Albany, NY -- (SBWIRE) -- 02/13/2015 -- 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.

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TechNavio's analysts forecast the Global LiDAR market to grow at a CAGR of 19.2 percent over the period 2013-2018.

Covered in this Report

TechNavio's report, the Global LiDAR Market 2014-2018, 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.

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Key Regions

Americas
APAC
EMEA

Key Vendors

3D Laser Mapping
Aerometric
Airborne Hydrography
Avent Lidar Technology
DigitalWorld Mapping

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Other Prominent Vendors

Airborne Imaging
Faro Technologies
Firmatek
Leica Geosystems
Mosaic 3d
Optech
RIEGL Laser Measurement Systems
Trimble Navigation

Market Driver

Advances in Technology
For a full, detailed list, view our report

Market Challenge

Low Consumer Awareness
For a full, detailed list, view our report

Market Trend

Increasing Applications of Technology
For a full, detailed list, view our report

Key Questions Answered in this Report

What will the market size be in 2018 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?

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