[143 Pages Report] LiDAR market categorizes the global market by product as aerial, ground-based and UAV LiDAR, by component, by application, by services & by geography.

Pune, India -- (SBWire) -- 04/11/2016 --The LiDAR market was valued at 1.39 Billion in 2016 and is expected to reach USD 3.22 Billion by 2022, at a CAGR of 12.4% from 2016 to 2022. The base year used for the study is 2015 and the forecast period is from 2016 to 2022. This report provides a detailed analysis of the LiDAR market based on product, component, service, application, and region. It has been estimated that the ground-based segment would hold the largest share of the LiDAR market among all product types.

The ground-based segment held the largest market share. Mobile LiDAR systems are mounted on a mobile platform, preferably on a terrestrial vehicle. The advantage of being mounted on a vehicle is that it enables LiDAR to scan large areas accessible by road. The automotive sector is emerging as an application for mobile sensors and the number of premium cars equipped with advanced driver assistance systems (ADAS) is rising each year. This is expected to further boost the mobile LiDAR systems market.

Browse 67 tables and 52 figures spread through 143 Pages and in-depth TOC on "LiDAR Market - Global Forecast to 2022"

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UAV LiDAR is expected to grow at the highest CAGR

In the LiDAR market by product, UAV segment is estimated to grow at the highest CAGR during the forecast period. The increasing adoption of UAV for various applications such as media and entertainment, precision farming, and many other commercial applications is reason for the high growth of UAV LiDAR segment.

The corridor mapping application held the largest market share

Corridor mapping application accounted for largest share in 2015. The growth is attributed to the data generated from these surveys that can be used to build three-dimensional (3D) elevation models of the earth's surface. Infrastructure development is further expected to increase in coming years, which will lead to increased use of LiDAR. These benefits drive the market in the corridor mapping application.

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APAC expected to grow at the highest CAGR during the forecast period

APAC market is expected to grow at the highest CAGR between 2016 and 2022. The growth is attributed to increasing industrialization and urbanization in the region. In addition, the government initiatives to increase the adoption and awareness among consumer regarding the benefits of LiDAR are also among the key factors responsible for the growth of the market.

Major players operating in this market are Quantum Spatial (Aerometric) (U.S.), Faro Technology (U.S.), Geodigital (Canada), Leica Geosystems AG (Switzerland), Optech, Inc. (Canada), Reigl Laser Measurement Systems GmbH (Austria), Topcon Positioning Systems, Inc. (U.S.), Trimble Navigation Limited (U.S.), Sick AG (Germany), Velodyne (U.S.), BLOM (Norway), Michael Baker International (U.S.), and YellowScan (France).

This research report categorizes the global LiDAR market based on component, product, service & software, application, and region. It describes the drivers, restraints, opportunities, and challenges with respect to the LiDAR market. The Porter's five forces analysis has been included in the report with a description of each of its forces and their respective impact on the market.

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