LiDAR Market with COVID-19 Impact Analysis, Component, Range, and Geography - Global Forecast to 2025

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MarketsandMarkets Presents
LiDAR Market by Type (Mechanical, Solid-state),
Installation Type, Service (Aerial Surveying, GIS
services), Application (Corridor Mapping,
Environment, Engineering, ADAS Driverless
Cars), Component, Range, and Geography - Global
Forecast to 2025 The LiDAR Market size is
projected to reach USD 2.8 billion by 2025 from
an estimated USD 1.1 billion in 2020, at a CAGR
of 20.7 from 2020 to 2025
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MarketsandMarkets Presents
Ground-based LiDAR segment to lead LiDAR market
during forecast period Ground-based LiDAR is
expected to dominate the LiDAR market, by
installation type. Ground-based LiDAR is adopted
widely in applications such as environment,
meteorology, corridor mapping, and ADAS
driverless cars, among others. Ground-based LiDAR
systems cost less and have less stringent
approval criteria for mapping and surveying
applications, which leads to the larger size of
these systems in the market. Download PDF
Brochure _at_ https//www.marketsandmarkets.com/pdfdo
wnloadNew.asp?id1261 By range, medium range
projected to register highest CAGR between 2020
and 2025 Medium-range LiDAR is used to detect
objects in the range of 200500 m. This LiDAR is
used in engineering, mapping, environment, and
exploration applications. Medium-range LiDAR is
used where precision and cost-effectiveness are
the primary concerns.
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MarketsandMarkets Presents
By region, Asia Pacific LiDAR market estimated to
grow at highest CAGR throughout forecast
period The LiDAR market in the APAC region is
expected to grow at the highest CAGR during the
forecast period. The growth of this market can be
attributed to the increase in surveying and
mapping operations due to increasing
infrastructural development, rising focus on
forest management, and growing mining activities
in the region. The increasing applications of
airborne and ground-based LiDAR systems and the
growing number of surveying and mapping
activities in the region are anticipated to drive
the demand for LiDAR in APAC.
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MarketsandMarkets Presents
Some of the key players in the LiDAR
market. Leica Geosystems AG (Sweden), Trimble,
Inc. (US), Teledyne Optech (Canada), FARO
Technologies, Inc. (US), RIEGL Laser Measurement
Systems GmbH (Austria), Sick AG (Germany), Quantum
Spatial (US), Beijing SureStar Technology Co.
Ltd. (China), Velodyne Lidar, Inc. (US),
and YellowScan (France)
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MarketsandMarkets Presents
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