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(Medical-NewsWire.com, December 28, 2018 ) Light Detection and Ranging (LiDAR) systems have made the examination, detection and mapping of objects easier than conventional methods. Use of laser light provides accurate and precise data points in short time. LiDAR systems are used over conventional surveying methods due to their ability to provide highly accurate data and 3D scanning of images in a shorter time. The improved automated processing ability of LiDAR systems in terms of image resolutions and data processing capabilities over other technologies are the major factors that are presently driving the growth of the global market.
The global LiDAR market is estimated to grow significantly over the forecast period due to the automation in LiDAR, leading to the reduction in the human efforts and increased efficiency. The technological superiority of the LiDAR and several engineering projects of large magnitude are expected to improve the demand by 2023.
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Top Companies Profiled in This Report
Teledyne Optech
Leica Geosystems
Riegl Laser Measurement Systems
Trimble
Faro Technologies
Quantum Spatial
Beijing Surestar Technology (Isurestar)
Velodyne Lidar
Geokno
Sick
Yellowscan
The global LiDAR market is segmented based on type of LiDAR systems, components used, their application, end user sectors and geography. Static or terrestrial, aerial, mobile and short range are the various types of LiDAR systems elaborated in the report. The components of LiDAR systems discussed are laser scanner, inertial navigation system, camera, GPS receiver and micro-electro-mechanical system. The report also includes corridor mapping, seismology, and exploration and detection purpose as some of the major application of LiDAR systems.
Asia-Pacific and North America collectively accounted for two-thirds of the LiDAR Market, and are expected to continue this trend during the analysis period. The Asia-Pacific market is expected to grow at the highest CAGR, owing to increase in construction sector in China, India, and other developing economies and rise in housing sector.
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The Global LiDAR Market is also presented to the readers as a holistic snapshot of the competitive landscape within the given forecast period. It presents a comparative detailed analysis of the all regional and player segments, offering readers a better knowledge of where areas in which they can place their existing resources and gauging the priority of a particular region in order to boost their standing in the Global Market.
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Source: EmailWire.Com 
Source: EmailWire.com
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