The global LiDAR market is expected to reach USD 944.3 million by 2022, according to a new study by Grand View Research, Inc. Technological advancements in automated processing ability in image processing and data processing capabilities are anticipated to be the major factors to spur growth. Rising government initiatives towards the adoption of these systems and increasing automation leading to reduced human efforts are also expected to drive demand. The LiDAR market is expected to witness significant growth owing to large infrastructure investments along with the need for road mapping. Further, the segment is also expected to witness high growth due to increased penetration across wind projects, transportation agencies, and urban data acquisiton. Increased resolution by the use of mobile mapping as compared to airborne mapping is the result of reduced standoff distance.
http://www.grandviewresearch.com/industry-analysis/lidar-light-detection-and-ranging-market
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