Increasing investments in the development of advanced and efficient weather forecasting systems to drive India doppler LiDAR systems market through 2024
According to TechSci Research report, “India Doppler LiDAR Systems Market By System Type, By End Use, Competition, Forecast & Opportunities, 2024”, India Doppler LiDAR Systems market is expected to grow at a CAGR of around 4% during the forecast period owing to the increasing demand for advanced mapping solutions. Additionally, the improved automated processing ability of LiDAR systems in terms of image resolutions and data processing capabilities over other technologies are the major factors that are driving the growth of the market. However, the high cost of Doppler LiDAR components such as laser scanners, navigation system, among others is likely to hamper the growth of the market during forecast period. Additionally, lack of awareness regarding the benefits of the technology is further restricting the growth of market.
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India doppler LiDAR systems market is segmented based on system type, end use, company and region. Based on end use, the market can be categorized into meteorological observations, air traffic safety, air environment consultation, and others. The meteorological observations segment dominates the market on account of their role in flood, drought, environmental and water resources applications. Leosphere Inc. (Vaisala Group), Mitsubishi Electric Corporation, NRG Systems Inc, Nanjing Movelaser Co., LTD, Halo Photonics Limited, Yankee Environmental Systems Inc and others are some of the leading players operating in India doppler LiDAR systems market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share.
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“India doppler LiDAR systems is expected to witness significant growth during the forecast period. The growth in the market can be attributed to rise in the number of smart city initiatives, which is driving the adoption of doppler LiDAR systems for flood mapping, urban modelling, and forestry applications.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“India Doppler LiDAR Systems Market By System Type, By End Use, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of India doppler LiDAR systems market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India doppler LiDAR systems market.
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