LiDAR market is projected to grow rapidly owing to surging demand from large scale engineering infrastructure projects till 2024 | Million Insights
FELTON, California, Sept. 2, 2019 /PRNewswire/ — The global LiDAR Market size is estimated to reach USD 1.34 billion by 2024. LiDAR market covers key segments such as terrestrial, airborne and mobile & UAV LiDAR systems. It is a surveying method that measures the distance with help of laser light and sensors that creates 3D representation of target. Airborne systems dominated in market share and are predicted to grow in forecast period. The advantages such as high accuracy and detailed information of Airborne system has increased their use over photogrammetry. The systems delivers large area mapping in short time and are efficient.