Global LIDAR Market 2016-2022: North America Dominated the $389.35 Million Market Due to the Increased Adoption of 3D Imagery Services by the US Government

Dublin, April 25, 2017 -- Research and Markets has announced the addition of the "Global LIDAR market - By Product, Service and Software, Application, Regions - Market Size, Demand Forecasts, Industry Trends and Updates (2016-2022)" report to their offering.

The global LIDAR market was USD 389.35 Million in 2016 and is estimated to reach USD 943.23 Million, at a CAGR of 15.89%, by 2022.

North America held the largest market share in the year 2016. This was due to the increased adoption of 3D imagery services by the US government. Europe closely followed by the North American market due to technological advancements in areas such as corridor mapping, military, transportation etc. This trend is expected to remain the same in the forecasted period with APAC leading the market growth rate due to heavy spending in military and defense.

The LIDAR helps in forestry management and planning, flood modelling, pollution modelling, transport planning, coastline planning, urban management, oil and gas exploration and imaging among a multitude of usages.

Increasing utility of direct visualization and automated door modelling are some of the major drivers driving the market. Increased speed of acquisition, improved handling of sensing devices, and greater accuracy are some of the key drivers for the lower cost mapping systems. Also, growing environmental concerns and heightened homeland security requirements are some of the other drivers. Escalating needs of imagery and critical mapping especially in the government and defense sectors is expected to boost the growth. Also since transportation, defense and the military sectors which use the technology at the core are expected to witness a high growth thus benefitting the industry.

Major restraint for the growth of the market is the high cost and expenses in the survey application. For many years now, LIDAR is perceived as a high cost device by the customers, though its prices have reduced significantly. Also, the lack of knowledge among customers because of negligence is another hindrance to the market.

The market is consolidated with the presence of multiple manufacturers offering the product in the organized sector. Strategic partnerships and acquisitions have been used for business expansions by organizations.

Key Topics Covered:

1. Research Methodology
Executive Summary

2. Market Overview
Definition
Value chain analysis
Porter's 5 Forces
Regulations

3. Market Dynamics
Introduction
Drivers
Constraints
Opportunities

4. Global LIDAR Segmentation, Forecasts and Trends - by Revenue

5. By Product
Aerial
Ground based

6. By Service and Software
Data Processing
Aerial Surveying
Asset Management
GIS Service
Ground based Surveying
Mapping and Modeling
Others

7. By Application
Corridor Mapping
Engineering
Environment
ADAS
Exploration
Urban Planning
Cartography
Meteorology
Others

8. By Region
North America
US
Canada
Europe
UK
France
Spain
Italy
Others
Asia Pacific
China
India
Japan
Australia
Others
Latin America
Brazil
Argentina
Mexico
Others
Middle East and Africa
United Arab Emirates
Egypt
Saudi Arabia
South Africa
Others

9. Vendor Market Share Analysis

10. Company Profiles
Leica Geosystems AG
Faro Technology
Quantum Spatial
Topcon Positioning Systems, Inc.
Geodigital
Trimble Navigation Limited
Optech Inc.
Michael Baker International
Geokno India Pvt. Ltd.
Riegl Laser Measurement Systems GmbH
Sick AG
Velodyne LiDAR, Inc.
Blom
Yellowscan
Others

11. Industry Structure
Industry M&As, Consolidations
Investment Opportunities
Global LIDAR Market- Road Ahead

For more information about this report visit http://www.researchandmarkets.com/research/65gplk/global_lidar

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