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.
In 2017, the global Light Detection and Ranging market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2018-2025.
This report focuses on the global Light Detection and Ranging status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Light Detection and Ranging development in United States, Europe and China.
The key players covered in this study
Avent Lidar Technology
Market segment by Type, the product can be split into
Short Range LIDAR
Market segment by Application, split into
Defence and Aerospace
Market segment by Regions/Countries, this report covers
Central & South America
The study objectives of this report are:
To analyze global Light Detection and Ranging status, future forecast, growth opportunity, key market and key players.
To present the Light Detection and Ranging development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Light Detection and Ranging are as follows:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.