Light Detection and Ranging (LiDAR) Market Emerging Trends, Industry Share, Regional Overview and Analysis

ByPraj Nene

The global light detection and ranging (LiDAR) market size was USD 1.32 billion in 2018 and is expected to hit USD 6.71 billion by 2026, exhibiting a CAGR of 22.7% during the estimated period. LiDAR is used in a wide range of applications including geomorphology, atmospheric physics, archaeology, geomatics, airborne laser swath mapping, and others.

This information has been furnished by Fortune Business Insights™ in its research report, titled “Light Detection and Ranging (LiDAR) Market, 2019-2026”.

Segments:

Solid-State LiDAR to Register Substantial Growth Owing to Flexibility of Deployment Across Various Sectors

Based on type, the market is categorized into solid-state and mechanical LiDAR systems. Of these, the solid-state LiDAR segment is anticipated to record a commendable CAGR over the estimated period. The solution does not need any moving parts for functioning and is fabricated on a silicon chip, which favors its adoption across various sectors. Based on region, the industry is fragmented into Europe, Asia Pacific, North America, Latin America, and the Middle East & Africa.

List of Key Players Mentioned in the Report:

  • Teledyne Technologies
  • FARO Technologies, Inc.
  • SICK AG
  • Beijing SureStar Technology Co. Ltd.
  • Trimble Inc.
  • YellowScan
  • HEXAGON
  • RIEGL Laser Measurement Systems GmbH

Browse Detailed Summary of Research Report with TOC:

https://www.fortunebusinessinsights.com/light-detection-and-ranging-lidar-market-101969