‘LiDAR’ is an acronym for ‘Light Detection and Ranging’. It is a measurement, surveying and mapping system similar to radar that uses laser pulses instead of radio waves. The ability of Light Detection and Ranging is to collect vast amounts of data which makes it a highly accurate as compared to other digital surveying and mapping technologies. With the rapid development of the Global Positioning System (GPS) and Inertial Navigation Unit (INU) technologies, LiDAR has become a commercially feasible technology since the last decade.
The high cost of Light Detection and Ranging services was one of the main reasons for the stunted growth in the market from early 2000 to 2006. Since then, the adoption has been increasing; thus, bringing further advancements in technology, and reductions in the average selling price. The demand for this technology, especially, in the digital mapping sector, has picked up in the last five years due to the growing number of LiDAR service providers. The introduction of hand-held, low-cost LiDAR systems is expected to revolutionize the surveying industry in the coming five years.
The report segments the market on the basis of different components, applications, product types, and geographies. The components section shows the split up of the products market between the major components like lasers, scanners, cameras, and so on. The section also forecasts revenue and volumes along with the pricing analysis.
Key Topics Covered:
2 Executive Summary
3 LiDAR Market Overview
4 Market Segmentation, By Product Type
5 Market Segmentation, By Application
6 Market Segmentation, By Geography
7 Market Segmentation, By Component
8 Competitive Landscape
9 Company Profiles
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