Global Light Detection and Ranging Market Size, Status and Forecast 2022

Light detection and ranging (LiDAR) is an advanced position detection technique. It is used in measurement of accurate and precise positions of physical objects. In LiDAR technology, a guided laser beam is used to locate the accurate position of an object to the scanner of the LiDAR system.
Lack of awareness about the benefits of LIDAR coupled with inadequate knowledge about the working of LIDAR among the inexpert consumers is acting as one of the major restrains for the global LIDAR market. Moreover, the high initial setup cost of LIDAR system is hindering the wide acceptance of LIDAR system in cost sensitive markets of Asia-Pacific.North America is the largest market of LiDAR followed by Europe and Asia-Pacific. The market dominance of North America is attributed to wide use of LiDAR system in commercial and defence aviation sectors. Asia-Pacific is the fasted growing market of LiDAR system, owing to the increasing demand of the LiDAR system from the civil construction and mining industries. Also, the increasing defence budget of developing countries, such as China and India, is further boosting the market of LiDAR system in this region.

Market Analysis and Insights: Global Light Detection and Ranging Market
In 2021, the global Light Detection and Ranging market size will be US$ million and it is expected to reach US$ million by the end of 2027, with a CAGR of % during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Light Detection and Ranging market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Light Detection and Ranging market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Light Detection and Ranging market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Light Detection and Ranging market.

Global Light Detection and Ranging Scope and Market Size
Light Detection and Ranging market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Light Detection and Ranging market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
Airborne LIDAR
Terrestrial LIDAR
Mobile LIDAR
Short Range LIDAR

Segment by Application
Government
Civil Engineering
Military
Defence and Aerospace
Corridor Mapping
Topographical Surveys
Volumetric Mapping
Others

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

By Company
Leica Geosystems
Trimble
Teledyne Optech
Riegl
Topcon
Velodyne LiDAR
3D Laser Mapping
IGI
Sure Star