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 2025 The LiDAR Market size is projected to reach USD 2.8 billion by 2025 from an estimated USD 1.1 billion in 2020, at a CAGR of 20.7% from 2020 to 2025
MarketsandMarkets Presents Ground-based LiDAR segment to lead LiDAR market during forecast period Ground-based LiDAR is expected to dominate the LiDAR market, by installation type. Ground-based LiDAR is adopted widely in applications such as environment, meteorology, corridor mapping, and ADAS & driverless cars, among others. Groundbased LiDAR systems cost less and have less stringent approval criteria for mapping and surveying applications, which leads to the larger size of these systems in the market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1261 By range, medium range projected to register highest CAGR between 2020 and 2025 Medium-range LiDAR is used to detect objects in the range of 200–500 m. This LiDAR is used in engineering, mapping, environment, and exploration applications. Mediumrange LiDAR is used where precision and cost-effectiveness are the primary concerns.
MarketsandMarkets Presents By region, Asia Pacific LiDAR market estimated to grow at highest CAGR throughout forecast period The LiDAR market in the APAC region is expected to grow at the highest CAGR during the forecast period. The growth of this market can be attributed to the increase in surveying and mapping operations due to increasing infrastructural development, rising focus on forest management, and growing mining activities in the region. The increasing applications of airborne and ground-based LiDAR systems and the growing number of surveying and mapping activities in the region are anticipated to drive the demand for LiDAR in APAC.
MarketsandMarkets Presents Some of the key players in the LiDAR market. Leica Geosystems AG (Sweden), Trimble, Inc. (US), Teledyne Optech (Canada), FARO Technologies, Inc. (US), RIEGL Laser Measurement Systems GmbH (Austria), Sick AG (Germany), Quantum Spatial (US), Beijing SureStar Technology Co. Ltd. (China), Velodyne Lidar, Inc. (US), and YellowScan (France)
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