LiDAR Market worth $551.26 Million by 2018

LiDAR Market worth $551.26 Million byLiDAR Market worth $551.26 Million by 2018 PR Newswire DALLAS, October 14, 2013 According to a new market research report of "LiDAR Market by Components (INS, Laser, GPS/GNSS, Camera, MEMS), Product Types (Airborne, Mobile, Terrestrial), Applications (Corridor Mapping, Forestry, Mining, Topographic Surveying, Volumetric Mapping) - Analysis & Forecast (2013 - 2018)", published by MarketsandMarkets is expected to grow at a CAGR of 16.64% from 2013 to 2018 and reach 551.26 million by 2018. The data mentioned is for dedicated LiDAR systems only. Browse 80 market data tables and 73 figures spread through 278 pages and in-depth TOC on "LiDAR Market" http://www.marketsandmarkets.com/Market-Reports/lidar-market-1261.html Early buyers will receive 10% customization on this report. Though LiDAR was developed in the early 1960s, it was just used for military and the government applications only. However, due to the technological developments and reduction in cost of LiDARs, it is heavily penetrating into the commercial and industrial sectors. The market research report Global LiDAR Market - Forecast & Analysis (2013 - 2018) covers both the government/military and the commercial applications of LiDAR systems. The few of the major applications currently harnessing LiDAR technology are: corridor mapping, forestry, mining, topographic surveying, and volumetric mapping.