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The LiDAR market is segmented by Component (GPS, Laser Scanners, Inertial Measurement Units, and Other Components), Product (Aerial LiDAR and Ground-based LiDAR), End-user Industry (Engineering, Automotive, Industrial, Aerospace and Defense, and Other End-user Industries), and Geography.
Fastest Growing Market:
The lidar market was valued at USD 2.25 billion in 2019, and it is expected to reach a value of USD 4.61 billion by 2025 at a CAGR of 12.76%, during the forecast period (2020 - 2025).
LIDAR, which stands for light detection and ranging, is a remote sensing method that uses light in the form of a pulsed laser to measure ranges (variable distances) to the Earth. Advancements in laser scanning, GPS, and bandwidth have allowed for new lidar applications, such as mobile lidar known for mobile laser scanning (MLS), which is used for mapping, engineering, and self-driving applications.
|Global Positioning System|
|Inertial Measurement Unit|
|By End-user Industry|
|Aerospace and Defense|
|Other End-user Industries|
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The lidar market is fragmented, due to many large and small players churning the competition in the market. Through product and technology launch, strategic partnership, acquisition, expansion, and collaboration, these players try to gain a competitive edge in the market. Key players in the market are Sick AG, Teledyne Optech, Velodyne LiDAR, 3D Laser Mapping Ltd, etc.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Fast Paced Developments Due to Increasing Application of Drones
4.3.2 Adoption in Government Sector Applications
4.3.3 Increased Adoption of Lidar in the Automotive Sector
4.4 Market Restraints
4.4.1 High Cost of LiDAR Systems and Integrated Components
4.5 Value Chain Analysis
4.6 Industry Attractiveness - Porter's Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Product
5.1.1 Aerial LiDAR
5.1.2 Ground-based LiDAR
5.2 By Component
5.2.1 Global Positioning System
5.2.2 Laser Scanner
5.2.3 Inertial Measurement Unit
5.2.4 Other Components
5.3 By End-user Industry
5.3.4 Aerospace and Defense
5.3.5 Other End-user Industries
5.4.1 North America
22.214.171.124 United States
126.96.36.199 United Kingdom
188.8.131.52 Rest of Europe
184.108.40.206 South Korea
220.127.116.11 Rest of Asia-Pacific
5.4.4 Rest of the World
18.104.22.168 Latin America
22.214.171.124 Middle-East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Sick AG
6.1.2 Teledyne Optech
6.1.3 Velodyne LiDAR
6.1.4 Quanergy Systems Inc.
6.1.5 Quantum Spatial Inc.
6.1.6 3D Laser Mapping Ltd
6.1.7 Faro Technology Inc.
6.1.8 Leica Geoystems AG
6.1.9 RIEGL Laser Measurement Systems GmbH
6.1.10 Topcon Positioning Systems Inc.
6.1.11 Trimble Navigation Ltd
6.1.12 Denso Corporation
6.1.13 Innoviz Technologies Ltd
6.1.14 Neptec Technologies Corp.
6.1.15 Phantom Intelligence Inc.
7. INVESTMENT OUTLOOK
8. MARKET OPPORTUNITIES AND FUTURE TRENDS