Press Release

Light Detection and Ranging (LiDAR) Market Size, Share, Global Trends, Growth & Industry Analysis and Regional Forecast till 2026

Top Players in Light Detection and Ranging (LiDAR) Market include 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.

To Gain More Insights into the LiDAR Market, Browse Summary of the Research Report: https://www.fortunebusinessinsights.com/light-detection-and-ranging-lidar-market-101969

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.

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

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.

Request a Sample Copy for more detailed LiDAR Market Overview: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/light-detection-and-ranging-lidar-market-101969

North America to Emerge Leading; Increasing Investment in Product R&D to Aid Growth

The report analyzes the ongoing LiDAR market trends across five major regions including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, the market in North America is projected to exhibit a high LiDAR market share in the coming years. Recent advances in LiDAR technologies and their applications in core 3-D and 4-D imaging will have a positive impact on the growth of the market in North America. As of 2018, market in North America was worth USD 0.58 billion and this value is likely to increase in the coming years. Besides North America, the market in Europe will witness considerable growth driven by the expansion activities taken by major companies in leading countries such as Germany and UK.

Purchase Full Report for Exclusive LiDAR Market Growth Forecast –  https://www.fortunebusinessinsights.com/checkout-page/101969

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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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