India LiDAR Market Size, Growth, Opportunity and Forecast 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “India LiDAR Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the India LiDAR market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the India LiDAR Market?

The India LiDAR market size is projected to exhibit a growth rate (CAGR) of 22.8% during 2023-2028. 

What is LiDAR Market?

LiDAR, or light detection and ranging, is a remote sensing technology that uses laser light to measure distances and generate precise, three-dimensional information about the shape and surface of the Earth. This technology is increasingly utilized in various fields, such as automotive, construction, agriculture, and environmental monitoring. The ability to provide accurate mapping and modeling has made LiDAR an indispensable tool in modern urban planning and infrastructure development. Recent advancements in solid-state LiDAR and a decline in costs have further expanded its applicability and popularity, thus marking it as a vital component in today's technological landscape.

What are the growth prospects and trends in the India LiDAR industry?

The extensive infrastructure projects, including highways, bridges, and rail, require precise measurements, which represent one of the key factors driving the growth of the market across India. In line with this, India's government implementing numerous initiatives like the smart cities mission, involving modern urban planning and infrastructure development is further boosting the growth of the market. The need for accurate mapping and surveying is contributing to the growth of LiDAR technology. In addition to this, LiDAR technology is increasingly applied in agriculture for soil analysis and crop monitoring, which is fitting well with India's strong agricultural sector. With the growing concerns for environmental management and disaster mitigation, LiDAR's role in flood modeling and forest conservation is becoming vital. Apart from this, the availability of cost-effective and advanced LiDAR systems aligns with the technological aspirations and needs of various industries within the country which is facilitating the growth of the market. Moreover, the growing understanding and acceptance of technology among businesses and individuals are creating a positive outlook for the market across the country.

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What is included in market segmentation?

The report has segmented the market into the following categories:

Installation Type Insights:

• Airborne
• Terrestrial

Component Insights:

• Laser Scanners
• Navigation Systems
• Global Positioning Systems
• Others

Application Insights:

• Corridor Mapping
• Engineering
• Environment
• Exploration
• ADAS
• Others

Regional Insights:

• South India
• North India
• West and Central India
• East India

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Key Highlights of the Report:                                                           

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• The Impact of COVID-19 on the Global Market
• Value Chain Analysis
• Structure of the Global Market
• Comprehensive mapping of the competitive landscape

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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