LiDAR Market by Services and Geography Global Forecast to 2022

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MarketsandMarkets Presents
LiDAR Market by Product , Component, Application
, Services and Geography - Global Forecast to
2022 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 to 2022.
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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. Sample
pages of the Report http//www.marketsandmarkets
.com/requestsample.asp?id1261  The vendor
offerings were also taken into consideration to
determine the market segmentation. The bottom-up
procedure was employed to arrive at the overall
market size of the global LiDAR market from the
revenue of key players in the market. After
arriving at the overall market size, the total
market was split into several segments and
subsegments which are then verified through the
primary research by conducting extensive
interviews with key people such as CEOs, VPs,
directors, and executives. 
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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 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 earths surface. 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 Report Information
http//www.marketsandmarkets.com/Market-Reports/l
idar-market-1261.html Key players operating in
the 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)
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