Report ID: UCMIG45B2059
LiDAR Services Market Size, Share, Growth Analysis, By Service(GIS Service, Asset Management, Aerial Surveying, Ground-Based Surveying), By Region(North America, Europe, Asia Pacific, Latin America) - Industry Forecast 2025-2032
Report ID:
UCMIG45B2059 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
LiDAR Services Market Insights
Market Overview:
In 2018, the global LiDAR services market reached a valuation of approximately USD 985.4 million. Over the forecast period from 2019 to 2025, the market is projected to exhibit a robust compound annual growth rate (CAGR) of 14.5%. This growth can be attributed to the increasing adoption of LiDAR technology in various sectors such as forestry, agriculture, transportation, and urban planning, driven by the need for accurate and high-resolution 3D mapping, terrain modeling, and object detection. The market expansion is further fueled by advancements in LiDAR technology, such as the development of lightweight and cost-effective LiDAR sensors, and the rising demand for LiDAR services in applications such as autonomous vehicles and smart city development.
LiDAR Services Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the IT Consulting & Other Services by segment aggregation, the contribution of the IT Consulting & Other Services in Software & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
LiDAR Services Market Report Snapshots
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