LIDAR Market Key Players, Share, Trend, Applications, Segmentation and Forecast to 2022

Nowadays LIDAR is used everywhere across all the important applications. For instance, terrestrial uses LIDAR which is infrared laser with approximately 900–1064 nanometers and water penetration green light with approximately 532 nanometers for the water measurement. The usage of LIDAR systems has made detection and mapping of objects easier than other conventional methods. LIDAR stands for light detection and ranging it is basically remote sensing. LIDAR does not require electromagnetic radiation but it requires laser pulses that strike the object back to the sensor.

The key factors contributing to the growth of the LIDAR market are data processing technologies over other technologies, automated systems in LIDAR, adoption of aerial LIDAR and emergence of new applications. Also, the growth in this market can be attributed to the encouragement from the governments, application of LIDAR in engineering projects & large magnitude set and rise in demand for robust security and sensor accuracy.

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Other factors contributing to the growth of the market are rising demand of 3D imaging across various applications. However, less awareness about the benefits of LIDAR systems, use of expensive components in LIDAR systems i.e laser scanners, navigation system, high-resolution 3D cameras which collectively increases the cost of LIDAR systems are hampering the growth of the overall market. Also, over the forecast period LIDAR market would pose a higher impact on the increasing number of automated cars.

Key Players:

The key players in the global lidar market include Faro Leica Geosystems (Sweden), Technology (U.S.), Velodyne LiDAR, Inc. (U.S.), Beijing Beike Technology Co., Ltd (isurestar) (China), Riegl Laser Measurement Systems GmbH (Austria), Quantum Spatial (Aerometric, Inc.) (U.S.), Teledyne Optech Inc. (Canada), YellowScan (France), Geokno India Pvt. Ltd. (India), Trimble Inc. (U.S.), and others.

According to Market Research Future, market has been segmented into type, application, component, end-users and region.

By Type-

• Terrestrial
• Airborne

By Component-

• Laser
• Navigation
• Camera
• GPS Receiver
• GSS Receiver
• MEMS

By Application-

• Seismology
• Corridor mapping
• Exploration

By End-Users-

• Oil & Gas
• Transportation
• Mining
• Tourism
• Defense and aerospace
• Archaeology
• Others

By Region-

• North-America
• Europe
• Asia-Pacific
• RoW

Out of these components, GIS accounted for the largest market share majorly due to increasing demand for GIS services in canopy height estimation, forest planning, and harvesting planning applications. They are majorly adopted by the government for the forest management and for planning crops.

Also, the market for laser scanners is increasing due to the technological advancement in laser technology. It is also growing due to a rising demand for ground-based LIDAR.

By Region, MRFR analysis shows that, North-America accounted for the largest market share, because of the increasing investment by various firms towards ADAS and driverless cars and also provides new opportunities for small, versatile, and low-cost LIDAR systems.

Market Research Future Analysis

The global lidar market is expected to grow significantly. The market is highly application basis. GSS segment of LIDAR market globally drives the market. The market is expected to have higher growth rate as compared to the previous years.

North-America accounted for the largest market share, because of the increasing investment by various firms towards ADAS and driverless cars and also provides new opportunities for small, versatile, and low-cost LIDAR systems.

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