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<strong>Light</strong> <strong>Detection</strong> <strong>and</strong> <strong>Ranging</strong> (LIDAR)<br />
<strong>Market</strong> Size, Share, Growth Opportunities,<br />
Challenges <strong>and</strong> Dem<strong>and</strong> Forecast to 2023<br />
<strong>Light</strong> detection <strong>and</strong> ranging (LiDAR) is an advanced position detection technique. It<br />
is used in measurement of accurate <strong>and</strong> precise positions of physical objects. In<br />
LiDAR technology, a guided laser beam is used to locate the accurate position of an<br />
object to the scanner of the LiDAR system.<br />
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Based on product type, the <strong>Light</strong> detection <strong>and</strong> ranging market is segmented as<br />
airborne LIDAR, terrestrial LIDAR, mobile LIDAR, <strong>and</strong> short range LIDAR. On the<br />
basis of applications, the market is segmented as government, civil engineering,<br />
military, defence, <strong>and</strong> aerospace, corridor mapping, topographical surveys,<br />
volumetric mapping, <strong>and</strong> other applications. Based on components of LIDAR, the<br />
market can be segmented as inertial navigation system, laser diode, GPS/GNSS<br />
receiver, camera, mems mirror <strong>and</strong> others.<br />
One of the predominant drivers of the global LIDAR market particularly in civil<br />
engineering <strong>and</strong> aviation applications is performance benefits offered by LIDAR<br />
system over photogrammetric or survey methods. The surge in infrastructural<br />
projects in developing countries such as China, Brazil, <strong>and</strong> India is also boosting the<br />
global LiDAR market.<br />
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The growing application of light detection <strong>and</strong> ranging (LiDAR) based mobile<br />
mapping technology in civil survey <strong>and</strong> construction industry is expected to provide<br />
new market opportunity for the LiDAR market during the forecasted period.<br />
North America is the largest market of LiDAR followed by Europe <strong>and</strong> Asia-Pacific.<br />
The market dominance of North America is attributed to wide use of LiDAR system<br />
in commercial <strong>and</strong> defence aviation sectors. Asia-Pacific is the fasted growing market<br />
of LiDAR system, owing to the increasing dem<strong>and</strong> of the LiDAR system from the civil<br />
construction <strong>and</strong> mining industries. Also, the increasing defence budget of<br />
developing countries, such as China <strong>and</strong> India, is further boosting the market of<br />
LiDAR system in this region.<br />
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Some of the major competitors in the global LiDAR market are Airborne<br />
Hydrography Ab, Digitalworld Mapping, Trimble Navigation Limited, Aerometric,<br />
Firmatek, IGI MBH, Leica Geosystems, Optech, Raymetrics, <strong>and</strong> Avent Lidar<br />
Technology.