Friday, 20 March 2015

Steady growth of Terrestrial LIDAR system to boost the revenue for Global LIDAR Market

Allied Market Research published a report titled “Global LIDAR Market (Product type, Applications, Component, End-User and Geography) - Size, Share, Global Trends, Company Profiles, Demand, Insights, Segmentation and Forecast, 2013 – 2020.” The report is a useful tool to for investors and companies to analyze the market trends and implement the strategies accordingly.

As per the report, the global LIDAR market would attain a market size of 624.9 million with a CAGR of 16.3 % during the period 2014 – 2020.

Presentation of Light Detection and Ranging (LIDAR) frameworks have made the examination, mapping, and discovery of objects efficient than ordinary equipment. Utilization of laser light gives precise and exact information in brief time. LIDAR frameworks are utilized over customary studying techniques because of their capacity to give profoundly exact information and 3D pictures in a shorter time.

Terrestrial LIDAR is expected to grow steadily during the estimated period due to its efficiency and accuracy. “Terrestrial LIDAR is alternatively known as ground-based LIDAR system. Terrestrial Light Detection and Ranging (LIDAR) is a land based laser scanner integrated with a highly accurate GPS system. This LIDAR possesses a unique ability to produce 3D images of the land at coastal areas and other places,” states AMR analyst.

As per the report, static LIDAR system is the only revenue generating segment for Terrestrial LIDAR.

“North American region is the largest revenue-generating region amongst others and would remain the largest revenue-generating region over the forecasted period. The growth of Asia-pacific region is observed due to increasing awareness about the LIDAR systems in construction areas where terrestrial LiDAR s are required,” AMR analyst stated.