New York, According to a new market research report published by Global Insight Services “LiDAR Market” is expected to grow by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
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Lidar is a remote sensing technology that uses laser light to map the surface of the earth. It is used to measure the distance between objects and can be used to create 3D models of the landscape. Lidar is used in a variety of applications including mapping, surveying, navigation, and environmental monitoring.
Key Trends and Drivers
The key trends in the LiDAR market are the increasing use of LiDAR in autonomous vehicles, the increasing use of LiDAR in robots, and the increasing use of LiDAR in drones.
The key drivers of LiDAR market are high demand for 3D mapping and surveying applications, rapid growth in construction and infrastructure development, and increasing demand for LiDAR in autonomous vehicles.
Restraints & Challenges
The LiDAR market is facing several restraints that are limiting the adoption of LiDAR technology. The high cost of LiDAR systems, the lack of skilled personnel, and the lack of standardization are the major restraints in the LiDAR market.
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Market Segments
By Type
- Terrestrial
- Aerial
- Mobile
- Short Rang
By Component
- LASER
- Inertial
- Camera
- GPS GNSS
- Micro-electro mechanical system (MEMS)
Key Players
- Velodyne
- Leica Geosystems AG,
- GeoSLAM Ltd.
- Firmatek LLC,
- RIEGL Laser Measurement Systems GmbH
- Mira Solutions Inc
- Aerometric Surveys
- Airborne Hydrography
- Leosphere SAS
- Faro Technologies,
- Trimble
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Reasons to buy LiDAR Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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