North America LiDAR Market - By Technology (Rayleigh LiDAR, Mie LiDAR, Raman LiDAR, Fluorescence LiDAR), Application (Airborne LiDAR, Terrestrial LiDAR, Mobile LiDAR, Short Range LiDAR), Application, Industry, Geography, Trends, Forecast - (2017 - 2022)
The North America LiDAR market was estimated at USD 0.603 billion in 2016 and is projected to reach USD 1.046 billion by 2022, at a CAGR of 9.63% during the forecast period 2017-2022.
The major driving forces for the LiDAR market include increasing use of drones for multiple applications, potential in delivery and automation sectors leading organizations to invest in drone research, encouragement from the government sector in automation and adoption of LiDAR in various government sector activities like flood relief and management.
Miniaturization of hardware components means that the technology can now be adapted to new applications, even when it is airborne. The growth in research and development of self-driven cars in automotive sector beckons increasing use of LiDAR. Also, the growth of 3D printing market and increasing demand for 3D printed images are driving the market. The market is constrained by the relatively high cost of equipment and surveying applications, unawareness and lack of education when it comes to technology and the development of new and better structure from motion (SFM) technology as a competitor. North America, led by the US and Canada, is the most technologically superior market in the world. IT services and IT-based manufacturing, applications in civil engineering, rise of smart automation industry and need of LiDAR datasets to create innovative software like advanced game development are driving the market for LiDAR and LiDAR data across the continent. Being technologically advanced, they were the first ones to invest and develop drone technology and test it for various applications.
The LiDAR market is segmented by technology (rayleigh, mie, raman, and fluorescence); by application (airborne, terrestrial, mobile, and short range); by component (GPS, data storage and management, inertial navigation systems, laser scanner); and by end-user application (civil engineering, archeology, mining & forestry, military, corridor mapping and topographical survey).
The North America LiDAR market report includes competitive assessment of market players, profiles, products and services, business strategies, recent developments and innovation, market landscape, future trends and forecasts, and mergers & acquisitions. The major companies dominating this market for their products, services, and continuous product developments are: SICK AG Hokuyo Automatic Co Ltd. Velodyne LiDAR Quanergy Phoenix Aerial Systems 3D Laser Mapping Quantum Spatial Airborne Imaging Inc. Avent LiDAR Technology Faro Technology GeoDigital Leica GeoSystems AG
Key Deliverables in the Study
Market analysis for the North America LiDAR market, with region specific assessments and competition analysis on global and regional scales. Market definition along with the identification of key drivers and restraints. Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale. Extensively researched competitive landscape section with profiles of major companies along with their market shares.
Identification and analysis of the macro and micro factors that affect the North America LiDAR market on both global and regional scales. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information. A wide-ranging knowledge and insights into the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market. Insights into the major countries/regions in which this industry is growing and identifying the regions which are still untapped.
Published By: Mordor Intelligence
Published Date: Q1 2017