Press Release

LiDAR Market Share In-Depth Analysis of Industry Growth Trends & Forecast till 2026

Top Players in LiDAR Market are Beijing SureStar Technology Co.Ltd., FARO Technologies, Inc., HEXAGON, Leica Geosystems, RIEGL Laser Measurement Systems GmbH, SICK AG, Teledyne Technologies, Trimble Inc., Velodyne Lidar, Inc., YellowScan

The global LiDAR market size is projected to reach USD 6.71 billion by 2026. Driven by increasing investments in the development of newer products, the market will rise considerably in the coming years. According to a report published by Fortune Business Insights, titled “Light Detection and Ranging (LiDAR) Market Size, Share & Industry Analysis, By Type (Mechanical and Solid-state), By Deployment (Ground-based and Airborne), By Application (Mapping and Cartography, ADAS (Advanced driver-assistance System), Surveillance, Environment, Exploration and Detection and Others), By Industry (Automotive, Aerospace and Defense, Healthcare, IT & Telecom, Oil & Gas and Others) and Regional Forecast, 2019-2026,” the market was worth USD 1.32 billion in 2018 and will exhibit a CAGR of 22.7% during the forecast period, 2019-2026.

The global LiDAR market was worth USD 1.32 billion in 2018 and will exhibit a CAGR of 22.7% during the forecast period, 2019-2026.

Light detection and ranging or LiDAR is the process of creating a three-dimensional visual image. It is inclusive of a high intensity laser tool, micro-electro mechanical system (MEMS), and a GPS transceiver. Accounting to the functional abilities of each of these systems, the device can yield images of the highest calibre. As a result, it is widely used in diverse applications such as automotive, healthcare, and aerospace and defense. The increasing demand for LiDAR resulting from the widespread applications, will aid the growth of the overall LiDAR market in the forthcoming years.

To gain more insights into the market with a detailed table of content and figures, click here –

https://www.fortunebusinessinsights.com/light-detection-and-ranging-lidar-market-101969

The report provides an in-depth analysis of the global LiDAR market. It highlights the latest product launches and recent innovations in the market and states their impact on the growth of the market. The competitive landscape has been discussed in detail and predictions are made with respect to leading companies and products in the coming years. Forecast values have been provided for the market for the period of 2019-2026. The factual figures have been obtained through trusted sources. Moreover, these predictions are made on the basis of extensive research analysis methods, coupled with the opinions of experienced market research professionals.

Key Industry Developments:

  • September 2017 – LedderTech, invested around USD 130 million for the expansion of its LiDAR development programs and accelerate its ASIC development efforts.

Some of the leading companies that are operating in the global LiDAR market are:

  • Beijing SureStar Technology Co.Ltd.
  • FARO Technologies, Inc.
  • HEXAGON
  • Leica Geosystems
  • RIEGL Laser Measurement Systems GmbH
  • SICK AG
  • Teledyne Technologies
  • Trimble Inc.
  • Velodyne Lidar, Inc.
  • YellowScan

Increasing Number of Product Innovations to Aid Growth

The report encompasses several factors that have contributed to the growth of the market in recent years. The increasing investment in research and development has yielded several new and innovative products. The increasing number of product innovations have had the highest impact on the growth of the market in recent years. In February 2018, FARO Technologies Inc. developed a new platform based on the LiDAR technology. The company introduced the FARO Zone 3-D platform, a system that assists investigators and security experts for enhancing the quality of construction sites. FARO’s latest technology will not only help the company to generate a high market revenue but will have a direct impact on the growth of the market. The report identifies a few of the leading products of recent years and gauges their impact on the global LiDAR market in the coming years.

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https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/light-detection-and-ranging-lidar-market-101969

Market Segmentation –

1. By Type

  • Mechanical
  • Solid-state

2. By Deployment

  • Ground-based
  • Airborne

 

3. By Application

  • Mapping and Cartography
  • ADAS (Advanced driver-assistance System)
  • Surveillance
  • Environment
  • Exploration and Detection
  • Others (Meteorology, etc.)

4. By Industry

  • Automotive
  • Aerospace and Defense
  • Healthcare
  • IT & Telecom
  • Oil & Gas
  • Other (Manufacturing, Mining, etc.)

5. By Region

  • North America (U.S. and Canada)
  • Europe (U.K., Germany, France, Italy, Spain, and Rest of Europe)
  • Asia Pacific (China, Japan, India, Southeast Asia, and Rest of Asia Pacific)
  • Middle East & Africa (GCC, South Africa, and Rest of Middle East & Africa)
  • Latin America (Brazil, Mexico, and Rest of Latin America)

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https://www.fortunebusinessinsights.com/enquiry/customization/light-detection-and-ranging-lidar-market-101969

Detailed Table of Content – 

5.Global LiDAR Market Analysis, Insights and Forecast, 2015-2026
5.1.Key Findings / Summary
5.2.Market Analysis, Insights, and Forecast – By Type
5.2.1.Mechanical
5.2.2.Solid-state
5.3.Market Analysis, Insights, and Forecast – By Deployment
5.3.1.Ground-based
5.3.2.Airborne
5.4.Market Analysis, Insights, and Forecast – By Applications
5.4.1.Mapping and Cartography
5.4.2.ADAS (Advanced Driver-Assistance System)
5.4.3.Surveillance
5.4.4.Environment
5.4.5.Exploration and Detection
5.4.6.Others (Meteorology, etc.)
5.5.Market Analysis, Insights, and Forecast – By Industry
5.5.1.Automotive
5.5.2.Aerospace and Defense
5.5.3.Healthcare
5.5.4.IT & Telecom
5.5.5.Oil & Gas
5.5.6.Other (Manufacturing, Mining, etc.)
5.6.Market Analysis, Insights, and Forecast – By Region
5.6.1.North America
5.6.2.Europe
5.6.3.Asia Pacific
5.6.4.Middle East & Africa
5.6.5.Latin America
6.North America LiDAR Market Analysis, Insights and Forecast, 2015-2026
6.1.Key Findings / Summary
6.2.Market Analysis, Insights, and Forecast – By Type
6.2.1.Mechanical
6.2.2.Solid-state
6.3.Market Analysis, Insights, and Forecast – By Deployment
6.3.1.Ground-based
6.3.2.Airborne
6.4.Market Analysis, Insights, and Forecast – By Applications
6.4.1.Mapping and Cartography
6.4.2.ADAS (Advanced Driver-Assistance System)
6.4.3.Surveillance
6.4.4.Environment
6.4.5.Exploration and Detection
6.4.6.Others (Meteorology, etc.)
6.5.Market Analysis, Insights, and Forecast – By Industry
6.5.1.Automotive
6.5.2.Aerospace and Defense
6.5.3.Healthcare
6.5.4.IT & Telecom
6.5.5.Oil & Gas
6.5.6.Other (Manufacturing, Mining, etc.)
6.6.Market Analysis, Insights, and Forecast – By Country
6.6.1.U.S.
6.6.2.Canada
7.Europe LiDAR Market Analysis, Insights and Forecast, 2015-2026
7.1.Key Findings / Summary
7.2.Market Analysis, Insights, and Forecast – By Type
7.2.1.Mechanical
7.2.2.Solid-state
7.3.Market Analysis, Insights, and Forecast – By Deployment
7.3.1.Ground-based
7.3.2.Airborne
7.4.Market Analysis, Insights, and Forecast – By Applications
7.4.1.Mapping and Cartography
7.4.2.ADAS (Advanced Driver-Assistance System)
7.4.3.Surveillance
7.4.4.Environment
7.4.5.Exploration and Detection
7.4.6.Others (Meteorology, etc.)
7.5.Market Analysis, Insights, and Forecast – By Industry
7.5.1.Automotive
7.5.2.Aerospace and Defense
7.5.3.Healthcare
7.5.4.IT & Telecom
7.5.5.Oil & Gas
7.5.6.Other (Manufacturing, Mining, etc.)
7.6.Market Analysis, Insights, and Forecast – By Country
7.6.1.UK
7.6.2.Germany
7.6.3.Italy
7.6.4.France
7.6.5.Rest of Europe
8.Asia Pacific LiDAR Market Analysis, Insights and Forecast, 2015-2026
8.1.Key Findings / Summary
8.2.Market Analysis, Insights, and Forecast – By Type
8.2.1.Mechanical
8.2.2.Solid-state
8.3.Market Analysis, Insights, and Forecast – By Deployment
8.3.1.Ground-based
8.3.2.Airborne
8.4.Market Analysis, Insights, and Forecast – By Applications
8.4.1.Mapping and Cartography
8.4.2.ADAS (Advanced Driver-Assistance System)
8.4.3.Surveillance
8.4.4.Environment
8.4.5.Exploration and Detection
8.4.6.Others (Meteorology, etc.)
8.5.Market Analysis, Insights, and Forecast – By Industry
8.5.1.Automotive
8.5.2.Aerospace and Defense
8.5.3.Healthcare
8.5.4.IT & Telecom
8.5.5.Oil & Gas
8.5.6.Other (Manufacturing, Mining, etc.)
8.6.Market Analysis, Insights, and Forecast – By Country
8.6.1.China
8.6.2.Japan
8.6.3.India
8.6.4.South East Asia
8.6.5.Rest of APAC

TOC Continued…!!!

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Ruby Arterburn

Ruby is leading the team writing for artificial intelligence. She is a newcomer in the organization and has already made her base and reputation with her hard work and her efficiency towards her field. Being a student of computer science it has become easier for her to understand the objectives and the expected results of this column. She is also an excellent cook, and now and then, and we get the opportunity to taste her deliciously baked cookies.

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