US: Market research firm TMR Research has recently published a report titled “LiDAR Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017–2025.” According to the report, the market is expected to register a promising CAGR over the period between 2017 and 2025 – the forecast period of the report.
LiDAR systems refer to the technologically advanced devices that generate spatial and precise information about objects, by sensing the light reflected from an object’s surface. Based on principles of reflection of light from surfaces, LiDAR systems develop 3D maps of any space. A typical LiDAR system includes a laser beam to shower light onto a desired object and a sensor to absorb the reflected energy.
The reflected light from the object’s surface is detected by the sensor and the time taken for process entire process (light emission, reflection, and sensing of reflected light) is measured. The overall setting of various devices in a typical LiDAR system generates precise and spatial data about any object in view or an object targeted by the system.
The data thus gathered is used create a 3D map of the space/object and to calculate the distance to the object. LiDAR systems are similar in operation to RADAR systems with the difference being the use of discrete pulses of laser radiations by LiDAR and radio waves by RADARs.
The report presents a thorough account of the past and present growth dynamics of the global LiDAR market. A thorough assessment of the key factors driving and restraining the market, the key trends of past and present times, regulatory scenario surrounding the market, and growth opportunities across key regional markets is included in the report.
The report segments the global LiDAR market according the chief applications of LiDAR systems and key product types in the market. From a geographic standpoint, the report examines growth opportunities across regions such as North America, Asia Pacific, Europe, Latin America, and Middle East and Africa.
The report presents a detailed study of competitive landscape of the global LiDAR market and forecasts growth prospects over the forecast period. A detailed discussion of finances and operational strategies of key vendors in the market is also included in the report.
The report bases its forecasts on in-depth analysis of the market, undertaken according to a variety of industry-specific research aspects, primary and secondary research methodologies, and valuable inputs from industry experts. The report helps the reader in easy identification of the various factors affecting the overall macro-economic state of the global LiDAR market, and its current and future growth prospects.
The report also presents a complete account of the competitive landscape of the global LiDAR market. A detailed account of the threats and opportunities faced by key market players, along with the strengths and weaknesses of these businesses is also discussed in the report.