Global LiDAR Market 2014-2018: Key Vendors are 3D Laser Mapping, Aerometric, Airborne Hydrography, Avent Lidar Technology & DigitalWorld Mapping

News provided by

Feb 11, 2015, 11:11 ET

DUBLIN, Feb .11, 2015 /PRNewswire/ --Research and Markets

(http://www.researchandmarkets.com/research/jfj7zf/global_lidar) has announced the addition of the "Global LiDAR Market 2014-2018" report to their offering.

The Global LiDAR market to grow at a CAGR of 19.2 percent over the period 2013-2018.

LiDAR stands for Light Detection and Ranging. It is a technology to generate precise and spatial information about a particular object. The technology works on the principle of reflection where focused beam of light is emitted and then detected by the sensor after reflecting from the object and the time taken for the process is measured. This data is used to calculate the distances to objects and create a 3D map of any space. LiDAR is similar to RADAR with the difference being use of discrete pulses of laser light by LiDAR and radio waves by RADAR. The LiDAR technology uses lasers, sensors, GPS and INS as its major components.

One of the key trends emerging in this market is the growing number of applications for this technology. As a result of advances in technology, LiDAR can be used in new areas and applications such as digital surface modeling and long-range imaging.

According to the report, one of the major drivers in this market is the increase in advances in LiDAR technology. The advances in the field of LiDAR have led to an increase in the number of applications such as digital surface modeling and long-range imaging.

Further, the report states that one of the major challenges in this market is low consumer awareness about the major benefits of LiDAR technology and this low awareness has resulted in slower market growth in many parts of the world.

Key Vendors