LIDAR Market by Product, Application, Component, Services & Geography - Global Forecast to 2022 - Rise in Encouragement from Governments & Institutes for the Adoption of LiDAR - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "LIDAR Market by Product, Application, Component, Services, and Geography - Global Forecast to 2022" report to their offering.

'The market was valued at USD 1,429.7 million in 2016 and is expected to reach USD 5,204.8 million by 2022, at a CAGR of 25.8% between 2017 and 2022. The major factors which drive the market are a rise in encouragement from the governments and institutes for the adoption of LiDAR, increasing application of LiDAR in engineering projects, and technological superiority of LiDAR technology.

ADAS and driverless car application segment is expected to show remarkable growth during the forecast period. This growth can be attributed to the growing investment in the automotive industry for autonomous or driverless cars and increasing use of solid-state LiDAR in automotive applications for advanced driver assistance systems (ADAS).

The market for solid-state segment is expected to grow at the highest rate during the forecast period. Increasing investment in ADAS and driverless cars is a major factor driving the market for solid-state LiDAR. Increasing application of solid-state LiDAR in the automotive industry is accelerating the speed of its development. Solid-state LiDAR systems are used to analyze and scan the environment; they make 3D images and process these images to perform controlling functions for driverless cars. Moreover, in ADAS application, they assist the driver in the driving process, ensuring safety and better driving.

Companies Mentioned

  • Beijing Beike Technology Co., Ltd (Isurestar)
  • Faro Technologies
  • Geokno India Pvt. Ltd.
  • Innoluce BV, an Infineon Company
  • Innoviz Technologies Ltd
  • Leddartech
  • Leica Geosystems
  • Quanergy Systems, Inc.
  • Quantum Spatial (Aerometric, Inc.)
  • Riegl Laser Measurement Systems Gmbh
  • Sick AG
  • Startup Ecosystem
  • Teledyne Optech Inc.
  • Trimble Inc.
  • Velodyne Lidar, Inc.
  • Yellowscan

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trend

7 LIDAR Market, By Component

8 LIDAR Market, By Product

9 LIDAR Market, By Application

10 LIDAR Market, By Service

11 Geographical Analysis

12 Competitive Landscape

13 Company Profile

14 Appendix

For more information about this report visit http://www.researchandmarkets.com/research/3lpc2r/lidar_market_by

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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For GMT Office Hours Call +353-1-416-8900
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Related Topics: Lasers

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Lasers