Asia Pacific Light Detection and Ranging System Market Growth, Size Trends and Forecasts 2016-2022embed
Aerial/airborne LiDAR systems have a significant share in the Asia-Pacific LiDAR market due to their demand in defense and civil infrastructure applications.
Market Reports Center One Stop Market Reaserch Shop Asia Pacific Light Detection and Ranging System Market Share, Size, Emerging Trends and Growth, Global Insights, Analysis and Forecasts 2016-2022 A new report published by Allied Market Research, titled, Asia-Pacific LiDAR Market, states that the AsiaPacific Light Detection and Ranging (LiDAR) market is expected to generate revenue of $205.6 million by 2022, growing at a CAGR of 25% from 2016 to 2022. China is the leading LiDAR systems market in AsiaPacific, followed by Japan. Factors such as increase in use of drones in various applications such as agriculture, cartography and corridor mapping, technological superiority of LiDAR systems over other conventional technologies, and rising demand for 3D imaging has increased the demand for mapping systems equipped with LiDAR. Browse full report with [email protected] https://marketreportscenter.com/reports/358565/asia-pacific-lightdetection-and-ranging-system-market-opportunities-and-forecasts-2015-2022 Aerial/airborne LiDAR systems have a significant share in the Asia-Pacific LiDAR market due to their demand in defense and civil infrastructure applications. Among the other systems, which include terrestrial LiDAR, Mobile LiDAR and short range LiDAR; mobile systems are expected to witness the highest growth during the forecast period. Laser component is the largest revenue contributor that accounts for over 36% of the overall revenue, throughout the forecast period. Lasers are projected to dominate the components segment of the AsiaPacific LiDAR market due to emerging applications in meteorology and autonomous vehicles, which would drive use of lasers. Camera is anticipated to be one of the most lucrative segments, in terms of growth, with an anticipated CAGR of 33.0% from 2016 to 2022, owing to developing 3D imaging Market Reports Center One Stop Market Reaserch Shop technologies. Corridor mapping is projected to dominate applications segment accounting for around 48% share in 2015, because of an increase in the demand for various applications including urban modelling, flood mapping, and forestry and other applications. However, the seismology segment is expected to register a significant growth, with an anticipated CAGR of 34.9%. The civil engineering end user segment portrays the highest revenue contribution owing to the awareness about the ease of data collection and processing through LiDAR systems. However, the transportation sector is projected to depict the fastest growth during the forecast period. China exhibits the highest adoption of LiDAR technology in the Asia-Pacific LiDAR market. However, India is projected to offer lucrative opportunities to the market players, as this technology is expected to be adopted rapidly in infrastructure development activities. India is anticipated to grow with a promising CAGR of 28.5% during the forecast period. Request A Sample copy of This Report @ https://marketreportscenter.com/request-sample/358565 Key findings of the study: Aerial LiDAR is expected to exhibit significant growth due to the increased use of drones, during the forecast period. Laser component is expected to maintain the leading position throughout the study period. Industry participants aim to introduce new innovative products to improve their market share. The Asia-Pacific LiDAR market comprises dominant players such Airborne Hydrography, Faro Technologies, Leica Geosystems, and others. These companies have adopted strategies, such as product launch, research & development, acquisition, cooperation, and joint venture, to increase their market share and expand their geographical presence, specifically in Asia-Pacific. Light detection and ranging (LiDAR) systems enable easier examination, detection, and mapping of objects in comparison to the conventional techniques. These systems are increasingly employed over conventional survey methods as they provide accurate data and 3D images at a faster rate. LiDAR systems have replaced conventional surveying methods and statistical analysis due to the in-depth analysis requirement in different application areas. The widespread awareness about the advantages of LiDAR in different industry verticals is a major factor that drives the Asia-Pacific LiDAR market. Countries, such as China, Japan and South Korea amongst others, are using LiDAR technology in civil engineering and forestry applications. Furthermore, Government initiatives have a positive impact on the adoption of the LiDAR technology in different application areas. This further supplements the growth and creates opportunities for the players to enhance their market reach. Strategies such as product launch, acquisitions, joint ventures, and partnerships are expected to help the market players set a common technology platform and share the technological requirements, which Market Reports Center One Stop Market Reaserch Shop in turn, would enhance their product portfolio and increase their market share across Asia-Pacific. Cost cutting in operations is expected to assist the manufacturers to invest into advertisement and increase awareness about LiDAR systems across diverse industry verticals. In addition, increased use of LiDAR systems across various industries supported by favorable government initiatives, is expected to fuel the growth of the Asia-Pacific LiDAR market. For instance, in February 2015, the Indian road ministry announced the mandatory use of LiDAR system to conduct a feasibility check for all the highway projects in India. The Asia-Pacific LiDAR market is segmented based on the type, component, application, end user, and country. Static or terrestrial, aerial, mobile, and short range are the various types of LiDAR systems. The components of LiDAR systems include laser scanner, inertial navigation system, camera, GPS/GNSS receiver, and microelectromechanical system. Based on application, the market is segmented into corridor mapping, seismology, exploration & detection, and others. The end user segment includes industries such as defense & aerospace, civil engineering, archaeology, forestry & agriculture, mining industry, and transportation. Geographically, the market is divided into China, Japan, India, South Korea, and rest of Asia-Pacific. 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