Americas LiDAR Market Forecast 2019–2025
- Domain: ICT - Social, Mobile, Analytics & Cloud (SMAC)
Light detection and ranging (LiDAR) is a remote sensing system that uses visible or near-infrared laser energy to measure the distance between an object and sensor. LiDAR system emits focused intense beam of laser light and measures two-way travel time of a laser pulse (i.e., a system to object and the reflected light from the object to the sensor). Further, the information is used to compute distances/ranges to objects. LiDAR is an active remote sensing technology that emits pulses of light (laser beams) and detects the reflected light. LiDAR is an efficient system for identifying objects, often used as imaging sensors for two-dimensional (2D) imaging (similar to the traditional passive electro-optical sensor) or 3D imaging (range is measured in each pixel/voxel).
Market Dynamics – Americas LiDAR Market
Organizations operating in areas such as geospatial and location intelligence are increasingly focusing on integrating LiDAR technology with their remote sensing systems to capture more detailed information about the images; this is one of the key factors contributing to the growth of the Americas LiDAR market. Growing investment in developing advanced MEMS-based LiDAR with the aim of improving performance and reducing cost is expected to propel the growth of the Americas LiDAR market.
LiDAR is deemed as the most efficient technology for advanced driver assistance systems (ADAS); rising interest in advanced vehicle safety solutions and increasing investment in commercializing autonomous vehicles are expected to accelerate the growth of the Americas LiDAR market during the forecast period. However, the high cost of LiDAR systems, when compared to other alternate technology such as RADAR, is identified as a restraint likely to deter the progression of the Americas LiDAR market during the forecast period.
Market Segmentation – Americas LiDAR Market
The Americas LiDAR market is segmented based on range, application, and country. Based on range, the Americas LiDAR market is segmented into short, medium, and large. Based on the application, the Americas LiDAR market is segmented into corridor mapping, engineering, environment, ADAS, and others.
Country-level Outlook – Americas LiDAR Market
In terms of country-wise analysis, the Americas LiDAR market is segmented into US and Canada. Among these countries, the US dominates the Americas LiDAR market and is expected to maintain its market dominance throughout the forecast period. This is mainly due to expanding Geographical Information Systems (GIS) applications and increasing preference for LiDAR technology for semi-autonomous and fully autonomous mobility.
Benefits and Vendors – Americas LiDAR Market
The study on the Americas LiDAR market contains an in-depth analysis of vendors, which includes financial health, business units, key business priorities, SWOT, strategies, and views, and competitive landscape. Few of the key players profiled in this study include Trimble, Velodyne Lidar, Inc., Faro Technologies, Luminar Technologies, Inc., LeddarTech Inc., Sense Photonics, Geodigital, Ouster, Inc., and Cepton.
The study offers a comprehensive analysis of the “Americas LiDAR market”. Bringing out the complete key insights of the industry, the report aims to provide an insight into the latest trends, current market scenario, and technologies related to the market. In addition, it helps the venture capitalists to understand the revenue opportunities across different segments to make better decisions.
- Executive Summary
- Industry Outlook
- Industry Overview
- Industry Trends
- Market Snapshot
- Total Addressable Market
- Segmented Addressable Market
- PEST Analysis
- Porter 5 (Five) Forces
- Related Market
- Market Characteristics
- Market Trends and Impact
- Market Segmentation
- Market Dynamics
- DRO – Impact Analysis
- Range: Market Size and Analysis
- Application: Market Size and Analysis
- Corridor Mapping
- Engineering and Communication
- Country: Market Size and Analysis
- Market Size and Analysis
- Competitive Landscape
- Competitive Analysis
- Product Offerings
- Market Developments
- Partnerships and Mergers & Acquisitions
- Product Launches & Expansions
- SWOT Analysis
- Vendor Profile
- Velodyne Lidar, Inc.
- Faro Technologies
- Luminar Technologies, Inc.
- LeddarTech, Inc.
- Sense Photonics
- Ouster, Inc.
- Neptec Technologies Corp.
- Report Scope
- Research Methodology
- Data Collation & In-house Estimation
- Market Triangulation
- Report Assumptions
Infoholic research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:
- Data Collation (Primary & Secondary)
- In-house Estimation (Based on proprietary data bases and Models)
- Market Triangulation
Market related information is congregated from both primary and secondary sources.
involved participants from all global stakeholders such as Solution providers, service providers, Industry associations, thought leaders etc. across levels such as CXOs, VPs and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.
include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications along with paid sources such as Factiva, OneSource, Bloomberg among others.