LiDAR Market 2021 Growth, Trends, Leading Players and Business Insights Forecast to 2031 | Teledyne Optech, Leica Geosystems AG, SICK AG, Quantum Spatial

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.

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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 Segmentation:

LiDAR Market is segmented into By Application, type, component, end user and region. Based on application the market is categorized into Corridor Mapping, Seismology, Exploration & Detection and Others. On the basis of type, it is further segmented into Terrestrial, Aerial, Mobile and Short Rang. Based on component the market is further segmented into LASER, Inertial, Camera, GPS GNSS and Micro-electro mechanical system (MEMS). Based on end user it is segmented into Defense & Aerospace, Civil Engineering, Archaeology, Forestry & Agriculture, Mining and Transportation. Whereas based on region it is divided into North America ,Europe ,Asia-Pacific and Rest of the World .

Key Players

The LiDAR Market Report includes players such as Teledyne Optech (Canada), Leica Geosystems AG, (Sweden), SICK AG (Germany), Quantum Spatial (U.S), RIEGL Laser Measurement Systems GmbH (Austria), Mira Solutions Inc (U.S), Yellow Scan (France), Geokno India (India), Faro Technologies, (U.S), and Trimble (U.S), among others.

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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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