North America Light Detection and Ranging (LiDAR) Market, By Technology (2D LiDAR, 3D LiDAR, 4D LiDAR), Component (Laser Scanners, Navigation, MEMS, GPS GNSS Receiver, Camera), Type (Mechanical, Solid-state), Product (Aerial, Terrestrial, Mobile, Short Range), Application (Corridor Mapping, Engineering, Environment, ADAS and Driverless Cars, Exploration, Others), End User (Defense, Civil Engineering, Archaelogy, Forestry and Agriculture, Mining, Transportation), Country (U.S., Mexico, Canada) Industry Trends and Forecast to 2029
Market Analysis and Insights : North America Light Detection and Ranging (LiDAR) Market
Data Bridge Market Research analyses the North America light detection and ranging (LiDAR) market will exhibit a CAGR of 24.81% for the forecast period of 2022-2029 and is expected to reach the USD 3,080.88 million by 2029.
Light detection and ranging (LiDAR) are remote sensing processes that use a pulsed laser to absorb light and analyse distances to the Earth. These light pulses combine with data collected by an airborne device to produce three-dimensional exact data about the Earth's structure.
The upsurge in the adoption rate of LiDAR systems among UAVs and growing demand for 3D imaging technology will cushion the market growth. Furthermore, the rise in the adoption of aerial LiDAR systems for exploring and detecting places and historic details, high need of LiDAR in engineering and construction applications and emergence of 4D LiDAR will positively impact the market growth rate. Other significant factors such as growing adoption of LiDAR in environmental and government applications and introduction of solid- state LiDAR technology will enhance the growth of light detection and ranging (LiDAR) market.
Moreover, the rising investments in LiDAR start-ups automotive giants and advancement of better geospatial solutions using sensor fusion will create beneficial opportunities for the growth of the market.
However, high cost associated with LiDAR services and less availability geospatial data will hamper the growth of light detection and ranging (LiDAR) market. The easy availability of low-cost as well as lightweight photogrammetry systems and safety threats involved with UAVs and autonomous cars will further challenge the growth of the market.
This North America light detection and ranging (LiDAR) market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on North America light detection and ranging (LiDAR) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
North America Light Detection and Ranging (LiDAR) Market Scope and Market Size
North America light detection and ranging (LiDAR) market is segmented on the basis of technology, component, type, product, application and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of technology, the light detection and ranging (LiDAR) market is segmented into 2D LiDAR, 3D LiDAR, and 4D LiDAR.
- The light detection and ranging (LiDAR) market on the basis of component is segmented into laser, navigation, camera, GPS GNSS receiver, and MEMS.
- On the basis of type, the light detection and ranging (LiDAR) market is segmented into mechanical and solid-state.
- Based on product, the light detection and ranging (LiDAR) market is segmented into terrestrial, aerial, mobile, and short range. Aerial LiDAR segmented is further sub-segmented into unmanned aerial vehicle (Uav), aircraft and satellite.
- On the basis of application, the light detection and ranging (LiDAR) market is segmented into corridor mapping, engineering, environment, ADAS and driverless cars, exploration, and others.
- The light detection and ranging (LiDAR) market is segmented on the basis of end user into defense, civil engineering, archaelogy, forestry and agriculture, mining, and transportation.
North America Light Detection and Ranging (LiDAR) Market Country Level Analysis
North America light detection and ranging (LiDAR) market is analysed and market size, volume information is provided by country, technology, component, type, product, application and end user as referenced above.
The countries covered in the North America light detection and ranging (LiDAR) market report are U.S., Canada and Mexico.
U.S. dominates the North America light detection and ranging (LiDAR) market and will continue to flourish its trend of dominance during the forecast period due to the presence of major key players, technological advancement and rising expansion of automotive sector in this region.
The country section of North America light detection and ranging (LiDAR) market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and North America Light Detection and Ranging (LiDAR) Market Share Analysis
North America light detection and ranging (LiDAR) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to North America light detection and ranging (LiDAR) market.
Some of the major players operating in the North America light detection and ranging (LiDAR) market are HOKUYO AUTOMATIC CO., LTD, SICK AG, Velodyne Lidar Inc., NV5 Global, Inc., Quanergy Systems Inc., Phoenix LiDAR Systems, Airborne Imagining, FARO, GeoDigital, and Leica Geosystems AG, among others.
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