Global LiDAR Market Driven by Demand for 3D Imagery Technology, to Touch US$605.5 Million at 15% CAGR by 2020

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.

Browse the full LiDAR Market Research Report at

http://www.transparencymarketresearch.com/lidar-market.html

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

http://www.transparencymarketresearch.com/pressrelease/lidar-market.htm

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.

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 global business information reports and services. Our exclusive blend of quantitative forecasting and trends 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.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

Mr. Atil Chaudhari

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: http://www.transparencymarketresearch.com

Global LiDAR Market Driven by Demand for 3D Imagery Technology, to Touch US$605.5 Million at 15% CAGR by 2020

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.

Browse the full LiDAR Market Research Report at

http://www.transparencymarketresearch.com/lidar-market.html

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

http://www.transparencymarketresearch.com/pressrelease/lidar-market.htm

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.

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 global business information reports and services. Our exclusive blend of quantitative forecasting and trends 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.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

Mr. Atil Chaudhari

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: http://www.transparencymarketresearch.com

Advantages over Conventional Mapping Drive Global LiDAR Market, Set to Grow at 15.3% CAGR

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:

http://www.transparencymarketresearch.com/pressrelease/lidar-market.htm

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.