Middle East and Africa LiDAR Market is Estimated to Reach $32.1 Million in 2019 - New Report by MicroMarket Monitor

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Huge projects in terms of revenue for LiDAR as compared to substitute technologies to drive the Middle East and Africa market. http://www.micromarketmonitor.com/market/middle-east-and-africa-lidar-7016488228.html

MicroMarket Monitor

MicroMarket Monitor

LiDAR as a technology has become a highly accurate and affordable solution for navigation.

The Middle East and Africa LiDAR market report defines and segments the concerned market for LiDAR with analysis and forecast of revenue. The market for LiDAR in the Middle East and Africa is estimated to grow from $10.3 million in 2014 to $32.1 million by 2019 at a CAGR of 25.5% during the forecast period. The Middle East dominated the market for LiDAR in the Middle East and Africa region, with a market share of 79.6% in 2014.

Browse through the TOC of Middle East and Africa LiDAR Market for an analysis of industry trends and segments, with the help of various tables and figures

LiDAR is a detection or active remote sensing and digital imaging system similar to RADAR, but uses light instead of radio waves. Typical LiDAR equipment mainly consists of LiDAR sensors, and computing devices which process the collected data. The use of global positioning systems (GPS) and inertial navigation unit (INU) technologies, especially in airborne LiDAR applications, has opened up new avenues for LiDAR technology as a whole. The Airborne LiDAR market is estimated to grow at a CAGR of 13.2% from 2014 to 2019.

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LiDAR systems, due to their innovative technologies, are able to map large areas accurately. Unlike other static scanning techniques, most LiDAR projects are very huge in terms of both revenue and size of the area/topography mapped. This has attracted many players towards the LiDAR market. Many players from related sectors such as photogrammetry and geographic information system (GIS) providers have shifted into the LiDAR equipment market. Players in component manufacturing markets for LiDAR equipment have also entered from other digital imaging technology markets. Apart from these, new applications like coastal and forestry topography mapping are gradually developing, with more innovative research being conducted in these fields.

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This report includes the market share and value chain analyses, and also provides revenue forecast and trends in the market. The sections and sub-segments in the report analyze the drivers, restraints, opportunities, current market trends, and the technologies that are expected to revolutionize the LiDAR domain.

Related Report:

Europe LiDAR Market
Europe LiDAR Market report covers drivers, restraints, challenges, and opportunities impacting the LiDAR market. Reduction in prices of LiDAR devices that has helped in increasing the applicability of these equipment across varied industry verticals, which has become one of the key driving factors of this market.

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