The North America LiDAR Market would witness market growth of 17.7% CAGR during the forecast period (2022-2028).
Multiple methods and mechanisms can be used to manipulate laser projections of LiDARs to produce a scanning effect. The most common of them include standard spindle-type LiDAR, solid-state LiDAR, and flash LiDAR. Spindle-type LiDAR spins to provide a 360-degree view, while solid-state LiDAR possesses a fixed field of view but no moving parts. The flash LiDAR disperses a flash of light over a wide field of view just before the signal bounces back to a detector.
Apart from the obvious uses of LiDAR technology like in automation, its use is also growing in sectors like agriculture, insect monitoring, species identification, etc. As the world population increases, it induces a similar increase in food demand. As a result, agriculture has also adopted the latest technologies, like robots, to increase output. Agricultural robots are being utilized for various tasks, including weed management, seed & fertilizer dispersal, sensing techniques, and crop surveying. For example, LiDAR extensively aids in determining the region to apply expensive fertilizer. It can map out the topography of the fields and show the farmland's slopes as well as sun exposure.
Additionally, the identification of plant species is necessary for weed control, for which machine learning and 3-D LiDAR can be used. LiDAR creates point clouds of plant contours that include range and reflectance information. Features are retrieved from this data after it has been modified. The species is labeled, and its characteristics are originally saved as an example to help people recognize it in the wild. This technique is effective because it combines supervised learning with a low-resolution LiDAR.
The United States Geological Survey's 3DEP program uses LiDAR technology in mapping activities. 3DEP, which stands for 3D Elevation Program, is a program of the National Map that uses LiDAR mapping to provide the highest standards of elevation maps for the entire country, including the contiguous United States, U.S. territories, and Hawaii. USGS has also employed LiDAR combined with 3DEP to research river scour following significant floods or hurricanes and landslide danger in regions like Pennsylvania.
The US market dominated the North America LiDAR Market by Country in 2021; thereby, achieving a market value of $1,017.8 million by 2028. The Canada market is experiencing a CAGR of 20.3% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 19.3% during (2022 - 2028).
Based on Type, the market is segmented into Mechanical and Solid-state. Based on Range, the market is segmented into Short Range, Medium Range and Long Range. Based on Service, the market is segmented into Ground-based surveying, GIS Service, Asset Management, Aerial Surveying and Others. Based on Component, the market is segmented into Laser Scanner, Navigation & Positioning System and Others. Based on Installation Type, the market is segmented into Ground-based and Airborne. Based on Application, the market is segmented into Environment, Exploration, Meteorology, Corridor Mapping, Engineering, Urban Planning, ADAS & Driverless Cars and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global LiDAR Market is Estimated to reach $3.5 Billion by 2028, at a CAGR of 18.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Sick AG, FARO Technologies, Inc., Teledyne Optech, Inc., Trimble, Inc., Hexagon AB (Leica Geosystems AG), NV5 Global, Inc., YellowScans, SureStar, GeoDigital and RIEGL Laser Measurement Systems GmbH.
By Type
By Range
By Service
By Component
By Installation Type
By Application
By Country
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