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LIDAR Systems Market for Wind Industry by Product and Geography - Forecast and Analysis 2022-2026

  • Published: Apr 2022
  • Pages: 136
  • SKU: IRTNTR73212
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The LIDAR systems market share for wind industry is expected to increase by USD 573.17 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.13%.

This LIDAR systems market for wind industry research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers LIDAR systems market for wind industry segmentation by product (ground-mounted LIDAR systems and nacelle-mounted LIDAR systems) and geography (North America, Europe, APAC, Middle East and Africa, and South America). The LIDAR systems market for wind industry report also offers information on several market vendors, including Epsiline, FARO Technologies Inc., Hexagon AB, Lockheed Martin Corp., Mitsubishi Electric Corp., NRG Systems, OPTOATMOSPHERICS Inc., RIEGL Laser Measurement Systems GmbH, SgurrEnergy Ltd, Teledyne Technologies Inc., Trimble Inc., Vaisala Oyj, Windar Photonics Plc, and Zephir Ltd. among others.

What will the LIDAR Systems Market Size for Wind Industry be During the Forecast Period?

Download the Free Report Sample to Unlock the LIDAR Systems Market Size for Wind Industry for the Forecast Period and Other Important Statistics

 

LIDAR Systems Market for Wind Industry: Key Drivers, Trends, and Challenges

The increase in the hub height is notably driving the LIDAR systems market growth for wind industry, although factors such as high cost of implementation may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the LIDAR systems market for wind industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key LIDAR Systems Market Driver for Wind Industry

One of the key factors driving the global light detection and ranging (LIDAR) systems market growth for wind industry growth is the increase in the hub height. The increase in the tower height is leading to high investments in wind power projects, thus making wind source assessments even more critical in determining the profitability of a wind farm. The assessment is performed using a large meteorological mast. The met mast height also needs to be increased to measure the wind as the height increases. According to the IEC 61400-12-1 standard, met masts must be located between 2D and 4D (D represents the distance of X times the rotor diameter). This becomes a challenge under complex terrains, especially in offshore wind generation, which escalates the cost of installing wind power plants. The challenges posed by met masts have resulted in a desire to measure the wind speed directly from the wind turbine, which will fuel the adoption of LIDAR systems for wind industry during the forecast period.

Key LIDAR Systems Market Trend for Wind Industry

Increase in the number of offshore wind installations is one of the key LIDAR systems market trends for wind industry that is expected to impact the industry positively in the forecast period. According to the GWEC, in March 2020, 6.1 GW of offshore wind capacity was added to the mix in 2019, a record year for the industry and an impressive 35.5% increase over the previous year, during which 4.5 GW of capacity was installed. In addition, countries such as the US, China, Japan, South Korea, and India are also expected to start offshore wind projects. Thus, the global increase in the number of offshore installations is expected to drive the growth of the market in focus during the forecast period.

Key LIDAR Systems Market Challenge for Wind Industry

One of the key challenges to the global light detection and ranging systems market growth for wind industry growth is the high cost of implementation. Offshore wind farms are expensive in every aspect, starting from the turbine and its components, which must be protected to withstand harsh weather conditions, to power connections and networks and reinforced foundations that hold the turbine to the seabed. In addition, underwater topology increases with the complexity of the installation. Moreover, independent power developers face the task of raising funds, which is projected to reduce the number of offshore wind turbine installations. Thus, the high cost of installations may have a direct impact on the offshore market and consequently lead to the decline in demand for LIDAR systems in the wind industry during the forecast period.

This LIDAR systems market for wind industry analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global LIDAR systems market for the wind industry as a part of the global electronic equipment and instruments market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the LIDAR systems market for wind industry during the forecast period.

Who are the Major LIDAR Systems Market Vendors for Wind Industry?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Epsiline
  • FARO Technologies Inc.
  • Hexagon AB
  • Lockheed Martin Corp.
  • Mitsubishi Electric Corp.
  • NRG Systems
  • OPTOATMOSPHERICS Inc.
  • RIEGL Laser Measurement Systems GmbH
  • SgurrEnergy Ltd
  • Teledyne Technologies Inc.
  • Trimble Inc.
  • Vaisala Oyj
  • Windar Photonics Plc
  • Zephir Ltd.

 

This statistical study of the LIDAR systems market for wind industry encompasses successful business strategies deployed by the key vendors. The LIDAR systems market for wind industry is fragmented and the vendors are deploying organic and inorganic growth strategies such as to compete in the market.

Product Insights and News

  • Epsiline - The company offers LIDAR system namely WindEagle, which provides precise and continuous measurements of wind speed and direction.
  • Epsiline - Under the unified segment, the company specializes in monitoring and optimization tool that provides information enabling multiple types of analysis of wind turbine performance such as static yaw misalignment detection, turbulence intensity, aerodynamic and mass imbalance, and gust detection.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The LIDAR systems market for wind industry forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

LIDAR Systems Market for Wind Industry Value Chain Analysis

Our report provides extensive information on the value chain analysis for the LIDAR systems market for wind industry, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for LIDAR Systems Market for Wind Industry?

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37% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for LIDAR systems for wind industry in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The significant increase in the investment in renewable power by countries such as China, India, and Japan, to meet their rising energy demand will facilitate the LIDAR systems market for wind industry growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the market witnessed slow growth due to the COVID-19 outbreak. Countries such as China, India, and Japan have been severely affected by the pandemic. As of March 9, 2022, the total number of COVID-19 cases in China, India, and Japan was 0.65 million, 42.97 million, and 5.48 million, respectively. However, the introduction of COVID-19 vaccines led to the resumption of industrial activities in 2021. This increased the demand for LIDAR systems in the region. Such factors are expected to drive the growth of the regional market during the forecast period.

What are the Revenue-generating Product Segments in the LIDAR Systems Market for Wind Industry?

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The LIDAR systems market share growth for wind industry by the ground-mounted LIDAR systems segment will be significant during the forecast period. Ground-mounted LIDAR systems are comparatively easy to deploy and provide accurate wind measurements with increased efficiency than met masts and nacelle-mounted LIDAR systems. This will drive the segment growth in the coming years.

This report provides an accurate prediction of the contribution of all the segments to the growth of the LIDAR systems market size for wind industry and actionable market insights on post COVID-19 impact on each segment.

 

LIDAR Systems Market Scope for Wind Industry

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.13%

Market growth 2022-2026

$ 573.17 million

Market structure

Fragmented

YoY growth (%)

4.68

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

APAC at 37%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Epsiline, FARO Technologies Inc., Hexagon AB, Lockheed Martin Corp., Mitsubishi Electric Corp., NRG Systems, OPTOATMOSPHERICS Inc., RIEGL Laser Measurement Systems GmbH, SgurrEnergy Ltd, Teledyne Technologies Inc., Trimble Inc., Vaisala Oyj, Windar Photonics Plc, and Zephir Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this LIDAR Systems Market for Wind Industry Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive LIDAR systems market growth for wind industry during the next five years
  • Precise estimation of the LIDAR systems market size for wind industry and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the LIDAR systems market for wind industry across North America, Europe, APAC, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of LIDAR systems market vendors for wind industry 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis - Comparison between2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product

  • 5.1 Market segments
    • Exhibit 24: Chart on Product - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
  • 5.2 Comparison by Product
    • Exhibit 26: Chart on Comparison by Product
    • Exhibit 27: Data Table on Comparison by Product
  • 5.3 Ground-mounted LIDAR systems - Market size and forecast 2021-2026
    • Exhibit 28: Chart on Ground-mounted LIDAR systems - Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Ground-mounted LIDAR systems - Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Ground-mounted LIDAR systems - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Ground-mounted LIDAR systems - Year-over-year growth 2021-2026 (%)
  • 5.4 Nacelle-mounted LIDAR systems - Market size and forecast 2021-2026
    • Exhibit 32: Chart on Nacelle-mounted LIDAR systems - Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on Nacelle-mounted LIDAR systems - Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on Nacelle-mounted LIDAR systems - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Nacelle-mounted LIDAR systems - Year-over-year growth 2021-2026 (%)
  • 5.5 Market opportunity by Product
    • Exhibit 36: Market opportunity by Product ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview
    • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison
    • Exhibit 40: Chart on Geographic comparison
    • Exhibit 41: Data Table on Geographic comparison
  • 7.3 North America - Market size and forecast 2021-2026
    • Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.4 Europe - Market size and forecast 2021-2026
    • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.5 APAC - Market size and forecast 2021-2026
    • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.6 Middle East and Africa - Market size and forecast 2021-2026
    • Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.7 South America - Market size and forecast 2021-2026
    • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.8 US - Market size and forecast 2021-2026
    • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 7.9 China - Market size and forecast 2021-2026
    • Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 7.10 Germany - Market size and forecast 2021-2026
    • Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)
  • 7.11 UK - Market size and forecast 2021-2026
    • Exhibit 74: Chart on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on UK - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on UK - Year-over-year growth 2021-2026 (%)
  • 7.12 Japan - Market size and forecast 2021-2026
    • Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on Japan - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography
    • Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges
    • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 85: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 86: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 87: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 88: Matrix on vendor position and classification
  • 10.3 Epsiline
    • Exhibit 89: Epsiline - Overview
    • Exhibit 90: Epsiline - Product / Service
    • Exhibit 91: Epsiline - Key offerings
  • 10.4 Hexagon AB
    • Exhibit 92: Hexagon AB - Overview
    • Exhibit 93: Hexagon AB - Business segments
    • Exhibit 94: Hexagon AB - Key news
    • Exhibit 95: Hexagon AB - Key offerings
    • Exhibit 96: Hexagon AB - Segment focus
  • 10.5 Lockheed Martin Corp.
    • Exhibit 97: Lockheed Martin Corp. - Overview
    • Exhibit 98: Lockheed Martin Corp. - Business segments
    • Exhibit 99: Lockheed Martin Corp. - Key news
    • Exhibit 100: Lockheed Martin Corp. - Key offerings
    • Exhibit 101: Lockheed Martin Corp. - Segment focus
  • 10.6 Mitsubishi Electric Corp.
    • Exhibit 102: Mitsubishi Electric Corp. - Overview
    • Exhibit 103: Mitsubishi Electric Corp. - Business segments
    • Exhibit 104: Mitsubishi Electric Corp. - Key news
    • Exhibit 105: Mitsubishi Electric Corp. - Key offerings
    • Exhibit 106: Mitsubishi Electric Corp. - Segment focus
  • 10.7 NRG Systems
    • Exhibit 107: NRG Systems - Overview
    • Exhibit 108: NRG Systems - Product / Service
    • Exhibit 109: NRG Systems - Key offerings
  • 10.8 OPTOATMOSPHERICS Inc.
    • Exhibit 110: OPTOATMOSPHERICS Inc. - Overview
    • Exhibit 111: OPTOATMOSPHERICS Inc. - Product / Service
    • Exhibit 112: OPTOATMOSPHERICS Inc. - Key offerings
  • 10.9 SgurrEnergy Ltd
    • Exhibit 113: SgurrEnergy Ltd - Overview
    • Exhibit 114: SgurrEnergy Ltd - Product / Service
    • Exhibit 115: SgurrEnergy Ltd - Key offerings
  • 10.10 Vaisala Oyj
    • Exhibit 116: Vaisala Oyj - Overview
    • Exhibit 117: Vaisala Oyj - Business segments
    • Exhibit 118: Vaisala Oyj - Key news
    • Exhibit 119: Vaisala Oyj - Key offerings
    • Exhibit 120: Vaisala Oyj - Segment focus
  • 10.11 Windar Photonics Plc
    • Exhibit 121: Windar Photonics Plc - Overview
    • Exhibit 122: Windar Photonics Plc - Product / Service
    • Exhibit 123: Windar Photonics Plc - Key offerings
  • 10.12 Zephir Ltd.
    • Exhibit 124: Zephir Ltd. - Overview
    • Exhibit 125: Zephir Ltd. - Product / Service
    • Exhibit 126: Zephir Ltd. - Key offerings

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist
    • Exhibit 127: Inclusions checklist
    • Exhibit 128: Exclusions checklist
  • 11.3 Currency conversion rates for US$
    • Exhibit 129: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 130: Research methodology
    • Exhibit 131: Validation techniques employed for market sizing
    • Exhibit 132: Information sources
  • 11.5 List of abbreviations
    • Exhibit 133: List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
Technavio

TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The lidar systems market for wind industry market growth will increase by $573.17 million during 2022-2026.
The lidar systems market for wind industry market is expected to grow at a CAGR of 5.13% during 2022-2026.
Technavio has segmented the lidar systems market for wind industry market by product (Ground-mounted LIDAR systems and Nacelle-mounted LIDAR systems) and geographic (North America, Europe, APAC, Middle East and Africa, and South America).
Epsiline, FARO Technologies Inc., Hexagon AB, Lockheed Martin Corp., Mitsubishi Electric Corp., NRG Systems, OPTOATMOSPHERICS Inc., RIEGL Laser Measurement Systems GmbH, SgurrEnergy Ltd, Teledyne Technologies Inc., Trimble Inc., Vaisala Oyj, Windar Photonics Plc, Zephir Ltd. are a few of the key vendors in the lidar systems market for wind industry market.
APAC will register the highest growth rate of 36.74% among the other regions. Therefore, the lidar systems market for wind industry market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the lidar systems market for wind industry market growth are:
  • Increase in the hub height
  • Increase in the number of offshore wind installations
The lidar systems market for wind industry market vendors should focus on grabbing business opportunities from the ground-mounted lidar systems segment as it accounted for the largest market share in the base year.
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