U.S.-based
market research firm Transparency Market Research (TMR) announces the
release of a new market study. The light detection and ranging, or
LiDAR, market is the subject of TMR’s new research report, wherein
the market is examined from all perspectives and conclusions drawn
from expert analysis of reliable data are presented for the benefit
of market stakeholders. The report is titled ‘LiDAR Market - Global
Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 -
2020’.The historical value of the global LiDAR market, taken in the
base year 2013, was US$225 million. The market is expected to ride
the rising wave of acceptance of LiDAR technology to expand to
US$605.5 million by 2020. If said figures hold true, the market will
achieve a CAGR in excess of 15% from 2014 to 2020.
Browse
the full LiDAR Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2014 - 2020 report at
http://www.transparencymarketresearch.com/lidar-market.html
The
report uses primary and secondary information to size up the global
LiDAR market. The data, gathered from company reports,
industry-specific publications, et al, is then analyzed using trusted
analytical tools such as Porter’s five forces analysis and market
attractiveness analysis, and SWOT analysis. Thus, the dynamics
between the buyers and sellers, branded and substitute products, and
established and new entrants into the market are profiled in detail.
This provides a comprehensive understanding of the global LiDAR
market to established and prospective market players, in order to
establish and expand their own niche in the market.The prime growth
driver for the global LiDAR market, as found by TMR experts, is the
supreme sophistication it offers in terms of refinement in mapping.
This is a huge improvement over all conventional and presently used
mapping technologies. Like any new technology, the LiDAR market is
set for phenomenal growth, having overcome the primary hurdles of
gaining the attention of the powers that be.
Demand
for high-grade 3D mapping is high consumer, commercial, and
government applications at present. The impending large-scale
replacement of conventional mapping by LiDAR mapping technologies
will boost the global LiDAR market in the forecast period.According
to technology type, the LiDAR market is divided into aerial and
terrestrial LiDAR, of which aerial LiDAR mapping took up a larger
share of the overall market in 2013; the higher efficiency offered by
aerial mapping is responsible for this.By application, coastal LiDAR
accounted for the largest share of the global LiDAR market. Uses of
LiDAR in coastal applications include ocean floor mapping and coastal
habitat mapping. Other major applications taking up a major share in
the global LiDAR market include forestry, transportation,
infrastructure, flood mapping, transmission lines, defense and
aerospace, and other minor applications such as mining and
hydrography.
Browse
the full Press Release:
North
America leads the geographical segmentation of the global LiDAR
market, just about holding the Europe market at bay. In the forecast
period, the latter is expected to gain prominence, eroding the North
America market’s dominance over the global market.The report
details historical and projected statistics for all these segments of
the LiDAR market, providing an all-encompassing view of the market.
Request
a Sample of this Report :
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2345
About
Us
Transparency
Market Research (TMR) is a global market intelligence company
providing business information reports and services. The company’s
exclusive blend of quantitative forecasting and trend analysis
provides forward-looking insight for thousands of decision makers.
TMR’s experienced team of analysts, researchers, and consultants
use proprietary data sources and various tools and techniques to
gather and analyze information.
TMR’s
data repository is continuously updated and revised by a team of
research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
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