LiDAR Market Anticipated to Grow at a CAGR of 23.0% during 2016-2024

New York, USA, 2018-Dec-06 — /EPR Network/ —

According to Goldstein Research, LiDAR Market size is expected to reach USD 5.7 billion by 2024, growing at a CAGR of 23.0% over the forecast period 2016-2024. Increasing exploration activities in oil & gas and metals & mining industries are propelling the need for accurate and remote sensing data with advanced analytics technology and thus driving the growth of global LiDAR market.  LiDAR Market segmentation has been done on the basis of components, product type, services, applications, end user and geography. Based on application, the corridor mapping segment holds 37.5% market share of total LIDAR market and is projected to dominate the LiDAR market during the forecast period.

Global LiDAR market is largely dominated by North America with a market share of 40.0% in 2016. Moreover, APAC tends to grow at the highest CAGR of 22.5% over the forecast period.

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Market Segmentation

On the basis of our in-depth analysis, Global LiDAR Market can be segmented as follows:

Based on Components

  • Laser
  • Scanner
  • GPS Receiver
  • Inertial Navigation System
  • Micro Electro Mechanical System

Based on Product Type

  • Ground Based LiDAR
  • Aerial LiDAR
  • Unmanned Aerial Vehicle(UAV) LiDAR

Based on Services

  • Aerial Surveying Services
  • Ground-Based Surveying Services
  • Geographic Information System (GIS) Services
  • Asset Management Services

Based on Applications

  • Corridor Mapping
  • Seismology
  • Exploration and Detection
  • Cartography
  • Meteorology
  • Engineering
  • Driving Assistance
  • Other Application ( Environment, Urban Planning)

Based on End-User

  • Aerospace & Defense
  • Civil Engineering
  • Archaeology
  • Forestry and Agriculture
  • Mining
  • Automotive

By Region

  • North America LiDAR Market Analysis, 2016-2024
  • Europe LiDAR Market Analysis, 2016-2024
  • The Middle East And Africa LiDAR Market Analysis, 2016-2024
  • Latin America LiDAR Market Analysis, 2016-2024
  • Asia Pacific LiDAR Market Analysis, 2016-2024
  • Rest Of The World LiDAR Market Analysis, 2016-2024


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“Global LiDAR Market Outlook 2024” contains a detailed overview of the global LiDAR market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by components, product type, services, applications, end user and geography.

The Global LiDAR Market Report highlights the competitive outlook of major global players that includes the business strategies, product portfolio, revenue distribution, financial analysis, R&D activities, and investments. The in-depth analysis of LiDAR market report will help the clients to assess their business strategies as per the competitive environment in the market space.

Major players of the global LiDAR market discussed in the report are: AutonomouStuff, Blom, Faro Technologies, Geokno India Pvt, Geodigital, Leica Geosystems, Michael Baker International, Mira Solutions, Quantum Spatial, Riegl, Sick AG, Teledyne Optech Inc., Topcon Positioning Systems Inc, Trimble Navigation Limited, Velodyne LIDAR, Quanergy Systems Inc., Airborne Hydrography AB, 3D Laser Mapping,etc.

Further, Global LiDAR Market Report encompasses the major trends & growth opportunities, market dynamics, and other growth factors. The LiDAR Market outlook also comprises of key challenges for the market players, risk analysis, SWOT Analysis, BPS analysis, and Market Attractiveness. The report also includes the expert analysis which provides a complete overview of the market post analysis of the economic, political, environmental & social factors of each region and country.

LiDAR Market is growing on the basis of advancement in mentioned below industruies:

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