Home / News / Global Light Detection and Ranging System Market Size, Growth, Trends, Industry Analysis and Forecast 2022 By Acute Market Reports

Global Light Detection and Ranging System Market Size, Growth, Trends, Industry Analysis and Forecast 2022 By Acute Market Reports

The report incorporates the study of Asia-Pacific LiDAR market that focuses on types of LiDAR systems. LiDAR is an emerging technology that helps to capture high-definition 3D data of geospatial surfaces. The product types are differentiated into airborne/aerial, mobile, short range and terrestrial/stationary. Aerial LiDAR devices are defined as LiDAR systems mounted on aircrafts or drones. Mobile LiDAR are those mounted on vehicles, turbines and other moving objects. Static/terrestrial LiDAR are mounted on land surface or buildings, towers, etc. All of the LiDAR operating in range of about 0-10 meters are considered as short-range LiDAR.

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These systems are increasingly employed over conventional surveying methods owing to their ability to provide highly accurate data and 3D images in a shorter time duration. LiDAR systems have replaced conventional surveying methods and statistical analysis owing to the in-depth analysis requirement in different application areas. The widespread awareness about the advantages of LiDAR usage in varied industry verticals is a major factor driving the LiDAR market in Asia-Pacific. Countries, such as China, Japan, South Korea and others, have started using LiDAR technology in civil engineering and forestry applications. Increased spending capabilities and rising government initiatives have led to the rise in the usage of LiDAR technology in different application areas, which further supplements the market growth and creates opportunities for the market players to enhance their market share.

The innovations in the laser technology help to bring price corrections in LiDAR products. Simultaneously, the changing demands and preferences of the urban population unveil newer LiDAR applications apart from conventional military applications. The sophistication of 3D imaging technology leads to increased corridor mapping activities by the LiDAR. The market is likely to experience continued dominance from defense and corridor mapping applications.

Key players adopt product launch and R&D as their key strategies to meet the customer demands and increase their customer base. Acquisitions, joint ventures and partnerships are likely to help players to set a common technology platform and share the technological requirements, which in turn would enhance their product portfolio in less investment and increase their market share across Asia-Pacific.

SEGMENT OVERVIEW

The Asia-Pacific LiDAR market, by type is segmented into terrestrial, aerial, mobile, and short-range systems. A terrestrial LiDAR, also known as a ground-based LiDAR system is a laser scanner integrated with a highly accurate GPS system. This LiDAR possesses an exceptional ability to produce 3D images of land at coastal and other areas. Taking into consideration the natural hazards in Asia-Pacific, ground movements such as landslides can be analyzed and measured by satellite imagery. However, the problem associated with the traditional satellite imagery was that vertical cliffs could not be viewed at an oblique angle and the fast coastal changes could not be traced. Thus, terrestrial LiDAR systems are used to resolve these problems by providing accurate measurements at a safe distance.

China is the largest revenue-generating country in the Asia-Pacific terrestrial LiDAR market and is expected to maintain its dominant position throughout the forecast period.

The components of the Asia-Pacific LiDAR market are sub-segmented into laser generator, inertial navigation system (INS), camera, GPS/GNSS receiver, and microelectromechanical system. The use of these components depends on their respective applications.

Corridor mapping and seismology exploration & detection are some of the major application areas of LiDAR systems. The others segment includes pollution modelling, coastline management, and metrology. In 2015, corridor mapping was the highest revenue-generating application owing to its increasing adoption to plan urban modelling, flood mapping, and forestry application.

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COUNTRY LEVEL ANALYSIS

The countries included in the Asia-Pacific LiDAR systems market are China, Japan, India, South Korea, and Rest of Asia-Pacific. The systems capable of detecting low level nearby wind turbulence and shear during non-precipitative conditions are being adopted in China. For instance, In September 2015, Mitsubishi Electric Corporation bagged a contract from Honk Kong Observatory (HKO), a department of the Hong Kong Government, to supply two terminal LiDAR systems to Hong Kong International Airport (HKIA).

In the current scenario, offshore wind energy projects are monitored and analyzed by onshore LiDAR systems in Japan. For instance, in March 2016, Oldbaum Services, in collaboration with NRG Renewables installed a long range remote sensing system, Leosphere W200S, in the Hokkaido province for collecting and interpreting offshore wind energy project data from an onshore location.

Increasing use of drones for various applications

Increasing use of drones in agriculture, cartography, and corridor mapping presents various growth opportunities for the LiDAR market. Moreover, upsurge in the use of drones across various commercial sectors, such as media & entertainment, forestry department, inspection, and surveying, has fueled the demand for LiDAR.

Rising demand for 3D imaging in emerging countries

The demand for 3D imaging has increased in the recent years due to its high adoption in corridor mapping, healthcare, and forest zone management applications. Various commercial and government sectors use 3D imaging for different applications such as planning and monitoring activities related to roadways, railways, cities, and forest management among others.

High cost of the LiDAR equipment

The impact of this restraint is expected to decrease during the forecast period, due to decrease in the price of these equipment in the last few years. Technological advancements have reduced the average cost of these equipment

VALUE CHAIN ANALYSIS

The stakeholders involved in the value chain of the Asia-Pacific LiDAR market includes component suppliers, system assemblers, utility solution manufacturers, and end users. These stakeholders perform various roles in specific areas and gradually add more value to the product.

The components in a LiDAR device include 3D sensors, MEMS chips, semiconductors, navigation system, and other components. It is noted that the components need to be technologically advanced for the efficient performance of the device. Thus, the LiDAR component suppliers are responsible for adding value to the product by providing technologically updated components.

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Key Benefits

  • The study highlights the Asia-Pacific LiDAR market with current trends and estimates the adoption of LiDAR technology across varied industry verticals to analyze the prominent investment pockets
  • Microscopic analysis of segments is conducted to gauge the potential of the market and highlight the favorable conditions for the market growth.
  • Porters five force’s model helps in analyzing the potential of buyers & suppliers, with a competitive outlook, which helps key players in decision-making.
  • Value chain analysis provides a clear view of key intermediaries involved and elaborates their roles and value addition at every stage.

ASIA PACIFIC LIGHT DETECTION AND RANGING SYSTEM MARKET SEGMENT

By Product Types

  • Terrestrial/StaticMarket By – Type
    • Aerial
    • Mobile
    • Short Range

Market By – Type

  • Corridor Mapping
  • Seismology
  • Exploration & Detection
  • Others

By Component

  • Laser
  • Inertial Navigation System
  • Camera
  • GPS/GNSS Receiver
  • Microelectromechanical System (MEMS)

Market By Users

  • Aerospace & Defense
  • Civil Engineering
  • Archaeology
  • Forestry & Agriculture
  • Mining
  • Transportation

By Country

  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific

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