LiDAR Market Insights: As per Market Research Future (MRFR)’s analysis, the global LiDAR Market is expected to mark a CAGR of 14.14% during the forecast period 2018 to 2023. The report also highlights that the valuation of the global market is estimated to grow from USD 1,894.4 Mn in 2017 to USD 4,158.8 Mn by the end of 2023. LiDAR technology has witnessed rapid developments from 1D to 2D and now the latest 3D technology. These innovations have led to an exponential expansion of its market presence, thus, augmenting the LiDAR market. The rising use of LiDAR systems for various purposes such as Advanced Driver Assistance Systems (ADAS), urban planning corridor mapping, etc. is fuelling the market growth. Also, the use of 4D LiDAR will be beneficial for the immense growth of the LiDAR industry. Its various features such as high-speed data transmission, with high-resolution results, are important drivers for the LiDAR Market. Get Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/2460 Competitive Dashboard: The key players identified in the report are LiDAR sector are Trimble Inc. (U.S.), Teledyne Technologies Inc. (U.S.), Hexagon AB (Sweden), Faro Technologies Inc. (U.S.), Beike Tianhui Technology Co., Ltd. (China), RIEGL Laser Measurement Systems GmbH (Austria), Quantum Spatial (U.S.), YellowScan (France), and Geokno India Pvt. Ltd. (India). Market Segmentation: On the basis of product type, the global LiDAR market can be segmented into terrestrial LiDAR, airborne LiDAR, and others. On the basis of technology, the LiDAR market can be segmented into 1D, 2D, and 3D. On the basis of component, the global LiDAR market can be segmented into navigation & positioning systems, laser scanner, and others. On the basis of functional areas, the LiDAR market can be segmented into engineering, environment, corridor mapping, advanced driver-assistance systems (ADAS) & driverless car, cartography, urban planning, and meteorology. Get Complete Report Details at: https://www.marketresearchfuture.com/reports/lidarmarket-2460 Regional Analysis: The global LiDAR market, by region, has been segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America is in a better position to implement LiDAR technology across different industry verticals. The region has witnessed an extraordinary expansion of application base of the technology in recent times. The trend is expected to continue over the assessment period, thus, placing the regional market on the pole position globally.
LIDAR Market Research Report - Global Forecast to 2030
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