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Topological surveys, and military & defense are projected to grow at a steady rate till 2024. Government
applications could increase owing to technological developments in forestry management, railways,
roadways, etc.
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Products comprise short range, airborne, mobile, and terrestrial. Terrestrial products held over 30% of the total
revenues in 2015. Their advantages include remote acquisition and measurement, and high point density data. Mobile
systems are foreseen to grow at a CAGR of over 24% in the next eight years. This attributes to surging demand for
accurate, high-resolution 3D geospatial data.
Components include
laser scanners, GPS (Global Positioning System), data storage & management,
navigation/IMU (Inertial Measurement Unit), and others. ‘Others’ consist of MEMS (Micro-Electro-Mechanical
Systems) mirror and cameras. IMU is expected to grow at a 23% CAGR through the forecast period.
North America, Europe, Asia Pacific, Latin America, and MEA (the Middle East & Africa) constitute the regional
segments of the LiDAR market. North America is poised to dominate by 2024. It could account for over 39% of
the market revenues that year. This is credited to widespread adoption of advanced 3D imaging technologies by
the U.S. government. Asia Pacific should grow owing to escalating spending on military & defense.
Key players in the global market include Aerometric Quantum Spatial, Airborne Hydrography AB, Reigl Laser
Measurement System GmBH, Michael Baker International, Lecia Geosystems AG. They focus on collaborations,
acquisitions, and product launches to gain market share.
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/communications-
infrastructure-industry
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