(MENAFNEditorial) iCrowdNewswire - Dec 8, 2017
The globalWind LiDAR marketis expected to witness significant growth over the forecast period owing to its rising applications from the end user industries such as civil engineering, defense, mining, robotics, and transportation. Furthermore, growing awareness among companies regarding wind LiDAR to be used for applications such as topographical survey, corridor mapping, and volumetric mapping is anticipated to drive the market growth over the next eight years. In addition, the growing adoption of wind LiDAR for accurately measuring the wind speeds coupled with rising 3D imaging technology application for estimating wind turbulence to increase energy output for wind farms is further projected to propel the sector demand over the forecast period.
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The market is projected to witness proliferated demand over the next eight years owing to increasing image resolution capabilities; rising improved automated processing ability in data processing and growing adoption of aerial systems for exploring & detecting historic details. However, growing stringent regulation imposed on manufacturers due to rising environmental concerns coupled with increasing fluctuation in the raw material prices coupled with rising initial setup technology cost has enabled the market to witness hindered growth over the next eight years.
The market is segmented by component into GPS, navigation, data storage & management systems, and laser Scanners. The Airborne GPS segment accounted for a major market share in 2015 and it is expected to report similar trend over the forecast period owing to growing demand from wind and defense sector. The data storage & management systems segment is anticipated to witness the fastest growth over the next eight years owing to increasing demand from industries such as aerospace, transportation, and mining.
The wind LiDAR market is highly competitive primarily to the presence of several domestic and international suppliers. Though, the sector has the presence of various new players, who face difficulty in competing with other major companies in terms of functionalities, features, quality, and services. Over the forecast period, the growing new product development activities coupled with increasing adoption of new technologies for achieving operational efficiency has enabled the competition to become more aggressive.
Key players in the market include Airborne Hydrography AB, Aerometric, Faro Technology, Firmatek, and 3D Laser Mapping. Few other companies in the market include Avent Technology, Airborne Imaging Inc., Intermap Technologies Corp., Digital world Mapping, Optech Incorporated, Mosaic 3D, and Reign USA. The market is highly consolidated having more than 40% market share by top five companies
On the basis of product, Wind Lidar Market Report is segmented as
- Compact Lidar
- Large-scale Coherent Doppler Lidar System
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On the basis on the end users/applications, Wind Lidar Market Report is segmented as
- Wind Power
- Aviation Weather
- Weather & Climate
- Other
On the basis of geography, the global Wind Lidar Market Size spans North America, Europe, Asia Pacific, and Rest of the World.
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