The global LiDAR market is anticipated to grow at a considerable CAGR of around 15% during the forecast period. The market growth is attributed to the increasing demand for 3D imagery in various application areas, such as topographical surveys, civil engineering, and corridor mapping. Moreover, the presence of key players in the market further contributes to the growth of the global LiDAR industry. The players are continuously making efforts to remain competitive in the market. For instance:
· In June 2021, Trimble announced the addition of a geotechnical portfolio to its geospatial automated monitoring portfolio through collaboration with Worldsensing, a wireless connectivity technology provider and manufacturer of geotechnical IoT monitoring systems. The collaboration enables survey, geotechnical and structural engineers to seamlessly expand their monitoring business opportunities with a comprehensive solution that incorporates geotechnical and geospatial data.
· In November 2020, Lumentum Holdings Inc. acquired certain technology assets of TriLumina, including its patents and other intellectual property. TriLumina technology includes innovative flip-chip, back-emitting VCSEL arrays for use in a wide range of applications, including 3D sensing, automotive safety, and driver assistance systems and LiDAR, and other emerging applications.
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Market Coverage
· The market number available for – 2020-2027
· Base year- 2020
· Forecast period- 2020-2027
Segment Covered-
· By Product Type
· By Application
Regions Covered-
· North America
· Europe
· Asia-Pacific
· Rest of the World
Competitive Landscape- Faro Technologies Inc., Firmatek LLC, Ibeo Automotive Systems GmbH, Leica Geosystems Inc., Quanergy Systems, Inc, Trimble Inc., Velodyne Lidar, Inc., and Lumentum Holdings Inc.
Key Questions Addressed by the Report
· What is the market growth rate?
· Which segment and region dominate the market in the base year?
· Which segment and region will project the fastest growth in the market?
· How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
· Who is the leader in the market?
· How players are addressing challenges to sustain growth?
· Where is the investment opportunity?
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A full Report of Global LiDAR Market is Available at: https://www.omrglobal.com/industry-reports/lidar-market
Global LIDAR Market Report Segment
By Product Type
· Ground-Based
· Airborne LiDAR
· Spaceborne
By Application
· Surveying & Modeling
· Corridor Mapping
· Exploration & Detection
· ADAS
· Others
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
