Market Analysis:
Global Lidar Market is expected to reach USD 5,842.37 million by 2024 from USD 1,058.40 million in 2016, at a CAGR of 24.1% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Application
 Corridor Mapping,
 Engineering,
 Environment,
 ADAS & Driverless Cars,
 Exploration,
 Urban Planning,
 Cartography,
 Meteorology
By Geography
 North America,
 Europe,
 Asia-Pacific,
 South America
 Middle East and Africa.
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Market Segmentation: Global LIDAR Market

he global Lidar market is segmented on the basis of components, products, application and services. The report provides data for 2015 to 2024, 2016 being the current year while 2017 to 2024 is the forecast period for the report.
On the basis of component, the global lidar market is segmented into four components which include navigation and positioning system, laser scanners, photodetector receivers and others. The navigation and positioning system are further sub segment into global positioning system (GPS) and internal measurement unit (IMU). Others market is further sub segmented into camera, high-precision clock and other accessories. The global navigation and positioning system market is expected to reach USD 2,480.17 million by 2024, from USD 455.02 million in 2016, growing at a CAGR of 23.9%.

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Key Drivers: Global LIDAR Market
Some of the major factors driving the market for global Lidar Market are rising government initiatives and increasing adoption, increasing use of drones in numerous applications, growing lidar application in engineering projects and large-magnitude set and technological advancement. These factors demand the Lidar system which boosts the market growth.
 High cost of lidar and high surveying application expenses may hinder the growth of the market.
 Many companies are increasingly focusing on technological advancement of lidar devices in order to strengthen their product portfolios in the Lidar market.

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Key Points: Global LIDAR Market

Teledyne Optech incorporated is going to dominate the global Lidar market following with Smith & Hexagon, Sick AG and Trimble Inc.. Some of the other players are Quantum Spatial, Faro Technologies, Beijing Beike Technology Co., Ltd, Riegl Laser Measurement Systems Gmbh , Velodyne Lidar, Inc. Yellowscan , Geokno India Pvt. Ltd., Quanergy Systems, Inc., Innoviz Technologies Ltd, Innoluce BV, Leddartech, Autonomoustuff, Geodigital, Trilumina, Tetravue, Luminar, Princeton Lightwave Inc., Neptec Technologies among others.

 The global aerial lidar market is expected to reach USD 2,521.36 million by 2024, from USD 484.46 million in 2016, growing at a CAGR of 23.1%.
 The corridor mapping is expected to dominate the Lidar market with 29.5% market share, growing at a CAGR 24.6% in the forecast period 2017 to 2024.

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