Global LiDAR Sensor Market Outlook to 2023: Anticipated to Grow at a CAGR of 35.31% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 5, 2018--The “Global LiDAR Sensor Market - Forecasts from 2018 to 2023” report has been added to ResearchAndMarkets.com’s offering.
The global LiDAR Sensor market is expected to grow at a CAGR of 35.31% over the forecast period of 2017-2023.
Increasing spending by governments across the globe into strengthening their defense is one of the major factors driving the growth of this market.
Rising incidence of terrorist attacks and geopolitical issues in many regions has been increasing the need for governments to spend in advanced technologies and armaments in order to strengthen their defense. The U.S. military and defense sector was apportioned a budget of US$700 billion in 2018, a 15.5% jump from that in 2017, which aimed to strengthen the country’s defense.
It has been nearly a decade since LiDAR gained popularity in this sector. This technology has been continuously gaining traction in this sector owing to its numerous benefits, which is driving with it the demand for LiDAR sensors.
Furthermore, increasing popularity of autonomous vehicles worldwide has been opening doors to immense growth opportunities for the growth of LiDAR sensors market. Automakers are continuously funneling investments into the development of autonomous vehicles in order to reduce road accidents while improving traffic flow.
In 2016, Uber launched a pilot program for its self-driving cars in Pittsburgh while Ford Motors has plans to make self-driving taxis that work without steering wheel, brake or gas pedal and making them available for the public by 2021. Growth of self-driving cars is driving with it the demand for advanced technologies like LiDAR, thus boosting their market growth.
By application, environmental & coastal monitoring and defense & emergency services hold a major share in this market on account of huge spending by governments into these sectors.
Key Topics Covered
2. Research Methodology
2.1. Research Process And Design
2.2. Research Assumptions
3. Executive Summary
4. Market Dynamics
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Force Analysis
4.6. Life Cycle Analysis- Regional Snapshot
4.7. Market Attractiveness
5. Global LiDAR Sensor Market by Sensor Type
6. Global LiDAR Sensor Market by System Type
6.1. Pulse-based/Linear-mode System
6.2. Phase-based System
6.3. Geiger-mode/Photon-counting System
7. Global LiDAR Sensor Market by Industry
7.2. Infrastructure and Construction
7.3. Military and Defense
8. Global LiDAR Sensor Market by Geography
8.1. North America
8.2. South America
8.4. Middle East and Africa
8.5. Asia Pacific
9. Competitive Intelligence
9.1. Investment Analysis
9.2. Recent Deals
9.3. Strategies of Key Players
10. Company Profiles
10.1. SICK AG
10.2. Infineon Technologies AG
10.3. Leica Geosystems AG
10.4. Velodyne LiDAR Inc.
10.5. Quanergy Systems Inc.
10.6. Hitachi Ltd.
10.7. LeddarTech Inc.
10.8. Neptec Technologies Corp.
10.9. Innoviz Technologies Ltd.
10.10. Argo AI LLC
For more information about this report visit https://www.researchandmarkets.com/research/d4hgfr/global_lidar?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181205005317/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
INDUSTRY KEYWORD: TECHNOLOGY HARDWARE SEMICONDUCTOR
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 12/05/2018 06:00 AM/DISC: 12/05/2018 06:00 AM