The European LiDAR Market is Estimated to Reach $146.53 Million by 2020 - A Report by MicroMarket Monitor

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The European LiDAR market report defines and segments the LiDAR market in Europe with analysis and forecast of revenue. This market was valued at $91.86 million in 2014, and is expected to reach $146.53 million by 2018, at a CAGR of 12.2% during the forecast period.

MicroMarket Monitor

MicroMarket Monitor

Key players in the European LiDAR market include Faro Technology, Intermap Technologies, Saab, Trimble Navigation Limited, Optech Inc., AeroMetric, Airborne Hydrography AB (AHAB).

European LiDAR market was valued at $91.86 million in 2014, and is expected to reach $146.53 million by 2018, at a CAGR of 12.2% during the forecast period.

Browse through the TOC of European LiDAR market for an analysis of industry trends, segments & forecasts.

This market is segmented on the basis of product, application, and geography. The product segment of this market comprises airborne LiDAR, terrestrial LiDAR, mobile LiDAR, and short range LiDAR. According to the application, the market is segmented into public sector/service, military, building/infrastructure, corridor mapping, volumetric mapping, and topographic surveys.

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With respect to geographical segmentation, the European Lidar market is categorized into varied countries, such as the U.K., Germany, France, Italy, and the Netherlands. In Europe, LiDAR is currently one of the most advanced and accurate methods among the commercially available digital mapping techniques. This growth is mainly attributed to the fact that the penetration rate of LiDAR devices in varied industry verticals in Europe is considered to be the highest.

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Some of the major advantages that LiDAR has over the other substitute technologies include better safety, 24x7 data collection ability, and speed among others. LiDAR is more accurate than most of the other digital mapping techniques available today. As the cost of LiDAR services is eventually decreasing, LiDAR is gaining popularity as the preferred choice for high speed accurate digital surveying and mapping. Thus, it can be concluded that the LiDAR eco-system in Europe is much more evolved and well-established as compared to the other regions.

This report also includes market share and value chain analysis, along with market metrics, such as drivers and restraints. In addition, the report also highlights competitive landscape and company profiles of key players in the market.

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