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.

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Segmentation:
· By Component (Laser Scanner, Navigation and Positioning Systems, Photodetector Receivers, Others),
· By Product (Aerial Lidar, Ground-Based Lidar, UAV Lidar, Solid-State Lidar),
· By Application (Corridor Mapping, Engineering, Environment, ADAS and Driverless Cars, Exploration, Urban Planning, Cartography, Meteorology, Others),
· By Services (Lidar Data Processing, Aerial Surveying, Asset Management, GIS Services, Ground-Based Surveying, Mapping And Modeling, Others),
· By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)

Drivers:
The major factors driving the growth of this 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.

RISING GOVERNMENT INITIATIVES AND INCREASING ADOPTION
· Government is taking several initiatives for accuracy of data, refresh cycle and interest towards the geographic area coverage in order to avoid the unexpected circumstances such as -
Accidents, agriculture, Precision Forestry, forest Planning and management, forest fire management, tourism and parks management, environmental assessment, flood model, Ecological & Land Classification (ELC), river survey, river modelling, mining, oil and gas exploration, archaeology, light, solar energy planning , cellular network planning, astronomy, urban municipality, airport infrastructure and lots more.

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Major Players:
Some of the major players operating in this market are:-
· Quantum Spatial,
· Faro Technologies,
· Beijing Beike Technology Co., Ltd,
· Leica Geosystems,
· Teledyne Optech Inc.,
· Riegl Laser Measurement Systems Gmbh ,
· Velodyne Lidar, Inc.
· Yellowscan ,
· Geokno India Pvt. Ltd.,
· Trimble Inc.,
· Sick AG,
· Quanergy Systems, Inc.,
· Innoviz Technologies Ltd,
· Innoluce BV,
· Leddartech,
· Autonomoustuff,
· Geodigital,
· Trilumina,
· Tetravue,
· Luminar,
· Princeton Lightwave Inc.,
· Neptec Technologies
· Among others…

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