LiDAR Market size is projected to reach USD 2.8 billion by 2025 from an estimated USD 1.1 billion in 2020, at a CAGR of 20% from 2020 to 2027.
Advances in spatial resolution technology in LiDAR-based digital terrain models provide incredible accuracy in applications such as detection of changes in hillsides, runoff at agricultural or mining sites, and inland waterways. The market is expected to grow significantly during the forecast period due to the automation of LiDAR (Light Detection and Ranging), reducing human effort and increasing efficiency.
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A full report of Global LIDAR Market is available at: https://www.orionmarketreports.com/lidar-market/27630/
Following are the segments covered by the report are:
- Airborne LIDAR
- Terrestrial LIDAR
- Others
By Application:
- Civil Engineering
- Forestry & Agriculture
- Transportation
- Urban Mapping
- Others
The Key manufacturers that are operating in the global LiDAR market are:
- Leica Geosystems
- Trimble
- Teledyne Optech
- Riegl
- Topcon
- Velodyne LiDAR
- 3D Laser Mapping
- IGI
- Sure Star
Scope of the Report
The research study analyzes the global LIDAR industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by LIDAR Market Report
1. What was the LIDAR Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of LIDAR Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the LIDAR Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global LIDAR market.
- The market share of the global LIDAR market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global LIDAR market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global LIDAR market.
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