Global LiDAR Market Size By Component, By Type, By Installation, By Range, By Service, By Application, By Geographic Scope And Forecast

Report Highlights

LiDAR Market Size And Forecast

LiDAR Market was valued at USD 1060.4 Million in 2019 and is projected to reachUSD 3007.85 Million by 2027,growing at aCAGR of 16.52% from 2020 to 2027.

The LiDAR Market report provides a holistic evaluation of the market for the forecast period. The report comprises of various segments as well an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics, involves the drivers, restraints, opportunities and challenges through which the impact of these factors in the market are outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The LiDAR Market study provides an outlook on the development of market in terms of revenue throughout the prognosis period.

Global LiDAR Market Overview

Wide range of applications such as urban planning, environment, corridor mapping and advanced driver-assistance system and driverless cars is expected to fuel the growth of LiDAR Market. LiDAR technology offers fast acquisition and processing, high accuracy, canopy penetration, high data density and low human dependency thus; benefits provided by LiDAR are accelerating the growth of LiDAR Market. In addition, rise in demand for 3D imaging across various verticals and increasing adoption of the aerial LiDAR technology to explore and detect places and historic details are boosting the growth of LiDAR Market.

This report provides an all-inclusive environment of the analysis for the LiDAR Market. The market estimates provided in the report are the result of in-depth secondary research, primary interviews and in-house expert reviews. These market estimates have been considered by studying the impact of various social, political and economic factors along with the current market dynamics affecting the LiDAR Market growth.

Along with the market overview, which comprises of the market dynamics the chapter includes a Porter’s Five Forces analysis which explains the five forces: namely buyers bargaining power, suppliers bargaining power, threat of new entrants, threat of substitutes, and degree of competition in the LiDAR Market. It explains the various participants, such as system integrators, intermediaries and end-users within the ecosystem of the market. The report also focuses on the competitive landscape of the LiDAR Market.