According to a new market research report of "LiDAR Market by Components (INS, Laser, GPS/GNSS, Camera, MEMS), Product Types (Airborne, Mobile, Terrestrial), Applications (Corridor Mapping, Forestry, Mining, Topographic Surveying, Volumetric Mapping) - Global Forecasts and Analysis 2013 – 2018 " published by MarketsandMarkets is expected to grow at a CAGR of 16.64% from 2013 to 2018 and reach 551.26 million in 2018. The data mentioned is for dedicated LiDAR systems only.
Browse 80 market data tables and 73 figures spread through 278 pages and in-depth TOC on "LiDAR Market by Components (INS, Laser, GPS/GNSS, Camera, MEMS), Product Types (Airborne, Mobile, Terrestrial), Applications (Corridor Mapping, Forestry, Mining, Topographic Surveying, Volumetric Mapping) - Global Analysis and Forecast 2013 - 2018 "
http://www.marketsandmarkets.com/Market-Reports/lidar-market-1261.html

Though LiDAR was developed in early 1960s, it was just used for military and the government applications only. However, due to the technological developments and reduction in cost of LiDARs, it is heavily penetrating in to the commercial and industrial sectors. The market research report Global LiDAR market - Forecast & Analysis (2013 - 2018) covers both the government/military and the commercial applications of light detection and ranging systems. The few of the major applications currently harnessing light detection and ranging technology are: corridor mapping, forestry, mining, topographic surveying, and volumetric mapping. The extensive research study conducted resulted in identifying civil engineering and planning application as one of the top revenue grossing application for light detection and ranging systems. However, the highest growth rate is expected for the corridor mapping application which is estimated to grow at a rate of more than 20% annually from 2013 to 2018.
Early buyers will receive 10% customization on reports.
http://www.marketsandmarkets.com/requestCustomization.asp?id=1261
The total market which is currently valued at $218.87 million is estimated to grow at an excess rate of 15% annually. The total market is divided among various product types such as: airborne, terrestrial, mobile, and short range. The maximum contribution currently is from the airborne LiDAR type. One of the reasons for the highest share of airborne LiDAR is its high average selling price. Also, as compared to other types, airborne LiDAR market is mature and, reliable. Thus, it is preferred by users for whom the budget is not a constraint. However, the airborne LiDAR market has the lowest CAGR among all the product types. This indicates the shift in trend in the light detection and ranging market. Due to innovations in terrestrial and mobile light detection and ranging systems, the cost-benefit ratio for these LiDAR types is expected to surpass that of airborne light detection and ranging system. It can be said that the terrestrial and mobile light detection and ranging systems are disrupting the airborne LiDAR market to some extent.
Geographical split for each and every type is included in the report. The report describes the overall market into four major geographical segments, namely, North America, Europe, APAC, and ROW. North America and Europe is the market leader in the overall LiDAR market followed by APAC. In ROW, the Middle East, and Africa are coming up with this technology because of its benefits in wide range of applications.
Major companies covered in the report are: Airborne imaging, Inc. (U.S.), Leica Geosystems (U.S.), Optech Incorporated (Canada), Trimble Navigation Limited (U.S.), RIEGL Laser Measurement Systems GmbH (Austria), and Renishaw Plc (U.K.).
About MarketsandMarkets
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals, including advanced materials, automotive and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Rohan
North - Dominion Plaza,
17304,Preston Road,
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: [email protected]