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Global Lidar In Mapping Market Outlook With Key Companies Like Argo AI, Cepton Technologies, Inc., Hesai Technology, Innoviz Technologies Ltd., LeddarTech, Phantom Intelligence, Quanergy Systems, Inc., Tetravue, Inc., Velodyne LiDAR, Inc.

05-04-2020 09:21 AM CET | IT, New Media & Software

Press release from: DecResearch.com

/ PR Agency: Lidar In Mapping Market
Lidar In Mapping Market

Lidar In Mapping Market

With escalating demand for 3D imaging solutions, the growth graph of LiDAR in mapping market is accelerating at a significant rate in recent years. The technology can potentially help reduce the risk associated with natural calamities like volcanic eruptions, earthquakes and floods. Several federal agencies have begun implementing LiDAR in mapping solutions to discover new oil and gas reserves. Companies usually prefer LiDAR mapping software as it aids in detecting suitable regions to build pipelines for the oil & gas sector.

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Escalating investments in R&D activities by key LiDAR in mapping market players is paving the way for development of advanced LiDAR technology. Also, growing demand for accurate and precise ground surveying technology for DEM (Digital Elevation Model) is compelling real-estate companies to deploy LiDAR mapping technology.

However, steep costs involved in developing and deploying LiDAR in mapping technology may hinder the growth of the market. LiDAR in mapping needs resources such as skilled professionals, software and LiDAR equipment, escalating the overall expenditure on resources.

Increasing consumption of non-renewable sources of energy and rising consumer awareness regarding environment conservation is propelling various governments to focus on using sustainable sources of energy. Governments across the globe are also utilizing LiDAR in mapping technology in oil & gas industry in order to identify ideal locations to install pipelines. In addition, private O&G companies are using LiDAR technology to detect unreachable oil & gas fields as well as for quick & safe installations of pipelines.

As the O&G sector progresses worldwide and governments continue to encourage the detection of more oil wells, LiDAR in mapping market share is expected to surge through 2026.

Utilizing LiDAR technology for surveying topographic landscapes not only helps in reducing operational costs but also reduces the risks of occupational hazards to humans. Having understood the same, LiDAR in mapping technology is being increasingly adopted for real estate and town planning, which is fueling the LiDAR in mapping market outlook.

Estimates claim that construction and surveying application segment is expected to register considerable growth in LiDAR in mapping market during the estimated timeframe. Additionally, worldwide governments are collaborating with key industry players for numerous surveying and mapping projects.

Rising environment awareness, changing weather conditions and favorable government initiatives are leading to surging demand for advanced disaster management systems, especially in countries such as China, Japan and India. This factor along with growing need for assessing damage caused by earthquakes, landslides and other natural disasters is fueling the popularity of the LiDAR in mapping technology across Asia-Pacific region.

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LiDAR mapping systems, for instance, were deployed by the Japanese government to assess post-disaster damage caused by the 2016 Kumamoto earthquake. The collected data was used to develop strategies to efficiently provide and distribute relief services during the occurrences of such crisis. LiDAR technology is also widely used in mapping systems to identify earthquake-prone areas and to assess the impact of earthquake-induced landslides.

The prominent companies operating in LiDAR in mapping market are Argo AI, Blickfeld GmbH, Cepton Technologies, Inc., FARO Technologies, Inc., Fugro N.V., GeoSLAM Ltd. (3D Laser Mapping), Hesai Technology, Innoviz Technologies Ltd., Leica Geosystems AG (Hexagon), LeddarTech, Inc., LeiShen Intelligent Systems Co., Ltd., Luminar Technologies, Inc., Ouster, Inc., Phantom Intelligence, Phoenix LiDAR Systems, Quanergy Systems, Inc., Tetravue, Inc., Topcon Positioning Systems, Inc., and Velodyne LiDAR, Inc. These key industry players are primarily focusing on introducing inexpensive LiDAR sensors in order to meet the growing demand of mapping companies worldwide.

Some Points From Table Of Content: -
Chapter 6. LiDAR in Mapping Market, By Component
6.1. Key trends, by component
6.2. Hardware
6.2.1. Market estimates and forecast, 2015 - 2026
6.3. Software
6.3.1. Market estimates and forecast, 2015 - 2026

Chapter 7. LiDAR in Mapping Market, By Application
7.1. Key trends, by application
7.2. Corridor mapping
7.2.1. Market estimates and forecast, 2015 - 2026
7.3. Construction & surveying
7.3.1. Market estimates and forecast, 2015 - 2026
7.4. Agriculture and forestry
7.4.1. Market estimates and forecast, 2015 - 2026
7.5. Mining and quarrying
7.5.1. Market estimates and forecast, 2015 - 2026
7.6. Education
7.6.1. Market estimates and forecast, 2015 - 2026
7.7. Environmental
7.7.1. Market estimates and forecast, 2015 - 2026
7.8. Transport (Autonomus Cars)
7.8.1. Market estimates and forecast, 2015 - 2026
7.9. Emergency services
7.9.1. Market estimates and forecast, 2015 - 2026
7.10. Others
7.10.1. Market estimates and forecast, 2015 - 2026

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/lidar-in-mapping-market

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DecResearch.com
Website: - https://www.decresearch.com/
Email: [email protected]

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