The
global LiDAR market had a value of US$225 million in 2013 and is
expected to be valued at US$605.5 million by 2020. The global LiDAR
market is forecast to grow at a 15% CAGR in the period between 2014
and 2020.
Growth
in demand for 3D imagery and 3D mapping in the recent past has
resulted in fast development of the global LiDAR market. At present,
the demand for 3D imagery is high in consumer, government, and
commercial applications. Orthodox mapping is being rapidly replaced
by LiDAR technology in many regions across the globe, thus boosting
the global LiDAR market.
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the full LiDAR Market Research Report at
Aerial
LiDAR in Coastal Application Leading the Global Market
The
global LiDAR market is segmented based on technology, application,
and regions. By technology, the global LiDAR market is divided into
two types, namely aerial and terrestrial. In 2013, aerial LiDAR
mapping grabbed a larger share of the global LiDAR market. By
application, the global LiDAR market was led by coastal LiDAR, which
includes applications such as coastal habitat mapping and ocean floor
mapping. Some other LiDAR applications that contributed to the growth
of the global market include forestry, infrastructure, transmission
lines, transportation, defense, and aerospace.
By
geography, the global LiDAR market is segmented into North America,
Asia Pacific, Europe, and Rest of the World. North America dominated
the global LiDAR market in 2013 thanks to high acceptance of 3D
imagery and 3D mapping technologies, especially in the U.S. Europe
emerged as the second largest regional market for LiDAR technologies
with a share only slightly lower than that of North America. A large
number of market players producing as well as adopting 3D imagery
technology are based in Europe.
Booming
3D Imagery Technology Leading to Growth of Global LiDAR Market
Key
market players are steadily coming up with innovations in 3D imagery,
thus boosting the global LiDAR market.
Magic
Leap, a startup in the United States, recently announced that they
will offer a platform for game developers, artists, and filmmakers to
use 3D imagery technology to showcase their creative vision. With
bigger plans, Magic Leap has put big money on 3D mapping and 3D
imagery technology.
The
Dania Beach Company, which specializes in new 3D imagery
technologies, is willing to welcome developers who have the potential
to utilize their SDK. Dania Beach Company is willing to spend US$592
million to build a 300,000 square foot manufacturing area in Florida
for its photonic light field chip. The photonic light field chip will
be responsible for powering the company’s enlarged reality headset,
which directly projects the display at a user’s eye, instead of on
a screen.
Browse
Press Release
Many
such advanced 3D imagery technologies being introduced by key market
players have boosted the development of the global LiDAR market. Some
of the leading participants of the global LiDAR market are Avent
Lidar Technology, FARO Technology Inc.n 3D Laser Mapping Ltd.,
Firmatek 3D Mapping Solutions LLC, Mosaic 3D, Leica Geosystems AG,
INtermap Technologies Corp., Optich Incorporated, DigitalWorld
Mapping Inc., and Aerometric Inc.
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