U.S.-based market research firm Transparency Market Research (TMR) announces the release of a new market study.
The report is titled ‘LiDAR Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020’.The historical value of the global LiDAR market, taken in the base year 2013, was US$225 million. The market is expected to ride the rising wave of acceptance of LiDAR technology to expand to US$605.5 million by 2020.
Browse the full LiDAR Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020 report at http://www.transparencymarketresearch.com/lidar-market.html.
The prime growth driver for the global LiDAR market, as found by TMR experts, is the supreme sophistication it offers in terms of refinement in mapping.
This is a huge improvement over all conventional and presently used mapping technologies. Like any new technology, the LiDAR market is set for phenomenal growth, having overcome the primary hurdles of gaining the attention of the powers that be.