Europe LiDAR Market is Expected to Reach a Value of $172.8 million by 2019

The report “Europe LiDAR Market By Product Type (Airborne LiDAR, Terrestrial LiDAR, Mobile LiDAR, and Short Range LiDAR), By Application, and By Geography - Analysis and Forecast (2014-2019)”, defines and segments the Europe LiDAR Market and forecasts the market size, by value and volume. The Europe LiDAR market was valued at $91.8 million in 2014, and is projected to reach $172.8 million by 2019, at a CAGR of 13.4% from 2014 to 2019.

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In early 1960s, LiDAR was mainly utilized for military and government applications. However, due to technological developments and reduction in cost of LiDARs, it is heavily penetrating into the commercial and industrial sectors. The market research report Europe LiDAR market - Forecast & Analysis (2013 - 2019) covers both the government/military and the commercial applications of light detection and ranging systems. Major applications currently harnessing light detection and ranging technology are corridor mapping, forestry, mining, topographic surveying, and volumetric mapping. This extensive research study resulted in identifying civil engineering and planning as one of the top revenue grossing applications for LiDAR.

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Light Detection and Ranging (LiDAR) is an optical remote sensing technology that is primarily utilized to measure distances by illuminating a target with the help of laser light, and further carrying out an analysis of the reflected light. LiDAR is comparable to radar in certain aspects. However, LiDAR uses waves of shorter wavelengths unlike radar, which uses radio waves for measuring targets. The LiDAR technology uses waves typically in the visible, ultraviolet, and infrared range. This technology enables direct measurement of 3D structures and underlying terrain with high resolution and high data accuracy. The capability of LiDAR equipment to achieve high resolution makes them superior to other traditional optical instruments used for measuring heights.

Escalating demand for 3D imagery in consumer, commercial, and government applications is one of the major factors driving the global LiDAR market. The demand for LiDAR technology is increasing in these application segments, along with an increase in the demand for 3D scanning and 3D imagery. The adoption of LiDAR technology is slowly penetrating in various government sectors, such as roadways, railways, and forestry management among others.

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Some of the major advantages that LiDAR has over the other substitute technologies include better safety, 24x7 data collection ability, and speed among others. LiDAR is more accurate than most of the other digital mapping techniques available today. As the cost of LiDAR services is eventually decreasing, LiDAR is gaining popularity as the preferred choice for high speed accurate digital surveying and mapping. Thus, it can be concluded that the LiDAR eco-system in Europe is much more evolved and well-established as compared to the other regions.

Key players in the Middle East & Africa IR Detector Market are -

  • Intermap Technologies
  • Trimble Navigation Limited
  • Optech Inc
  • AeroMetric
  • Airborne Hydrography AB (AHAB)
  •  IGI mbH, Pix4D
  • Raymetrics
  • Riegl Laser Measurement Systems
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