Global LiDAR Market Is Expected To Witness A High-growth

Date: 2016-01-06

Light Detection and Ranging (LiDAR) is an optical remote sensing technology that use laser light to examine surface on the earth to find variable distances on the earth. LiDAR is comparable to radar in certain aspects. The world’s LiDAR production value is about 303 million dollars in 2015 and expected to reach 670 billion dollars by 2020 growing at CAGR of 17%.

The systems of LiDAR include Laser, Inertial navigation system, Camera, Gps/Gnss receiver, Micro Electro Mechanical System (MEMS). The leading companies in LiDAR industry are Optech, Trimble Navigation, Faro Technologies, Leica Geosystems, Riegl Laser Measurement Systems, Mitsubishi Electric, A & P INSTRUMENT, Velodyne Lidar, etc. Optech is the largest LiDAR system manufacturer with production velue of nearly 37 million dollars followed by Trimble Navigation, Faro Technologies and Leica Geosystems.
Figure 2015 Global Key Company LiDAR Production Market share
North American is the largest LiDAR production region, with LiDAR production value of over 147million dollars in 2015, 46% of world’s total LiDAR products and followed by Europe and Asian. 
Figure LiDAR Market Share by Regions

Applications of LiDAR are Corridor mapping, Seismology, Exploration and detection, etc. Corridor mapping is the major application of LiDAR, followed by Exploration and detection.

Figure LiDAR Market Share by Applications

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