LiDAR Market Research and Forecast Report 2023-2028

1. Global LiDAR Market Research and Forecast Report 2023-2028 Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2019 IMARC All Rights Reserved

2. Report DescriptionAbout IMARC Group The International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

3. Report Description and Highlights Report Description Global LiDAR Market Research Report: The latest report by IMARC, titled “LiDAR Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” the global LiDAR market size reached US$ 2.2 Billion in 2022. Light detection and ranging (LiDAR) is a remote sensing technology that measures distances by emitting laser pulses and analyzing the light that is reflected. It measures the time taken by the light to travel to an object and back to the sensor. It is often equipped with a rotating mirror or a multi-beam laser scanner, which allows emission of laser pulses in multiple directions. Request Free Sample Report: https://www.imarcgroup.com/lidar-market/requestsample

4. Report Description and Highlights Report Description Global LiDAR Market Trends: There is a considerable rise in the use of LiDAR in autonomous vehicles (AVs) by providing real-time 3D mapping and object detection capabilities and perceiving their surroundings, detecting obstacles, and navigating safely. This, coupled with increasing sales of AVs and significant growth in the automotive industry, represents one of the key factors augmenting the market growth around the world. Moreover, the rising adoption of LiDAR in forestry management to assess forest inventory, measure tree heights, estimate biomass, and monitor vegetation health is favoring the growth of the market. In addition, the growing usage of LiDAR in geology and natural resource exploration to study landforms, geological features, and mineral deposits is influencing the market positively. Apart from this, the increasing construction of roads, bridges, and tunnels on account of rapid urbanization and rising investments in the development of smart cities are propelling the growth of the market. Furthermore, the growing adoption of LiDAR technology in the defense and aerospace sectors to improve the accuracy and sensitivity of remote sensing and surveillance systems is creating a favorable outlook for the market. Looking forward, the market value is projected to reach US$ 7.0 Billion by 2028, expanding at a CAGR of 20.9% during 2023-2028. Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).

5. Report Description and Highlights Report Description Market Summary: Installation Type Insights: • Airborne • Terrestrial Component Insights: • Laser Scanners • Navigation Systems • Global Positioning Systems • Others Application Insights: • Corridor Mapping • Engineering • Environment • Exploration • ADAS • Others

6. Report Description and Highlights Report Description Regional Insights: • North America • United States • Canada • Asia-Pacific • China • Japan • India • South Korea • Australia • Indonesia • Others • Europe • Germany • France • United Kingdom • Italy • Spain • Russia

7. Report Description and Highlights Report Description • Others • Latin America • Brazil • Mexico • Others • Middle East and Africa

8. Report Description and Highlights Report Description Competitive Landscape with Key Players: • • • • • • • • • • • • Faro Technologies Inc Innoviz Technologies Ltd. LeddarTech Inc. Leica Geosystems AG (Hexagon AB) NV5 Global Inc. Quanergy Systems Inc. RIEGL Laser Measurement Systems GmbH Sick AG Teledyne Technologies Inc Trimble Inc. Valeo Velodyne Lidar Inc. View Full Report with TOC & List of Figure: https://www.imarcgroup.com/lidar-market

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11. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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