Market Research Analysis Wind Lidar Market - Industry Analysis, Size, Share | Page 2

rising environmental concerns coupled with increasing fluctuation in the raw material prices coupled with rising initial
setup technology cost has enabled the market to witness hindered growth over the next eight years.
The market is segmented by component into GPS, navigation, data storage & management systems, and laser
Scanners. The Airborne GPS segment accounted for a major market share in 2015 and it is expected to report similar
trend over the forecast period owing to growing demand from wind and defense sector. The data storage &
management systems segment is anticipated to witness the fastest growth over the next eight years owing to
increasing demand from industries such as aerospace, transportation, and mining. The wind LiDAR market is highly
competitive primarily to the presence of several domestic and international suppliers. Though, the sector has the
presence of various new players, who face difficulty in competing with other major companies in terms of
functionalities, features, quality, and services. Over the forecast period, the growing new product development
activities coupled with increasing adoption of new technologies for achieving operational efficiency has enabled the
competition to become more aggressive. On a contrary, few major players through continuous R&D endeavors coupled
with growing expertise knowledge in the industry have enabled them to witness competitive edge, thus propelling the
overall growth of the sector over the next eight years.
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North America and Europe are anticipated to witness major market share over the forecast period owing to the
growing technological advancements and increasing adoption from defense sector for topographical mapping. Asia
Pacific is anticipated to account for fastest growth over the forecast period primarily due to the growing adoptions of
wind LiDAR from forestry, agricultural and transportation sectors. India, China, and Japan are anticipated to witness
the highest share in the region majorly owing to the rising disposable income coupled with growing foreign
investments. The Middle East & Africa is projected to see significant growth by 2020 mainly owing to increasing
urbanization, industrialization, and globalization. The sector has huge potential in this region primarily owing to rising
per capita income and foreign investments.
Key players in the market include Airborne Hydrography AB, Aerometric, Faro Technology, Firmatek, and 3D Laser
Mapping. Few other companies in the market include Avent Technology, Airborne Imaging Inc., Intermap Technologies
Corp., Digital world Mapping, Optech Incorporated, Mosaic 3D, and Reign USA. The market is highly consolidated
having more than 40% market share by top five companies. The major companies generally tend to collaborate with
smaller companies to increase market share and thus gaining competitive advantage. The market players through
continuous R&D endeavors focus on building a wide distribution network that supports the overall market to report
significant growth over the forecast period. Companies through strategic expansions and mergers & acquisitions have
been trying to cater large volume of customers with products that are cost-effective and high quality.
Market Segment:
The major manufacturers covered in this report