Asia Pacific Light Detection and Ranging System Market Growth, Size Trends and Forecasts 2016-2022

A new report published by Allied Market Research, titled, Asia-Pacific LiDAR Market, states that the Asia-Pacific Light Detection and Ranging (LiDAR) market is expected to generate revenue of $205.6 million by 2022, growing at a CAGR of 25% from 2016 to 2022. China is the leading LiDAR systems market in Asia-Pacific, followed by Japan. Factors such as increase in use of drones in various applications such as agriculture, cartography and corridor mapping, technological superiority of LiDAR systems over other conventional technologies, and rising demand for 3D imaging has increased the demand for mapping systems equipped with LiDAR.

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Aerial/airborne LiDAR systems have a significant share in the Asia-Pacific LiDAR market due to their demand in defense and civil infrastructure applications. Among the other systems, which include terrestrial LiDAR, Mobile LiDAR and short range LiDAR; mobile systems are expected to witness the highest growth during the forecast period.

Laser component is the largest revenue contributor that accounts for over 36% of the overall revenue, throughout the forecast period. Lasers are projected to dominate the components segment of the Asia-Pacific LiDAR market due to emerging applications in meteorology and autonomous vehicles, which would drive use of lasers. Camera is anticipated to be one of the most lucrative segments, in terms of growth, with an anticipated CAGR of 33.0% from 2016 to 2022, owing to developing 3D imaging technologies.

Corridor mapping is projected to dominate applications segment accounting for around 48% share in 2015, because of an increase in the demand for various applications including urban modelling, flood mapping, and forestry and other applications. However, the seismology segment is expected to register a significant growth, with an...