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Home ➤ Aerospace and Defence ➤ Defence and Homeland Security ➤ LiDAR Market
LiDAR Market

LiDAR Market

Published date: Jul 2022 • Formats:
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  • Home ➤ Aerospace and Defence ➤ Defence and Homeland Security ➤ LiDAR Market

Global LiDAR Market by Product Type, By Component, By Application, By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2023-2032

  • Published date: Jul 2022
  • Report ID: 50873
  • Number of Pages: 379
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  • Overview
  • Table of Contents
  • Major Market Players
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    Report Overview

    The global LiDAR market was worth USD 1.6 billion in 2021. It is expected to reach USD 4.26 billion at a compound annual growth rate (CAGR) of 9.3% between 2023 and 2032. Technology advancements in spatial resolution in LiDAR-based digital maps allow for better detection of changes on hillsides, water runoff from agriculture and mining sites, and inland waterways.

    lidar market analysis

    Automation in Light Detection and Ranging has led to a rise in the market. This allows for fewer human efforts and increases efficiency. This market report gives a detailed analysis of the LiDAR market size, share, growth, key trends, market insights, market drivers, and other key factors.

    Global LiDAR Market Scope:

    Product Type Analysis

    The airborne segment was dominant in the market, accounting for 37.5% of the total revenue share in 2021. Due to the increasing adoption of aerial mapping devices, the segment’s growth is expected to continue over the next few years. Aerial LiDAR is a precise and comprehensive method to create digital elevation models. It can replace photogrammetry. This system provides greater area coverage than its terrestrial counterparts, and large-area mapping is possible in shorter time periods.

    Terrestrial LiDAR is mobile or stationary and can only be used on the Earth’s surface. Static terrestrial scanning is the preferred method for monitoring, traditional topography, forensics, and cultural heritage documentation. Mobile and UAV Light Detection and Rangingworks in both aerial and mobile modes.

    It can also be used on the Earth’s surface and surrounding environment. Major investment is expected from key players to drive the Light Detection and Rangingmarket’s growth. This includes the rising use of UAV and mobile LiDAR systems and the increasing number and quality of product launches. RIEGL Laser Measurement Systems GmbH introduced the lightweight airborne LiDAR (lightweight airborne LiDAR) for UAVs in October 2019.

    This miniature UAV sensor is used primarily for UAV-based applications that require acquiring small objects. YellowScan Explorer, a French-based UAV Light Detection and Rangingsolution designer, was also launched in September 2021 by YellowScan. It can be mounted on light aircraft with a human crew or used to switch between different UAV platforms. It was able to be used by end-users for a variety of projects.

    Component analysis

    The laser scanner segment was dominant, with a 45.5% revenue share in 2021. Aerial scanning and mapping will see increased demand in 2021 due to their greater adoption globally. Laser scanners can record intensity values and provide a return signal strength. This is useful for distinguishing objects with variable reflectivity. 2D point cloud data is produced by laser scanner LiDAR.

    This data can be used for localization, mapping, and object & environmental modeling. With a CAGR rate of 11.4%, the laser based scanner segment will see significant growth over the forecast period. Laser scanners can measure the intensity of objects to provide a return signal strength. This allows them to distinguish objects with variable reflectivity.

    2D point cloud data is produced by laser scanner LiDAR. This data can be used for localization, mapping, and environment modeling. 3D scanning technology is now more popular due to its lower cost. Pepperl+Fuchs introduced the R2300 multi-layer scanner in December 2019. It offered high measurement density with Light Detection and Ranginglaser technology.

    Application analysis

    Corridor mapping dominated the market with a 38.2% revenue share in 2021. Due to the rapid incorporation of LiDAR sensors in various automotive safety apps, the ADAS segment will see a 13.7% CAGR over the forecast period. Tower Semiconductor, a manufacturer of integrated circuits, based in Israel, announced its breakthroughs in LiDAR technology for Advanced Driver Assistance Systems.

    This was achieved through the development of LiDAR IC technology. Market share for corridor mapping is expected to drop over the forecast period. Driver assistance systems and low-speed collision avoidance devices are two of the most in-demand technologies. The integration of a map-enabled system provides a variety of application options. This includes lane departure systems and driver assistance systems.

    Intelligent front lighting systems enabled by the combined adaptive front lighting can also be incorporated. Assistive driving cars have been gaining popularity in recent years. These automobiles use Light Detection and Rangingand cameras to detect the surrounding environment and avoid accidents. Velodyne LiDAR Inc., a California-based LiDAR technology company, made announcing the acquisition of Mapper.ai, Inc.’s localization and mapping software in July 2019. This acquisition was made to increase the production of the company’s ADAS systems.

    Recently, LiDAR has become one of the most significant tools utilized within commercial drones. commercial drone industry to capture quality and precise evaluation data. Furthermore, governments from several countries are using LiDAR technology to map topographical surveys, surveillance also monitoring the gas, oil as well as mining sectors.

    Кеу Маrkеt Ѕеgmеntѕ

    By Product Type

    • Airborne
    • Terrestrial
    • Mobile & UAV

    By Component

    • GPS
    • Navigation (IMU)
    • Laser Scanners
    • Others

    By Application

    • Corridor Mapping
    • Engineering
    • Environment
    • Exploration
    • Advanced Driver Assistance Systems (ADAS)
    • Others

    Market Dynamics:

    Market growth is expected to be driven by the Increasing Requirement for 3D imagery in the military, defense, and civil engineering areas. 3D mapping, corridor mapping, and city planning all use textured 3D imagery. Modern safety characteristics are being installed at an increasing rate.

    In countries like the United States, self-driving vehicles can be on the roads. These cars come alongside LiDAR for & navigation apps. LiDAR can also be used to monitor the weather state & environment monitoring. Canada environment monitoring stations use LiDAR technology to monitor tropospheric pollutants.

    LiDAR stations are crucial in monitoring volcanic ash that could cause interference alongside air travel. This technology is also used to map the oil sand monitoring network. This increased accuracy will allow for numerous applications of LiDAR technology, which is expected to drive market growth over the forecast period. Not enough educated customers impede the market growth.

    It is important to determine the extent of customer education to lower the cost of designing & implementing such programs. Customers’ education & awareness are essential for improving people’s ability to tackle development and environmental problems and stimulating sustainable development.

    Regional Analysis

    North America was the dominant market in 2021, with a 35.4% revenue share. This is due to the increasing adoption of administrative regulations that mandate the installation of certain automotive safety technology in light- and heavy-weight vehicles.

    Asia Pacific will be the fastest-growing region, with a CAGR between 2023 and 2032 of 14.2%. North America saw growth opportunities in its automotive sector due to the growing adoption of technologies like ADAS or AEB. China and India will remain attractive markets due to increased investment from both domestic and foreign players.

    The companies are expanding their presence in Europe and Asia Pacific to improve customer service. Ouster LiDAR, for example, expanded its presence in Asia Pacific and Europe in August 2019 with new offices in Shanghai and Paris. Outer LiDAR partnered with Kudan Inc. in November 2021 to increase its presence in Japan.

    lidar market value

    Key Regions and Countries covered іn thе rероrt:

    • North America
      • US
      • Canada
      • Mexico
    • Europe
      • Germany
      • UK
      • France
      • Italy
      • Russia
      • Spain
      • Rest of Europe
    • APAC
      • China
      • Japan
      • South Korea
      • India
      • Rest of Asia-Pacific
    • South America
      • Brazil
      • Argentina
      • Rest of South America
    • Middle East & Africa
      • GCC
      • South Africa
      • Israel
      • Rest of MEA

    Market Share & Key Players Analysis:

    Many market players offer innovative solutions that help consumers adapt to changing technologies, business practices, and security requirements. Many prominent players in Europe offer innovative solutions for various application needs. There is intense competition for market dominance. This allows market consolidation through strategic initiatives like mergers and acquisitions.

    Industry participants have formed strategic partnerships with distributors and suppliers to strengthen their product range and geographic presence. The following are some of the most prominent players in LiDAR’s worldwide market: Sick AG, RIEGL USA, Inc., Quantum Spatial, Inc., Teledyne Optech Incorporated, Trimble Navigation Limited, Faro Technologies, Inc., Leica Geosystem Holdings AG, Velodyne LiDAR, Inc., and Other Key Players. These major players seek the assistance of various strategies to increase their position in the market and increase the development of the market.

    lidar market share

    Маrkеt Кеу Рlауеrѕ:

    • Sick AG
    • RIEGL USA, Inc.
    • Quantum Spatial, Inc.
    • Teledyne Optech Incorporated (A part of Teledyne Technologies)
    • Trimble Navigation Limited
    • Faro Technologies, Inc.
    • Leica Geosystems AG
    • Velodyne LiDAR, Inc.
    • Innoviz Technologies Ltd.
    • Other Key Players

    These are the key companies included in this market.


    For the LiDAR Market research study, the following years have been considered to estimate the market size:

    Attribute Report Details

    Market Size in 2022

    USD 1.6 billion

    Growth Rate

    9.3%

    Forecast Value in 2032

    USD 4.26 billion

    Historical Years

    2016-2020

    Base Year

    2021

    Estimated Year

    2022

    Short Term Projection Year

    2028

    Projected Year

    2023

    Long Term Projection Year

    2032

    Report Coverage

    Competitive Landscape, Revenue analysis, Company Share Analysis, Manufacturers Analysis, Volume by Manufacturers, Key Segments, Key company analysis, Market Trends, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis, strategy for existing players to grab maximum market share, and more.

    Regional Scope

    North America, Europe, Asia-Pacific, South America, Middle East & Africa

    Country Scope

    United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa

    Frequently Asked Questions (FAQ)

    What will be the market size for LiDAR Market in 2032?

    In 2032, the LiDAR Market will reach USD 4.26 billion.

    What CAGR is projected for the LiDAR Market?

    The LiDAR Market is expected to grow at 9.3% CAGR (2023-2032).

    Name the major industry players in the LiDAR Market.

    Sick AG, RIEGL USA, Inc., Quantum Spatial, Inc., Teledyne Optech Incorporated, Trimble Navigation Limited and Other Key Players are the main vendors in Cosmetic Packaging.

    List the segments encompassed in this report on the LiDAR Market?

    Market.US has segmented the LiDAR Market by geographic (North America, Europe, APAC, South America, and MEA). By Product Type, market has been segmented into Airborne, Terrestrial and Mobile & UAV. By Component, the market has been further divided into, GPS, Navigation (IMU), Laser Scanners, Others.

    What are the main business areas for the LiDAR Market?

    North America and APAC are the largest market share in LiDAR Market.

    LiDAR Market
    LiDAR Market
    Published date: Jul 2022 • Formats:
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  • ondemand_videoVideos
    • Sick AG
    • RIEGL USA, Inc.
    • Quantum Spatial, Inc.
    • Teledyne Optech Incorporated (A part of Teledyne Technologies)
    • Trimble Navigation Limited
    • Faro Technologies, Inc.
    • Leica Geosystems AG
    • Velodyne LiDAR, Inc.
    • Innoviz Technologies Ltd.
    • Other Key Players

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