Global Industry Insight: Light Detection and Ranging (LiDAR) Market Development and Demand Forecast to 2020

Light detection and ranging (LiDAR) is an advanced position detection technique. It is used in measurement of accurate and precise positions of physical objects. In LiDAR technology, a guided laser beam is used to locate the accurate position of an object to the scanner of the LiDAR system.

LiDAR is useful in providing accurate positions over large location areas. It also provides most precise location at significantly faster rate compared to some of the other traditional based approach. A high precision LiDAR system can calculate over a million positions per second. Gathering this level of location based data through traditional point to point surveying approach would take years. LiDAR technology is widely used in mapping of infrastructure projects, support and maintenance, visioning exercises and modelling.

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LiDAR system can be mounted on the aerial of surface-dwelling vehicles. Aerial LiDAR system is widely used in disaster management, mining sites, and visualization tasks. Whereas, fixed LiDAR system has various applications in infrastructure plotting of full sites and in various manufacturing industrial sites such as chemical plants over a longer time frame.

Based on product type, the LIDAR market is segmented as airborne LIDAR, terrestrial LIDAR, mobile LIDAR, and short range LIDAR. On the basis of applications, the market is segmented as government, civil engineering, military, defence, and aerospace, corridor mapping, topographical surveys, volumetric mapping, and other applications. Based on components of LIDAR, the market can be segmented as inertial navigation system, laser diode, GPS/GNSS receiver, camera, mems mirror and others.

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One of the predominant drivers of the global LIDAR market particularly in civil engineering and aviation applications is performance benefits offered by LIDAR system over photogrammetric or survey methods. The surge in infrastructural projects in developing countries such as China, Brazil, and India is also boosting the global LiDAR market.

The growing application of light detection and ranging (LiDAR) based mobile mapping technology in civil survey and construction industry is expected to provide new market opportunity for the LiDAR market during the forecasted period.

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