Over the past few years, the LiDAR market has witnessed significant advancements which are transforming LiDAR systems throughout the world. In North America, the U.S. is a mature market for LiDAR. However, the countries such as Canada and Mexico are expected to become the new revenue-generating markets for the LiDAR market. The LiDAR market in these emerging regions is primarily driven by various economic developments. Moreover, LiDAR market is driven by factors such as automation, huge projects in terms of revenue for LiDAR, compared to substitute technologies, technological superiority.
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LiDAR is one of the most advanced and accurate methods among the commercially available digital-mapping techniques, currently. Some of the major advantages that LiDAR has over the other substitute technologies include better safety, 24x7 data collection ability, speed, and so on. By nature, LiDAR is more accurate than most of the other digital mapping techniques available today.
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Currently, apart from the government-initiated applications, many commercial applications are adopting LiDAR’s to serve the purpose. These applications include civil engineering, military, defense and aerospace, corridor mapping, topographic surveys, and volumetric mapping. Due to the LiDAR adoption by various applications in the U.S., the U.S. market has grown enormously as compared with the other regions. This growth in the U.S. market has resulted in boosting the overall market size of the North American region.
The North America LiDAR market is segmented by product type such as airborne LiDAR, terrestrial LiDAR, mobile LiDAR, and short-range LiDAR. Mobile LiDAR type is gaining popularity due to the convenience and user experience they offer. Thus, many companies are in pursuit to harness this opportunity. Mobile LiDAR system is similar to the general terrestrial LiDAR except for the fact that it is mounted on a mobile platform, preferably a terrestrial vehicle. The advantage of being mounted on vehicle is that it enables the LiDAR to scan large areas accessible by road. It can be used for the following applications: transportation design, asset management, utility transmission lines, vegetation encroachment, construction management, and harbor and shoreline mapping.
