R&D in Autonomous Cars Would Generate Opportunity to Lidar Market


Posted November 17, 2017 by arohipatil8090

Global LiDAR Market size is expected to reach $1636 million by 2024 from $360 million in 2016; growing at a CAGR of 20.8% from 2016 to 2024.

 
Global LiDAR Market size is expected to reach $1636 million by 2024 from $360 million in 2016; growing at a CAGR of 20.8% from 2016 to 2024. By geography, Asia Pacific and RoW are expected to grow at a CAGR of 26.2% and 25.3%, respectively, during the forecast period.
Rise in adoption of drone will uplift the lidar market
Key drivers of the global LiDAR market trends are rise in adoption of LiDAR by governments across the world,technological advancements, and growing use of drones for multiple applications. Additionally, R&D on autonomous cars in automotive sector and rise in 3D printing would offer opportunities to the key players in the market.
Click Here to Request a Free Sample PDF of This Report @ https://www.variantmarketresearch.com/report-categories/defense-aerospace/lidar-market/sample-request
Market Segmentation
The global LiDAR market has been bifurcated into component, product, application, end-user, and geography. Product segment comprises aerial, terrestrial, mobile, and short range. Laser, Camera, GPS/GNSS receiver,inertial navigation system, and MEMS are key components of lidar. Application segment includesexploration & detection seismology, corridor mapping, and other applications.Mining industry, archaeology, defense and aerospace, civil forestry and agriculture, and transportation are covered under the end users segment.North America, Europe, Asia-Pacific and RoW are the key geographical sub segments of global lidar market.
Civil engineering dominated the market with highest market share in 2016
Civil engineering accounted for the largest market share in 2016 and expected to remain the highest over the forecast period 2016 – 2024. Lidar provide extremely accurate images, which are very crucial in the civil engineering.
Get Table of Content (TOC)@ https://www.variantmarketresearch.com/report-categories/defense-aerospace/lidar-market/toc
Emerging countries witnessing growing demand of Lidar for various applications
Asia-Pacific is witnessing the fastest CAGR from 2016 to 2024, owning to increasing product launches and rise in low-cost manufacturing activities in China, India, and Japan. Whereas, North America held for the highest share of the market in 2016 and expected to remain the largest over the forecast period 2016 – 2204. Moreover Angola, Mozambique, Brazil, and Portugal, among others are also witnessing the significant demand of lidar market.
Competitive Landscape
The major market players include Quanergy, Quantum Spatial, Hokuyo Automatic Co Ltd., Phoenix Aerial Systems, Velodyne LiDAR, Airborne Imaging Inc.,3D Laser Mapping, Avent LiDAR technology, GeoDigital and Leica GeoSystems AG, among others.
Get Full Access to This Report @ https://www.variantmarketresearch.com/report-categories/defense-aerospace/lidar-market
Scope of LiDAR Market
Product Type Segments
• Terrestrial
• Aerial
• Mobile
• Short Range
Component Type Segments
• Laser
• Inertial Navigation System
• Camera
• GPS/GNSS Receiver
• Micro Electro Mechanical System (MEMS)
Application Segments
• Corridor Mapping
• Seismology
• Exploration and Detection
• Others
End-User Segments
• Defence and Aerospace
• Civil Engineering
• Archaeology
• Forestry and Agriculture
• Mining Industry
• Transportation
Geographical Segments
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o United Kingdom
o Spain
o Others
• Asia-Pacific
o China
o India
o Japan
o South Korea
o Others
• RoW
o South America
o Middle East
o Africa
Related Topics
Global Military Vetronics Market is Estimated to Reach $9 Billion by 2024, Says Variant Market Research
Global Military RADAR Market is Estimated to Reach $10 Billion by 2024, Says Variant Market Research
Global Ammunition Market Is Expected To Reach $25 Billion By 2024, Says Variant Market Research
Global Armored Vehicle Market is Expected to Reach $38 Billion 2024, Says Variant Market Research
About Variant Market Research
Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.
For further information, visithttps://www.variantmarketresearch.com
You can connect with us on LinkedIn here @https://www.linkedin.com/company/variant-market-research
Contact Us:
Michael Mendes
Head - Sales
Variant Market Research
649 Mission St, 5th Floor, San Francisco,
CA 94105,United States.
Tel: +1-415-680-2785
Fax: +1-415-680-2786
Email: [email protected]
Email: [email protected]
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Arohi patil
Website https://www.variantmarketresearch.com/report-categories/defense-aerospace/lidar-market
Phone 1-415-680-2785
Business Address Variant Market Research 649 Mission St, 5th Floor, San Francisco, CA 94105,United States.
Country United States
Categories Aerospace
Tags lidar market , lidar market forecast , lidar market industry , lidar market size , lidar market trend
Last Updated November 17, 2017