LiDAR Market Regional Analysis:
North American Market Insights
The LiDAR market in North America is poised to dominate 43% revenue share by 2035. The growth of the market can be dominated majorly by the rising demand for platoon operations in the region.
Based on US Department of Transportation data, the total states that have permitted commercial truck platooning account for 51% of freight miles within the country. The rising demand for automated vehicles, with features, such as ADAS radar systems and AEB is also expected to augment the market growth in the region.
European Market Insights
The Europe LiDAR market is expected to witness significant growth during the forecast period. This can be attributed majorly to the rising usage of LiDAR by the government to enable the study and analysis of historic landscapes. The government of the United Kingdom has been collecting LiDAR data for over 17 years and making it accessible to the public. According to a government official, the data will be leveraged by archaeologists who are interested in investigating historic infrastructures.
