North America LiDAR market by product, 2012 – 2022 (USD Million)
- Terrestrial LiDAR market accounted for over 30% of the overall revenue in 2014 after airborne systems. Terrestrial systems offer remote acquisition and measurement increasing efficiency & safety of surveys and high point density data ensuring depiction of topography.
- Mobile mapping industry is anticipated to exhibit significant growth, growing at a CAGR of over 25% from 2015 to 2022. Increased penetration rate of mobile communication devices has compelled service providers to provide enhanced network coverage with high cost-benefit ratio.
- North America LiDAR market is expected to have substantial share in terms of revenue over the forecast period. This may be primarily attributed to increasing adoption of 3D imagery technologies by the government in the region.
- Notable companies operating in the LiDAR market, such as Phoenix, Quanergy, and Velodyne provide varied data collection solutions. The key participants offer professional training and equipment deployment services in the art of data acquisition. Mergers and acquisitions are being adopted by the key players to extend their share across the globe. For example, Velodyne launched VLP-16 also known as the Velodyne Puck, which is capable of achieving 16 channels of data with 300,000 measurements per second. This technology has been incorporated into Phoenix Aerial System’s solution for UAV-based mobile mapping, combining high-end IMU with differential GPS along with Velodyne Puck device.