Press Release
Global LiDAR Market is to Reach $1636 Million by 2024, Says Variant Market Research
 Published Date:  Apr 2017  Publish By: Variant Market Research

Global LiDAR Market Report, published by Variant Market Research, forecast that the global market is expected to reach $1636 million by 2024 from $360 million in 2016; growing at a CAGR of 20.8% from 2016 to 2024. By geography, Asia Pacific and RoW are expected to grow at a CAGR of 26.2% and 25.3%, respectively, during the forecast period.

"LiDAR Market (By Product Type: Terrestrial, Aerial, Mobile, Short Range; By Component Type: Laser, Inertial Navigation System, Camera, GPS/GNSS Receiver, Micro Electro Mechanical System (MEMS); By Application: Corridor Mapping, Seismology, Exploration and Detection, Others; Defense and Aerospace, Civil Engineering, Archaeology, Forestry and Agriculture, Mining Industry, Transportation; By Geography: North America, Europe, Asia Pacific, RoW) Global Scenario, Market Size, Outlook, Trend and Forecast, 2015-2024"

To browse the complete report, visit at https://www.variantmarketresearch.com/report-categories/defense-aerospace/lidar-market

Technological advancements, increasing use of drones for multiple applications, adoption of LiDAR in various government sectors, as usage of laser light provides accurate and precise data in short time, are the major drivers of the market. Moreover, research and development of self-driven cars in automotive sector and growth of 3D printing market are also expected to boost the market growth.

By product type, aerial accounts about 50.8% of total market, followed by mobile with 24.5% in 2016. In applications, corridor mapping and exploration and detection held the majority of share with 48.7% and 36.6% respectively in 2016. Furthermore, by end user, civil engineering and forestry & agriculture held the share of 34.4% and 19.7% respectively in 2016.

Asia-Pacific is the fastest growing region in the LiDAR market, and is expected to continue this trend due to rising product launches and increased low-cost manufacturing activities in the region. North America accounts the largest share of the market with 46% followed by Europe with 32.4%.

The key market players include Hokuyo Automatic Co Ltd., Velodyne LiDAR, Quanergy, Phoenix Aerial Systems, 3D Laser Mapping, Quantum Spatial, Airborne Imaging Inc., Avent LiDAR technology, GeoDigital and Leica GeoSystems AG. For instance, in January 2017, Velodyne LiDAR opened megafactory in San Jose for large scale production of 3D LiDAR sensors.

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Chapter 1 Prefix
    1.1 Market Scope
    1.2 Report Description
    1.3 Research Methodology
          1.3.1 Primary Research
          1.3.2 Secondary Research
          1.3.3 In-house Data Modeling
Chapter 2 Executive Summary
Chapter 3 Market Outline
    3.1 Market Inclination, Trend, Outlook and Viewpoint
    3.2 Market Share Analysis: Company’s Competitive Scenario
    3.3 Market Dynamics
          3.3.1 Drivers
                   3.3.1.1 Impact Analysis
          3.3.2 Restraints
                   3.3.2.1 Impact Analysis
          3.3.3 Opportunities
Chapter 4 LiDAR Market by Product: Market Size and Forecast, 2015 – 2024
    4.1 Overview
    4.2 Terrestrial
          4.2.1 Current Trend and Analysis
          4.2.2 Market Size and Forecast
    4.3 Aerial
          4.3.1 Current Trend and Analysis
          4.3.2 Market Size and Forecast
    4.4 Mobile
          4.4.1 Current Trend and Analysis
          4.4.2 Market Size and Forecast
    4.5 Short Range
          4.5.1 Current Trend and Analysis
          4.5.2 Market Size and Forecast
Chapter 5 LiDAR Market by Component: Market Size and Forecast, 2015 – 2024
    5.1 Overview
    5.2 Laser
          5.2.1 Current Trend and Analysis
          5.2.2 Market Size and Forecast
    5.3 Inertial Navigation System
          5.3.1 Current Trend and Analysis
          5.3.2 Market Size and Forecast
    5.4 Camera
          5.4.1 Current Trend and Analysis
          5.4.2 Market Size and Forecast
    5.5 GPS/GNSS Receiver
          5.5.1 Current Trend and Analysis
          5.5.2 Market Size and Forecast
    5.6 Micro Electro Mechanical System (MEMS)
          5.6.1 Current Trend and Analysis
          5.6.2 Market Size and Forecast
Chapter 6 LiDAR Market by Application: Market Size and Forecast, 2015 – 2024
    6.1 Overview
    6.2 Corridor Mapping
          6.2.1 Current Trend and Analysis
          6.2.2 Market Size and Forecast
    6.3 Seismology
          6.3.1 Current Trend and Analysis
          6.3.2 Market Size and Forecast
    6.4 Exploration and Detection
          6.4.1 Current Trend and Analysis
          6.4.2 Market Size and Forecast
    6.5 Others
          6.5.1 Current Trend and Analysis
          6.5.2 Market Size and Forecast
Chapter 7 LiDAR Market by End-User: Market Size and Forecast, 2015 – 2024
    7.1 Overview
    7.2 Defense and Aerospace
          7.2.1 Current Trend and Analysis
          7.2.2 Market Size and Forecast
    7.3 Civil Engineering
          7.3.1 Current Trend and Analysis
          7.3.2 Market Size and Forecast
    7.4 Archaeology
          7.4.1 Current Trend and Analysis
          7.4.2 Market Size and Forecast
    7.5 Forestry and Agriculture
          7.5.1 Current Trend and Analysis
          7.5.2 Market Size and Forecast
    7.6 Mining Industry
          7.6.1 Current Trend and Analysis
          7.6.2 Market Size and Forecast
    7.7 Transportation
          7.7.1 Current Trend and Analysis
          7.7.2 Market Size and Forecast
Chapter 8 LiDAR Market by Geography: Market Size and Forecast, 2015 – 2024
    8.1 Overview
    8.2 North America
          8.2.1 Current Trend and Analysis
          8.2.2 Market Size and Forecast
         8.2.3 US
                   8.2.3.1 Market Size and Forecast
          8.2.4 Canada
                   8.2.4.1 Market Size and Forecast
          8.2.5 Mexico
                   8.2.5.1 Market Size and Forecast
    8.3 Europe
          8.3.1 Current Trend and Analysis
          8.3.2 Market Size and Forecast
          8.3.3 Germany
                   8.3.3.1 Market Size and Forecast
          8.3.4 France
                   8.3.4.1 Market Size and Forecast
          8.3.5 United Kingdom
                   8.3.5.1 Market Size and Forecast
          8.3.6 Spain
                   8.3.6.1 Market Size and Forecast
          8.3.7 Others
                   8.3.7.1 Market Size and Forecast
    8.4 Asia-Pacific
          8.4.1 Current Trend and Analysis
          8.4.2 Market Size and Forecast
          8.4.3 China
                   8.4.3.1 Market Size and Forecast
          8.4.4 India
                   8.4.4.1 Market Size and Forecast
          8.4.5 Japan
                   8.4.5.1 Market Size and Forecast
          8.4.6 South Korea
                   7.4.6.1 Market Size and Forecast
          8.4.7 Others
                   8.4.7.1 Market Size and Forecast
    8.5 RoW
          8.5.1 Current Trend and Analysis
          8.5.2 Market Size and Forecast
          8.5.3 Middle East
                   8.5.3.1 Market Size and Forecast
          8.5.4 South America
                   8.5.4.1 Market Size and Forecast
          8.5.5 Africa
                   8.5.5.1 Market Size and Forecast
Chapter 9 Company Profiles
    9.1 Hokuyo Automatic Co Ltd.
    9.2 Velodyne LiDAR
    9.3 Quanergy
    9.4 Phoenix Aerial Systems
    9.5 3D Laser Mapping
    9.6 Quantum Spatial
    9.7 Airborne Imaging Inc.
    9.8 Avent LiDAR technology
    9.9 GeoDigital
    9.10 Leica GeoSystems AG

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