Industrial Vending Machines Market Is Projected To Grow Rapidly Due To The Rising Inclination Of Consumers Toward Cashless Payments Till 2025: Grand View Research, Inc.

 

The global intelligent vending machines market is expected to reach USD 11.84 billion by 2025, according to a new study by Grand View Research, Inc. The surge in the penetration of self-services technology across North America and Europe is anticipated to drive the industry growth over the next nine years. Intelligent vending machines incorporate energy efficient electronic equipment including efficient lighting components, such as LEDs, compressors, and sensors, that help in conserving energy.

Industry players are progressively participating and promoting initiatives, such as Refrigerants and Naturally!, that help in eliminating and minimizing the release of hydrofluorocarbons (HFC) from vending machines. This is subsequently impelling the demand for HFC-free products such as intelligent vending systems.

The incorporation of ground-breaking features, such as voice and face recognition that enables interaction between the machine and the consumer, is energizing the industry growth prospects. These features add intelligence to the systems by detecting and responding to consumers and offer a dynamic visual experience with interactive promotions.

The increasing consumer preference toward cashless payments is a favorable trend observed in the market. The acceptance of payments through technologies, such as Near-field Communication (NFC), is instrumental in driving public interest owing to the easier, faster, and contactless modes of payment. These modes help in decreasing the cash management costs and subsequently decrease threats such as theft and vandalism.

Intelligent dispensing systems help in gaining insights regarding consumer behavior, preferences, and buying patterns. Interactive displays help vendors to generate more revenue through the display of advertisements and loyalty programs.

U.S. intelligent vending machines market, by type, 2014–2025 (USD Million)

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Browse full research report on Industrial Vending Machines Market: https://www.grandviewresearch.com/industry-analysis/intelligent-vending-machines-industry

Further key findings from the report suggest:

  • The hot drinks type segment dominated the industry, accounting for more than 62% of the overall volume due to the surging demand for refreshment drinks
  • Office vending systems are expected to gain momentum as they facilitate employees to grab a quick snack in between breaks without the need of placing an order and waiting for it to be processed
  • The Asia Pacific region is predicted to emerge as the fastest growing market due to the increased demand in public transport applications in emerging countries, such as India and China
  • Prominent vendors operating in the market include Crane Co., Advantech Co. Ltd., Bianchi Vending Group S.p.A, Azkoyen Group, and Rhea Vendors Group
  • Increased focus on research and development activities and adoption of inorganic growth strategies are being observed in the industry

Browse more reports of this category by Grand View Research: https://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

Grand View Research has segmented the global intelligent vending machines market on the basis of type, application, and region:

Type Outlook (Revenue, USD Million; Volume, Thousand Units; 2014–2025)

  • Hot drinks
  • Snacks
  • Packaged drinks
  • Others

Application Outlook (Revenue, USD Million; Volume, Thousand Units; 2014–2025)

  • QSR, shopping malls, and retail stores
  • Offices
  • Public transport
  • Others

Regional Outlook (Revenue, USD Million; Volume, Thousand Units; 2014–2025)

  • North America
  • U.S.
  • Canada
  • Europe
  • UK
  • Germany
  • Asia Pacific
  • China
  • Japan
  • India
  • Latin America
  • Brazil
  • Mexico
  • Middle East & Africa

Access Press Release By Grand View Research: https://www.grandviewresearch.com/press-release/global-intelligent-vending-machines-market

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: http://www.grandviewresearch.com

 

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Smartwatches Market Is Projected To Grow Rapidly Due To Increasing Percentage Of Health/Fitness Conscious Population Till 2020: Grand View Research, Inc.

 

The global smartwatches market is expected to reach USD 19.62 billion by 2020, according to a new study by Grand View Research, Inc. Growing companion device demand is expected to give impetus to demand for smartwatches. Increasing percentage of health/fitness conscious population has resulted in high demand for wearable fitness monitoring and tracking devices, including smartwatches.

The number of industry participants is expected to increase manifold over the next six years. In addition to startups, the expected entry of established companies is estimated to significantly fuel market growth. Ensuring usability and visual appeal is a critical factor for enabling product adoption on a global level. Furthermore, managing the tradeoff between battery life and performance is critical for profitability.

Global Smartwatches Market, by Region, 2013

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Browse full research report Smartwatches Market: http://www.grandviewresearch.com/industry-analysis/smartwatches-market                          

Further key findings from the report suggest:

  • Global smartwatch shipments were close to 2 million units in 2013, and are expected to reach 135.3 million units by 2020, at a CAGR of 53.5% from 2014 to 2020.
  • High-end smartwatches accounted for approximately 90% of the global market in 2013. This segment is expected to lose market share to the mid-end and low-end segments over the forecast period. This can be attributed to the expected trend of decreasing selling prices with a growing number of manufacturers. Majority of consumers have been reluctant to invest in premium priced products on account of unclear benefits and lack of a value proposition.
  • North America accounted for the highest market share of 35% in 2013; this is mainly due to higher purchasing power as well as increasing demand for fitness tracking equipment. Asia Pacific is expected to be the fastest growing regional market over the next six years. The regional market is expected to be driven by high smartphone proliferation and usage of Internet services.
  • Industry participants include Samsung Electronics (Galaxy Gear), Pebble, Sony Corporation, Google Inc. and Qualcomm Inc. among others. R&D activities to drive innovation have been the key growth strategy for these companies. Established companies are expected to benefit from growing smartwatches demand, and drive revenue generation over the forecast period.

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies                         

Grand View Research has segmented the global smartwatches market on the basis of price segment and region:

Smartwatches Price Segment Outlook (Volume, Million Units and Revenue, USD Million; 2012 – 2020)

  • High-end
  • Mid-end
  • Low-end

Smartwatches Regional Outlook (Volume, Million Units and Revenue, USD Million; 2012 – 2020)

  • North America
  • Europe
  • Asia Pacific
  • RoW

 

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-smartwatches-market                                             

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: http://www.grandviewresearch.com

 

Digital Map Market Is Projected To Grow Rapidly Due To Increasing Number Of Smartphone & Internet Users Till 2025: Grand View Research, Inc.

 

The global digital map market size is estimated to reach USD 8.76 billion by 2025, growing at a CAGR of 11.5%, according to a new study by Grand View Research, Inc. The market is expected to witness substantial demand from navigational application developers and Geographical Information System (GIS) providers, who in turn are driven by a growing end-user base. The prolific rise in the number of smartphone and internet users has further augmented market growth at the global level.

Digital cartography has been gaining increasing attention in recent years owing to a rapid growth in demand for geospatial information. The growth in the number of connected and semi-autonomous cars, anticipated developments in self-driving and navigation technology, and an increase in the overall number of cars in developing countries are expected to drive the growth for digital maps across the globe.

Applications such as smart parking, location, traffic and congestion intelligence, and logistics management need routing and congestion updates in real time. As digital cartography has been developing at a rapid rate, it can support these applications with data feeds and information. In addition, the increasing number of businesses that are using location-based services for marketing and advertising is also estimated to enhance the demand growth in coming years.

Digital mapping is also finding renewed demand in the government & public sector as the demand for environmental and topographical information systems is on the rise. Furthermore, the need to maintain an updated information system for law enforcement officials, defense forces, and local governing bodies in light of recent manmade and natural threats is anticipated to propel the demand for maps.

Smooth interaction between maps and information systems is one of the most important criteria for product success in the market owing to which vendors are expected to focus more on data integration over the forecast period.   As the industry matures, key players are anticipated to indulge in mergers and acquisitions in order to keep abreast of the market developments and maintain a competitive edge in a rapidly evolving technological landscape.

North America digital map market, by application, 2014 – 2025 (USD Million)

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Browse full research report on Digital Map Market: http://www.grandviewresearch.com/industry-analysis/digital-map-market                    

Further key findings from the report suggest:

  • The effect of recent technological developments and the shift toward smartphones is expected to have a profound effect on the Personal Navigation Devices (PND) market
  • Collaborations and partnerships between car manufacturers, in-dash navigation system providers, and digital map data providers are predicted to define the way forward for the market.
  • Revenue generation models are estimated to differ considerably over the coming years with some vendors opting for revenue generation from data and information sales, while others opting for location-based services. There is also a high probability of vertical integration in the industry.
  • Developing regions in the world are expected to witness exploration activities, whereas developed countries would witness a growth in demand for real-time data and information.
  • Asia Pacific is the fastest-growing regional segment due to the growth of smartphone users as well as the number of cars in this region.

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies                      

Grand View Research has segmented the global digital map market based on technology, usage, service, application, and region:

Digital Map Technology Scope (Revenue, USD Million;2014 – 2025)

  • GIS
  • LiDAR
  • Digital Orthophotography
  • Aerial Photography
  • Others

Digital Map Usage Scope (Revenue, USD Million;2014 – 2025)

  • Indoor
  • Outdoor

Digital Map Service Scope (Revenue, USD Million;2014 – 2025)

  • Consulting
  • Development
  • Management

Digital Map Application Scope (Revenue, USD Million;2014 – 2025)

  • Automotive
  • Military & Defense
  • Mobile Devices
  • Enterprise Solutions
  • Government & Public Sector

Digital Map Regional Scope (Revenue, USD Million;2014 – 2025)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
  • South America
    • Brazil
  • MEA

 

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-digital-map-market                                        

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: http://www.grandviewresearch.com

 

Gesture Recognition Market To Gain Demand Quickly Due To Rising Use Of Consumer Electronics Till 2025: Grand View Research, Inc.

 

The global gesture recognition market is anticipated to reach USD 33.05 billion by 2025, growing at a CAGR of 21.3%, according to a new report by Grand View Research, Inc. Increasing digitization across various industries is driving the gesture recognition market. Ease of adoption due to low technical complexity for end users has made consumer electronics industry to gain highest market share. Many other industries also started using this technology.

Rising use of consumer electronics, Internet of Things, increasing need for comfort & convenience in product usage is driving the gesture recognition market. The technological advancement and ease of use have gained gesture recognition technology global acceptance. The increase in awareness about regulations and driver safety has increased the demand for gesture recognition systems in the automobile industry. Similarly, increasing customer fondness for application based technologies helping this market to grow.

Gestures are the visible body actions through which human express information to others without saying it. In our daily life, we can see several hand gestures which are frequently used for communication purposes. Hand gesture recognition is one of the advanced research fields which provides a way for human-machine interaction. Hand gesture recognition provides an intelligent method for human-computer interaction (HCI).

The market is very volatile and is experiencing a fierce competition, therefore, marked by an extensive presence of mergers and acquisitions. For instance, Intel Corp. acquired Omek Interactive Ltd. The key players in the market include Apple, Intel, Microsoft, and Google. Along with global giants, the homegrown players are also showing tremendous growth and attracting big investors. This scenario has taken the competition to a whole different level.

China gesture recognition market, by industry, 2014 – 2025 (USD Million)

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Browse full research report on Gesture Recognition Market: http://www.grandviewresearch.com/industry-analysis/gesture-recognition-market                

Further key findings from the report suggest:

  • The increasing digitization across various industries and & ease of adoption due to low technical complexity for end users are expected to drive the market.
  • The healthcare segment is expected to portray high growth rate with a CAGR of 26.1% over the projected period
  • The Asia Pacific region dominated the gesture recognition market in terms of revenue in 2016 and is expected to have significant growth over the forecast period.
  • The key players of the market include eyeSight Technologies Ltd (Israel), and Infineon Technologies AG (Germany).

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies                   

Grand View Research has segmented the gesture recognition market based on technology, industry and regions:

Technology Outlook (Revenue, USD Million; 2014 – 2025)

  • Touch-based
    • Multi-Touch System
    • Motion Gesture
  • Touchless
    • Capacitive/Electric Field
    • Infrared Array
    • Ultrasonic Technology
    • 2D Camera-Based Technology
    • 3D Vision Technologies

Industry Outlook (Revenue, USD Million; 2014 – 2025)

  • Automotive
    • Lighting System
    • HUD
    • Biometric Access
    • Others
  • Consumer Electronics
    • Smartphone
    • Laptops & Tablets
    • Gaming Console
    • Smart TV
    • Set-Top Box
    • Head-Mount Display (HMD)
    • Others
  • Healthcare
    • Sign Language
    • Lab & Operating Rooms
    • Diagnosis
  • Others
    • Advertisement & Communication
    • Hospitality
    • Educational Hubs

Regional Outlook (Revenue, USD Million; 2014 – 2025)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
  • Asia Pacific
    • China
    • India
    • Japan
  • South America
    • Brazil
  • Middle East and Africa (MEA)

 

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-gesture-recognition-market                                    

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: http://www.grandviewresearch.com

 

Smart Agriculture Market Is Predicted To Grow Swiftly Due To Growing Implementation Of The Controlled Environment Agriculture Concept In Greenhouses Till 2025: Grand View Research, Inc.

The global smart agriculture/farming market is anticipated to reach USD 18.21 billion by 2025, according to a new report by Grand View Research, Inc. Factors such as consistent growth in population, low availability of cultivable land, government incentives, and demand for fresh and high-quality food are expected to drive the smart greenhouse market. According to World Health Organization (WHO) and Population Council, 80% of the global population resides in urban cities. The prevailing scarcity of land in urban cities has urged growers to adopt new solutions for developing fresh produces. For instance, the vertical farming technique enables consumers to grow crops indoor in layers, in a multi-story building, stacked on racks, or in a warehouse.

The growing population is expected to result in an increased food demand by 2050. Farmers are likely to witness immense pressure in increasing crop production either by making more land available to grow crops or adopting newer techniques, such as smart agriculture and vertical farming. Traditional farming techniques witness several barriers such as climate change, high labor cost. These disadvantages can be overcome with the use of technologies such as LED indoor farming, which creates a nature-like condition to help farmers meet the swelling food demand. Additionally, the changing preference of consumers toward healthier and fresh foods is expected to drive market growth over the forecast period.

Agri M2M offers significant opportunities to mobile operators owing to its potential to generate additional revenue through value-added services. For instance, bundling M2M services with a voice or data offering for rural enterprise customers is likely to enhance the application of M2M.

Agri VAS has been developed to overcome the information gap faced by farmers in emerging markets such as China and India. Additionally, it also helps in connecting the cultivators with other key players in the agriculture supply chain. Agriculture Value Added Services (VAS) have increased over the past few years owing to their rising awareness among VAS providers, mobile operators, and farmers. A few types of M2M connectivity include cellular M2M, satellite & fixed network, power line, and short range connections such as Wi-Fi, Ethernet, and ZigBee.

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Browse full research report on Smart Agriculture/Farming Market: http://www.grandviewresearch.com/industry-analysis/smart-agriculture-farming-market            

 Further key findings from the report suggest:

  • The growing trend of producing bio-pharmaceutical products under a controlled environment is expected to drive the smart greenhouse market demand over the projected period.
  • The software segment is expected to portray the highest growth rate, registering a CAGR of 16.7% over the forecast period.
  • The LED grow light segment is anticipated to witness a considerable growth rate over the forecast period.
  • The indoor farming technique makes use of LED to create natural surroundings for growing vegetables and herbs.
  • The advent of modern agriculture technology along with the flexible pricing of connected devices is likely to influence the South American regional market demand.
  • Various organizations are investing heavily in R&D to offer efficient and low-cost solutions to consumers.
  • Key players in the smart farming market includeCropMetrics LLC (U.S.), Drone Deploy (U.S.), DeLaval International AB (Sweden), DICKEY-john Corporation (U.S.), and Farmers Edge, Inc. (Canada), among others.

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies                    

Grand View Research has segmented the smart agriculture market based on agriculture type, offering, application, and region:

Type Outlook (Revenue, USD Million; 2014 – 2025)

  • Precision farming
  • Livestock monitoring
  • Smart greenhouse
  • Others

Offering Outlook (Revenue, USD Million; 2014 – 2025)

  • Hardware
    • Automation & control systems
      • Drones
      • Application control devices
      • Guidance system
        • GPS
        • GIS
      • Remote sensing
        • Handheld
        • Satellite sensing
      • Driverless tractors
      • Mobile devices
      • VRT
        • Map-based
        • Sensor-based
      • Wireless modules
        • Bluetooth technology
        • Wi-Fi technology
        • Zigbee technology
        • RF technology
      • Milking robots
    • Sensing devices
      • Soil sensor
        • Nutrient sensor
        • Moisture sensor
        • Temperature sensor
      • Water sensors
      • Climate sensors
      • Others
    • HVAC system
    • LED grow light
    • RFID tags & readers
  • Software
    • Web-based
    • Cloud-based
  • Services
    • System integration & consulting
    • Maintenance & support
    • Managed services
      • Data services
      • Analytics services
      • Farm operation services
    • Assisted professional services
      • Supply chain management services
      • Climate information services

Application Outlook (Revenue, USD Million; 2014 – 2025)

  • Precision farming application
    • Yield monitoring
      • On-farm
      • Off-farm
    • Field mapping
    • Crop scouting
    • Weather tracking & forecasting
    • Irrigation management
    • Inventory management
    • Farm labor management
  • Livestock monitoring application
    • Milk harvesting
    • Breeding management
    • Feeding management
    • Animal comfort management
    • Others
  • Smart greenhouse application
    • Water & fertilizer management
    • HVAC management
    • Yield monitoring
    • Others

Regional Outlook (Revenue, USD Million; 2014 – 2025)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
  • South America
    • Brazil
  • Middle East and Africa (MEA)

 

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-smart-agriculture-farming-market                                 

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: http://www.grandviewresearch.com

Surge Protection Devices Market To Experience Lucrative Growth Due To High Cost Associated With Electrical Equipment Downtime Till 2025: Grand View Research, Inc.

 

The global surge protection devices (SPDs) market is expected to reach USD 3.39 billion by 2025, according to a new study by Grand View Research, Inc. The high costs incurred due to electrical equipment downtime are expected to surge the demand for these devices over the forecast period.

The need for protection against lightning and voltage fluctuations has triggered the implementation of SPDs. These devices are available in various types, which are used in an electrical distribution system depending on location requirements. Surge protection devices also ensure proper functioning of electrical equipment during surges caused lightning strikes. Thus, implementation of SPDs is of prime importance for any business or residential and commercial buildings.

The Asia Pacific region is one of the key regions for outsourcing services, owing to favorable government policies. This has led to a significant growth in the number of data centers across the region. As these data centers store information of high importance to the user, any failure in their functioning, due to downtime caused by an electrical surge, would lead to heavy losses. Moreover, increasing renewable energy generation projects across rural regions are further expected to bolster the use of SPDs.

The rise in disposable income has enabled the adoption of expensive consumer electronic. As these electronic products are subject to regular internal surges, it is essential to safeguard them. Furthermore, in developed regions, the well-established information technology industry is encouraging the use of surge protection devices on a large-scale for protecting electronic hardware such as data servers, desktops, and electrical supply equipment.

North America surge protection devices market, by application, 2014 – 2025 (USD Million)

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Browse full research report on Surge Protection Devices Market: http://www.grandviewresearch.com/industry-analysis/surge-protection-devices-market          

Further key findings from the report suggest:                     

  • The type 2 SPD segment was valued at USD 610.1 million in 2016
  • The growing number of hospitals in developing economies, such as India and China, along with widespread healthcare network in developed countries, is anticipated to foster market growth
  • Increased electrification of rail networks, coupled with the growing popularity of electric vehicles and their required infrastructure, is predicted to boost the growth prospects of SPDs in the near future
  • The North American region is expected to significantly contribute to the industry growth and represented the largest market size with USD 778.3 million in 2016, owing to the widespread awareness of the benefits of SPDs
  • The key industry participants include ABB Ltd, Advanced Protection Technologies, Inc., G Power and Industrial Solutions Limited, Eaton Corporation PLC, Emerson Electrical Co., General Electric, Legrand S.A., Schneider Electric, Siemens AG, and Tripp Lite

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies                   

Grand View Research has segmented the surge protection devices market based on product types, power ratings, applications, and regions:

Surge Protection Devices Product Type Outlook (Revenue, USD Million; 2014 – 2025)

  • Type 1
  • Type 2
  • Type 3
  • Type 4

Surge Protection Devices Power Rating Outlook (Revenue, USD Million; 2014 – 2025)

  • 0-50 kA
  • 50.1-100 kA
  • 100.1-200 kA
  • 200.1 kA and Above

Surge Protection Devices Application Outlook (Revenue, USD Million; 2014 – 2025)

  • Commercial
  • Data center
  • Industrial
  • Medical
  • Residential
  • Telecom
  • Transportation
  • Other End-Uses

Surge Protection Devices Regional Outlook (Revenue, USD Million; 2014 – 2025)

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
  • Asia Pacific
    • China
    • India
    • Japan
  • South America
    • Brazil
  • Middle East & Africa (MEA)

 

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-surge-protection-devices-spd-market                                

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: http://www.grandviewresearch.com

 

LiDAR Market Is Predicted To Grow Swiftly Due To Automobile Safety Application Arenas Till 2024: Grand View Research, Inc.

 

The global LiDAR market is expected to reach USD 1.34 billion by 2024, according to a new report by Grand View Research, Inc. The surging acceptance in environmental mapping and automobile safety application arenas is expected to boost the market growth. The increasing acceptance in the construction and architectural segment for monitoring & 3D-modeling applications is further anticipated to bolster the market growth.

The market can be categorized on the basis of application types into corridor mapping, engineering, environment, exploration, Advanced Driver Assistance Systems (ADAS) & others. The ADAS application segment is expected to grow at a remarkable pace owing to the surging incorporation in automotive safety and forward-collision avoidance systems; for instance, in Automatic Emergency Braking (AEB) systems to reduce the number of car crashes.

In July 2016, Velodyne LiDAR (U.S.) announced a partnership agreement with Dibotics (France), a Paris-based pioneer in the infrastructure-less and GPS-denied navigation. Dibotics would be providing consulting services to Velodyne customers in the 3D SLAM software segment, where the company would make contributions to the Dibotics platform in augmenting its technology deployed with Velodyne’s 3D LiDAR sensors.

North America Lidar Market Revenue By Product Type, 2014 – 2024 (USD Million)

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Browse full research report on LiDAR Market: http://www.grandviewresearch.com/industry-analysis/lidar-light-detection-and-ranging-market                

Further key findings from the report suggest:

  • The global LiDAR market is estimated to grow significantly over the forecast period due to automation in numerous industries, leading to reduced human efforts and increased efficiency. The technological superiority of LiDAR and several engineering projects of the large magnitude are estimated to trigger the demand by 2024.
  • Airborne systems are expected to remain the dominant product segment over the forecast period. The segment is anticipated to gain prominence over the forecast period on account of the surging adoption of aerial mapping devices. Mobile terrestrial scanning is a frequently preferred survey method in monitoring, conservative topography, and geospatial mapping. UAV systems, also popularly known as drone mappers, are a contemporary mapping technique that incorporates LiDAR devices mounted on a drone to conduct scanning & associated mapping operations.
  • North America is expected to emerge as one of the leading regional markets owing to the rising R&D spending coupled with high adoption in the automotive sector and environmental scanning & modeling operations. Asia Pacific is expected to witness a substantial growth over the forecast period. The surge in the demand across the product segments is expected to spur the market demand.
  • The key industry participants include Velodyne LiDAR, Inc., Leica Geosystems Holdings AG, Faro Technologies Inc., Trimble Navigation Limited, and RIEGL USA Inc. The current market environment is witnessing an intense competition between the key players for achieving the market domination via product differentiation and enhancement of quality.

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry-analysis/lidar-light-detection-and-ranging-market  

Grand View Research has segmented the global LiDAR market on the basis of product type, application type, component type, and regions:

LiDAR Product Type Outlook (Revenue, USD Million, 2014 – 2024)

  • Airborne
  • Terrestrial
  • Mobile & UAV

LiDAR Application Type Outlook (Revenue, USD Million, 2014 – 2024)

  • Corridor Mapping
  • Engineering
  • Environment
  • Exploration
  • Advanced Driver Assistance Systems(ADAS)
  • Others

LiDAR Component Type Outlook (Revenue, USD Million, 2014 – 2024)

  • Laser Scanner
  • GPS
  • Navigation
  • Others

LiDAR Regional Outlook (Revenue, USD Million, 2014 – 2024)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • China
    • India
    • Japan
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-lidar-market           

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: http://www.grandviewresearch.com