The Asia Pacific LiDAR technology market is expected to rise by a CAGR of 24.46% over the forecast period of 2018-2026.
The LiDAR systems are mainly deployed for geological surveys and mapping for most of the countries in the Asia Pacific region. Also, it has been anticipated that in the next five years, megacities like Tokyo, Melbourne, Sydney, and Shanghai will have more than 12% of the transportation running via autonomous technologies. The majority of the LiDAR systems are carried out via drones, which would even increase the demand for these systems in the unexplored markets. The China market dominated the Asia Pacific region in 2017. However, the Indian market is expected to rise with the highest CAGR over the forecast period, closely followed by Australia.
Asia-Pacific LiDAR market enjoys a presence of eminent players like Jinhua Lanhai Photoelectic Technology Inc., Shenzhen GHF Technology Co Ltd, GIS Ltd., Geokno Inc., Mitsubishi Electric Ltd., Toyota Electric Ltd., Avent LiDAR Technology Ltd., Teledyne Optech Inc., Quanergy, Pentalum Technologies, and Harrison Corp.