LiDAR Market is driven by increasing usage of mobile mapping across wind projects, transportation agencies and urban data acquisition

According to a new research report by Global Market Insights, Inc., LiDAR Market size is expected to reach USD 1.1 billion by 2023. Rising adoption of technology in commercial as well as government applications such as railways, forestry and roadways management are among other growth drivers set to fuel growth rates in the coming years. LiDAR Market is characterized by key notable players offering advanced, diverse and cost-effective solutions. Rising urbanization and large scale infrastructural development will contribute to the growth of global LiDAR marketover the forecast timeline. Heavy investments in infrastructural development and strategic alliances will remain the key strategies in the ecosystem. Increasing acceptance in automobile safety application, environmental mapping arenas, rising acceptance in the corridor mapping and civil engineering for monitoring & 3D-modeling applications will fuel the LiDAR market share from 2016 to 2023. Operations are subject to regulations established by FEMA and USGS LiDAR Guidelines and base specifications. Varied nominal pulse spacing and vertical accuracy standards have been established by regulatory authorities for its operability. Specialized operations in high risk areas are subject to jurisdiction of standalone guidelines and base specifications for the National Geospatial Program of the U.S. government. To access a sample copy or view the LiDAR market report in detail along with the table of contents, please click the link below:www.gminsights.com/request-sample/detail/421 The technology has successfully acquired the photogrammetry systems customers due to its subtle operational deliverance and higher accuracy. Rising applications of UAVs in commercial operations linked would increase LiDAR market share. Lack of awareness and customer education is recognized as a business risk for the industry owing to negligence and loss of potential customers. Mobile mapping systems have witnessed remarkable developments attributed to surging demand for accurate and high-resolution geospatial data. Introduction of internet mapping has increased the need for geospatial data.Mobile LiDAR market share accounted for about 20% of the overall revenue in 2015. Ability of eliminating the need for mobilization costs, collect up to 1,000,000 points per seconds saves time, increases the safety of data by removing the need for traffic diversion and provides safety for project personnel. Airborne LiDAR market size accounted for about 40% of the revenue in 2015. It offers high accuracy and detailed local elevation data, can cover large area, increasing productivity and reduce the environmental impact. Rising need of accurate elevation data for roads and construction projects for validating initial quantity estimates would support the civil engineering demand. U.S. LiDAR market size was valued at over USD 85 million in 2015 and would grow at 9.3% by 2023. Increasing adoption of 3D imagery by the U.S. government and advent of industrial automation would support the industry growth. Asia Pacific revenue is forecast to exceed USD 470 million by 2023. This may be primarily attributed to increasing low-cost manufacturing activities in the region. Growing product launches coupled with high consumer adoption in the region is forecast to result in increased investment from stakeholders and fuel demand. Technological advancement in GPS and inertial navigation will drive Europe LiDAR market. Civil and corridor mapping will be the major application areas in the Europe, owing to the massive requirement for security systems in commercial areas such as airports, hospitals, and hotels.