Terrestrial LiDAR Market Size, Growth & Statistics Report from 2023 to 2030
The global terrestrial LiDAR market is expected to witness a notable compound annual growth rate (CAGR) of approximately 10% during the forecast period spanning from 2023 to 2030. This growth is attributed to various driving factors, including advancements in LiDAR technology, a surging demand for 3D imaging solutions across diverse applications, heightened investments in infrastructure projects, and the expanding utilization of LiDAR in sectors such as engineering, mining, and construction.
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Market Trends:
- Increasing demand for high-precision 3D data: Terrestrial LiDAR is a highly accurate 3D scanning technology that is used in a wide range of applications, including construction, surveying, mining, and architecture. The growing demand for high-precision 3D data in these industries is driving the demand for terrestrial LiDAR scanners.
- Technological advancements: Terrestrial LiDAR technology is constantly evolving, with manufacturers developing new scanners that are more accurate, faster, and more affordable. This is making terrestrial LiDAR more accessible to a wider range of users.
- Expanding range of applications: Terrestrial LiDAR is being used in an increasing range of applications, such as disaster response, cultural heritage preservation, and urban planning. This is expanding the market for terrestrial LiDAR scanners.
- Growing awareness of the benefits of terrestrial LiDAR: More and more businesses and organizations are becoming aware of the benefits of terrestrial LiDAR, such as its ability to improve efficiency, reduce costs, and enhance safety. This is driving the adoption of terrestrial LiDAR in new industries and applications.
According to the recent report published by RC Market Analytics, the Global Terrestrial LiDAR Market is expected to provide sustainable growth opportunities during the forecast period from 2023 to 2030. This latest industry research study analyzes the terrestrial LiDAR market by various product segments, applications, regions and countries while assessing regional performances of numerous leading market participants. The report offers a holistic view of the terrestrial LiDAR industry encompassing numerous stakeholders including raw material suppliers, providers, distributors, consumers and government agencies, among others. Furthermore, the report includes detailed quantitative and qualitative analysis of the global market considering market history, product development, regional dynamics, competitive landscape, and key success factors (KSFs) in the industry.
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Geographically, the terrestrial LiDAR market report comprises dedicated sections centering on the regional market revenue and trends. The terrestrial LiDAR market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Terrestrial LiDAR market estimates have also been provided for the historical years 2020 & 2021 along with forecast for the period from 2023 – 2030.The report includes a deep-dive analysis of key countries including the U.S., Canada, the U.K., Germany, France, Italy, China, Japan, India, Australia, Mexico, Brazil and South Africa, among others. Thereby, the report identifies unique growth opportunities across the world based on trends occurring in various developed and developing economies.
The Terrestrial LiDAR Market Segmentation:
By Component:
- GPS
- Navigation (IMU)
- Laser Scanner
- Others
By Application:
- Corridor Mapping
- Engineering
- Environment
- Exploration
- Advanced Driver Assistance Systems (ADAS)
- Others
By End-Use:
- Defense & Aerospace
- Civil Engineering
- Archaeology
- Forestry & Agriculture
- Mining
- Transportation
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Some of the major market players operating in the global terrestrial LiDAR market are Leica Geosystems AG, Trimble Inc., Teledyne Optech, RIEGL Laser Measurement Systems GmbH, FARO Technologies, Inc., Velodyne Lidar, Inc., Quantum Spatial, Topcon Positioning Systems, Inc., 3D Laser Mapping, and Beijing Beike Technology Co., Ltd.
Recent Developments:
- In January 2022, Teledyne Optech introduced its new Polaris terrestrial laser scanner, which offers enhanced data quality and accuracy for mapping and surveying applications.
- In December 2021, Velodyne Lidar, Inc. announced the launch of its new Alpha Prime™ LiDAR sensor for advanced driver assistance systems (ADAS) and autonomous driving applications.
- In November 2021, Topcon Positioning Group announced the release of its new GLS-4000 LiDAR scanner for surveying, construction, and infrastructure applications.
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Key Questions Answered by Terrestrial LiDAR Market Report:
- Product popularity and adoption based on various country-level dynamics
- Regional presence and product development for leading market participants
- Market forecasts and trend analysis based on ongoing investments and economic growth in key countries
- Competitive landscape based on revenue, product offerings, years of presence, number of employees and market concentration, among others
- Various industry models such as SWOT analysis, Pestle Analysis, Porter’s Five Force model, Value Chain Analysis pertaining to Terrestrial LiDAR market
- Analysis of the key factors driving and restraining the growth of the global, regional and country-level markets from 2020-2027
About Us: RC Market Analytics is a global market research firm. Our insightful analysis is focused on developed and emerging markets. We identify trends and forecast markets with a view to aid businesses identify market opportunities to optimize strategies. Our expert’s team of analysts’ provides enterprises with strategic insights. RC Market Analytics works to help enterprises grow through strategic insights and actionable solutions. Feel free to contact us for any report customization at [email protected].
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