MarketsandMarkets Presents LiDAR Market by Type (Mechanical, Solid-state), Installation Type, Service (Aerial Surveying, GIS services), Application (Corridor Mapping, Environment, Engineering, ADAS & Driverless Cars), Component, Range, and Geography - Global Forecast to 2024 The LiDAR Market size is projected to reach USD 2,273 million by 2024 from an estimated USD 844 million in 2019, at a CAGR of 18.5% from 2019 to 2024.
MarketsandMarkets Presents Rising adoption of LiDAR systems in UAVs, engineering, and construction applications; increasing use of LiDAR in geographical information systems (GIS) applications; and emergence of 4D LiDAR are the major factors driving the growth of the LiDAR market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1261 Increasing investments in LiDAR startups by automotive giants; opportunities for SWIR-based design in the long term; technological shifts with the adoption of solid-state, MEMS, flash LiDAR, and other LiDAR technologies; and development of better geospatial solutions using sensor fusion present growth opportunities for the LiDAR market.
MarketsandMarkets Presents By type, solid-state LiDAR is projected to register higher CAGR between 2019 and 2024 The higher CAGR of the market for solid-state LiDAR is attributed to the increasing range of applications of this LiDAR type in the automotive and robotics industries. Traditional LiDAR systems rely on mechanical moving parts that have to be precise to obtain the accurate measurements required for autonomous navigation. A solid-state LiDAR is built entirely on a silicon chip
MarketsandMarkets Presents By installation type, ground-based LiDAR is projected to register higher CAGR between 2019 and 2024 Ground-based LiDAR systems are either stationary or movable. They are placed on moving platforms such as sports utility vehicles (SUVs) or all-terrain vehicles (ATVs) with the help of a tripod and balancing assembly. Ground-based LiDAR systems are less expensive than airborne LiDAR systems.
MarketsandMarkets Presents 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 The LiDAR market is expected to reach USD 1,809.5 Million by 2023 from USD 819.1 Million by 2018, at a CAGR of 17.2% during the forecast period.
MarketsandMarkets Presents key players in the LiDAR market : Teledyne Technologies (US), Hexagon (Sweden), Trimble (US), FARO (US), RIEGL (Austria), SICK AG (Germany), Quantum Spatial (US), Beijing Beiketian Technology Co., Ltd. (China), Velodyne Lidar (US), and YellowScan (France)
MarketsandMarkets Presents About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
MarketsandMarkets Presents MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441