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Impact of COVID-19 Worldwide Lidar Industry to 2025 - Players Include Analog Photonics, Benewake and Hexagon - ResearchAndMarkets.com

November 9, 2020 GMT

DUBLIN--(BUSINESS WIRE)--Nov 9, 2020--

The “Lidar Market - A Global and Regional Analysis: Focus on Lidar Applications, Product Types, Market Competition, Emerging Opportunities, and Country Assessment - Analysis and Forecast, 2020-2025” report has been added to ResearchAndMarkets.com’s offering.

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Owing to the impending need for better mapping and surveying techniques, there is a considerable push from governments and regulatory bodies toward developing and installing lidar sensors. By leveraging lidar sensors, entities enhance their product quality and production, along with avoiding catastrophic failures and high production costs.

The global lidar market research provides a detailed perspective on the different types of products, their applications, value and volume estimation, among others. The principal purpose of this market analysis is to examine the lidar market in terms of factors driving the market, restraints, trends, and opportunities, among others.

The report further considers the market dynamics, supply chain analysis, and the detailed product contribution of the key players operating in the market. The Global Lidar Market report is a compilation of different segments, including market breakdown by product type, application, range, deployment, region, and country.

The global lidar market, based on product type, has been segmented into mechanical and solid-state lidar. The mechanical segment is expected to maintain its dominance during the forecast period in the global lidar market.

The global lidar market, by application, has been segmented into automotive, mining, agriculture, engineering and planning, and transportation, among others. The engineering and planning segment dominated the global lidar market in 2019 in terms of value and is expected to maintain its dominance through the forecast period.

Based on the region, the global lidar market has been segmented into Asia-Pacific and Japan, Europe, the U.K., China, North America, South America, and the Middle East and Africa. Each region is segmented into countries. Data for each of these regions and countries is provided by product type and application.

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Key Questions Answered in this Report:

Market Dynamics

Growth Drivers

  • Increasing Adoption of Lidars in Automotive Applications
  • Increasing Adoption of Lidars in Construction Applications
  • Superior Performance of Lidar Over Other Sensors

Challenges

  • Impact of COVID-19 on Semiconductor Industry
  • Inaccurate Output in Adverse Weather Conditions
  • High Cost of Lidar

Opportunities

  • Growing Market Share for Solid State Lidar to Create Greater Opportunities for Players in its Ecosystem
  • High Potential for Technical Innovation for Cost Reduction

Companies Mentioned

  • Analog Photonics LLC
  • Beijing Surestar Technology Co. Ltd.
  • Benewake Co., Ltd.
  • Hexagon AB
  • Innoviz Technologies Ltd.
  • LeddarTech Inc.
  • Luminar Technologies, Inc.
  • Neptec Technologies Corp.
  • Phantom Intelligence Inc.
  • Quanergy Systems, Inc.
  • SICK AG
  • Suteng Innovation Technology Co., Ltd. (RoboSense)
  • Trimble Inc.
  • Velodyne Lidar, Inc.
  • YellowScan

For more information about this report visit https://www.researchandmarkets.com/r/lltozx

View source version on businesswire.com:https://www.businesswire.com/news/home/20201109005924/en/

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SOURCE: Research and Markets

Copyright Business Wire 2020.

PUB: 11/09/2020 01:06 PM/DISC: 11/09/2020 01:06 PM

http://www.businesswire.com/news/home/20201109005924/en