$1.8 Bn LiDAR Market - Global Forecast to 2023: Automation of LiDAR Systems Leading to Increased Efficiency and Reduced Human Intervention
DUBLIN, June 4, 2018 /PRNewswire/ --
The "LiDAR Market by Type (Mechanical LiDAR and Solid-State LiDAR), Installation (Airborne and Ground-Based), Application (Corridor Mapping, ADAS & Driverless Car, and Engineering), Range, Component, Service, and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The overall LiDAR market is to grow from USD 819.1 Million by 2018 to USD 1,809.5 Million by 2023, at a CAGR of 17.2%
The growth of this market is driven by the increasing use of drones equipped with LiDAR for greater accuracy, growing demand for the 3D imaging technology, and developments in the LiDAR ecosystem through organic and inorganic growth strategies, such as product launches and developments, agreements, contracts, partnerships, collaborations, acquisitions, and expansions. The market for solid-state LiDAR is expected to grow at the highest CAGR during the forecast period. This growth of this segment is attributed to the increasing applications of this type in the automotive and robotics industries. In a solid-state LiDAR, the entire components, such as scanner and precision clock, are integrated on one or two chips to reduce its size and cost. The low cost of these systems enables combining two or more sensors to increase the area coverage and meet the specific requirements of the planned application.
The ground-based LiDAR systems are expected to hold a major share of the market during the forecast period. The ground-based LiDAR systems are either stationary or movable. They are placed on a moving platform such as sports utility vehicle (SUV) or all-terrain vehicle (ATV) with the help of a tripod and balancing assembly. The ground-based LiDAR systems cost less and have less stringent approval criteria for mapping or survey, which leads to the larger size of these systems in LiDAR market.
Among applications, the LiDAR market for ADAS and driverless car is expected to grow at the highest CAGR between 2018 and 2023. The growing adoption of solid-state LiDAR in ADAS and driverless cars for assuring safety is expected to boost the market in the coming years. Moreover, automotive giants are adopting LiDAR systems for their L3 level vehicles to boost the sales of these vehicles.
The market in APAC is expected to grow at the highest CAGR between 2018 and 2023. Increasing awareness among customer regarding the benefits of LiDAR systems in various application and government support are the factors contributing to the high growth of this market. Moreover, the regional development in APAC, especially in countries such as China and India, is expected to contribute to the growin demand for LiDAR systems in this region.
The key market players such as Teledyne Optech (Canada), Leica Geosystems (Switzerland), Reigl Laser Measurement Systems (Austria), Trimble (US), and Faro Technologies (US), Quantum Spatial (Aerometric) (US), Velodyne LiDAR (US), Beijing Surestar Technology (Isurestar) (China), Geokno (India), and Sick AG (Germany) are focusing on product launches and developments, agreements, contracts, partnerships, collaborations, acquisitions, and expansions to enhance their portfolio of product offerings and expand their business.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Attractive Growth Opportunities in LiDAR Market 4.2 LiDAR Market, By Application 4.3 LiDAR Market, By Region and Application 4.4 LiDAR Market, By Type
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Increasing Use of Drones Equipped With LiDAR for Greater Accuracy 5.2.1.2 Growing Demand for The 3D Imaging Technology 5.2.1.3 Encouragement From The Governments and Institutes for The Adoption of LiDAR 5.2.1.4 Application of LiDAR in Engineering Projects 5.2.1.5 Introduction of Technologically Enhanced LiDAR 5.2.1.6 Automation of LiDAR Systems Leading to Increased Efficiency and Reduced Human Intervention 5.2.2 Restraints 5.2.2.1 Environmental Traits Affecting The Performance of LiDAR Systems 5.2.3 Opportunities 5.2.3.1 Increasing Number of New Applications Demanding LiDAR Technology 5.2.3.2 Vertical Forward Integration 5.2.3.3 Deployment of LiDAR Components in The Automotive Sector 5.2.4 Challenges 5.2.4.1 High Cost of LiDAR Services for Surveying Applications 5.3 Value Chain Analysis 5.3.1 LiDAR Market Value Chain 5.3.2 Laser Scanner Value Chain Analysis
6 LiDAR Market, By Component 6.1 Introduction 6.2 Laser Scanners 6.3 Navigation and Positioning Systems 6.3.1 Global Positioning System (GPS) 6.3.2 Inertial Measurement Unit (IMU) 6.4 Other Components 6.4.1 Camera 6.4.2 High-Precision Clock 6.4.3 Other Accessories
7 LiDAR Market, By Type 7.1 Introduction 7.2 Mechanical LiDAR 7.3 Solid-State LiDAR
8 LiDAR Market, By Installation 8.1 Introduction 8.2 Airborne 8.2.1 Topographic 8.2.2 Bathymetric 8.3 Ground-Based 8.3.1 Mobile 8.3.2 Static
9 LiDAR Market, By Range 9.1 Introduction 9.2 Short 9.3 Medium 9.4 Large
10 LiDAR Market, By Service 10.1 Introduction 10.1.1 LiDAR Data Processing 10.1.1.1 Data Acquisition 10.1.1.2 Point Cloud Classification 10.1.1.3 3D Visualization 10.2 Aerial Surveying 10.3 Asset Management 10.4 GIS Services 10.5 Ground-Based Surveying 10.6 Other Services
11 LiDAR Market, By Application 11.1 Introduction 11.2 Corridor Mapping 11.2.1 Roadways 11.2.2 Railways 11.2.3 Others 11.3 Engineering 11.4 Environment 11.4.1 Forest Management 11.4.2 Coastline Management 11.4.3 Pollution Modeling 11.4.4 Agriculture 11.4.5 Wind Farm 11.4.6 Precision Forestry 11.5 ADAS & Driverless Cars 11.6 Exploration 11.6.1 Oil & Gas 11.6.2 Mining 11.7 Urban Planning 11.8 Cartography 11.9 Meteorology 11.10 Other Applications 11.10.1 Police LiDAR 11.10.2 Gaming 11.10.3 Robotics
12 Geographic Analysis
13 Competitive Landscape 13.1 Introduction 13.2 Market Ranking Analysis, 2017 13.3 Competitive Scenario 13.3.1 Product Launches & Developments 13.3.2 Agreements and Contracts 13.3.3 Partnerships and Collaborations 13.3.4 Mergers & Acquisitions and Expansions
14 Company Profiles
- Teledyne Optech
- Leica Geosystems
- Riegl Laser Measurement Systems
- Trimble
- Faro Technologies
- Quantum Spatial (Aerometric)
- Beijing Surestar Technology (Isurestar)
- Velodyne LiDAR
- Geokno
- Sick AG
- Yellowscan
- Leddartech
- Geodigital
- Topcon Positioning Systems
- Blom
- Michael Baker International
- Quanergy Systems
- Innoviz Technologies
- Delair
- Phoenix LiDAR
- Precisionhawk
For more information about this report visit https://www.researchandmarkets.com/research/j5354p/1_8_bn_lidar?w=5
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