Light Detection and Ranging Market: A Look at the Industry's Growth Drivers and Challenges

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Increasing adoption of LiDAR in engineering and construction applications is one of the major factors driving LiDAR market revenue growth

As part of Emergen Research's Global Light Detection and Ranging Market Research Report, key business details and extensive geographical spread of the Light Detection and Ranging industry have been analyzed. As well as a comprehensive qualitative and quantitative analysis, the study contains crucial statistics about the Light Detection and Ranging market. Also included are profiles of established and emerging players, including business overviews, product portfolios, strategic alliances, and business expansion strategies. The current COVID-19 pandemic is expected to have an effect on the growth of the Light Detection and Ranging industry, primarily as a result of movement restrictions and impact on supply and demand due to lockdowns. In the wake of the COVID-19 pandemic, several sectors of the global market have been affected, and Light Detection and Ranging will likely be among them. Economic slowdown and dynamic changes in demand will further hinder the growth of the sector. The report covers the impact analysis of the COVID-19 pandemic on the overall Light Detection and Ranging industry.

The global Light Detection and Ranging (LiDAR) market size was USD 1,821.3 Million in 2021 and is expected to register a revenue CAGR of 12.5% during the forecast period, according to latest analysis by Emergen Research. Rising adoption of LiDAR in Unmanned Aerial Vehicles (UAVs) and engineering and construction applications, increasing investments in Research Development (RD) activities,  and growing use of LiDAR to navigate hazardous or challenging terrain are some of the key factors driving market revenue growth.

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Market Overview:

The report bifurcates the Light Detection and Ranging market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

You need to discover how this will impact the Light Detection and Ranging market today, and over the next 10 years:

  • Our 250-page report provides 194 tables and 189 charts/graphs exclusively to you.
  • The report highlights key lucrative areas in the industry so you can target them – Now.
  • It contains in-depth analysis of global, regional and national sales and growth.
  • It highlights for you the key successful trends, changes and revenue projections made by your competitors.

Prominent Players Analyzed in the Report:

Teledyne Geospatial, Leica Geosystems AG, Trimble Inc., Xenomatrix, Riegl Laser Measurement Systems GmbH, Sick AG, SURESTAR, Yellowscan, and Valeo

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The report offers a comprehensive overview of the competitive landscape and covers company profiles, production and manufacturing capacity, product portfolio, expansion strategies, and business initiatives such as mergers and acquisitions, joint ventures, collaborations, partnerships, and product launches and brand promotions among others.

According to the regional analysis, the market is primarily spread over key geographical regions as follows:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Furthermore, the report divides the Light Detection and Ranging market into key segments and sub-segments to offer an analysis of the product type and application spectrum of the industry. It also offers predictions about the segments expected to show significant growth during the projected timeline.

Market Segmentations of the Light Detection and Ranging Market

This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Light Detection and Ranging market on the basis of product, application, and region:

Segments Covered in this report are:

  • Technology Outlook (Revenue, USD Million; 2019-2030)

    • 2D
    • 3D
    • 4D
  • Component Outlook (Revenue, USD Million; 2019-2030)

    • Laser scanner
    • Sensors
    • Navigation and Positioning Systems
    • Others
  • Type Outlook (Revenue, USD Million; 2019-2030)

    • Solid-state
    • Mechanical

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Competitive Terrain:

The global Light Detection and Ranging industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

Overview of the Light Detection and Ranging Market Report:

  • Introduction, Product Scope, Market Overview, and Opportunities
  • Analysis of the Manufacturers with sales, revenue, and price analysis
  • Comprehensive analysis of the competitive landscape
  • Extensive profiling of the key competitors along with their business strategies and market size
  • Regional analysis of the market along with sales, revenue, market share, and global position
  • Country-wise analysis of the market along with types, applications, and manufacturing
  • Strategic recommendations to established players as well as new entrants
  • In-depth analysis of the risks, restraints, and limitations in the Light Detection and Ranging industry

Thank you for reading our report. Please connect with us to know more about the report or the customization of the report. Our team will ensure the report is best suited to meet your requirements.

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