LiDAR Market Forecasts to 2025: Industry Projected to Grow by $1.7 Billion During 2019-2025

Dublin, Aug. 29, 2019 (GLOBE NEWSWIRE) -- The "LiDAR - Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering.

LiDAR market worldwide is projected to grow by US$1.7 Billion, driven by a compounded growth of 17.6%.

Mechanical LiDAR, one of the segments analyzed and sized in this study, displays the potential to grow at over 17.2%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$1.8 Billion by the year 2025, Mechanical LiDAR will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 19% growth momentum.

Within Europe, which continues to remain an important element in the world economy, Germany will add over US$64.8 Million to the region's size and clout in the next 5 to 6 years. Over US$122.2 Million worth of projected demand in the region will come from other emerging Eastern European markets.

In Japan, Mechanical LiDAR will reach a market size of US$124.4 Million by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 17.3% over the next couple of years and add approximately US$295 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.

All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include the following, among others:

  • Beijing Surestar Technology Co. Ltd. (China)
  • FARO Technologies Inc. (USA)
  • Geokno India Pvt. Ltd. (India)
  • Leica Geosystems AG (Switzerland)
  • Quantum Spatial Inc. (USA)
  • RIEGL Laser Measurement Systems GmbH (Austria)
  • SICK AG (Germany)
  • Teledyne Optech (Canada)
  • Trimble Inc. (USA)
  • Velodyne LiDAR Inc. (USA)

For more information about this report visit https://www.researchandmarkets.com/r/6mztkd

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

 

Primary Logo




Review Article Be the first to review this article
Bentley: YII  LiveStream OnDemand

Featured Video
Latest Blog Posts
Alex Carrick, Chief Economist at ConstructConnectThe AEC Lens
by Alex Carrick, Chief Economist at ConstructConnect
The Census Bureau’s Total Put-In-Place Construction Figure Is Sleepwalking
Andrew WattsAECCafe Guest Blog
by Andrew Watts
Digital Pattern Books Disrupt Construction Industry
Jobs
Project Coordinator (Utility Coordination Team) for City of Austin at Austin, Texas
Jr. GEOINT Imagery Analyst for BAE Systems at Houston, Colorado
Account Manager - Pipeline for ESRI at Denver, Colorado
GIS Programmer Analyst for BIO-WEST at Rosenberg, Texas
Upcoming Events
Interior Design Show at Metro Toronto Convention Centre South Building 222 Bremner Blvd Toronto Canada - Jan 16 - 19, 2020
IPEC at The Don CeSar St. Pete Beac FL - Jan 26 - 29, 2020
Conservation of Architectural Heritage (CAH) 4th Edition at Luxor - Egypt http://bit.ly/CAHLOC Luxor Egypt - Jan 31 - 3, 2020
Kenesto: 30 day trial
Bentley: Livestream On Demand
CADalog.com - Countless CAD add-ons, plug-ins and more.



Internet Business Systems © 2019 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
TechJobsCafe - Technical Jobs and Resumes EDACafe - Electronic Design Automation GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise