LiDAR market in Europe to grow at 20% CAGR from 2019 to 2025 - PowerPoint PPT Presentation

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LiDAR market in Europe to grow at 20% CAGR from 2019 to 2025

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Some of the players in the LiDAR market are Beijing Surestar Technology, Geodigital, Leica Geosystems, Michael Baker International, Ouster, Teledyne Optech, Topcon Positioning Systems – PowerPoint PPT presentation

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Title: LiDAR market in Europe to grow at 20% CAGR from 2019 to 2025


1
LiDAR market to grow at 35 CAGR from 2019 to
2025 Global Market Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
2
Overview of LiDAR Market
  • The Europe LiDAR market is expected to grow at a
    CAGR of over 20 over the projected time period
    due to the increasing use of advanced LiDAR
    solutions on various engineering projects on a
    large scale. Another factor that has acted as a
    catalyst in the usage of LiDAR solutions is the
    rising use of UAVs for various recreational
    commercial purposes. There has been an upsurge in
    the number of supportive government initiatives,
    encouraging enterprises to invest on LiDAR-based
    research along with the adoption of the LiDAR
    technology for numerous public sector
    applications such as flood relief and management.
  • There has been a rise in the demand for 3D
    imaging solutions due to the increasing
    development of smart city projects and its
    expanding civil engineering manufacturing
    applications. The existing traditional 3D imaging
    technologies, such as radar, cannot detect small
    objects, preventing its usage in high-precision
    applications. The LiDAR technology uses shorter
    wavelengths that allow it to detect miniscule
    objects with high degree of accuracy while
    developing an exact 3D monochromatic model of the
    object. This characteristic has opened an entire
    new paradigm of possibilities to solve complex
    tasks, specifically in factory automation,
    robotics, and manufacturing sectors, encouraging
    companies to use LiDAR solutions due to their
    ability to solve various complex problems while
    simultaneously developing high-precision 3D
    models.

3
Continue
  • The LiDAR solutions are increasingly used in UAVs
    to produce high-resolution digital surfaces and
    terrain elevation models for numerous business
    applications. Historically, enterprises used a
    distinct personalized component for every
    application. With the advent of the LiDAR
    technology, companies are using LiDAR devices
    mounted on UAVs, which serve as a multifunctional
    3D mapping system. This further reduces the
    overall size production cost of manufacturing
    the entire UAV assembly, making LiDAR a viable
    affordable alternative for building inexpensive
    UAVs.
  • The bathymetric LiDAR market is projected to grow
    a CAGR of over 30 over the forecast timeline.
    The changing climatic conditions in coastal
    areas, rising sea levels, and the increasing
    severity of extreme natural events have renewed
    the focus toward better understanding of
    coastlines. The bathymetric measurement systems
    survey near shore land and sea surface areas to
    help identify potential risks in coastal regions.
    It serves a cost-effective and efficient
    technology solution for simultaneously capturing
    both land and sea data to develop a detailed
    elevation model along coastlines. The
    technological advancement in the bathymetric
    LiDAR market landscape is also augmenting its
    adoption. Aircraft are using multiple sensors,
    which are designed to provide an integrated
    360-degree view over large areas, faster
    throughput, enhanced reflection calibration
    between flight lines, and enhanced point density.
    The advances in cloud computing and big data
    processing have driving its usage in long
    duration surveying mapping applications.

4

Browse Full Research Report On LiDAR Market
_at_ https//bit.ly/2WstlbE Request for a
sample of this research report _at_
https//bit.ly/2hiOscs gminsights.com/request-to
c/upcoming/1797
5
U.S. LiDAR
Market Revenue, By Product, 2018 2025
6
Continue
  • The mechanical LiDAR market is anticipated to
    register a growth rate of over 32 during the
    forecast timeline. This is attributed to the
    widespread demand for mechanical LiDAR devices in
    driverless cars. The companies operating in the
    automotive sector are exploring new ways to drive
    the price of manufacturing mechanical LiDAR
    systems. The solid-state technology is yet to be
    commercialized and is still in the development
    phase. A large number of RD activities are
    expected to drive the innovations in the
    solid-state LiDAR market.
  • The environment LiDAR market is expected to
    register a growth rate of over 32 during the
    projected time period. The LiDAR technology
    provides real-time data for numerous geoscience
    applications to develop accurate
    high-resolution maps and 3D models. The
    technology has been used to study the ecosystem
    of various wildlife species including different
    types of birds, insects, and animals. It is used
    to measure the vertical density of forest canopy
    to monitor forest fires and identify certain
    forest areas that enhance the productivity of
    wood quality. The LiDAR technology helps plan and
    manage a forest while increasing environmental
    quality.

7
Continue
  • The players in the market are building
    partnerships with other LiDAR companies to
    strengthen their position in the market. For
    instance, In June 2018, Innoviz joined forces
    with HiRain Technologies to develop new
    advanced versions of solid-state LiDAR devices
    for China-based auto manufacturers. The companies
    are also focusing on fundraising activities to
    expand their operations globally. For instance,
    in November 2018, AEye, a start-up based in the
    U.S., raised USD 40 million in series B funding
    round to scale its operations.
  • Some of the players in the LiDAR market are
    Beijing Surestar Technology, Geodigital, Leica
    Geosystems, Michael Baker International, Ouster,
    Teledyne Optech, Topcon Positioning Systems,
    Quantum Spatial, Velodyne LiDAR, Yellowscan,
    Trimble, Valeo, Riegl Laser Measurement Systems,
    Quanergy Systems, Innoviz Technologies,
    Leddartech, Geokno, and Faro Technologies.

8
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