IMARC Group, a leading market research company, has recently releases report titled “United States LiDAR Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the United States LiDAR market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the United States LiDAR Market?
The United States LiDAR market is projected to exhibit a growth rate (CAGR) of 18.5% during 2023-2028.
What is LiDAR Market?
Light detection and ranging (LiDAR) refer to a remote sensing technology that uses laser beams to measure distances and create precise 3D representations of an area. It functions by emitting laser pulses and calculating the time it takes for the reflection to return to the sensor. LiDAR is extensively used in applications like urban planning, environmental monitoring, and autonomous vehicle navigation. In addition to this, LiDAR operates by sending thousands of laser pulses per second and utilizes the reflections to calculate distances with high accuracy. The resulting data points form a dense ‘point cloud’ that can be analyzed and processed to create detailed 3D models or maps. LiDAR’s accuracy and versatility make it a valuable tool across diverse fields and industries.
What are the growth prospects and trends in the United States LiDAR industry?
Continuous innovation in LiDAR technology is enhancing its accuracy and efficiency which represents one of the key factors driving the growth of the market across the United States. The development of solid-state LiDAR and miniaturized components is making these systems more accessible and attractive for various applications which is boosting the growth of the market. The market is also driven by the automotive industry’s shift towards self-driving cars requiring advanced sensing technologies like LiDAR. As the demand for autonomous vehicles grows, the need for LiDAR systems follows suit, which is fueling the market. Federal and state governments in the US are supporting the integration of LiDAR in infrastructure development and environmental monitoring. Certain regulations are encouraging the use of advanced technologies, which is propelling the growth of the market. Significant investments from technology giants and partnerships between tech companies and automotive manufacturers are propelling the growth of the market across the country.
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What is included in market segmentation?
The report has segmented the market into the following categories:
Installation Type Insights:
- Airborne
- Terrestrial
Component Insights:
- Laser Scanners
- Navigation Systems
- Global Positioning Systems
- Others
Application Insights:
- Corridor Mapping
- Engineering
- Environment
- Exploration
- ADAS
- Others
Regional Insights:
- Northeast
- Midwest
- South
- West
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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