Civil Engineering applications would Propel the Global LiDAR Market Growth

25 Feb
2015

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Allied Market Research published a report titled "Global LiDAR Market - Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2013 – 2020."

The report expects the global LiDAR market to attain a market value of 624.9 million by the year 2020 with a CAGR of 16.3 % during the period 2014 – 2020. In terms of value, Corridor mapping applications of LiDAR accounted for about 50% of the overall market share. By 2020, Aerial LiDARs would generate about 50% of the global market revenue.

Aerial LiDAR would be the most preferred choice due to its varied applications in archaeology, forest land management and civil engineering. The applications of civil engineering would considerably push the market growth in the planning of infrastructure. There would be a significant rise in the transportation uses of LiDAR, chiefly for vehicle monitoring reasons.

Also, developing transportation applications, for example, driverless autos would start to pick up the by 2020. The innovation monsters such and Google and Apple are peering toward the driverless autos market. Case in point, Google as of late exhibited its first driverless auto. Taking after the pattern, in future there would be various players working in driverless auto market.

The corridor mapping applications without further ado are the real market drivers. For advanced age base arranging and calamity administration, corridor mapping is performed utilizing LiDAR innovation. The North American market is expected to lead the global the LiDAR market all through examination period. On the other hand, with climbing applications in structural building, safeguard and ranger service & horticulture, Asia-Pacific business sector would witness fast development.

The application of LiADRs in seismology would register a 30% CAGR during the forecast period. The Application of LiADRs in forest & agriculture would grow at a CAGR of 18.2% during 2014-2020.

Key companies profiled in the report are:

Avent LiDAR Technology
Intermap Technologies
Optech Inc.
Mira Solutions
Aeromatic
Firmatek
Leosphere
RIEGL Laser Measurement Systems.

Akhilesh Prabhugaonkar

Author's Bio- Akhilesh Prabhugaonkar holds a bachelor’s degree in Electronics Engineering from the reputed Vishwakarma Institute of Technology. He has a special interest in the fields of forensics, world history, international relations and foreign policy, sports, agriculture, astronomy, security, and oceanography. An ardent bibliophile and melophile, Akhilesh loves to write on topics of his interest and various other societal issues. This love for writing made him enter the professional world of content writing and pursue his career in this direction.

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