Home News Business Europe LiDAR Market Growing at 12.2% CAGR to 2019

Europe LiDAR Market Growing at 12.2% CAGR to 2019

The European LiDAR market is expected to grow with a CAGR of 12.2% from 2014 to 2019, according to a report by RnRMarketResearch.

Initially, light detection and ranging systems were considered to be very bulky, hence they were quite expensive. Recent advancements made in the LiDAR technological process have revamped the size of a LiDAR system down to a point, wherein LiDAR technology has become an accurate and affordable solution. Therefore, advancement in the GPS and inertial navigation unit has resulted in propelling the growth of the LiDAR market in Europe.

Europe LiDAR Market report segments the market on the basis of product, application, and geography. The geographical analysis contains an in-depth classification of major countries covered in the report, such as Germany, U.K., France, and Italy among others. The study also presents a comprehensive overview of varied market dynamics, such as drivers, restraints, upcoming challenges, and opportunities impacting the market.

Source: RnRMarketResearch