Lidar Technology Market Research Report and Global Industry Analysis

The LiDAR technology market is anticipated as growing market with the increasing requirement for 3-dimension imagery in various end-use segments. Noticeable drop in prices of LiDAR is also expected to spur the market growth. Due to competitive benefits in terms of light dependency and high accuracy, LiDAR technology has replaced photogrammetry technology which is anticipated as one of the prominent LiDAR technology market drivers. Emerging environmental unease and increased homeland security needs are expected to impact the growth of the LiDAR technology market positively over the forecast period. Growing requirements for critical and imaginary mapping statistics in government and defense sector is projected to drive the global LiDAR technology market. Environmental purposes such as fisheries monitoring, near surface soil substance, wetlands remediation and vegetation health are also expected offer the key opportunities to fuel the market growth in coming years.
Encouragement by governments & institutes for the adoption of LiDAR, engineering projects of large magnitude, automation in LiDAR systems leading to increased efficiency and reduced human effort and technological superiority of LiDAR are prominent drivers of the LiDAR technology market. However, lack of awareness and customer education and high expense of surveying using LiDAR systems are expected to hamper the market growth. An automotive sector presents new opportunities for LiDAR technology market growth in coming five years. Environmental constraints against the use of LiDAR technology are going to challenge the global LiDAR technology market.

Browse Detail Report @

Product insights

LiDAR products are categorized in to airborne, mobile, terrestrial and limited (short) range. Airborne LiDAR products have contributed significant market growth over the past decade. Technological advancements are projected to enhance the...