Increasing investments by leading companies, such as Ford, General Motors, in LiDAR services is one of the major reason of growth in this market.

Pune, Maharashtra -- (SBWire) -- 05/11/2018 --The author of the report analyzed that the global LiDAR services market accounted for US$ 899.0 million in 2017. Light Detection and Ranging (LiDAR) system consists of a laser, which measures distances, to study land and geographic divisions, forestry and agriculture, etc. The emerging applications of LiDAR in infrastructure development, for capturing undiscovered sites and difficult terrains has resulted in increased government spending in this field leading to its market growth

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Increasing investments by leading companies, such as Ford, General Motors, in LiDAR services is one of the major reason of growth in this market. These companies use LiDAR systems in their self-driving vehicles to create a precise, 3D virtual picture of an environment. LiDAR services Market can be used to collect data only in appropriate weather conditions. The presence of unclear weather conditions such as rain, snow, fog or smoke does not provide precise data, which restricts the use of LiDAR services. The constraints caused by such weather conditions can hamper the growth of the market.

GIS Services segment is estimated to grow at a significant rate during 2018-2026.
The GIS services segment is projected to be the largest and fastest growing segment over the mentioned forecast period. The GIS services has its applications in various domains such telecommunication and GIS in cloud which has helped driven the growth of this segment. Moreover, the government organizations are majorly using GIS services for urbanization, land-planning, forestry, etc

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North America is Anticipated to Hold a Significant Share in the Global Market.
North America held the largest share in the global LiDAR services market. The high growth of the region is attributed to the high rate of investments in the LiDAR services. Moreover, U.S. government is employing this service for other application such as infrastructure development, which is expected to drive the market during 2018 – 2026

LiDAR Services Market is Fragmented in Nature with the Presence of Global and Regional Players
Some of the significant players functioning in some of the significant players functioning in the Global market includes Faro Technology, GeoDigital, Harris Corporation, Leica Geosystems AG, Quantum Spatial, RIEGL Laser Measurement Systems GmbH, Sick AG, Trimble Inc., Velodyne LiDAR Inc., and YellowScan, amongst others. In September 2016, Faro Technology launched a VectorRI Imaging Laser Radar, a new class of LiDAR along with High Speed Imaging (HSI) technology.

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LiDAR Services Market - By Services
GIS Services
Asset Management
Aerial Surveying
Ground-Based Surveying
Mapping and Modeling

LiDAR Services Market - By Application
Environment
Corridor Mapping
Engineering
Advanced Driver Assistance System
Metrology
Exploration
Cartography
Urban Planning

Market By Region
North America
Europe
Asia Pacific
Middle East and Africa
Latin America

Highlights covered in LiDAR Services Market :
In-depth market analysis, including information about current LiDAR Services Market drivers and challenges
An exhaustive study on the expected trends, changing market dynamics and market intelligence
analysis and discussing the potentiality of buyers and sellers operating in the market, which is likely to help in developing efficient strategies
Detailed analysis of the changing competitive scenario and thorough vendor analysis