 Million MarketResearch and Markets (http://www.researchandmarkets.com/research/ms8rzc/north_america) has announced the addition of the "North America LiDAR Market By Product Type (Airborne LiDAR, Terrestrial LiDAR, Mobile LiDAR, and Short Range LiDAR), By Application, and By Geography - Analysis and Forecast (2014-2019)" report to their offering. The North American LiDAR market is estimated to reach $225.8 million by 2019. Canada is expected to grow at the highest Compound Annual Growth Rate (CAGR) of 26.3% during the forecast period. In the last decade, as LiDAR and related technologies have been developing, many potential applications and use of LiDAR data in industries such as forestry, state and local government, emergency response/disaster mitigation and management, natural resources management, mining, oil and gas exploration, urban mapping and development, telecommunicaions, power supply, and others, have been discovered. In this report, the North American LiDAR market has been broadly classified into product type such as airborne LiDAR, terrestrial LiDAR, mobile LiDAR, and short-range LiDAR. The short-range LiDAR market segment is estimated to grow at the highest CAGR from 2014 to 2019. Short-range LiDAR comprises similar technology as that of other LiDAR types; however, its applications vary. Many applications such as building documentation, asset management, accident reconstruction, crime scene analysis, simulation, reverse engineering, and non-destructive testing do not need long-range LiDAR systems. Regionally, the U.S. is estimated to command the largest share in the North America LiDAR market. The North America LiDAR market is primarily driven by factors including automation in all steps of processing. One of the biggest drivers for LiDAR systems in the last decade has been the advent of industrial automation. The growth has mainly been driven by the need for automation compatibility in various segments and application sectors wherein the LiDAR technology is used. The North America LiDAR market is driven with a number of market players with niche technologies. As of 2014, the North America key market players are Trimble (News - Alert) Navigation Limited, Optech, Velodyne LIDAR, Faro Technology, Inc., and Leica Geosystems. These companies are adopting new product developments, partnerships, agreements, collaborations, and joint ventures as their major strategies to achieve growth in the LiDAR market. For more information visit http://www.researchandmarkets.com/research/ms8rzc/north_america.
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