Middle East and Africa Lidar Market Worth $ 32,114.4 Thousand in 2019, According to a New Study on ASDReports
The Report, now available on ASDReports, “Middle East and Africa LiDAR Market by product (airborne, terrestrial, mobile, short range) by application (civil engineering, military, defense & aerospace, corridor mapping, volumetric mapping & others), and by country analysis & forecasts to 2019” is estimated to reach $ 32,114.4 thousand in 2019, at a CAGR of 25.5% from 2014 to 2019.
LiDAR system is a detection or active remote sensing and digital imaging system similar to radar, but uses light instead of radio waves. Typical LiDAR equipment mainly consists of LiDAR sensors and computing devices, which process the collected data. The use of global positioning systems (GPS) and inertial navigation unit (INU) technologies, especially in airborne LiDAR applications, has opened up new avenues for LiDAR technology as a whole. The Airborne LiDAR market is estimated to grow at a CAGR of 13.2% from 2014 to 2019.
Middle East and Africa LiDAR market - forecasts to 2019
LiDAR systems, by their innovative technologies, are able to map large areas accurately. Unlike other static scanning techniques, most LiDAR projects are very huge in terms of both revenue and size of the area/topography mapped. This has attracted many players towards the LiDAR market. Many players from related sectors such as photogrammetry, and geographic information system (GIS) providers have shifted into the LiDAR equipment market. Players in the component manufacturing markets for LiDAR equipment have also entered from other digital imaging technology markets. Apart from these, new applications like coastal and forestry topography mapping are gradually developing, with more innovative research being conducted in these fields.
This report includes market share and value chain analyzes. It also provides revenue forecast, and analyzes trends in the market. The sections and sub-segments in the report analyze the drivers, restraints, opportunities, current market trends, and the technologies that are expected to revolutionize the LiDAR domain.
Source : ASDReports - Market Research - view original press release