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LiDAR Market worth $1,809.5 million by 2023 with a growing CAGR of 17.2%

LiDAR Market Research Report Analysis and Forecast to 2023. Identify the New Revenue Sources and the Known and Unknown Adjacencies Impacting the LiDAR Market

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LiDAR Market worth $1,809.5 million by 2023 with a growing CAGR of 17.2%

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  1. MarketsandMarkets Presents LiDAR Market by Type (Mechanical LiDAR and Solid-State LiDAR), Installation (Airborne and Ground-Based), Application (Corridor Mapping, ADAS & Driverless Car, and Engineering), Range, Component, Service, and Geography - Global Forecast to 2023 The LiDAR market is expected to reach USD 1,809.5 Million by 2023 from USD 819.1 Million by 2018, at a CAGR of 17.2% during the forecast period.

  2. MarketsandMarkets Presents Major players operating in this market are Teledyne Optech (Canada), Leica Geosystems (Switzerland), Reigl Laser Measurement Systems (Austria), Trimble (US), Faro Technologies (US), Quantum Spatial (Aerometric) (US), Velodyne LiDAR (US), Beijing Surestar Technology (Isurestar) (China), Geokno (India), Sick AG (Germany). Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1261 The objectives of the report includes forecast of the LiDAR market size in terms of value for type (Mechanical LiDAR and Solid-State LiDAR), Installation (Airborne and Ground-Based), Application (Corridor Mapping, ADAS & Driverless Car, and Engineering), Range, Component, Service, and Geography.

  3. MarketsandMarkets Presents The market for Solid-State LiDAR to grow at the highest CAGR during 2018–2023 The market for Solid-State LiDAR is expected to grow at the highest CAGR during the forecast period. The higher CAGR of the market for solid-state LiDAR during the forecast period is attributed to the increasing range of applications of this type in the automotive and robotics industries.TheseLiDAR systems can also be installed in economy cars due to their low costs. By Installation Ground-based LiDAR to grow at the highest rate during forecast period. On the basis of installation, ground-based LiDAR expected to grow with the highest CAGR during forecast period. The ground-based LiDAR systems are used in the applications including small area scanning, corridor mapping, volumetric mapping, and defense area surveying.

  4. MarketsandMarkets Presents North America to hold a major share of the LiDAR market in 2018 North America is expected to dominate the LiDAR during the forecast period. This growth can be attributed to the supportive government initiatives and increasing utilization of LiDAR systems by various institutes for various applications, such as corridor mapping, forestry, environmental, and exploration, along with some of the emerging applications including advanced driver assistance systems (ADAS) and urban planning.   The growing awareness regarding the benefits of LiDAR systems, which include easy functionality, better quality, less complexity, and improved features, can also be the driving factors for the growth of the LiDAR market in the US. Read More @ https://www.marketsandmarkets.com/PressReleases/lidar.asp

  5. MarketsandMarkets Presents About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

  6. MarketsandMarkets Presents MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact:Mr. Shelly SinghMarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 

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