Search Menu
Photonics Media Photonics Marketplace Photonics Spectra BioPhotonics Vision Spectra Photonics Showcase Photonics ProdSpec Photonics Handbook

Lidar Market Set for Expansion

Facebook Twitter LinkedIn Email
OCEAN VIEW, Del., Dec. 13, 2016 — The global lidar market is expected to reach $1.1 billion by 2023, according to a new report by Global Market Insights Inc.

Rising urbanization and large-scale infrastructural development will contribute to the growth of the market size over the forecast timeline. Heavy investments in infrastructural development and strategic alliances will remain the key strategies in the ecosystem.

The U.S. lidar market size was valued at over $85 million in 2015, and is expected to grow 9.3 percent by 2023. Increasing adoption of 3D imagery by the U.S. government and the advent of industrial automation are cited as reasons for industry growth.

Increasing acceptance in automobile safety application, environmental mapping arenas, rising acceptance in the corridor mapping and civil engineering for monitoring and 3D-modeling applications will also be factors in the expansion.

Global Market Insights is a market research and strategy consulting firm.
Dec 2016
An acronym of light detection and ranging, describing systems that use a light beam in place of conventional microwave beams for atmospheric monitoring, tracking and detection functions. Ladar, an acronym of laser detection and ranging, uses laser light for detection of speed, altitude, direction and range; it is often called laser radar.
lidarGlobal Market InsightsAmericasBusinessindustrial

back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2023 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA, [email protected]

Photonics Media, Laurin Publishing
x We deliver – right to your inbox. Subscribe FREE to our newsletters.
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.