KEY FINDINGS The Europe LiDAR technology market is expected to rise with a CAGR of 22.47 % over the forecast period of 2018-2026.
MARKET INSIGHTS The applications of LiDAR technology vary among the European countries. LIDAR has its advantages of high precision,high efficiency and quick 3-dimensional modeling. LIDAR technology has wide application prospects in many fields. For instance, it is used for monitoring railways in UK, France, Germany and Spain; while in France and Italy it is used for urban planning and development.
The majority of the LiDAR systems are carried out via drones, and their market share is anticipated to the reach over $300 million by 2019. This is majorly due to the drop in drone prices and availability of cost-efficient technology. The demand for applications of aerial-borne LiDAR systems is expected to increase over the forecast period. The UK market dominated the European region in 2017. However, the Italian market is expected to rise with the highest CAGR over the forecast period, owing to its increasing drone market.
COMPETITIVE INSIGHTS Companies like Airborne Hydrography AB., Applied Imagery Systems Inc., Zephir LiDAR Inc., Lesophere Inc., Avent LiDAR Technology Ltd., Grind GIS, Valedyne Ltd., DEWI Inc., IDERM Inc., Mirukuru Co. Ltd., Geonica SA, Kintech Engineering, Teledyne Optech, Leica Geosystems, Topcon Inc., are dominating this region.