Asia-Pacific LiDAR Market is Expected to Grow at a CAGR of 38.2%

Date: 2015-07-22

“The term ‘LiDAR’, an acronym for ‘Light Detection and Ranging’, has been derived from the blend of Light and Radar. LiDAR technology had been first deployed in military and research segments after the concept was introduced in the 1960s. LiDAR systems send out laser pulses at the object/area to be mapped, and collects data by recording the pulses reflected by/from the object. In certain instances, as many as 100,000 such pulses are sent out every second. The Asia-Pacific LiDAR market is expected to grow at a CAGR of 38.2% during the forecast period of 2014 to 2019.

Early light detection and ranging systems were very bulky, and thus, they were very expensive to operate. In the last two decades, technological progress has brought the size of a LiDAR system down to a point where light detection and ranging, as a technology, has become a very accurate and affordable solution. The advancements in the GPS and inertial navigation unit technologies have also propelled the market further.

The report also gives detailed profiles of the top companies of the Asia-Pacific LiDAR market. In addition to the company profiles, the report provides a competitive landscape of the market. The competitive landscape covers market share analysis, mergers & acquisitions, collaborations, partnerships, new product developments, and other key growth strategies adopted by the leading players to accelerate their growth in the Asia-Pacific LiDAR market.

The major companies covered in the report are Leica Geosystems (U.S.), Optech Incorporated (Canada), and Trimble Navigation Limited (U.S.), among others.

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