LiDAR Market 2019 Global Industry Trends, Share, Size, Demand, Growth Opportunities, Industry Revenue, Future and Business Analysis by Forecast – 2023Posted:
Global “LiDAR Market 2019-2023” has been providing up and changing the worldwide economy as far as growth rate, revenue, deal, market proposition, and scope. The Global LiDAR market Consumption market report is an extensive analysis of this corporate field, which has been established to be one of the most profitable business verticals in futures. The Reportspecifies the complete estimate of Global LiDAR market business terms, in addition to presenting a brief segmentation of the industry, the expansion opportunities, as well as Key region.
Top-Listed Playersin LiDAR Market Research Report 2019-2023
- Sick AG
- Optech Inc.
- Velodyne LiDAR
- Quanergy Systems Inc.
- Quantum SpatialInc.
- 3D Laser Mapping Ltd
- Faro TechnologyInc.
- GeoDigital International Corp
- Leica Geoystems AG
- Riegl Laser Measurement Systems GmbH
- Topcon Positioning Systems Inc.
- Trimble Navigation Ltd.
- Denso Corporation
- Robert Bosch GmbH
- Phantom IntelligenceInc.
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Overview of LiDAR Market:
In 2017, the global LiDAR market was valued at USD 1.69 billion and is projected to reach a value of USD 3.455 billion by 2023, recording a CAGR of 12.66% during 2018-2023 (the forecast period). The scope of this report is limited to solutions that are offered by the major players, including providers of laser scanners, GPS, and IMUs. Also, regions considered in the scope of the report include North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa.
Increasing usage of drones across various applications, such as aerospace and defense, agriculture, and forestry, is a major factor driving the market growth. Moreover, rising investments in RandD of self-driven cars in the automotive sector are expected to positively impact the market. Research indicates that the revenue from the autonomous cars is anticipated to go beyond EUR 10 billion by 2020. LiDAR systems are expected to benefit from this growth, along with other intelligent devices as they are expected to assist in averting accidents. The growth of 3D printing market and the demand for 3D printed images are likely to offer potential opportunities for the LiDAR market. However, average LiDAR systems employed in autonomous cars cost around USD 60,000 to USD 80,000. Thus, relatively high cost of equipment for surveying applications, along with the lack of awareness about LiDAR technology, is challenging the market growth.
Rising Adoption In Government Sector Applications
Governments in different countries are using LiDAR technology for mapping, surveillance, monitoring, and topographical surveys predominantly in mining and oil and gas sectors. Enhanced features and low cost associated with these systems, when compared to conventional alternatives, are making it easily accessible for the government sector. Over the last 17 years, the UK Environmental Agency has been collecting LiDAR data and making it available to archeologists to visualize ancient landscapes. In 2016, in India, the state government of Telangana proposed the use LiDAR in preparation of high-resolution maps for use in various engineering tasks and projects across the state. LiDAR drones can help in creating rescue models, in order to analyze realistic situations and avert it in the situation of natural calamities. Recently, the Netherlands had a similar open-data scan of the country, which was presented in the form of a 3D web visualization. The project is led by TU Delft in collaboration with Netherlands eScience Center.
Increasing Rate Of Adoption Of LiDAR In The Automotive Sector To Drive The Market Growth
Across the globe, the automobile industry is flourishing. It is expected that the total number of vehicles in the world could double, to reach around 2.5 billion by 2050. LiDAR in automobiles are used in to perform functions like mapping, improved and advanced driver-assistance (ADAS), and enable fully self-driving vehicles. The LiDAR systems enable the avoidance of collisions, and thus, support the production and use of ADAS. When compared to traditional sensors, LiDAR functions better in the accurate profiling of static or dynamic objects that are impending over long distances. Also, it is less likely to provide missed or false alerts, making it much safer. With the self-driving cars close to becoming a reality, major giants, like Google, Tesla, and BMW, have started releasing their prototype models. LiDAR would turn cars into machines that are keenly aware of their surroundings, where they can generate accurate 3D snapshots of every object surrounding them. Thus, LiDAR technology quickly being seen as the solution to assisted driving automobiles.
Owing To the Opportunities Offered By Defense and Agriculture Sectors, North America Is Expected To Retain Its Lead
Owing to the increasing investments of business giants in North America, such as General Motors, Google Inc., and Apple Inc., towards ADAS and driverless cars, new opportunities are being offered to small, versatile, and low-cost LiDAR systems. In addition, major companies in the market, such as Trimble, Faro, and Velodyne are based in the United States, which is another major factor, contributing to the large share of North American market. Further, the US defense industry has increased its military and defense spendings, which has created opportunities for LiDARs to proliferate into the industry. The country spends approximately USD 596 billion on defense, which is greater than the combined spending of seven major countries.
The Key Market Players Include:
Leica Geosystems AG
Trimble Navigation Limited
Other players in the market include Quantum Spatial, 3D Laser Mapping, Geodigital, Topcon Positioning Systems Inc., Denso, and Riegl Laser Measurement Systems GmbH.
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Key Highlights from LiDAR Market Report 2019.
Revenue and Sales Estimation — Historical Revenue and sales volume is presented and further data is triangulated with top-down and bottom-up approaches to forecast complete market size and to estimate forecast numbers for key regions covered in the report along with classified and well-recognized Types and end-use industry. Additionally, macroeconomic factor and regulatory policies are as curtained in LiDAR industry evolution and predictive analysis.
Manufacturing Analysis —the report is currently analyzed concerning various product type and application. The LiDAR Market provides a chapter highlighting manufacturing process analysis validated via primary information collected through Industry and Key officials of profiled companies.
Competition — Leading players have been analyzed depending on their company profile, product portfolio, capacity, product/service price, sales, and cost/profit.
Demand and Supply and Effectiveness — LiDAR Market report additionally provides distribution, Production, Consumption for the complete industry.
LiDAR MarketTop Regions(regional analysis covers):-
- North America (the USA, Canada, andMexico)
- Europe (Germany, France, UK, Russia, andItaly)
- Asia-Pacific (China, Japan, Korea, India, andSoutheast Asia)
- South America, Middle East, andAfrica
Reasons to Purchase This Report
- To know what is the Impact of opportunities that are offered by the aerial imaging and increased surveillance needs
- To analyze various market perspectives, with the help of Porter’s five forces analysis.
- Growth of the various hardware products, such as sensors, laser scanners, navigation systems
- To understand the regional analysis of the market.
- To identify the latest developments, market shares, and strategies that are employed by the major market players.
- Three months analyst support, along with the Market Estimate sheet (in excel).
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Major Points from Table of Contents for LiDAR Market 2019:
Part 1 Industry Overview
1.1 LiDAR Industry
1.1.1 LiDAR Market Development
1.1.2 Terminology Definition in the Report
220.127.116.11 LiDAR Industry Demand
18.104.22.168 LiDAR Market Sales Revenue
22.214.171.124 Ex-factory Price and Sales Price
126.96.36.199 LiDAR Market Gross Margin
1.2 LiDAR Market Products and Services Scope
1.3 Industry Chain
1.4 Industry Dynamics and Regulations
1.5 Global Market Overview
Part 2 Upstream and Production
2.1 Raw Materials / Components
2.2 Procurement Methods and Channels
2.3 LiDAR Market Cost Structure and Manufacturing
2.4 Industry Capacity
2.5 LiDAR Market Production Distribution by Geography
2.5.1 Production in Major Regions / Countries
2.5.2 Trade Flow Overview
Part 3 Product Segment
3.1 Introduction by Type
3.2 LiDAR Market Status
Part 4 Application / End-User Segment
4.1 Introduction by Application
4.1.3 Scientific Research
4.2 Market Status
Part 5 Regional Market
Part 6 LiDAR Market Subdivision
6.1 Regional Production
6.1.1 Production by Type
6.2 Regional Demand
6.2.1 Demand by Type
6.2.2 Demand by Application
6.2.3 Additives Demand by Region
6.2.4 Scientific Research Demand by Region
Part 7 LiDAR Market Forecast
7.1 Global Forecast
7.2 Forecast by Type
7.3 Forecast by Application
7.4 Forecast by Region
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