Solid-state LiDAR is Going to be Eyes for Future Driverless Cars

USA - English

• India - English

     (Photo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 68 market data Tables and 58 Figures spread through 158 Pages and in-depth TOC on "LIDAR Market"

http://www.marketsandmarkets.com/Market-Reports/lidar-market-1261.html

Early buyers will receive 10% customization on this report.

The growth in this market can be attributed to the encouragement from the governments, application of LiDAR in engineering projects and large magnitude set, and rise in demand for robust security and sensor accuracy.

LiDAR market for laser scanners is expected to grow at the highest rate between 2017 and 2022 

The laser scanner is a major component contributing to the growth of this market. The market for laser scanners is increasing at good pace owing to the technological advancement in laser technology. Moreover, the market for laser scanners is also growing due to a rising demand for ground-based LiDAR.

Market for solid-state LiDAR is expected to grow at the highest rate between 2017 and 2022 

The market for solid-state LiDAR is expected to exhibit the highest growth rate during the forecast period. Solid-state LiDAR systems use laser scanners to generate a 3D image of the environment, and this 3D image is processed automatically to perform monitoring, warning, braking, and steering tasks. The growth in the market for solid-state LiDAR can be attributed the advancement in the automotive industry, especially aimed at the driverless cars and advanced driver assistance systems (ADAS) application. Solid-state LiDAR can be used in various automotive applications such as in ADAS, autonomous cars, and so on. The inclination toward self-driven cars and few mandates for ADAS application is promoting the growth of the market.

Download PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=1261

LiDAR market for GIS services is expected to show substantial growth during forecast period 

The market for GIS services is witnessing a substantial growth opportunity owing to increasing demand for GIS services in canopy height estimation, forest planning, and harvesting planning applications. These applications are majorly adopted by the government for the forest management and for planning crops. Increasing interest of the governments is expected to encourage the overall LiDAR market.

North America held the largest share of the LiDAR market 

North America dominates the LiDAR market owing to the increasing investment of business giants toward ADAS and driverless cars, providing new opportunities for small, versatile, and low-cost LiDAR systems. General Motors (U.S.), Google (U.S.), and Apple Inc. (U.S.) are the business giants which are in the race of manufacturing these cars. In addition, the major companies such as Trimble, Faro, and Velodyne are based in the U.S., which is also a key factor contributing to a large share of the U.S. in the market.

Inquiry Before Buy @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=1261

Major players operating in the LiDAR market are Teledyne Optech Inc. (Canada), Leica Geosystems (Sweden), Riegl Laser Measurement Systems GmbH (Austria), Trimble Navigation Limited (U.S.), FARO Technologies (U.S.). Quantum Spatial (U.S.), Beijing Beike Technology Co., Ltd (isurestar) (China), Velodyne Lidar, Inc.(U.S.), Yellowscan (France), Geokno India Pvt. Ltd. (India), Trimble Inc. (U.S.), and SICK AG (Germany).

Browse Related Reports 

LiDAR Drone Market by Product (Rotary Wing, and Fixed Wing), Component, Application (Corridor Mapping, Archaeology, Construction, Environment, Entertainment, and Precision Agriculture), Geography - Global Forecast to 2022
http://www.marketsandmarkets.com/Market-Reports/lidar-drone-market-128835365.html

Beam Expander Market by Design (Galilean, Keplerian), Device (Optical Communication, Measurement, Laser Systems, Remote Sensing), Application (Defense, Instrumentation, Industrial, Commercial), & Geography - Global Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/fiber-optic-beam-expander-market-12861466.html

Subscribe Reports from Semiconductor Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp

About MarketsandMarkets 

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
MarketsandMarkets
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Tel: 1-888-600-6441
Email: [email protected]

Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors
LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Visit MarketsandMarkets Website: http://www.marketsandmarkets.com

SOURCE MarketsandMarkets