The Food Sensory Testing Market is expected to gain huge growth by the forecast period of 2020 to 2029. The Food Sensory Testing Market report offers a comprehensive examination of the current state of the market, accompanied by an insightful analysis of its future prospects.

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https://www.businessresearchin....sights.com/market-re

The Custom Keycaps Market is expected to gain huge growth by the forecast period of 2020 to 2029. The Custom Keycaps Market report offers a comprehensive examination of the current state of the market, accompanied by an insightful analysis of its future prospects.

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https://www.businessresearchin....sights.com/market-re

The Electronic Potting and Encapsulating Market is expected to gain huge growth by the forecast period of 2020 to 2029. The Electronic Potting and Encapsulating Market report offers a comprehensive examination of the current state of the market, accompanied by an insightful analysis of its future prospects.

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https://www.businessresearchin....sights.com/market-re

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.

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.fortunebusinessins....ights.com/light-dete

The LiDAR (Light Detection and Ranging) market has experienced significant growth in recent years and is expected to continue expanding. LiDAR technology uses laser sensors to measure distances and create detailed 3D maps of environments. It finds applications in various industries such as automotive, aerospace, forestry, urban planning, and archaeology.

Driving Factors in the LiDAR Market:

Increasing demand in the automotive industry: LiDAR has gained prominence in autonomous vehicles and advanced driver-assistance systems (ADAS). The need for accurate real-time mapping and object detection has propelled the demand for LiDAR sensors in the automotive sector.
Rising adoption in mapping and surveying applications: LiDAR enables highly accurate and efficient mapping and surveying of terrains, urban areas, and infrastructure projects. The growing need for precise geospatial data for urban planning, construction, and infrastructure development has driven the demand for LiDAR systems.
Technological advancements: Continuous advancements in LiDAR technology, such as the development of solid-state LiDAR and enhanced sensor capabilities, have improved the performance and affordability of LiDAR systems. These advancements have widened the range of applications and attracted more industries to adopt LiDAR technology.
Government initiatives and regulations: Governments across various countries have recognized the potential of LiDAR technology and are promoting its adoption. For instance, regulations mandating the use of LiDAR in autonomous vehicles and initiatives promoting LiDAR-based mapping for urban development have stimulated market growth.
Regional Analysis of the LiDAR Market:

North America: North America has been a significant market for LiDAR due to the presence of leading technology companies and automotive manufacturers in the region. The United States, in particular, has witnessed substantial growth in LiDAR adoption for autonomous vehicles, mapping, and other applications.

Europe: Europe has been actively investing in LiDAR technology, primarily driven by the automotive industry's demand for autonomous vehicles and ADAS. Countries like Germany, France, and the United Kingdom are key contributors to the European LiDAR market.

Asia Pacific: The Asia Pacific region is expected to witness rapid growth in the LiDAR market. Increasing infrastructure development, smart city initiatives, and automotive advancements in countries like China, Japan, and South Korea are propelling the demand for LiDAR technology.

Rest of the World: Other regions, including Latin America, the Middle East, and Africa, are also witnessing a gradual increase in LiDAR adoption. Infrastructure development projects, natural resource management, and archaeological studies are driving the demand in these regions.

It's important to note that the LiDAR market is dynamic, and the driving factors and regional analysis may evolve over time as technology progresses and new applications emerge.

The global aerospace robotics market is expected to gain impetus from the increasing adoption of artificial intelligence (AI) by companies for the maintenance of aircraft. This information is given by Fortune Business Insights™ in a new report. The report further mentions that the aerospace robotics market size was USD 2.66 billion in 2019 and is projected to reach USD 7.78 billion by 2027, exhibiting a CAGR of 20.49% during the forecast period.

Drivers & Restraints-

Investments in R&D Activities to Develop AI-based Robots will Aid Growth

Several countries across the globe, including Japan, Germany, South Korea, China, France, and the United States, are making significant investments in research and development endeavors to create advanced AI-enabled robots. In 2017, the South Korean government, for example, planned to allocate around USD 450 million to the aerospace robotics sector with the primary objective of developing intelligent robots. Nevertheless, the implementation of robot automation projects poses challenges for small and medium-sized enterprises (SMEs). Additionally, operators must undergo training to effectively maintain and program these robots. These factors could potentially impede the growth of the aerospace robotics market in the foreseeable future.

Information Source:

https://www.fortunebusinessins....ights.com/aerospace-

Fortune Business Insights™ lists out the names of all the prominent aerospace robotics manufacturers operating in the global market. They are as follows:

ABB Group (Switzerland)
Electroimpact Inc. (The U.S.)
Fanuc Corporation (Japan)
Gudel AG (Switzerland)
Kawasaki Robotics (The U.S.)
KUKA AG (Germany)
Oliver Crispin Robotics Ltd. (The U.K)
TAL Manufacturing Solutions Limited India (India)
Universal Robotics A/S (Denmark)
Yaskawa Electric Corporation (Japan)
Segment-

Hardware Segment to Show Rapid Growth Fueled by High Demand for Sensors & Controllers

Based on solution, the Aerospace Robotics Market is segregated into services, software, and hardware. Out of these, the hardware segment generated 57.33% in terms of aerospace robotics market share in 2019. This growth is attributable to the increasing demand for sensors, arm processors, and controllers to accelerate the sales of aerospace robotics solutions.

Regional Analysis-

High Expenditure to ModernizeAircraft Manufacturing Units in North America to Drive Growth

In 2019, North America generated revenue amounting to USD 1.01 billion, establishing itself as the leading region in terms of growth rate for the foreseeable future. This can be attributed to the presence of numerous industry giants, including Electro impact Inc. and Kawasaki Robotics, which contribute to the region's rapid advancement. Moreover, the United States is witnessing substantial investments in modernization programs aimed at enhancing aircraft manufacturing facilities. Meanwhile, Europe is expected to hold the second-largest position in the aerospace robotics market due to its increased adoption of Internet of Things (IoT)-based solutions in this sector.

Competitive Landscape-

Key Players Focus on Product Launches & Acquisition Strategies to Intensify Competition

The market consists of numerous reputed organizations that are persistently striving to gain a competitive edge by introducing new aerospace robotics solutions equipped with the latest technologies. Some of the others are also engaging in acquisitions to expand their portfolios and geographical footprints. Below are two of the latest industry developments:

August 2019: Epson Robots declared the launch of its AutomateEliteSM Authorized System Integrator Program. It was put under the Epson Advantage Partner Program. It would help them in surging its business through the sales of their robots. At the same time, it would enable customers to easily search for the most effective system integrators for their automation projects.
July 2017: ABB successfully acquired Bernecker + Rainer Industrie-Elektronik GmbH (B&R) to broaden its position in industrial automation.