LiDAR in Construction Market Growth Analysis & Forecast Report | 2023-2030

1
LiDAR in Construction Market Regional Trend
Growth Forecast To 2030
2

• Industry Insights

• As per a recent research report, Global LiDAR in
  Construction Market share is likely to surpass
  USD 1.5 billion valuation by 2030
• LiDAR is undergoing a revolutionary
  transformation over the recent years, bringing
  transparency, visibility, and efficacy to a
  numerous industries and sectors that influence
  most of human lives every day. One of these
  sectors is the construction industry.
• It would be credible to note that LiDAR is
  rapidly becoming a vital technology for
  construction firms worldwide. In 2021, Hitachi
  Construction Machinery announced investment in
  Baraja- the next-generation LiDAR sensor firm- to
  develop autonomous mining. Barajas LiDAR sensors
  are more reliable and higher performance sensors
  that enable the safe rollout of autonomous
  vehicles sooner.

3

• It is worth mentioning that LiDAR technology can
  streamline construction projects by enhancing the
  productivity of processes and teams. For
  construction personnel, the LiDAR approach offers
  the ability to create 3-dimensional models of
  existing space and develop digital plans on those
  spaces. It can also be implemented to evaluate
  prefabricated materials, making it far simpler to
  engage in different construction process like
  reducing costs, driving efficiency, and allowing
  architectural designs to be pushed beyond its
  limits.
• Such breakthrough developments by different
  companies are likely to present new growth
  opportunities for LiDAR in construction market
  expansion through 2030. Some of the other recent
  advancements include
• 1. Mississippi Department of Transportations use
  of LiDAR technology for road construction
  projects
• In 2022, the Mississippi Department of
  Transportation purchased LiDAR drones to add to
  LiDAR-equipped vehicles to map out road
  construction projects in the state. The drones
  would enable MDOT workers to perform activities
  in the field much accurately and faster than
  conventional measuring tools. It will also
  enhance safety for workers, thus reducing the
  time spent on working in or near moving traffic.

4

• Regional Analysis

In March 2022, Ouster Inc.- an American LiDAR
technology firm, collaborated with TACTICAWARE to
unveil their joint security solution. Dubbed the
Ouster X Accur8vision, the product is developed
to monitor and protect infrastructure from
growing prevalence of natural disasters. It has
been reported that the launch would enable Ouster
to supplement existing security systems by adding
a layer of perception that can be utilized to
detect potential threats proactively over the
forthcoming years.

• Competitive Analysis

• Cepton, Beijing SureStar Technology Co. Ltd.,
  Continental AG, Firmatek, FARO Technologies,
  Inc., Genesys International Corporation Limited,
  GeoSLAM, Geokno, Hexagon AB (Leica Geosystem),
  Outster Inc., NV5 Inc

5
Mobile Wallet Market_at_ https//www.gminsights.com/i
ndustry-analysis/mobile-wallet-market
Request for sample of this research report _at_
https//www.gminsights.com/request-sample/detail/2
653
Request for customization https//www.gminsights.
com/roc/2653
6
Stay In Touch Social Media
7
THANK YOU
www.gminsights.com