London, 30 January 2015 – TechNavio, a tech-focused research firm has published a new report on the Global LiDAR Market, which is expected to grow at a CAGR of 19.2 percent from 2014-2018.
According to the latest report from TechNavio, advances in LiDAR technology are a major driver behind the growth of the Global LiDAR market. Developments in global positioning system (GPS) and inertial navigation unit (INU) technologies—two essential components—have helped light detection and ranging (LiDAR) technology become commercially feasible.
“Advances in technology have made LiDAR more accurate and affordable, thus resulting in an increase in its use in many new applications like flood zone mapping and measuring landslide potential,” says Faisal Ghaus, Vice President of TechNavio.
The TechNavio report also emphasizes advancements that have resulted in an increase in the number of application areas for LiDAR technology. Both airborne and terrestrial LiDAR systems are finding new applications like digital surface modeling and long-range imaging, thus leading to the growth of the overall market.
“Furthermore, LiDAR providers are working to standardize the technology worldwide, while also providing customized solutions for specific client requirements,” says Ghaus.
TechNavio currently has more than 3000 market research reports on a huge range of topics, including:
https://www.technavio.com/%3Cp%3E%3Cstrong%3EAbout%20TechNavio%3C/strong%…
