Key Findings
The Asia Pacific LiDAR market is anticipated to project a CAGR of 23.69%, across the forecast years of 2021 to 2028. The region’s primary market growth drivers are, the rising research and development endeavors within the technology sector, and the efforts established by numerous nations to use LiDAR systems in major applications like, railway and roadway analysis, city remodeling, corridor mapping, and airport mapping.

Market Insights
The Asia Pacific LiDAR market growth analysis includes Japan, Australia & New Zealand, India, Indonesia, South Korea, China, Thailand, Vietnam, and the rest of the Asia Pacific. India’s construction sector is anticipated to observe a growing trend, over the upcoming decade. The growth would primarily be accredited to the expanded involvement of the private sector, and the stable government support in terms of infrastructural developments. Moreover, the increased private sector and government investments, particularly in residential and non-residential buildings, are likely to bolster India’s construction sector, during the forecast period.
On the other hand, as the numbers of start-ups across the globe continue growing, a similar trend is observed in South Korea, as well. For instance, SOS Lab, an LiDAR technology start-up in the country, was awarded the ’excellence and creative effort to invent’ at the inaugural Silicon Valley International Invention Festival (SVIIF 2018), for its patent hybrid scanning LiDAR design. Moreover, the enterprise is also concentrating on combining AI-based object recognition and hardware-based sensors, and tracking technology, through the 3D-print cloud LiDAR data. Therefore, these factors are anticipated to drive the market growth.

Competitive Insights
Some of the distinguished companies operating in the market include, Topcon Corporation, RIEGL Laser Measurement Systems GmbH, Teledyne Optech, Faro Technologies Inc, etc.
Our report offerings include:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation cater to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments