Global LiDAR Market to Observe Growth at 19.2% CAGR between 2014 and 2018 Owing to Technological Advancements : MarketResearchReports.Biz

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The global LiDAR market will grow at a tremendous CAGR of 19.2% between 2013 and 2018, largely due to technological advancements in the field.

LiDAR systems are technologically-advanced devices that generate spatial and precise information about objects by sensing the light reflected from its surface. Based on the principles of reflection of light from surfaces, LiDAR systems develop 3D maps of any space. A typical LiDAR system includes a laser beam to shed light onto a desired object and a sensor to absorb the reflected energy. The reflected light from the object’s surface is detected by the sensor and the time taken for the entire process (light emission, reflection, and sensing of reflected light) is measured.

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The overall setting of various devices in a typical LiDAR system generates data on any object in view or an object targeted by the system. The data thus gathered is used create a 3D map of the space/object and to calculate the distance to the object. LiDAR systems are similar to RADAR systems in operation with the major difference being the use of discrete pulses of laser radiations by LiDAR and radio waves by RADARs.

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The chief components of a LiDAR system include sensors, lasers, INS, and GPS systems.

The report segments the global LiDAR market according to the chief applications of LiDAR systems and key product types in the market. From a geographic standpoint, the report segments the market into Asia Pacific, the Americas, and the EMEA regions. The report presents a detailed study of the competitive landscape of the global LiDAR marketplace and forecasts growth prospects over the forecast period. A comprehensive discussion on financial and operational strategies of key vendors in the market is also included in the report.

The study bases its forecast on in-depth analysis of the market, undertaken according to a variety of industry-specific research aspects, primary and secondary research methodologies, and valuable inputs from industry experts. It helps the reader in easy identification of various factors affecting the overall macro-economic state of the global LiDAR market, and its current and future growth prospects. The report also gives a lengthy account of key positive and negative market trends, chief market drivers, restraints, and the major vendors operating in the marketplace.

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Some of the prominent businesses operating in the global LiDAR market are 3D Laser Mapping, Airborne Hydrography, Avent Lidar Technology, Aerometric, and DigitalWorld Mapping. Other prominent businesses operating in the market include Firmatek, Mosaic 3d, Faro Technologies, Airborne Imaging, RIEGL Laser Measurement Systems, Trimble Navigation, Optech, and Leica Geosystems.

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