Global LiDAR Market to Grow at 19.2% CAGR to 2018, Forecasts a New Research Report

DALLAS, February 4, 2015 /PRNewswire/ --

ReportsnReports.com offers Global LiDAR Market 2014 - 2018 research report of 76 pages on LiDAR industry that present two essential components of LiDAR growth as developments in global positioning system (GPS) and inertial navigation unit (INU) technologies.

According to the research on LiDAR Market, advances in LiDAR technology are a major driver behind the growth of the Global LiDAR market. Developments in global positioning system (GPS) and inertial navigation unit (INU) technologies-two essential components-have helped light detection and ranging (LiDAR) technology become commercially feasible.

Analysts forecast the Global LiDAR market to grow at a CAGR of 19.2% over the period 2013-2018. Advances in technology have made LiDAR more accurate and affordable, thus resulting in an increase in its use in many new applications like flood zone mapping and measuring landslide potential.

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.

Global LiDAR Market 2014-2018 report also emphasizes advancements that have resulted in an increase in the number of application areas for LiDAR technology. Both airborne and terrestrial LiDAR systems are finding new applications like digital surface modeling and long-range imaging, thus leading to the growth of the overall market. 

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Report recognizes the following companies as the key players in the Global LiDAR Market: 3D Laser Mapping, Aerometric, Airborne Hydrography, Avent Lidar Technology and DigitalWorld Mapping.

Other Prominent Vendors in the market are Airborne Imaging, Faro Technologies, Firmatek, Leica Geosystems, Mosaic 3d, Optech, RIEGL Laser Measurement Systems are Trimble Navigation.

Global LiDAR Market 2014-2018 report has been prepared based on an in-depth market analysis with inputs from industry experts. The market is segmented by applications and product type. The report covers the Americas, the APAC region and the EMEA region; it also covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Furthermore, LiDAR providers are working to standardize the technology worldwide, while also providing customized solutions for specific client requirements.

Another report "Global Off-Grid Remote Sensing Power System Market 2014-2018" says one of the major drivers in the market is the increase in environmental concerns. The need to reduce the emissions and oil spill from various end-users, especially in the Oil and Gas industry, has led to an increase in the adoption of remote sensing technology for continuous monitoring. Continuous monitoring has significantly reduced the environmental impact and increased the market for power systems.

One of the emerging trends in the market is the development of the remote sensing industry which is driven by the need to collect accurate data and information for proper operational management in any particular industry. The development of the Remote Sensing industry will directly influence the market for powering devices such as fuel cells and advanced batteries.

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The report recognizes the following companies as the key players in the Global Off-grid Remote Sensing Power System Market: Acumentrics Corp., Ensol Systems Inc., Evergreen Energy Technologies Inc. and SFC Energy AG.

Other Prominent Vendors in the market are: Timber Line Electric and Control, Tycon Power Systems and UPS Systems.

Further, the report states that the need to meet the varying requirements of customers is one of the major challenges confronting the market. Demand varies in terms of the size and capacity of the powering devices used in remote sensing systems. Therefore, vendors need to customize the powering systems according to the needs of the end-user, which affects the profit margin of the vendors.

Key Questions Answered in these Reports: 

• What will the market size be in 2019 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Browse other reports on Semiconductor and Electronics Market at http://www.reportsnreports.com/market-research/semiconductor-and-electronics/ .

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