Lack of awareness about the benefits of LIDAR coupled with inadequate knowledge about the working of LIDAR among the inexpert consumers is acting as one of the major restrains for the global LIDAR market. Moreover, the high initial setup cost of LIDAR system is hindering the wide acceptance of LIDAR system in cost sensitive markets of Asia-Pacific.North America is the largest market of LiDAR followed by Europe and Asia-Pacific. The market dominance of North America is attributed to wide use of LiDAR system in commercial and defence aviation sectors. Asia-Pacific is the fasted growing market of LiDAR system, owing to the increasing demand of the LiDAR system from the civil construction and mining industries. Also, the increasing defence budget of developing countries, such as China and India, is further boosting the market of LiDAR system in this region.
This report provides a complete quantitative data and qualitative analysis on the global market for Light Detection and Ranging. Market size is analysed by country, product type, application, and competitors. Expanded coverage includes additional end-user industry breakdowns and in-depth producer profiles.
Prior to COVID-19, the global market for Light Detection and Ranging was anticipated to grow from US$ XX million in 2020 to US$ XX million by 2026; it is expected to grow at a CAGR of xx% during 2021–2026, whereas post-COVID-19 scenario, the market for Light Detection and Ranging is projected to grow from US$ XX million in 2020 (a change by ~XX% compared to market estimated for 2020 before the outbreak of COVID-19) to US$ XX billion by 2026; it is expected to grow at a CAGR of XX% during 2021–2026.
This report covers market size and forecasts of Light Detection and Ranging, including the following market information:
Global Light Detection and Ranging Market Size, 2019-2021, and 2020 (quarterly data), (US$ Million)
Global Light Detection and Ranging Market Size by Type and by Application, 2019-2021, and 2020 (quarterly data), (US$ Million)
Global Light Detection and Ranging Market Size by Region (and Key Countries), 2019-2021, and 2020 (quarterly data), (US$ Million)
Global Light Detection and Ranging Market Size by Company, 2019- 2020 (quarterly data), (US$ Million)
Key market players
Major competitors identified in this market include Leica Geosystems, Trimble, Teledyne Optech, Riegl, Topcon, Velodyne LiDAR, 3D Laser Mapping, IGI, Sure Star, etc.
Based on the Region:
Asia-Pacific (China, Japan, South Korea, India and ASEAN)
North America (US and Canada)
Europe (Germany, France, UK and Italy)
Rest of World (Latin America, Middle East & Africa)
Based on the Type:
Short Range LIDAR
Based on the Application:
Defence and Aerospace