The Asia Pacific LiDAR market size is projected to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing of applications in the automotive industry owing to rapid electrification and rising disposable income.
LiDAR stands for Light Detection and Ranging. It is a remote sensing method that uses light in the form of a pulsed laser. These light pulses are combined with other data recorded by the airborne system to generate precise, three-dimensional (3D) information about the shape of the earth and its surface characteristics.
A LiDAR instrument consists of a laser, scanner, and GPS receiver. Topographic and bathymetric are two types of LiDAR methods. Topographic LiDAR typically uses a near-infrared laser to map the land, while bathymetric LiDAR uses water-penetrating green light to measure seafloor and riverbed elevations.
Scientists use LiDAR-generated products to examine both natural and manmade environments with accuracy, precision, and flexibility. LiDAR data supports activities such as flood & storm surge modelling, hydrodynamic modelling, shoreline mapping, emergency response, hydrographical surveying, and coastal vulnerability analysis.
LiDAR-based mapping solutions are used on a stationary or moving vehicles. It is also used for the planning of field campaigns and mapping under the forest canopy. Moreover, LiDAR sensors are used for the canal blocking restoration requirements.
The report on the Asia Pacific LiDAR market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
LiDAR Market - Asia Pacific Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Products (Aerial LiDAR and Ground-based LiDAR), Components (GPS, Laser Scanners, and Inertial Measurement Unit), and End-users (Engineering, Automotive, Industrial, and Aerospace & Defense) |
Geographical Scope |
China, Japan, India, South Korea, and Rest of Asia Pacific |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Topcon Corporation, Denso Corporation, Faro Technologies Inc., Trimble Inc, and Sick Ag |
Based on products, the market is segmented into aerial LiDAR and ground-based LiDAR. The ground-based LiDAR segment is expected to represent a key market share owing to high accuracy applications, especially in the architectural restoration, facilities inventory, erosion mapping and stability detection The ground-based fixed LiDAR are relatively inexpensive, as these devices can avoid the use of IMU in air-borne systems or LiDAR scanners mounted on vehicles. Such features make the use of ground-based LiDAR in the mapping in case of emergency and disaster management.
On the basis of components, the market is divided into GPS, laser scanners, and inertial measurement unit. The laser scanners segment is expected to expand at a robust pace during the forecast period due to emerging applications in meteorology and autonomous vehicles. On the other hand, the GPS segment is expected to grow at a steady rate in the projected timeline.
In terms of end-users, the market is classified as engineering, automotive, industrial, and aerospace & defense. The aerospace & defense segment is anticipated to expand at a rapid CAGR during the forecast period owing to increasing use of drones for the monitoring of unexplored territory, which is crucial in the defense industry.
Based on geography, the market is categorized as China, Japan, India, South Korea, and Rest of Asia Pacific. Countries such as India and China are expected to increase their spending by an average of USD 6 billion in the drone technology for defense applications. The market in China is anticipated to grow at a robust rate owing to low manufacturing cost and early adoption of latest technology in the region.
Key players competing in the Asia Pacific LiDAR market include Topcon Corporation, Denso Corporation, Faro Technologies Inc., Trimble Inc, and Sick Ag
Key players competing in the Asia Pacific LiDAR market include Topcon Corporation, Denso Corporation, Faro Technologies Inc., Trimble Inc, and Sick Ag
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