LIDAR Systems Market for Wind Industry Analysis North America, Europe, APAC, Middle East and Africa, South America - US, China, Japan, Germany, UK - Size and Forecast 2024-2028

Published: Jan 2024 Pages: 172 SKU: IRTNTR73212

Light Detection and Ranging (LIDAR) Systems Market for Wind Industry 2024-2028

The Light Detection and Ranging (LIDAR) Systems Market for Wind Industry size is projected to increase by USD 203.43 million, at a CAGR of 12.35% between 2023 and 2028. The growth rate of the market depends on several factors, including the increase in tower hub height, and the need for effective turbine performance management, and the growing adoption of LIDAR technology. A light detection and ranging (LIDAR) system is a remote-sensing device used in the wind industry to measure wind curves. These systems are considered a potential alternative for met masts as they help increase annual energy production (AEP), reduce operational and maintenance costs, and optimize the performance of wind turbines.

The report includes a comprehensive outlook on the Light Detection and Ranging Systems Market for Wind Industry, offering forecasts for the industry segmented by Product, which comprises ground mounted lidar systems and nacelle mounted lidar systems. Additionally, it categorizes Component into laser, scanner, navigation system, and others, and covers Regions, including North America, Europe, APAC, Middle East and Africa, and South America. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD million for each of the mentioned segments.

What will be the Size of the Market During the Forecast Period?

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Market Overview

Market Growth Analysis Driver

The need for effective turbine performance management is the key factor driving market growth. Certain factors in wind power generation are not in the operators' control. These factors have a significant impact on the power that is generated. A yaw misalignment can also adversely affect the performance of a wind power plant and can lead to the uneven flow of wind, causing the rotor to spin in one direction and immediately slow down at the opposite end. This will result in a drop in the performance of the rotor and will put stress on the turbine equipment, which can lead to the failure of the turbine.

Furthermore, a nacelle mounted LIDAR system can help identify the misalignment and transmit the data to the sensor to correct the alignment, which will allow wind farm operators to improve their annual energy production. Once the correction factor is applied to the entire wind farm, the potential savings will be greater. Hence, the need for effective turbine performance management is expected to fuel the growth of the market during the forecast period.

Market Growth and Trends

An increase in the number of offshore wind installations is the primary trend shaping market growth. The number of offshore wind energy plants is less when compared to onshore wind power plants. However, countries across the globe are investing in the installation of offshore wind farms. Offshore wind farms are associated with some challenges such as high cost of installation, high complexity, and expensive maintenance operations. Align with market trends and analysis, 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.

Additionally, some steps to reduce the cost of offshore wind turbines include, encouraging competition and deploying large turbines, handling supply chain challenges, and increasing the number of turbine installations. Further, 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 during the forecast period.

Market Restrain

The high cost of implementation of LIDAR systems is a challenge that affects market growth. Offshore wind farms require higher investments when compared with other renewable sources of energy. They 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. Conditions at the depth of the seabed and water determine the size of wind turbines and the type of foundation required to be constructed and installed, which influences the CAPEX of offshore wind projects.

Also, other factors that influence the cost of such projects include the length of electrical interconnection cables. The type of offshore wind cables used underwater varies based on the distance between the sea and the shore. Underwater topology increases with the complexity of the installation. Additionally, dependent power developers face the task of raising funds, which is likely to reduce the number of offshore wind turbine installations. Hence, the high cost of installations will have a direct negative impact on the offshore market and consequently lead to a decline in the growth of the market during the forecast period.

Market Segmentation By Product

The ground mounted LIDAR systems segment will be significant during the forecast period. The light detection and ranging systems market for wind industry dominance of ground mounted LIDAR systems is mainly owing to the increasing installations in onshore wind farms. Ground mounted LIDAR systems are portable and require no planning permission before installation. These LIDAR systems can survey multiple turbine locations with a single deployment and provide accurate wind measurements.

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The ground mounted LIDAR systems segment showed a gradual increase in the market share of USD 105.63 million in 2018. The operations of ground mounted LIDAR systems include onshore applications where LIDAR systems are deployed on the ground or on a stable structure and offshore applications where these systems are deployed on a met mast platform or floating LIDAR platform. Thus, the ground mounted LIDAR systems segment will experience accelerating growth due to ease of installation and a rise in the number of new wind projects approved globally, which in turn will boost the growth of the light detection and ranging (LIDAR) systems market for wind industry during the forecast period.

Market Segmentation By Component

Laser-based LIDAR systems provide highly accurate measurements of wind speed, direction, and turbulence at various altitudes. Laser-based LIDAR systems allow for remote sensing of wind conditions without the need for tall meteorological towers. This enables more flexible and cost-effective wind resource assessments, as the LIDAR units can be deployed at multiple locations across a site, providing a comprehensive understanding of the wind profile. Also, laser-based LIDAR systems provide real-time data on wind conditions, allowing for immediate adjustments in turbine operations to maximize energy capture. Thus, such factors will drive the growth of the laser segment and strengthen the growth of the LIDAR systems market for wind industry during the forecast period.

Regional Overview

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North America is estimated to contribute 37% to the growth of the global market during the forecast period. 
Technavio's analysts have provided extensive insight into the market forecast, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. The number of wind energy installations is expected to increase considerably in the region, especially in the US. Mexico and Canada are also planning to increase their wind energy installations. This will drive the growth of the LIDAR systems market for wind industry in North America. Additionally, wind energy installations are expected to increase considerably in the region, driven by the growing demand for renewable energy sources for power generation.

Furthermore, the US has several wind projects in the pipeline, which are expected to commence during the forecast period. LIDAR systems for the wind industry are considered a cost-saving alternative to meet mast towers. LIDAR systems for the wind industry are used for wind turbine optimization wherein the underperforming turbines are calibrated according to the wind flow direction, thus identifying and correcting the yaw misalignment. Hence, such factors are expected to drive the light detection and ranging systems market for wind industry growth in this region during the forecast period.  

Market Customer Landscape

The market forecasting report includes the adoption lifecycle of the market research and growth, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and trends strategies.

Global Market Customer Landscape

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

  • Analog Devices Inc.: The company offers LIDAR system applications such as automotive, aerospace and defence, security and surveillance, and others.
  • ESCO Technologies Inc.: The company offers LIDAR systems such as Windcube V2 Lidar systems, under the subsidiary NRG Systems.
  • Fred. Olsen Ocean AS: The company offers LIDAR system products such as ZX 300 Onshore Wind Lidar, and ZX 300M Offshore Wind Lidar, under the subsidiary Zephir Ltd.

The  Market  growth and forecasting report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

  • Aeva Inc.
  • Hexagon AB
  • John Wood Group PLC
  • Lockheed Martin Corp.
  • LUMIBIRD SA
  • MGW TRADE and SERVICE PTY LTD.
  • Mitsubishi Electric Corp.
  • Pepperl and Fuchs SE
  • Quanergy Systems Inc.
  • SICK AG
  • Teledyne Technologies Inc.
  • Trimble Inc.
  • Vaisala Oyj
  • Valeo SA
  • Velodyne Lidar Inc.
  • Windar Photonics Plc

The market analysis and report of qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The market research report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018-2028

  • Product Outlook
    • Ground mounted LIDAR systems
    • Nacelle mounted LIDAR systems
  • Component Outlook
    • Laser
    • Scanner
    • Navigation system
    • Others
  • Region Outlook
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

LIDAR Systems Market for Wind Industry Scope

Report Coverage

Details

Page number

172

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 12.35%

Market Growth 2024-2028

USD 203.43 million

Market structure

Fragmented

YoY growth 2023-2024(%)

11.87

Regional analysis

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

Performing market contribution

North America at 37%

Key countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Aeva Inc., Analog Devices Inc., ESCO Technologies Inc., Fred. Olsen Ocean AS, Hexagon AB, John Wood Group PLC, Lockheed Martin Corp., LUMIBIRD SA, MGW TRADE and SERVICE PTY LTD., Mitsubishi Electric Corp., Pepperl and Fuchs SE, Quanergy Systems Inc., SICK AG, Teledyne Technologies Inc., Trimble Inc., Vaisala Oyj, Valeo SA, Velodyne Lidar Inc., and Windar Photonics Plc

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 the 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 Research Report?

  • CAGR of the market report forecast during the forecast period
  • Detailed information on factors that will drive the growth of the market  between 2024 and 2028
  • Precise estimation of the market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across North America, Europe, APAC, Middle East and Africa, and South America
  • Thorough market analysis and report of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of Industry companies

 

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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 Market Segmentation by Component
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global LIDAR systems market for wind industry 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global lidar systems market for wind industry 2018 - 2022 ($ million)
    • 4.2 Product Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Product Segment 2018 - 2022 ($ million)
    • 4.3 Component Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Component Segment 2018 - 2022 ($ million)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ million)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Product - Market share 2023-2028 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 Ground mounted LIDAR systems - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Ground mounted LIDAR systems - Market size and forecast 2023-2028 ($ million)
      • Exhibit 35: Data Table on Ground mounted LIDAR systems - Market size and forecast 2023-2028 ($ million)
      • Exhibit 36: Chart on Ground mounted LIDAR systems - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Ground mounted LIDAR systems - Year-over-year growth 2023-2028 (%)
    • 6.4 Nacelle mounted LIDAR systems - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Nacelle mounted LIDAR systems - Market size and forecast 2023-2028 ($ million)
      • Exhibit 39: Data Table on Nacelle mounted LIDAR systems - Market size and forecast 2023-2028 ($ million)
      • Exhibit 40: Chart on Nacelle mounted LIDAR systems - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Nacelle mounted LIDAR systems - Year-over-year growth 2023-2028 (%)
    • 6.5 Market opportunity by Product
      • Exhibit 42: Market opportunity by Product ($ million)
      • Exhibit 43: Data Table on Market opportunity by Product ($ million)

    7 Market Segmentation by Component

    • 7.1 Market segments
      • Exhibit 44: Chart on Component - Market share 2023-2028 (%)
      • Exhibit 45: Data Table on Component - Market share 2023-2028 (%)
    • 7.2 Comparison by Component
      • Exhibit 46: Chart on Comparison by Component
      • Exhibit 47: Data Table on Comparison by Component
    • 7.3 Laser - Market size and forecast 2023-2028
      • Exhibit 48: Chart on Laser - Market size and forecast 2023-2028 ($ million)
      • Exhibit 49: Data Table on Laser - Market size and forecast 2023-2028 ($ million)
      • Exhibit 50: Chart on Laser - Year-over-year growth 2023-2028 (%)
      • Exhibit 51: Data Table on Laser - Year-over-year growth 2023-2028 (%)
    • 7.4 Scanner - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Scanner - Market size and forecast 2023-2028 ($ million)
      • Exhibit 53: Data Table on Scanner - Market size and forecast 2023-2028 ($ million)
      • Exhibit 54: Chart on Scanner - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Scanner - Year-over-year growth 2023-2028 (%)
    • 7.5 Navigation system - Market size and forecast 2023-2028
      • Exhibit 56: Chart on Navigation system - Market size and forecast 2023-2028 ($ million)
      • Exhibit 57: Data Table on Navigation system - Market size and forecast 2023-2028 ($ million)
      • Exhibit 58: Chart on Navigation system - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on Navigation system - Year-over-year growth 2023-2028 (%)
    • 7.6 Others - Market size and forecast 2023-2028
      • Exhibit 60: Chart on Others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 61: Data Table on Others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 62: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 7.7 Market opportunity by Component
      • Exhibit 64: Market opportunity by Component ($ million)
      • Exhibit 65: Data Table on Market opportunity by Component ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 67: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 68: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 69: Chart on Geographic comparison
      • Exhibit 70: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2023-2028
      • Exhibit 71: Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 72: Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 73: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.4 Europe - Market size and forecast 2023-2028
      • Exhibit 75: Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 76: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 77: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.5 APAC - Market size and forecast 2023-2028
      • Exhibit 79: Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 80: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 81: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.7 South America - Market size and forecast 2023-2028
      • Exhibit 87: Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 88: Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 89: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 91: Chart on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 92: Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 93: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 China - Market size and forecast 2023-2028
      • Exhibit 95: Chart on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 96: Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 97: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.10 Germany - Market size and forecast 2023-2028
      • Exhibit 99: Chart on Germany - Market size and forecast 2023-2028 ($ million)
      • Exhibit 100: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
      • Exhibit 101: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.11 UK - Market size and forecast 2023-2028
      • Exhibit 103: Chart on UK - Market size and forecast 2023-2028 ($ million)
      • Exhibit 104: Data Table on UK - Market size and forecast 2023-2028 ($ million)
      • Exhibit 105: Chart on UK - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 9.12 Japan - Market size and forecast 2023-2028
      • Exhibit 107: Chart on Japan - Market size and forecast 2023-2028 ($ million)
      • Exhibit 108: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
      • Exhibit 109: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 111: Market opportunity by geography ($ million)
      • Exhibit 112: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 113: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 115: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 116: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 117: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 118: Matrix on vendor position and classification
            • 12.3 Analog Devices Inc.
              • Exhibit 119: Analog Devices Inc. - Overview
              • Exhibit 120: Analog Devices Inc. - Business segments
              • Exhibit 121: Analog Devices Inc. - Key news
              • Exhibit 122: Analog Devices Inc. - Key offerings
              • Exhibit 123: Analog Devices Inc. - Segment focus
            • 12.4 ESCO Technologies Inc.
              • Exhibit 124: ESCO Technologies Inc. - Overview
              • Exhibit 125: ESCO Technologies Inc. - Business segments
              • Exhibit 126: ESCO Technologies Inc. - Key offerings
              • Exhibit 127: ESCO Technologies Inc. - Segment focus
            • 12.5 Fred. Olsen Ocean AS
              • Exhibit 128: Fred. Olsen Ocean AS - Overview
              • Exhibit 129: Fred. Olsen Ocean AS - Product / Service
              • Exhibit 130: Fred. Olsen Ocean AS - Key offerings
            • 12.6 Hexagon AB
              • Exhibit 131: Hexagon AB - Overview
              • Exhibit 132: Hexagon AB - Business segments
              • Exhibit 133: Hexagon AB - Key news
              • Exhibit 134: Hexagon AB - Key offerings
              • Exhibit 135: Hexagon AB - Segment focus
            • 12.7 John Wood Group PLC
              • Exhibit 136: John Wood Group PLC - Overview
              • Exhibit 137: John Wood Group PLC - Business segments
              • Exhibit 138: John Wood Group PLC - Key offerings
              • Exhibit 139: John Wood Group PLC - Segment focus
            • 12.8 Lockheed Martin Corp.
              • Exhibit 140: Lockheed Martin Corp. - Overview
              • Exhibit 141: Lockheed Martin Corp. - Business segments
              • Exhibit 142: Lockheed Martin Corp. - Key news
              • Exhibit 143: Lockheed Martin Corp. - Key offerings
              • Exhibit 144: Lockheed Martin Corp. - Segment focus
            • 12.9 LUMIBIRD SA
              • Exhibit 145: LUMIBIRD SA - Overview
              • Exhibit 146: LUMIBIRD SA - Product / Service
              • Exhibit 147: LUMIBIRD SA - Key offerings
            • 12.10 MGW TRADE and SERVICE PTY LTD.
              • Exhibit 148: MGW TRADE and SERVICE PTY LTD. - Overview
              • Exhibit 149: MGW TRADE and SERVICE PTY LTD. - Product / Service
              • Exhibit 150: MGW TRADE and SERVICE PTY LTD. - Key offerings
            • 12.11 Mitsubishi Electric Corp.
              • Exhibit 151: Mitsubishi Electric Corp. - Overview
              • Exhibit 152: Mitsubishi Electric Corp. - Business segments
              • Exhibit 153: Mitsubishi Electric Corp. - Key news
              • Exhibit 154: Mitsubishi Electric Corp. - Key offerings
              • Exhibit 155: Mitsubishi Electric Corp. - Segment focus
            • 12.12 Pepperl and Fuchs SE
              • Exhibit 156: Pepperl and Fuchs SE - Overview
              • Exhibit 157: Pepperl and Fuchs SE - Product / Service
              • Exhibit 158: Pepperl and Fuchs SE - Key offerings
            • 12.13 Teledyne Technologies Inc.
              • Exhibit 159: Teledyne Technologies Inc. - Overview
              • Exhibit 160: Teledyne Technologies Inc. - Business segments
              • Exhibit 161: Teledyne Technologies Inc. - Key news
              • Exhibit 162: Teledyne Technologies Inc. - Key offerings
              • Exhibit 163: Teledyne Technologies Inc. - Segment focus
            • 12.14 Trimble Inc.
              • Exhibit 164: Trimble Inc. - Overview
              • Exhibit 165: Trimble Inc. - Business segments
              • Exhibit 166: Trimble Inc. - Key offerings
              • Exhibit 167: Trimble Inc. - Segment focus
            • 12.15 Vaisala Oyj
              • Exhibit 168: Vaisala Oyj - Overview
              • Exhibit 169: Vaisala Oyj - Business segments
              • Exhibit 170: Vaisala Oyj - Key news
              • Exhibit 171: Vaisala Oyj - Key offerings
              • Exhibit 172: Vaisala Oyj - Segment focus
            • 12.16 Velodyne Lidar Inc.
              • Exhibit 173: Velodyne Lidar Inc. - Overview
              • Exhibit 174: Velodyne Lidar Inc. - Product / Service
              • Exhibit 175: Velodyne Lidar Inc. - Key offerings
            • 12.17 Windar Photonics Plc
              • Exhibit 176: Windar Photonics Plc - Overview
              • Exhibit 177: Windar Photonics Plc - Product / Service
              • Exhibit 178: Windar Photonics Plc - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 179: Inclusions checklist
                • Exhibit 180: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 181: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 182: Research methodology
                • Exhibit 183: Validation techniques employed for market sizing
                • Exhibit 184: Information sources
              • 13.5 List of abbreviations
                • Exhibit 185: 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.

              INFORMATION 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

              DATA 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

              REPORT 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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              lidar systems market for wind industry market

              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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