LiDAR Global Market Report 2023 – By Component (Laser Scanner, Navigation and Positioning Systems, Other Components), By Type (Terrestrial, Aerial, Mobile), By Technology (2D, 3D, 4D), By Applications (Mapping and Cartography, ADAS (Advanced Driver-Assistance System), Environment, Exploration and Detection, Other Applications), By End User (Defense and Aerospace, Civil Engineering, Archaeology, Forestry and Agriculture, Mining, Transportation) – Market Size, Trends, And Global Forecast 2023-2032

A light commercial vehicle often known as an "LCV" is any passenger automobile or goods truck with a gross vehicle weight of more than 7,500 kilograms and includes tractors, trailers and others. The main types in the light commercial market are passenger vans, cargo vans, pickup trucks, light trucks, minibusses, and other types. Trucks carrying the highest gross vehicle weight of 3.5 metric tonnes and above 15 metric tonnes could be classified as light commercial vehicles (LCVs). The various fuel types are electric, diesel, and gasoline. The various tonnage capacities include less than 2.5 tons, 2.5 to 3.5 tons, and more than 3.5 tons. The global light commercial vehicle market is segmented – 1) By Vehicle Type: Passenger Van, Cargo Van, Pickup Trucks, Light Trucks, Mini Buses, Other Vehicle Types 2) By Fuel: Electric, Diesel, Gasoline 3) By Tonnage Capacity Type: Less Than 2.5 Tons, 2.5 To 3.5 Tons, More Than 3.5 Tons The global light commercial vehicle market size will grow from $568.17 billion in 2022 to $639.87 billion in 2023 at a compound annual growth rate (CAGR) of 12.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global light commercial vehicle is expected to grow to $1,001.35 billion in 2027 at a CAGR of 11.8%. The increase in online shopping is expected to drive the light commercial vehicle market. As urbanisation has increased, it has created new retail and e-commerce platforms that require efficient logistics, which could be fulfilled by light commercial vehicles (LCV). Moreover, the current pandemic situation has impacted online shopping owing to health concerns. According to Adobe Analytics, consumers in the USA spent $2.2 billion on November 2nd, 2020, a 31% increase in year-over-year growth, and another $2.0 billion on November 3rd, 2020, which was a 27% year-over-year increase. Thus, increased demand for goods through e-commerce is pushing the use of LCVs in logistics, paving the way for the growth of the light commercial vehicle market. Major players in the light commercial vehicle market are Daimler, Ford, Renault, Volkswagen, Ashok Leyland, Tata Motors, SML Isuzu Limited, Toyota Motor, Groupe PSA, and Nissan. The stringent emission norms imposed by the government-related CO2 emissions are expected to be a major challenge for the light commercial vehicle market. In the European Union (EU), LCV CO2 emission targets were set at 175g/km. The EU imposed stricter CO2 emission standards on passenger cars and LCVs, which came into force in January 2020. According to the new regulation standards (Regulation (EU) No 2019/631), the average CO2 emission target is 147 grammes of CO2 per kilometer. The new regulations focus on reducing average CO2 emissions by 31% for LCVs by 2030 as compared to 2021. The commission will impose an excess emission premium on the manufacturer of $112.15 (€95) for each g/km that is exceeded for all registered LCV if the manufacturer exceeds a specific emissions target. The strict CO2 emission regulations impact manufacturing expenditure and limit the growth of the light commercial vehicle market. Skateboard architecture is increasingly being preferred by manufacturers for high efficiency and productivity in light commercial vehicles and is turning out to be a trend in the light commercial vehicle market. The skateboard architecture refers to an actual physical platform, which forms the floor of the vehicle and incorporates the battery. For instance, in February 2020, Hyundai partnered with Canoo, a Los Angeles-based company creating EVs, to jointly develop an electric vehicle (EV) platform. Hyundai and Kia’s scalable skateboard architecture will provide a simplified and standardised development process for their electrified vehicles, and this will help reduce costs. North America was the largest region in the light commercial vehicles market in 2022. Asia-Pacific was the second-largest region in the light commercial vehicle market share. The regions covered in the global light commercial vehicle market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa. The countries in the light commercial market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, USA. The light commercial vehicle market consists of sales of cars and vans. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The light commercial vehicle market research report is one of a series of new reports from The Business Research Company that provides light commercial vehicle market statistics, including light commercial vehicle global market size, regional shares, competitors with a light commercial vehicle market share, detailed light commercial vehicle market segments, market trends and opportunities, and any further data you may need to thrive in the light commercial vehicle industry. This light commercial vehicle market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The geophysical services specialise in locating and measuring the number of resources such as minerals, oil, and gas, assessing earthquake hazards, investigating the subsurface for engineering structures, investigating archaeological sites, and imaging the subsurface for environmental hazards. The main types of surveys in geophysical services are land, marine, and aerial. Land surveying is the art and science of creating or reinforcing real property (land) corners, lines, borders, and landmarks based on documented documents, historical data, and current practise standards. The different technologies include seismic, magnetic, gravity, electromagnetic, lidar, ground penetrating, and others and are used in various applications such as roads, rails, ports, airports, pipelines, and others. The several sectors include agriculture, the environment, minerals and mining, oil and gas, water exploration, and others. The global geophysical services market is segmented - 1) By Survey Type: Land, Marine, Aerial 2) By Technology: Seismic, Magnetic, Gravity, Electromagnetic, Lidar, Ground Penetrating, Other Technologies 3) By Application: Road, Rail, Port, Airport, Pipeline, Other Applications 4) By End User: Agriculture, Environment, Minerals and Mining, Oil and Gas, Water Exploration, Other End Users The global geophysical services market size will grow from $14.15 billion in 2022 to $14.67 billion in 2023 at a compound annual growth rate (CAGR) of 3.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global geophysical services is expected to grow to $16.41 billion in 2027 at a CAGR of 2.8%. Growing exploration activities are contributing to the growth of the geophysical services market. Mineral exploration aims to discover deposits of minerals and rocks that can be used to meet the resource needs of society, which could be fulfilled by geophysical services. According to the Australia Bureau of Statics, released in August 2020, in the first quarter of June 2020, mineral exploration expenditure rose 11.91%, or $72.7 million, to $683.3 million. As per Gold Mining Report of the World Gold Council, the gold mines production of India could rise to 20 tonnes per year from 1.6 tonnes in 2020. Total mine production in Australia rose by 3% y-o-y due to higher production at a few mines. Thus, the rise in production and exploration in different sectors by using geophysical devices is paving the way for the growth of the geophysical services market. Major players in the geophysical services market are Schlumberger, TGS Geophysical Company (UK) Ltd., CGG Geoscience company, Ion Geophysical, Polarcus Ltd., Geokinetics, Halliburton Company, Dawson Geophysical Services, EON Geosciences Inc., Geophysical Survey Systems Inc., Phoenix Geophysics, Sea Geo Surveys Pvt Ltd., Spectrum Geophysics, Geotech Survey, P.G.S., BGP Inc., Fugro, SA Exploration, Seabird Exploration, EMGS, Geospace Technologies, COSL-China Oilfield Services Limited, New Resolution Geophysics (NRG), Paradigm, Ramboll Group AS, Sercel SA, IRIS Instruments, DMT Gmbh and Co.KG., Petroleum Geo Services, Geoex Ltd and IG Seismic Services. Geohazards are one of the major challenges faced by the geophysical services market. Geohazards include earthquakes, landslides, collapses, debris flows, and ground collapses, which may lead to widespread damage or risk. Mining activities sometimes lead to earthquakes, which can lead to the collapse of roofs in mines. At least 19 people died and many were injured due to the collapse of the marble mine at Zairat Ghar Mountain in Pakistan. Similarly, in March 2022, 14 workers died in China’s Sanhe Shunxun coal mine due to a roof shaft collapse. Failure of geophysical devices such as microseismic monitoring devices can lead to geohazards and thus limit the growth of the geophysical services market. Geophysical service providers are using drones to conduct aerial geophysical surveys. Estimating the variety of key physical or geochemical boundaries of the earth by means of air is conducted through aerial/airborne geophysical surveying. Drones used for surveying are equipped with a magnetometer and other sensors such as electromagnetic, gamma-ray, spectrometry, magnetic, and gravity to get clear and productive results from the survey. In June 2020, Terremys, a startup company, launched a lightweight UAV (Unmanned Aerial Vehicles) magnetic survey technology which will allow multi-scale aeromagnetic surveys using a measuring system weighing less than 500 grams. AeroVision Airborne Geophysics (Drone-MAG) is an innovative product of Abitibi Geophysics which provides low-altitude aeromagnetic surveys, creating high-resolution data at regular intervals at a fraction of the cost of the ground mag. In September 2020, Liberty Oilfield Services, a US-based oilfield service company, acquired the hydraulic fracturing arm of Schlumberger Ltd. for $448 million. With the help of this deal, Liberty will gain the OneStim business unit of Schlumberger and expand its technology portfolio in geophysical services. Schlumberger is a US-based company providing services in oilfields, geophysics, and others. North America was the largest region in the geophysical services market in 2022. Western Europe was the second largest region in the global geophysical services market share. The regions covered in the global geophysical service market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the geophysical services market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The geophysical services market consists of revenue earned by entities by providing services such as locating and measuring the extent of subsurface resources, such as oil, gas, and minerals, and also conducting surveys for engineering purposes. The surveying techniques include magnetic surveys, gravity surveys, seismic surveys, or electrical and electromagnetic surveys. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for specified geography are consumption values – that is, they are revenues generated by organizations in the specified geography within the specified geophysical services market, irrespective of where they are produced. It does not include revenues from resales, either further along the supply chain or as part of other products. The geophysical services market research report is one of a series of new reports from The Business Research Company that provides geophysical services market statistics, including geophysical services industry global market size, regional shares, competitors with a geophysical services market share, detailed geophysical services market segments, market trends and opportunities, and any further data you may need to thrive in the geophysical services industry. This geophysical services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Military radar is a detection system used in the military to detect the presence, direction, distance, and speed of air, ground, and sea targets. The military radar includes components such as a transmitter, antenna, receiver, and indicator. The main types of military radars are land radars, naval radars, airborne radars, and space-based radars. Naval radars are X-band or S-band radars installed on ships that detect other ships and land obstacles, providing bearing and distance for collision avoidance and navigation at sea. The various functionality of military radar includes surveillance and airborne early warning radar, tracking, and fire control radar, multi-function radar, synthetic aperture and moving target indicator radar, a ground-penetrating radar that is used for weapon guidance, air and missile defense, navigation, airborne mapping, ground force protection and counter-battery, mine-detection, and underground mapping. The global military radars market is segmented - 1) By Type: Land Radar, Naval Radar, Airborne Radar, Space-Based Radar 2) By Functionality: Surveillance and Airborne Early Warning Radar, Tracking and Fire Control Radar, Multi-Function Radar, Synthetic Aperture and Moving Target Indicator Radar, Ground Penetrating Radar 3) By Application: Weapon Guidance, Airspace Monitoring and Traffic Managent, Ground Surveillance and Intruder Detection, Air and Missile Defense, Navigation, Airborne Mapping, Ground Force Protection and Counter-Battery, Mine-Detection and Underground Mapping The global military radars market size will grow from $57.91 billion in 2022 to $62.66 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global military radars is expected to grow to $79.37 billion in 2027 at a CAGR of 6.1%. The military radar market covered in the military radar market report is segmented by type into land radar, naval radar, airborne radar, and space-based radar, by functionality into surveillance and airborne early warning radar, tracking and fire control radar, multi-function radar, synthetic aperture, and moving target indicator radar, and ground-penetrating radar, by application into weapon guidance, airspace monitoring, and traffic management, ground surveillance and intruder detection, air and missile defense, navigation, airborne mapping, ground force protection, counter-battery, mine detection, and underground mapping. Major players in the military radar market report are Lockheed Martin, Raytheon Technologies, Thales Group, BAE Systems, Israel Aerospace Industries, Leonardo, SAAB, ASELSAN, Hensoldt, Airbus, General Dynamics, Northrop Grumman, Finmeccanica, Honeywell International, Harris Corporation, L3 Harris Technologies, and TERMA. Growth in defense spending by emerging economies has contributed to the growth of the military radar market. Military spending includes operation, maintenance, procurement of weapons and armoured vehicles, and military research and development. For instance, in April 2022, according to the Stockholm International Peace Research Institute (SIPRI), a Sweden-based international research institute on arms control, arms transfers, and non-proliferation, in 2021, total global military spending was expected to increase by 0.7% in real terms to $2113 billion. This was the seventh straight year that spending increased. Military R&D funding in the United States increased by 24% between 2012 and 2021, while China, the world's second-largest spender, allocated an estimated $293 billion to its military in 2021, a 4.7% increase over 2020. China's military spending has increased for the past 27 years. The growth in defense spending by emerging economies drove the military radar market. The high cost of radar is expected to restrict the growth of the market for military radar in the forecast period. Fire control systems, command and control systems, missiles, and anti-aircraft systems are some of the systems that are to be integrated with military radars, and maintenance of these systems is also expensive. These high costs are due to the involvement of significant research and development, and modifications to the radar systems. For instance, in January 2021, according to an article published by the Congressional Budget Office, a US-based government agency, according to the 2020 budget request, the cost of the DoD's (Department of Defense) missile defense plans over a ten-year period will be approximately $176 billion (in current dollars) from 2020 to 2029. High maintenance and modification costs are thus limiting the growth of military radar systems. The MIMO (multiple inputs, multiple outputs) system is increasingly being used in the military radar market. A MIMO radar system is used for simultaneous transmission and reception by multiple antennas or channels. They are also used to gain a low probability of intercepting radar signals. For instance, in November 2020, Advanced Protection Systems Inc., a US-based security system supplier, introduced an advanced FIELDctrl 3D MIMO radar for military, security, and critical infrastructure applications. The advanced radar is large, featuring MIMO, MHT, and micro-doppler capabilities. The advanced radar addresses requirements such as precision of detection and classification, quality of clutter removal, accuracy of tracking, and a super-high refresh rate in military applications. For an undisclosed amount, SRC, a New York-based defense research and development company, acquired SAZE, a US-based company that works on research and development of radar. The acquisition is expected to bring new capabilities to the SRC’s extensive radar knowledge base. The SRC will focus on leveraging SAZE’s technology to develop life-saving systems for the armed forces. SAZE was established in 2012 and is involved in the research and development of radars. North America was the largest region in the military radar market in 2022. North America is expected to be the fastest-growing region in the global military radars market share during the forecast period. The regions covered in the military radars market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the military radars market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The military radar market consists of sales of military radars such as simple pulse radar, moving-target indication (MTI) radar, high-range resolution radar, and imaging radars. Values in this market are factory gate values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organisations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The military radars market research report is one of a series of new reports from The Business Research Company that provides military radars market statistics, including military radars industry global market size, regional shares, competitors with a military radars market share, detailed military radars market segments, market trends and opportunities, and any further data you may need to thrive in the military radars industry. This military radar market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Geophysical data sales are used to obtain quick access to seismic data, cutting-edge data center services, and robust networks, and to collect or evaluate core samples or cuttings. Geophysical data can help locate hydrocarbons, minerals, aggregate, and other natural resources. The main types of geophysical data sales are aerial-based surveys and land-based surveys. An aerial-based survey is a means of collecting geodetic or other imagery using airplanes, helicopters, unmanned airborne vehicles (UAVs), balloons, or other aerial methods. The different technologies include seismic, magnetic, gravity, electromagnetics, LIDAR, ground penetrating, and others, and the services provided include data processing, data interpretation, and data acquisition. The services are used by agriculture, the environment, minerals and mining, oil and gas, and water exploration. The global geophysical data sales market is segmented - 1) By Technology: Seismic, Magnetic, Gravity, Electromagnetics, LIDAR, Ground Penetrating, Other Technologies 2) By Type: Aerial-based Survey, Land-based Survey 3) By Services: Data Processing, Data Interpretation, Data Acquisition 4) By End User: Agriculture, Environment, Minerals & Mining, Oil & Gas, and Water Exploration The global geophysical data sales market size will grow from $2.81 billion in 2022 to $2.91 billion in 2023 at a compound annual growth rate (CAGR) of 3.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global geophysical data sales is expected to grow to $3.22 billion in 2027 at a CAGR of 2.6%. Increased applications in oil and gas exploration activities in emerging countries due to the increasing demand from the oil and gas industry have contributed to the growth of the global geophysical data sales market. For instance, according to the U.S. Energy Information Administration, in 2020, the world consumed 92.2 million barrels of petroleum and other liquid fuels per day (b/d). Geophysical data sales are used in the oil and gas industry to obtain fast access to seismic data, state-of-the-art data centre services, and robust networks, and are also used to collect or evaluate core samples or cuttings. Thus, oil and gas exploration activities drove the demand for metals and minerals, which in turn propelled the revenues generated for the growth of the geophysical data sales market. Major players in the geophysical data sales market are Dawson Geophysical Company, EON Geosciences, Geotech Surveys, TGS Geophysical Company, Geophysical Survey Systems, Inc., CGG SA, Fugro NV, Petroleum Geo-Services ASA, Phoenix Geophysics, and Sea Geo Surveys Pvt. Ltd. The decreasing investment in seismic surveys is expected to restrain the growth of the global geophysical data sales market during the forecast period. In geophysical data sales, seismic surveys play the most significant role in supplying valuable data for oil and gas exploration. As customers focus on cost, they overlook the fact that the value is worth the expense, which would likely affect the new investments. For instance, the Rystad Energy analysis stated that offshore seismic revenues declined by 51%–77% in 2020, compared to levels seen in 2019. In addition, exploration investment fell by more than 20% in 2020 compared to the previous year. Moreover, getting permission for conducting a seismic survey would also be a challenge because it is regarded as a controversial means of mapping the seabed, which would cause potential harm to marine life, subsequently affecting the new investments. The launch of seismic technology has created immense demand in the geophysical data sales market. Seismic technology is used by oil and gas researchers to map and interpret potential hydrocarbon reserves. But by adding the time dimension, 4D seismic technology shows how a reservoir will change over time. In April 2021, QuakeLogic and SignaGuard, launched seismic sensor-enabled with Edge AI, a structural health monitoring technology for earthquake-prone region. With its advanced IoT features, it is capable of automatically shutting down electrical lines based on seismic levels, triggering automated SMS/email alerts of damage, and uses an open-source technical platform to integrate algorithms from third parties. North America was the largest region in the geophysical data sales market in 2022. Western Europe was the second largest region in the global geophysical data sales market share. The regions covered in the global geophysical data sales market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the geophysical data sales market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The geophysical data sales market consists of revenue earned by entities by providing services such as locating and measuring the extent of subsurface resources, such as oil, gas, and minerals, and also conducting surveys for engineering purposes. The surveying techniques include magnetic surveys, gravity surveys, seismic surveys, or electrical and electromagnetic surveys. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for specified geography are consumption values – that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products. The geophysical data sales market research report is one of a series of new reports from The Business Research Company that provides geophysical data sales market statistics, including geophysical data sales industry global market size, regional shares, competitors with a geophysical data sales market share, detailed geophysical data sales market segments, market trends and opportunities, and any further data you may need to thrive in the geophysical data sales industry. This geophysical data sales market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Laser marking refers to a permanent process that uses a beam of concentrated light for creating a lasting mark on a surface. It utilizes a concentrated beam of light to leave a permanent mark on a surface. A fiber, pulsed, continuous wave, green, or UV laser system is commonly used for laser marking, and it covers a wide range of applications. Laser marking employs no consumables and requires less maintenance than other non-permanent marking procedures like printing or labelling. The main types of lasers marking machines include CO2 laser, Fiber laser, Green laser, UV laser and YAG laser. The CO2 laser marking machines are used for working with non-metallic materials and most plastics. The offerings include hardware, software, and services used for various applications include automotive, aerospace, machine tool, electronics and microelectronics, medical, packaging, military, and others. The global laser marking machine market is segmented – 1) By Type: CO2 Laser, Fiber Laser, Green Laser, UV Laser, YAG Laser, Other Types 2) By Offering: Hardware, Software, Services 3) By Application: Automotive, Aerospace, Machine Tool, Electronics and Microelectronics, Medical, Packaging, Military, Other Applications The global laser marking machine market size grew from $2.62 billion in 2022 to $2.81 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The laser marking machine market size is expected to grow to $3.73 billion in 2027 at a CAGR of 7.3%. The increase in adoption of laser marking across end-users is significantly driving the growth of the laser marking machine market. The laser marking is highly adopted for its superior consistency, competitor advantage, precision, and timely engraving. In June 2020, Laserax, a Canada-based industrial laser machines and systems manufacturer, announced the LXQ Fiber Laser Marker series that is redefining how simple and accessible laser system integration can be. The laser's characteristics are intended not just to reduce integration time and expense, but also to facilitate collaboration between system integrators and laser experts, a critical aspect for quick and easy laser integration. This series provides unrivalled speed and reliability, making it suitable for end-users metal marking applications. It is capable of producing permanent marks such as data matrix codes, QR codes, serial numbers, alphanumeric characters, and logos. Hence, the increasing adoption of laser marking across end-users is expected to drive the laser marking machine market in the upcoming years. Major players in the laser marking machine market are Gravotech Marking, Epilog, TYKMA Electrox, Han's Laser, LaserStar Technologies Corporation, Trotec Laser, Mecco, Telesis Technologies, Videojet Technologies, Coherent, Sea Force, Keyence Corporation, Huagong Tech Company, ROFIN-SINAR Laser GmbH, and Universal Laser Systems. Product innovation is a key trend gaining momentum in popularity in the laser marking machine market. The key players in the laser marking market are focusing on innovating laser marking products to gain their market position. For instance, in June 2020, Olympus, a Japan-based company providing innovative solutions for medical and surgical procedures, commercially launched the Soltive SuperPulsed Laser System (Soltive Laser System), an innovative application of thulium fiber laser technology designed for soft tissue ablation and stone lithotripsy. Soltive's SuperPulsed Laser System was the first major fiber laser innovation in 20 years for applications in stone lithotripsy and soft tissue. Soltive's SuperPulsed Laser System for stone lithotripsy and soft tissue can dusts stones in half the time other lasers do and cuts soft tissue more precisely with improved hemostasis. In August 2020, Markem-Imaje, a Switzerland-based product identification & traceability solutions provider, acquired Solaris Laser S.A. for an undisclosed amount. This acquisition reinforces the company's Markem-Imaje's position in the market. Further, this will allow Markem-Image to better meet expanding client demand for laser coding technologies, which provide key reliability and productivity benefits in specific applications. Solaris Laser is a Poland-based company involved in the manufacturing of industrial Fiber and CO2 laser coding, marking, and engraving systems. Asia-Pacific was the largest region in the laser marking machine market in 2022. The regions covered in the laser marking market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the Laser Marking Machine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The laser marking machine market consists of sales of pulsed machines, continuous wave machines, underbonnet parts, structural components, body panels, headlamps, bumpers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this laser marking machine market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The laser marking machine market research report is one of a series of new reports from The Business Research Company that provides laser marking machine market statistics, including laser marking machine industry global market size, regional shares, competitors with laser marking machine market share, detailed laser marking machine market segments, market trends and opportunities, and any further data you may need to thrive in the laser marking machine industry. This laser marking machine market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Drone package delivery refers to the services that deliver packages through drones. Delivery drones are unmanned aerial vehicles (UAVs) capable of carrying lightweight packages. Delivery drones are functioned independently or remotely, with controllers theoretically monitoring several drones at one time. The drone package delivery market covered in the report is segmented by drone type into fixed wing, rotor drone, hybrid drones, by range into short <25 kilometers, long >25 kilometers, by package size into < 2 kilograms, 2 – 5 kilograms, > 5 kilograms, by application into e-commerce, quick service restaurant, convenience stores, healthcare, others. The global drone package delivery market is segmented – 1) By Drone Type: Fixed Wing, Rotor Drone, Hybrid Drones 2) By Range: Short <25 Kilometers, Long >25 Kilometers 3) By Package Size: < 2 Kilograms, 2 – 5 Kilograms, > 5 Kilograms 4) By Application: E-Commerce, Quick Service Restaurant, Convenience Stores, Healthcare, Other Applications The global drone package delivery market grew from $1.46 billion in 2022 to $2.10 billion in 2023 at a compound annual growth rate (CAGR) of 43.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of drone package delivery is expected to grow to $9.21 billion in 2027 at a CAGR of 44.7%. The increasing demand for drone deliveries during COVID-19 is expected to propel the growth of the drone package delivery market in the coming years. During the COVID-19 period, contactless distribution increased, and drones played a crucial role in ensuring that companies and clients communicated as little as needed. Drones are heading to the sky in massive numbers during the pandemic to bring vital goods and drugs to populations under lockdown. In recent weeks of 2020, Alphabet's drone delivery company Wing has seen a major rise in demand as individuals comply with social distancing guidelines during the COVID-19 outbreak. Many individuals have been using the service in recent months as the COVID-19 pandemic continues, and Wing found that between February 2020 and April 2020, also in Australia, the use of its service increased by 500%. Therefore, the increasing demand for drone deliveries during COVID-19 drives the growth of the drone package delivery market. Major players in the drone package delivery market are Amazon.com, Inc., United Parcel Service of America, Inc., Zipline, FedEx, DHL International GmbH, Boeing, Matternet, Inc., Flirtey, Drone Delivery Canada Corp., Flytrex. The high cost of drone deliveries is expected to impede the growth of the drone package delivery market over the coming years. Delivery drones or unmanned aerial vehicles are unmanned aircraft delivering items to a specified location. Drones are costly because of all the modern technologies that need to enable them to fly longer, be safer, and avoid hurdles. United parcel service (UPS) charges its customers $12.92 to ship a parcel through drones, but the real average price of shipping one product along a path they are already delivering is likely to be nearer to $2. Therefore, the high cost of drone deliveries is expected to hamper the growth of the drone package delivery market. The growing technological advancements are a key trend gaining popularity in the drone package delivery market. Over the last several years, drones have become extremely prevalent as many individuals and organizations completely accept and incorporate this technology into their business model. For instance, in May 2022, Skyway, an air traffic navigation provider partnered with Zing Drone Delivery, tested their first-ever food product delivery by drone. Zing's advanced delivery systems were used in cooperation with strategic partners to bring its services to the area. In June 2020, PDI Software, an America-based software provides ERP, Fuel Pricing, Logistics, and Marketing Cloud solutions for the convenience retail and petroleum wholesale industries company that acquired Zipline for an undisclosed amount. This acquisition strengthens the PDI Marketing Cloud Platform giving businesses everything they need in a loyalty solution, including customer engagement tools, offers, insights, and integrated digital payments. Zipline is a US-based Logistics & Supply Chain company. North America was the largest region in the drone package delivery market in 2022. The regions covered in the drone package delivery market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the drone package delivery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The drone package delivery market includes revenues earned by entities by providing services such as on-demand drone delivery, and cargo delivery services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The drone package delivery market research report is one of a series of new reports from The Business Research Company that provides drone package delivery market statistics, including drone package delivery industry global market size, regional shares, competitors with a drone package delivery market share, detailed drone package delivery market segments, market trends and opportunities, and any further data you may need to thrive in the drone package delivery industry. This drone package delivery market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The agriculture sensor are used in smart farming to assist farmers in optimizing and monitoring crops. Agricultural sensors help farmers respond to the dynamically changing conditions of the environment. Rising global temperatures, leading to change in an environment unsuitable for crops, can already be predicted with the help of agriculture sensors. The wide range of benefits from precision agriculture includes weather forecasts, real-time farm tracking, and optimum field requirements. The main types of agriculture sensors are humidity sensors, electrochemical sensors, mechanical sensors, optical sensors, pressure sensors, water sensor, soil sensors, and location sensors. The humidity sensor market consists of sales of humidity sensors by entities (organizations, sole traders, and partnerships) that are used to check the moisture and humidity ratio of land. There are four main types of humidity sensors, namely, conductive humidity sensors, thermal conductivity sensors, optic hygrometers, and oscillating hygrometers.It has various end user industry such as manufacturing, automotive, aerospace, packaging, healthcare, electronics and other end-users.These agriculture sensors are used for soil monitoring, yield mapping and monitoring, disease detection and control, weed mapping, and other applications. The global agriculture sensor market is segmented – 1) By Sensor Type: Humidity Sensor, Electrochemical Sensor, Mechanical Sensor, Optical Sensor, Pressure Sensor, Water Sensor, Soil Sensor, Location Sensor 2) By Application: Soil Monitoring, Yield Mapping and Monitoring, Disease Detection and Control, Weed Mapping, Other Applications The global agriculture sensor market size grew from $1.49 billion in 2022 to $1.75 billion in 2023 at a compound annual growth rate (CAGR) of 17.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global agriculture sensor is expected to grow to $3.38 billion in 2027 at a CAGR of 17.9%. The increasing adoption of smart farming practices is expected to propel the growth of the agriculture sensor market over the coming years. Agriculture sensors are widely utilized in smart farming practices for various on-field activities such as weather forecasts, measuring leaf wetness and trunk diameter, spreading pesticides as well as insecticides, and others. The advantages of the sensor over existing technologies, such as easy installation, cheaper use, minimizes pollution and global warming, and remotely controllable, have led to a rapid surge in the utilization of technologies related to sensors in agricultural applications. For instance, according to the study conducted by McKinsey Global Institute, a business and economics research wing of McKinsey, smart farming practices are expected to create up to $11 trillion in economic benefits globally by 2025. Thus, the rapid growth in the adoption of smart farming practices by agricultural communities is expected to drive the growth of agricultural sensor market during the forecast period. Major players in the agriculture sensor market are Libelium Comunicaciones Distribuidas Sl, Auroras, Acquity Agriculture, Pycno, Agsmarts Inc., Edyn, Acclima Inc., Caipos Gmbh, Vegetronix Inc., Sentek Ltd., Aquaspy Inc., CropX, AG Leader, Sol Chip Ltd., Sentera, LLC., Caipos Gmbh, dol-sensors A/S, Glana Sensors AB, Monnit Corporation, and Sensoterra. The emergence of advanced technologies is a key trend gaining popularity in the agriculture sensor market. The key players in the agriculture sensor market are focusing on developing innovative products with emerging technologies and low-cost features to meet the growing demand for smart farming technologies and solutions across the globe. For instance, in March 2021, Monnit Corporation, a USA-based manufacturer of remote monitoring and wireless sensors, launched the ALTA Soil Moisture Sensor, which alerts operators on mobile devices and computers on the location of crops or commercial landscaping to be watered. The two-in-one sensor soil moisture sensor measures both soil water tension and temperature and alerts the operator. In November 2021, Sentera, an America-based agricultural service provider acquired Insight Sensing, an America-based smart agriculture company engaged in manufacturing of precision agriculture and remote sensing research and technologies for an undisclosed amount. Through this acquisition, Sentera aims to widen the capabilities of its product portfolio and partnerships in agriculture services. North America was the largest region in the agriculture sensor market in 2022. Asia-Pacific is expected to be the fastest-growing region in the agriculture sensor market share during the forecast period. The regions covered in the agriculture sensor market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the Agriculture Sensor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The agriculture sensor market consists of revenues earned by entities by providing agriculture sensor services such as air temperature, soil temperature at various depths, rainfall, leaf wetness, chlorophyll, wind speed, dew point temperature, wind direction. The market value includes the value of related goods sold by the service provider or included within the service offering. The agriculture sensor market also includes GPS, accelerometers, smart cameras, and pH sensors which are used in providing agriculture sensor services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The agriculture sensor market research report is one of a series of new reports from The Business Research Company that provides agriculture sensor market statistics, including agriculture sensor industry global market size, regional shares, competitors with agriculture sensor market share, detailed agriculture sensor market segments, market trends and opportunities, and any further data you may need to thrive in the agriculture sensor industry. This agriculture sensor research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The laser weapon systems refer to directed-energy weapons based on lasers. The laser weapon system generates high-energy pulses, that enable an impact on the target. This type of weapon works on the principle of light amplification through stimulated radiation emission (LASER). The main types of products in laser weapons systems are laser designator, LIDAR, 3D laser scanning, laser range finder, ring laser gyro, and laser altimeter. Laser designator is a type of laser weapons system that allows laser designation or surveillance squad to target the designation of laser-guided munitions. The different technologies include solid-state laser, chemical laser, free-electron laser, chemical oxygen-iodine laser, tactical high energy laser, others and is used in air-based, ground-based, and sea-based operations. The global laser weapon systems market is segmented – 1) By Product: Laser Designator, LIDAR, 3D Laser Scanning, Laser Range Finder, Ring Laser Gyro, Laser Altimeter 2) By Technology: Solid State Laser, Chemical Laser, Free Electron Laser, Chemical Oxygen Iodine laser, Tactical High energy laser, Others 3) By Application: Air Based, Ground Based, Sea Based The global laser weapon systems market size grew from $5.59 billion in 2022 to $6.47 billion in 2023 at a compound annual growth rate (CAGR) of 15.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global laser weapon systems is expected to grow to $11 billion in 2027at a CAGR of 14.2%. The increasing investment in military and defense is expected to contribute to the growth of the laser weapon systems market in the coming years. Air-based laser weapon systems provide flexibility and accuracy for self-protection against aircraft, missiles, and ground-based weapons in the military and defense sectors. For instance, according to the Stockholm International Peace Research Institute, global military spending rose to $1981 billion in 2020, a 2.6% increase from 2019. Furthermore, in April 2021, the US Air Force granted a $15.5 million deal for Raytheon Technologies, a US-based aerospace and defense company to develop an enhanced version of a dune buggy-mounted laser weapon system. Therefore, the increase in investments in military and defense propels the market for laser weapon systems market. Major players in the laser weapon systems market are Applied Technology Associates, Boeing, Elbit Systems Ltd., General Atomics, BAE Systems, Lockheed Martin Corporation, MBDA, Northrop Grumman Corporation, Raytheon Technologies Corporation, Rheinmetall AG, Thales Group, Kratos, Leidos, Leonardo SpA, and Rafael Advanced Defense Systems. The increasing research and development activities in laser weapons are shaping the laser weapon systems market. With growing defense budgets and research grants, militaries around the world are using high-energy laser equipment and investing heavily in research and development. For instance, in May 2021, the US military began research on a prototype laser weapon for short-range air defense, which is a 50-kilowatt high-energy laser mounted on an identifiable position of a Stryker A1 vehicle to lock, track and destroy air threats. In June 2022, Lumibird, a France-based laser technology company acquired laser rangefinder business from Saab for an undisclosed amount. With this acquisition, Lumibird will broaden its portfolio in the European market with a wider range of rangefinders and laser systems. Saab is a Sweden-based firm that designs advanced systems across sectors such as aeronautics, weapons, underwater, command, and control. North America was the largest region in the laser weapon systems market in 2022. North America is expected to be the fastest-growing region in the laser weapon systems market share during the forecast period. The regions covered in the laser weapon systems market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the laser weapon systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The laser weapon systems market consists of sales of high energy laser weapon systems, and high-powered microwaves. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The laser weapon systems market research report is one of a series of new reports from The Business Research Company that provides laser weapon systems market statistics, including laser weapon systems industry global market size, regional shares, competitors with a laser weapon systems market share, detailed laser weapon systems market segments, market trends and opportunities, and any further data you may need to thrive in the laser weapon systems industry. This laser weapon systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.