NEW YORK, May 25, 2015 /PRNewswire/ -- The North American
LiDAR market is estimated to reach $225.8
million by 2019. Canada is
expected to grow at the highest Compound Annual Growth Rate (CAGR)
of 26.3% during the forecast period. In the last decade, as LiDAR
and related technologies have been developing, many potential
applications and use of LiDAR data in industries such as forestry,
state and local government, emergency response/disaster mitigation
and management, natural resources management, mining, oil and gas
exploration, urban mapping and development, telecommunications,
power supply, and others, have been discovered.
In this report, The North American LiDAR market has been broadly
classified into product type such as airborne LiDAR, terrestrial
LiDAR, mobile LiDAR, and short-range LiDAR. The short-range LiDAR
market segment is estimated to grow at the highest CAGR from 2014
to 2019.
Short-range LiDAR comprises the similar technology as that of other
LiDAR types; however, its applications vary. Many applications such
as building documentation, asset management, accident
reconstruction, crime scene analysis, simulation, reverse
engineering, and nondestructive testing do not need long-range
LiDAR systems.
Regionally, the U.S. is estimated to command the largest share in
the North America LiDAR market. The North America LiDAR market is
primarily driven by factors including automation in all steps of
processing. One of the biggest drivers for LiDAR systems in the
last decade has been the advent of industrial automation. The
growth has mainly been driven by the need for automation
compatibility in various segments and application sectors wherein
the LiDAR technology is used.
The North America LiDAR market is driven with a number of market
players with niche technologies. As of 2014, the North America key market players are Trimble
Navigation Limited, Optech, Velodyne LIDAR, Faro Technology, Inc.,
and Leica Geosystems. These companies are adopting new product
developments, partnerships, agreements, collaborations, and joint
ventures as their major strategies to achieve growth in the LiDAR
market.
Reasons to Buy the Report:
From an insight perspective, this research report has focused on
various levels of analysis such as industry analysis, market share
analysis of top players, company profiles, which together comprise
and discuss the basic views on the competitive landscape, emerging
and high-growth segments of the LiDAR market, high-growth regions
and countries and their respective regulatory policies, government
initiatives, drivers, restraints, and opportunities.
The report will enrich both established firms as well as new
entrants/smaller firms to gauge the pulse of the market, which in
turn will help the firms in garnering a greater market share. Firms
purchasing the report could use any one or combination of the
below-mentioned five strategies (market penetration, product
development/innovation, market development, market diversification,
and competitive assessment) for strengthening their market
share.
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on LiDAR offered by
the top 5 players in the LiDAR market
- Product Development/Innovation: Detailed insights on upcoming
technologies, R&D activities, and new product launches in the
LiDAR market
- Market Development: Comprehensive information about lucrative
emerging markets. The report analyzes the markets for various
LiDARs across geographies
- Market Diversification: Exhaustive information about new
products, untapped geographies, recent developments, and
investments in the LiDAR market
- Competitive Assessment: In-depth assessment of market shares,
strategies, products, and manufacturing capabilities of leading
players in the LiDAR market
Read the full report:
http://www.reportlinker.com/p02997444-summary/view-report.html
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