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LiDAR Market: Influential Factors Determining the Trajectory of the Market

Transparency Market Research has published a new research report that studies and assesses the structure, scope, dynamics, and components of the global light detection and ranging (LiDAR) market. The 80-page research study is titled “LiDAR Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020” and is available for sale on the company website. According to the report, the global LiDAR market is anticipated to expand at a 15.0% CAGR from 2014 to 2020, growing from a value of US$225 mn in 2013 to US$605.5 mn in 2020. The global LiDAR market is primarily driven by the host of comparative advantages over conventional mapping technologies, growing demand for 3D imagery in commercial, consumer, and government applications, and the development of unmanned aerial vehicles. However, gaps in software development and lack of standardization of data formats threaten to impede the LiDAR market.The research report reviews the LiDAR market by segmenting it based on