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By 2030, the size of the global LiDAR market is anticipated to be USD 4.83 billion, growing at a CAGR of 13.8% from 2023 to 2030. The market is growing as a result of the rising use of LiDAR technology for monitoring 3D-modeling applications in the building and architectural sectors, as well as environments for vehicle safety implementation and environmental mapping.
LiDAR, also known as laser imaging, detection, and ranging, is an acronym for light detection and ranging. It is also referred to as 3-D laser scanning, a combination of 3-D and laser scanning. In addition to its many other uses, such as laser navigation, aerial laser swath mapping (ALSM), laser altimetry, archaeology, geography, geology, geomorphology, seismology, forestry, and geodesy, lidar is frequently used to produce high-resolution maps.
LiDAR systems can quickly and accurately conduct a complete assessment of big areas. Additionally, laser scanners with support from the global positioning system and extremely sensitive cameras enable engineers to produce designs that adhere to project standards and offer precise feasibility assessments. Compared to earlier generations, LiDAR technology enables scientists and mapping experts in the oil, gas, and mining industries to analyse built and natural environments over a wide range of scales with enhanced precision, resolution, and mobility. One of the main factors driving market expansion is the rising demand for UAVs or drones for a range of applications, including videography and photography, engineering, and threat identification, among others.
Driving Factors
Demand is being driven by a market trend that is accelerating quickly as a result of LiDAR's enhanced automation, which aims to reduce labour costs and boost productivity. As sophisticated 3D image technology becomes more and more common across a variety of security and surveillance activities, LiDAR technology is expanding quickly. The market is also growing as a result of the increasing use of different LiDAR systems in UAVs, the use of LiDAR in engineering and construction applications, the development of 4D LiDAR, the easing of regulations governing the use of commercial drones in various applications, as well as other factors.
Restraining Factors
However, compared to conventional surveying techniques, LiDAR technologies are incredibly expensive, which restrains market growth. Additionally, it is anticipated that the growth of the LiDAR industry would be constrained by the spread of affordable and portable photogrammetry technology for surveys and mapping. Additionally, a key barrier to market expansion is thought to be a shortage of knowledgeable consumers. For the use of LiDAR systems, it is essential to educate and enlighten the public in order to improve people's capacity to address environmental and development issues and support sustainable development.
Report Coverage
Global LiDAR research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global LiDAR report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and LiDAR competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key LiDAR market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global LiDAR market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, LiDAR market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Sick AG, Yellow Scan, Valeo, GeoDigital, Faro Technologies, Inc., Airborne Hydrography AB, Trimble Navigation Limited, RIEGL USA, Inc., Xenomatrix,OSRAM,Denso Corporation, GeoSLAM Ltd., Leica Geosystems Holdings AG, Firmatek LLC, Velodyne LiDAR, Inc., Teledyne Optech Incorporated, Quantum Spatial, Inc., Mira Solutions Inc., Beijing SureStar Technology Co. Ltd.,HEXAGON, Aerometric Surveys.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global LiDAR market based on the below-mentioned segments:
Global LiDAR Market, By Type
Global LiDAR market, By Application
Global LiDAR market, Regional Analysis
LiDAR, also known as laser imaging, detection, and ranging, is an acronym for light detection and ranging. It is also referred to as 3-D laser scanning, a combination of 3-D and laser scanning. In addition to its many other uses, such as laser navigation, aerial laser swath mapping (ALSM), laser altimetry, archaeology, geography, geology, geomorphology, seismology, forestry, and geodesy, lidar is frequently used to produce high-resolution maps.
LiDAR systems can quickly and accurately conduct a complete assessment of big areas. Additionally, laser scanners with support from the global positioning system and extremely sensitive cameras enable engineers to produce designs that adhere to project standards and offer precise feasibility assessments. Compared to earlier generations, LiDAR technology enables scientists and mapping experts in the oil, gas, and mining industries to analyse built and natural environments over a wide range of scales with enhanced precision, resolution, and mobility. One of the main factors driving market expansion is the rising demand for UAVs or drones for a range of applications, including videography and photography, engineering, and threat identification, among others.
Driving Factors
Demand is being driven by a market trend that is accelerating quickly as a result of LiDAR's enhanced automation, which aims to reduce labour costs and boost productivity. As sophisticated 3D image technology becomes more and more common across a variety of security and surveillance activities, LiDAR technology is expanding quickly. The market is also growing as a result of the increasing use of different LiDAR systems in UAVs, the use of LiDAR in engineering and construction applications, the development of 4D LiDAR, the easing of regulations governing the use of commercial drones in various applications, as well as other factors.
Restraining Factors
However, compared to conventional surveying techniques, LiDAR technologies are incredibly expensive, which restrains market growth. Additionally, it is anticipated that the growth of the LiDAR industry would be constrained by the spread of affordable and portable photogrammetry technology for surveys and mapping. Additionally, a key barrier to market expansion is thought to be a shortage of knowledgeable consumers. For the use of LiDAR systems, it is essential to educate and enlighten the public in order to improve people's capacity to address environmental and development issues and support sustainable development.
Report Coverage
Global LiDAR research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global LiDAR report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and LiDAR competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key LiDAR market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Sick AG, Yellow Scan, Valeo, GeoDigital, Faro Technologies, Inc., Airborne Hydrography AB, Trimble Navigation Limited, RIEGL USA, Inc., Xenomatrix,OSRAM,Denso Corporation, GeoSLAM Ltd., Leica Geosystems Holdings AG, Firmatek LLC, Velodyne LiDAR, Inc., Teledyne Optech Incorporated, Quantum Spatial, Inc., Mira Solutions Inc., Beijing SureStar Technology Co. Ltd.,HEXAGON, Aerometric Surveys. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of LiDAR Market from 2021 to 2030.
- Market Forecast for LiDAR Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, LiDAR competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on LiDAR
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global LiDAR market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, LiDAR market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Sick AG, Yellow Scan, Valeo, GeoDigital, Faro Technologies, Inc., Airborne Hydrography AB, Trimble Navigation Limited, RIEGL USA, Inc., Xenomatrix,OSRAM,Denso Corporation, GeoSLAM Ltd., Leica Geosystems Holdings AG, Firmatek LLC, Velodyne LiDAR, Inc., Teledyne Optech Incorporated, Quantum Spatial, Inc., Mira Solutions Inc., Beijing SureStar Technology Co. Ltd.,HEXAGON, Aerometric Surveys.
Primary Target Market
- Market Players of LiDAR
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global LiDAR market based on the below-mentioned segments:
Global LiDAR Market, By Type
- Solid State
- Mechanical
Global LiDAR market, By Application
- Corridor Mapping
- Engineering
- Environment
- Robotic Vehicles
- Advanced Driver Assistance Systems
- Exploration
- Urban Planning
- Other
Global LiDAR market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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