DUBLIN--(BUSINESS WIRE)--The "Global LiDAR Market - Segmented by Component (GPS, Laser Scanners, IMUs, Others), Product (Aerial, Ground-based), End-user Industry, and Geography - Growth, Trends, and Forecasts (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
In 2017, the global LiDAR market was valued at USD 1.69 billion and is projected to reach a value of USD 3.455 billion by 2023, recording a CAGR of 12.66% during 2018-2023.
Research indicates that the revenue from the autonomous cars is anticipated to go beyond EUR 10 billion by 2020. LiDAR systems are expected to benefit from this growth, along with other intelligent devices as they are expected to assist in averting accidents. The growth of 3D printing market and the demand for 3D printed images are likely to offer potential opportunities for the LiDAR market. However, average LiDAR systems employed in autonomous cars cost around USD 60,000 to USD 80,000.
Across the globe, the automobile industry is flourishing. It is expected that the total number of vehicles in the world could double, to reach around 2.5 billion by 2050. LiDAR in automobiles are used in to perform functions like mapping, improved and advanced driver-assistance (ADAS), and enable fully self-driving vehicles. The LiDAR systems enable the avoidance of collisions, and thus, support the production and use of ADAS. When compared to traditional sensors, LiDAR functions better in the accurate profiling of static or dynamic objects that are impending over long distances. Also, it is less likely to provide missed or false alerts, making it much safer.
- Sick AG
- Optech Inc.
- Velodyne LiDAR
- Quanergy Systems Inc.
- Quantum Spatial Inc.
- 3D Laser Mapping Ltd
- Faro Technology Inc.
- GeoDigital International Corp
- Leica Geoystems AG
- Riegl Laser Measurement Systems GmbH
- Topcon Positioning Systems Inc.
- Trimble Navigation Ltd.
- Denso Corporation
- Novariant Inc.
- Robert Bosch GmbH
- Phantom Intelligence Inc.
Key Topics Covered:
2. Research Approach and Methodology
3. Market Insights
4. Market Dynamics
5. Global LiDAR Market Segmentation
6. Competitive Intelligence - Company Profiles
7. Investment Analysis
8. Future Of The Market
For more information about this report visit https://www.researchandmarkets.com/research/lwnqq7/global_lidar?w=4