Global LiDAR Market was worth US$ 1.1 Bn. in 2020 and total revenue is expected to grow at a rate of 20.7 % CAGR from 2021 to 2027, the LiDAR Market is reaching almost US$ 4.11 Bn. in 2027.
Global LiDAR Market Overview
The Global LiDAR Market Report 2020 to 2027 (Forecast Period) provides detailed analysis of market growth factors, future evaluation, country level analysis, LiDAR market distribution, and competitive landscape analysis of major industry players. In the research report, every segment of the global LiDAR market is thoroughly examined. Through leading segments, the segment analysis identifies critical opportunities in the global LiDAR market. The regional study of the global LiDAR market assists readers in gaining a comprehensive understanding of the developments of the different geographic markets in recent years and going forward. The report also includes a wide range overview of the key dynamics of the global LiDAR market, such as market influence and market effect factors, drivers, threats, constraints, trends, and prospects. Other types of analysis, such as qualitative and quantitative, are also included in the research study.
Questions Answered in the Report
- What is the market potential for LiDAR?
- Which region will emerge as a key player in the next years?
- Which category will see rapid growth?
- What chances for development exist in the LiDAR sector in the upcoming years?
- What are the future obstacles that the LiDAR market may face?
- Who are the key market leaders in the LiDAR segment?
- What are the primary trends that are affecting market?
Competitive Share Analysis
LiDAR The competitive environment of the market includes statistics and data on various competitors. This survey provides a detailed analysis of players from 2018 to 2021 and reliable revenue information. It also provides in-depth analysis based on accurate revenue information (global and regional) for the period 2018-2021. It provides company profile, key businesses, total sales and revenue, LiDAR business revenue, LiDAR market entry date, LiDAR product launch, recent developments and other details.
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Segmentation:
GPS, Navigation (IMU), Laser Scanners, and Mobile UAV are the different segments of the market. Laser scanners record an intensity value to provide a return signal strength that can help distinguish objects with various reflectivities. A laser scanner generates a 2D point cloud that can be used for item and environment localisation, mapping, and modelling. Demand for laser scanners is predicted to increase significantly during the projection period, with a CAGR of 15.2 percent. Reduced laser technology prices are expected to open up new applications for 3D scanning, resulting in significant growth potential over the forecast period.
Global LiDAR Market Key Players:
• Leica Geosystems Holdings AG
• Teledyne Optech Inc.
• Quantum Spatial, Inc.
• Faro Technologies, Inc.
• Velodyne LiDAR, Inc.
• Sick AG
• Geokno
• Trimble, Inc.
• RIEGL USA
• YellowScan
• Beijing Surestar Technology
• Optech Inc.
• Geodigital
• Topcon Positioning Systems Inc.
• Denso
• Trimble, Inc. (US)
• HEXAGON,
• SICK AG
• Trimble Inc.
• Phoenix LiDAR Systems
• LeddarTech Inc.
• Quanergy Systems, Inc.
• Innoviz Technologies Ltd.
• ZX Lidars
• Vaisala
• Waymo LLC
• Valeo
• Lumibird Canada
• Ouster, Inc.
Impact of COVID-19 on the Market
COVID19 has three major impacts on the global economy. It has a direct impact on production and demand, supply chain and market turmoil, and economic impact on businesses and financial markets. Our analysts, who monitor the situation around the world, believe that after the difficulties of COVID19, the market offers producers a favourable opportunity. The purpose of the report is to provide a more detailed account of the current situation, the economic slowdown, and the impact of COVID 19 on the industry as a whole.
LiDAR Market Regional Analysis
This section of the report examines the share and growth rate of each region, nation, and submarket region throughout the estimated period. The research also includes a comprehensive PEST analysis for each of the five areas, namely North America, Europe, Asia Pacific, the Middle East, and Africa, and South America, after examining the political, economic, social, and technological variables influencing the LiDAR market in these regions.
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