LiDAR Market Trends 2014 To 2020 by Grand View Research, Inc.
Post on 08-Apr-2016
DESCRIPTIONLiDAR has proved as a preferred substitute to photogrammetry owing to its inherent characteristics such as improved automated processing ability and high accuracy. For More Information Visit - http://www.grandviewresearch.com/industry-analysis/lidar-light-detection-and-ranging-market
LiDAR Market Analysis, Market Size, Application
Analysis, Regional Outlook, Competitive Strategies And
Forecasts, 2014 To 2020
Growing demand for 3D imagery across several applications including civil
engineering, military & defense, topographical surveys, and corridor mapping is
expected to significantly drive the LiDAR market over the forecast period. A
projected reduction in LiDAR prices is expected to play a pivotal role in market
growth over the next six years. LiDAR has proved as a preferred substitute to
photogrammetry owing to its inherent characteristics such as improved
automated processing ability and high accuracy.
For More Information on "LiDAR Market Research Reports" visit -
3D airborne imaging, hyperspectral imaging, and multisensor intelligence
networks have been catalysts for the shift towards the systems. Increased
emphasis on homeland security and growing environmental concerns are
expected to fuel market growth over the forecast period.Growing need for
critical mapping data and 3D imagery in government and defense sectors is
expected to drive the market. Environmental applications such as fisheries
monitoring, near-surface soil content, vegetation health, and wetlands
remediation are expected to open up new market opportunities. Technological
advancements in GPS and inertial navigation systems coupled with automation
in LiDAR systems processing steps are expected to be a propellant force for
market growth. Effective data use in new application areas such as coastal
erosion, minefield mapping, and roadway corridor planning is expected to
favorably impact LiDAR market.
North America and Europe are expected to emerge as key regional markets due
to growing environmental concerns and high penetration of LiDAR devices
across several applications such as military and transportation. Asia Pacific is
expected to witness high growth on account of increased defense spending.
Leading players in the LiDAR market have focused on new component
development initiatives and establishment of wide distribution networks.
Mergers & acquisitions and strategic partnerships are expected to play a pivotal
role in business expansion. Key market participants include 3D Laser Mapping,
AeroMetric, Airborne Hydrography, FARO Technologies, and Firmatek.
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