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.
