LiDAR

Geographic Information System (GIS) market to witness extensive proceeds from the O&G sector, APAC and North America to be pivotal growth grounds

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With location-based analytics and mapping forming an essential part of the future smart & sustainable technologies, GIS market is going a transformation of sorts in the recent times. Over the years, strong technological proliferation in geospatial services for remote sensing platforms and navigation have further accelerated the adoption of GIS solutions for obtaining critical information and real-time location data. With improved operational efficiency and enhanced decision-making, the advent of GIS technology has irrefutably brought a commendable transformation in the recent years.

Enumerated below are few examples of how GIS technology is faring across the popular industries.

Europe GIS Market Share, By Application, 2017 & 2024 (USD Million)
Europe GIS Market Share, By Application, 2017 & 2024 (USD Million)

Oil & Gas Industry:

As an industry that has registered itself as a vital part of the global economy, this capital sensitive oil & gas sector is one of the most lucrative segments of the global GIS industry. In fact, statistics depict that the oil & gas industry is driven by an anticipated 80% data that has a spatial component, harnessing geographical & spatial information at every possible stage of the life-cycle right from basin analysis to E&P activities to distribution and pipeline management. With GIS industry further bringing in extended spatial analytics and advanced mapping, the oil & gas sector is indeed emerging with the highest potential of GIS application over the entire life-cycle.

Agriculture Industry:

The agricultural sector has now widely adopted GIS and spatial mapping technologies for better assessing crop conditions, weather, and topography related information. The rapid adoption of drones for precision farming and agricultural applications have furthered the demand for GIS, in turn favoring the business growth. Estimates in fact claims the global GIS market from the agriculture segment to register a healthy growth rate of 15% over 2018-2024.

Government Sector:

The global GIS industry is considerably thriving on the copious amount of geospatial information used by the government agencies for taking data-driven decisions on national & state welfare. The government sector is in fact seen increasingly investing in deploying GIS software across the military, defense, and aerospace for carrying out terrain analysis, crucial surveillance as well as reconnaissance operations, battle field management, and monitoring of possible activities of terrorism.

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How is GIS helping to streamline regulatory processes?

As the utility of GIS is rapidly gaining momentum across the popular industries, the area of regulation & environmental litigation is particularly forming a profitable investment ground for potential stakeholders. The modern GIS technologies are helping the regulatory agencies to strictly monitor public lands, protect environment, and in conserving water resources.

Recently for instance, the Maharashtra (India) government has announced that it will be using the GIS mapping technology for identifying the illegal constructions in more than 170 major cities. According to the officials, there is no prevention nor any steps are generally taken to stop illegal construction. It is only after a building is constructed & people start residing, the issue is ranked up. The regional GIS market in this regard is thus gaining traction as the satellite mapping technology is expected to help the government monitor illegal construction at an early stage.

Smart Policing is another major concept that is emerging rapidly due to technological advancements brought forth in the global GIS industry. The police agencies worldwide are using geospatial technologies for identifying crime hot spots, mapping crime, identifying areas prone to inmate violence, and parole management. Thus, allowing the law enforcement authorities to better monitor situations, the GIS technology is witnessing strong adoption in streamlining regulatory process, which in extension is taking the growth curve of global GIS market several notches up.

Statistics depicting the exponential growth rate:

  • According to a report compiled by Global Market Insights, Inc., the global GIS market is estimated to be pegged at USD 4 billion in 2017, and is projected to hit a remuneration portfolio of USD 9 billion by 2024, depicting a 12% growth rate over the timeframe.
  • Taking into account the regional landscape, the North America GIS market held a dominant share of 40% in 2017, given the rapid adoption of geospatial technology across myriad industries.
  • With an anticipated CAGR of 15% over 2018-2024, the Asia Pacific GIS market, according to reports, is expected to emerge as lucrative investment hub for potential stakeholders.

On account of the vast application and regional scope it comes as no surprise that the GIS industry players are making rapid headways in reinforcing their global positions in unique ways. Recently, for instance, a GIS startup AmigoCloud has announced that it is on a mission to make satellite mapping easier. In order to make digital mapping available for everyone, the company has developed a unique cloud-based GIS app which can be downloaded from Google Play and Apple Store. The proliferations of such different start-ups and core industry players, is undeniably expected to propel the commercialization potential of GIS market in the ensuing years.

Author NameOjaswita Kutepatil

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A compact summary of ADAS market outlook with respect to the competitive spectrum: unveiling the numerous tactics undertaken by industry magnates to impel the business landscape

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The latest scoop making headlines in the Europe ADAS market is that of Italian super sports automaker, Maserati launching an upgraded version of its Ghibli sedan incorporated with new advanced driver assistance systems. Maserati’s initiative is clearly remnant of the developments underlining advanced driver assistance system (ADAS) market, that is currently moving ahead at a significant pace. Having recognized the extensive benefits of ADAS systems, numerous automakers have been working toward deploying this feature in their latest automobile brands. This paradigm shift toward implementing safety systems in vehicles on account of the increasing number of road accidents is certain to stimulate ADAS market trends.

U.S. Advanced Driver Assistance System Market, By Sensor, 2017 & 2024 (USD Million)
U.S. Advanced Driver Assistance System Market, By Sensor, 2017 & 2024 (USD Million)

In the face of potentially hazardous driving scenarios, autonomous systems have been taking increasing precedence in recent times. Consequently, major players in advanced driver assistance system industry are focusing on the development of advanced automated ADAS systems. In order to retain a control over driving, these systems are embedded with features like emergency braking, lane keeping, automatic parking, and adaptive cruise control. The incorporation of additional features such as machine learning and ADAS vision have even enabled vehicles to adapt themselves to adverse climatic conditions. In this respect, a brief outline of the contribution made by ADAS market firms in launching diverse live-saving technologies is enumerated in the paragraphs below.

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Jaguar Land Rover + Waymo

In order to expand the scope of smart transportation globally and consolidate their stance across myriad geographies, ADAS market players have been establishing partnerships with reputed technology providers. Recently, Jaguar Land Rover collaborated with Waymo to develop the first premium self-driving EV in the world for Waymo’s driverless transportation service. Waymo is also expected to work with Jaguar for designing the firm’s self-driving Jaguar I-Pace vehicles. This integrated partnership is a pivotal instance demonstrating the impact of lucrative liaisons in ADAS market.

Tata Motors + Wabco

The Indian OEM Tata Motors has scarcely extended its partnership with the pioneering technology provider, Wabco, having already deployed the latter’s ADAS facility in its vehicles. Tata has also conveniently implemented a collision mitigation system (CMS) and a lane departure warning system (LDWS) for its Signa and Prima trucks. The move apparently, is targeted toward the minimization of road accidents and the provision of occupant safety. Having already been a strong player in the India automotive industry, Tata, through this partnership, will further strengthen its position in the regional ADAS market as well.

Sinotruk + Wabco

In 2018, one of the prominent China-based heavy-duty truck manufacturers, Sinotruk Limited, extended its cooperation agreement with WABCO Holdings Inc., that supplies advanced technology for enhancing efficiency, connectivity, and safety of commercial vehicles. The deal is anticipated to substantially improve WABCO’s capability in innovative technologies such as ADAS, AMT, EBS, and ECAS. Incidentally, this agreement has so far, spanned almost three decades, and stands as a classic evidence to the fact that long-term business deals across the automotive sector are certain to propel advanced driver assistance system market size over the years ahead.

Groupe PSA + Harman

Although ADAS is one of the benchmark features introduced in automotive industry, it has been found that the system is massively prone to cyber-attacks. Therefore, numerous ADAS market giants have been continuously working on LIDAR and Radar sensors to control cybersecurity threats. Tech companies are playing their part in eliminating security issues as well and have been found developing advanced solutions to improve security measures in ADAS systems.

In this regard, recently, Groupe PSA collaborated with Harman International to design a cyber security strategy for protecting connected and next-generation autonomous vehicles. The collaboration is a vivid indicator of the fact that the growing concerns regarding cyberattacks and protection capabilities of ADAS integrated vehicles will play a pivotal role in augmenting advanced driver assistance system market outlook.

The rapidly shifting trends toward the adoption of technologically advanced vehicles are thus likely to fuel ADAS industry share in the ensuing years. As the demand for such vehicles continues to increase along with changing consumer preferences, companies in ADAS market will be looking forward to launching advanced safety solutions. In accordance with the same, strategic collaborations, joint ventures, and R&D program are expected to become highly commonplace in ADAS industry soon enough. Driven by a supportive regulatory spectrum and the robust requirement of technically developed automotive parts, advanced driver assistance system market size is forecast to exceed USD 67 billion by 2024.

Author Name : Sunil Hebbalkar

Government applications to prominently drive LiDAR market growth over 2016-2023

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Rising urbanization and infrastructural developments have noticeably stimulated global LiDAR market size over the recent years. Increasing number of projects along with high degree of efficiency and multi-viewpoint data collection worldwide are poised to bring interesting developments in the LiDAR industry trends. According to report by Global Market Insights, Inc., “ LiDAR Market share is predicted to surpass a revenue of USD 1.1 billion by 2023.” Emerging technological advancement such as optically extended MEMS (micro-electro-mechanical system) scanning mirror will boost the demand for LiDAR technology across low-altitude and light weight flying platforms.

A few of the major applications catered by Light Detection and Ranging technology include civil engineering, government, military & defense, corridor mapping, and topographical survey. LiDAR market share in the corridor mapping applications will witness a CAGR of 21.5% over the coming six years.

The expanding civil sector will further lucratively influence the LiDAR industry outlook.  The capability of LiDAR to provide high accuracy and detail local elevation data while surveying roads and construction projects will drive the application demand. Moreover, increasing implementations of this technology across the government sector will catalyze LiDAR market revenue over the coming period. As per the study, the government sector will lead the application landscape with revenue over USD 340 million by 2023.

China , by application, 2012 – 2023 (USD Million)
China , by application, 2012 - 2023 (USD Million)

LiDAR market will also attain noticeable surge owing to the revenue generated from its products such as mobile, airborne, terrestrial, and short range technologies. Airborne LiDAR market dominated the product landscape by accounting for of 40% the total share in 2015 and is projected to surpass a revenue of USD 400 million by 2023. The growth can be attributed to the implementation of advanced technological features such as multi-target capability and full waveform analysis in airborne mapping.

Mobile LiDAR market will grow significantly with a CAGR of 22% from 2016 to 2023. Increasing usage of mobile mapping across wind projects, transportation agencies, and urban data acquisition will drive mobile LiDAR market.

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Laser scanner will exhibit a CAGR of more than 17% over the period of 2016-2023, owing to its growing application in 3D scanning market and imaging maneuvers. Moreover, Data storage & management system, navigation, and GPS components will contribute positively towards LiDAR industry growth.

Considering the global trends, Asia Pacific LiDAR market is estimated to exceed a revenue of USD 470 million by 2023, primarily driven by increasing low-cost manufacturing activities across the region. Huge investment by stakeholders in this region coupled with growing product launches further influence the regional growth.

US will contribute significantly towards North America LiDAR market share and is predicted to witness a growth rate of 9.3% over the mentioned timeframe. The increase in industrial automation and rising adoption of 3D imagery by US government are the major driving factors of North America LiDAR industry outlook.

Technological advancement in GPS and inertial navigation will drive Europe LiDAR market. Civil and corridor mapping will be the major application areas in the Europe, owing to the massive requirement for security systems in commercial areas such as airports, hospitals, and hotels.

Key market players are poised to offer advanced and cost-effective solutions to sustain their position in the LiDAR business. Heavy investment and strategic alliances will characterize the LiDAR market size over the coming six years. Key industry participants include Renishaw, Faro Technologies, Leica Geosystems, Intermap Technologies, Trimble Navigation, RIEGL, 3D Laser Mapping Ltd, Aerometric.
 

Author Name : Sunil Hebbalkar