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The global light detection and ranging (LiDAR) market size was USD 1.32 billion in 2018 and is expected to hit USD 6.71 billion by 2026, exhibiting a CAGR of 22.7% during the estimated period. LiDAR is used in a wide range of applications including geomorphology, atmospheric physics, archaeology, geomatics, airborne laser swath mapping, and others. The Light Detection and Ranging (LiDAR) market is a rapidly growing industry that involves the use of laser-based technology to measure distances and create highly accurate 3D maps of objects and environments. LiDAR systems emit laser pulses and measure the time it takes for the light to bounce back after hitting an object, allowing for precise distance calculations. This information has been furnished by Fortune Business Insights™ in its research report, titled “Light Detection and Ranging (LiDAR) Market, 2019-2026”. Segments: Solid-State LiDAR to Register Substantial Growth Owing to Flexibility of Deployment Across Various Sectors Based on type, the market is categorized into solid-state and mechanical LiDAR systems. Of these, the solid-state LiDAR segment is anticipated to record a commendable CAGR over the estimated period. The solution does not need any moving parts for functioning and is fabricated on a silicon chip, which favors its adoption across various sectors. Based on region, the industry is fragmented into Europe, Asia Pacific, North America, Latin America, and the Middle East & Africa. List of Key Players Mentioned in the Report: Teledyne Technologies FARO Technologies, Inc. SICK AG Beijing SureStar Technology Co. Ltd. Trimble Inc. YellowScan HEXAGON RIEGL Laser Measurement Systems GmbH Browse Detailed Summary of Research Report with TOC: https://www.fortunebusinessinsights.com/light-detection-and-ranging-lidar-market-101969 Segmentation: Light Detection and Ranging (LiDAR) Industry The LiDAR market can be segmented based on several factors. Here is a brief overview of the common segmentation categories: Type of LiDAR: Airborne LiDAR: LiDAR systems mounted on aircraft or drones for large-area mapping and surveying. Terrestrial LiDAR: Ground-based LiDAR systems used for detailed scanning of smaller areas. Mobile LiDAR: LiDAR systems integrated into vehicles or mobile platforms for mapping roads, highways, and urban areas. Short-Range LiDAR: LiDAR systems with a limited range, often used for indoor applications or close-range sensing. Component: Laser Source: Different types of lasers used, such as solid-state, fiber, or semiconductor lasers. Photodetector: Sensors used to detect and measure the reflected laser light. GPS/GNSS Receiver: Global Positioning System or Global Navigation Satellite System receivers used for precise positioning. Inertial Measurement Unit (IMU): Sensors that measure motion and orientation of the LiDAR system. Application: Automotive: LiDAR systems used in autonomous vehicles, advanced driver assistance systems (ADAS), and automotive safety. Aerospace and Defense: LiDAR applications in aerial mapping, UAVs, target detection, and defense systems. Geospatial Mapping and Surveying: LiDAR used for topographic surveys, mapping, and digital terrain modeling. Environmental Monitoring: LiDAR employed in forestry analysis, carbon sequestration studies, and ecosystem monitoring. Archaeology and Cultural Heritage: LiDAR applications for archaeological site mapping and preservation of cultural heritage. Mining and Construction: LiDAR systems used in mining operations, construction site planning, and monitoring. Industry Vertical: Automotive: LiDAR systems integrated into autonomous vehicles and automotive technology. Aerospace and Defense: LiDAR applications in defense, aerospace, and UAV industries. Transportation and Logistics: LiDAR used for mapping, navigation, and infrastructure planning. Agriculture and Forestry: LiDAR employed in precision agriculture, forest management, and resource assessment. Energy and Utilities: LiDAR applications in power line inspection, wind farm assessment, and infrastructure monitoring. Healthcare and Research: LiDAR used in medical imaging, research, and scientific applications.

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The global thermoplastic elastomers market is set to gain traction from the rising demand for bio-based products to increase sustainability and support environmental protection. Fortune Business Insights™ published this information in a new study, titled, “Thermoplastic Elastomers Market Size, Share & Industry Analysis, By Type (Styrenic Block Copolymers, Thermoplastic Polyurethane, Thermoplastic Vulcanizates, Thermoplastic Polyolefins, Copolyester Elastomers, and Others), By Application (Automotive, Building & Construction, Footwear, Electrical & Electronics, Medical, and Others), and Regional Forecast, 2020-2027.” The study further mentions that the thermoplastic elastomers (TPEs) market size was USD 26,856.8 million in 2019 and is projected to reach USD 39,424.6 million by 2027, exhibiting a CAGR of 5.7% during the forecast period. Information Source- https://www.fortunebusinessinsights.com/thermoplastic-elastomer-tpe-market-104515 How is This Report Developed? We refer to secondary data sources, such as press releases of end-user facilities, investor presentations, annual reports, and industry journals to gather authentic information of the market. Our unique bottom-up approach helps in generating crucial data about the competitive landscape and recent industry developments, such as new product launches, collaborations, agreements, joint ventures, partnerships, contracts, and acquisitions. We also conduct extensive primary research to collect information about the current market trends. Drivers & Restraints- Increasing Need to Manufacture Automotive Gaskets to Aid Growth People nowadays are demanding for lightweight vehicles worldwide. Hence, the automotive industry is conducting research and development activities to bring innovations. Thermoplastic elastomers are extensively used in automotive gaskets, exterior filler panels, and door & window handles. However, the fluctuating prices of crude oil may hamper the thermoplastic elastomers market growth in the near future. Segment- Automotive Segment to Grow Rapidly Backed by High Demand for Lightweight Vehicles Based on application, the automotive segment dominated in 2019 by generating the largest thermoplastic elastomers market share. This growth is attributable to the rising demand for lightweight vehicles from the rapidly increasing population in numerous countries. TPEs are mainly used to manufacture boots, bonnets, exterior panels, and wipers of vehicles. Regional Insights- Surging Demand for Luxury Vehicles to Accelerate Growth in Europe In 2019, Asia Pacific held USD 14,226.7 million in terms of revenue. It was in the leading position because of the high demand for TPEs from the footwear, construction, and automobile industries. Also, improvements in lifestyles of people are set to augment the economic development in Japan, India, and China. These would surge the middle-class population, thereby driving growth. In North America, high disposable incomes of the masses, coupled with the rising technological advancements in the field of thermoplastic elastomers would propel growth. Europe, on the other hand, is expected to grow considerably backed by the increasing demand for luxury vehicles. Competitive Landscape- Key Players Focus on Expanding Production Capacity to Fulfill Needs amid COVID-19 The market for thermoplastic elastomers contains various prominent manufacturers that are mainly focusing on extending their production capacities to help manufacturers of medical equipment for catering to the high demand amid COVID-19. Below are the two latest industry developments: August 2020: Lubrizol invested in its thermoplastic polyurethane business worldwide to support the high growth in surface protection applications. It would help the company to broaden its capacity in paint protection film (PPF) and surface protection, thereby delivering additional benefits to PPF supply chains, brand owners, and manufacturers. May 2020: Huntsman started producing thermoplastic polyurethane (TPU) elastomers for company manufacturing PPE globally. These are nowadays being extensively used to produce cable jackets, face masks, valves, hospital gowns, and tubes amid the COVID-19 pandemic. A list of all the renowned thermoplastic elastomers producers operating in the market: Arkema SA (Colombes, France) Covestro AG (Leverkusen, Germany) Evonik Industries AG (Essen, Germany) Teknor APEX Company (Rhode Island, U.S.) BASF SE (Ludwigshafen, Germany) Huntsman Corporation (Texas, U.S.) Sinopec Group (Beijing, China) Lubrizol Corporation (Ohio, U.S.) Kraton Corporation (Texas, U.S.) Tosoh Corporation (Tokyo, Japan) Other Key Players

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