The broad range of downstream markets that use LIDAR technology insulated industry participants from the economic downturn, enabling the industry to thrive over the past five years. Lower usage costs and greater efficiency in LIDAR data acquisition are making the technology more accessible to end users, increasing the industry's customer base and bolstering revenue. In the next five years, industry growth is expected to continue, though rising internal competition is anticipated to pressure profit.
Companies in this industry manufacture Light Detection and Ranging (LIDAR) equipment, which is an optical remote sensing technology that can measure the distance to, or other properties of, a target by illuminating the target with pulses from a laser. This industry excludes revenue earned from providing LIDAR processing services and processing software. However, processing software is essential in the use of LIDAR systems and many industry operators provide this software to customers.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.