Global Light Detection and Ranging (LiDAR) Market, By Component (Laser Scanners, Navigation and Positioning Systems, Others), Technology (2D LiDAR, 3D LiDAR, 4D LiDAR), Type (Mechanical, Solid-State), Installation Type (Airborne LiDAR, Ground-Based LiDAR), Range (Short, Medium, Long), Service (LiDAR Data Processing, Aerial Surveying, Asset Management, GIS Service, Ground-Based Surveying, Mapping and Modelling, Others), Application (Corridor Mapping, Engineering, Environment, ADAS and Driverless Cars, Exploration, Urban Planning, Cartography, Meteorology), End User (Defense and Aerospace, Civil Engineering, Archaeology, Forestry and Agriculture, Mining Industry, Transportation) - Industry Trends and Forecast to 2029
Market Analysis and Size
Light detection and ranging (LiDAR) has gained immense popularity following the introduction of GPS for calculating accurate geospatial measurements. LiDAR utilizes a pulsed laser for calculating an object’s variable distances from the surface of earth, according to American Geoscience Institute. The information collected by the airborne system along with light pulses generate accurate 3D information.
Global Light Detection and Ranging (LiDAR) Market was valued at USD 1.40 billion in 2021 and is expected to reach USD 8.51 billion by 2029, registering a CAGR of 25.30% during the forecast period of 2022-2029. Laser Scanners accounts for the largest component segment in the respective market owing to the increase in the aerial scanning and mapping operations. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Market Definition
LiDAR is a kind of light detection and ranging or laser imaging detection and ranging. LiDAR technology is remote sensing in which light is used in the form of laser to appraise variable distances to the earth. LiDAR is considered as a combination of 3D scanning and laser scanning, therefore it is also known as 3D laser scanning.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Component (Laser Scanners, Navigation and Positioning Systems, Others), Technology (2D LiDAR, 3D LiDAR, 4D LiDAR), Type (Mechanical, Solid-State), Installation Type (Airborne LiDAR, Ground-Based LiDAR), Range (Short, Medium, Long), Service (LiDAR Data Processing, Aerial Surveying, Asset Management, GIS Service, Ground-Based Surveying, Mapping and Modelling, Others), Application (Corridor Mapping, Engineering, Environment, ADAS and Driverless Cars, Exploration, Urban Planning, Cartography, Meteorology), End User (Defense and Aerospace, Civil Engineering, Archaeology, Forestry and Agriculture, Mining Industry, Transportation)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Trimble Inc. (US), Leica Geosystems AG (Switzerland), Teledyne Optech (Canada), FARO (US), SICK AG (Germany), NV5 Global, Inc. (US), SureStar (China), Velodyne Lidar, Inc. (US), YELLOWSCAN (France), GeoKno (India), Phoenix LiDAR Systems (US), LeddarTech Inc. (Canada), Quanergy Systems, Inc. (US), Innoviz Technologies Ltd. (Israel), ZX Lidars (UK), Vaisala (Finland), Waymo LLC (US), Valeo (US), and Ouster, Inc. (US), among others
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Market Opportunities
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Light Detection and Ranging (LiDAR) Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Rise in Construction Industry
The rise in the use of mid-and high-level precision GPS receiver in the construction industry is one of the major factors driving the growth of light detection and ranging (LiDAR) market. The GPS technology is widely being adopted in large-scale construction projects such as megaprojects for civil construction sites.
- Availability of Low-Cost Sensors
The availability of various sensors and systems such as laser scanners, and navigation and positioning systems, among others accelerate the market growth. The on-going technological advancements in the semiconductor industry and intense competition among various manufacturers also drive the market growth.
- Use of Modern Technologies in Agricultural Products
The use of modern technologies such as variable rate technology (VRT), data management software, mapping software, yield mapping software, and GPS in agricultural products further influence the market. These technologies improve land fertility and profitability, maximize productivity, reduce the cost of farming and facilitate sustainable agriculture.
Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the light detection and ranging (LiDAR) market.
Opportunities
Furthermore, increase in the adoption of solid-state, MEMS, flash LiDAR, and other LiDAR technologies extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, Initiatives undertaken by the governments to encourage the use of LiDAR drones for large-scale surveys will further expand the market.
Restraints/Challenges
On the other hand, high cost associated with iDAR services along with limited availability of geospatial data are expected to obstruct market growth. Also, safety threats related to UAVs and autonomous cars, and vailability of low-cost and lightweight photogrammetry systems are projected to challenge the light detection and ranging (LiDAR) market in the forecast period of 2022-2029.
This light detection and ranging (LiDAR) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on light detection and ranging (LiDAR) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Light Detection and Ranging (LiDAR) Market
The COVID-19 had a negative impact on light detection and ranging (LiDAR) market owing to the strict lockdowns and social distancing to contain the spread of the virus. The economic uncertainty, partial shutdown of the business and low consumer confidence impacted demand for light detection and ranging (LiDAR) services. The supply chain got hampered during the pandemic along with delay logistics activities. However, the light detection and ranging (LiDAR) market is expected to regain its pace during the post pandemic scenario due to the easing on the restrictions.
Recent Developments
- Leica Geosystems AG unveiled Leica RTC360 3D laser scanner in February’2021. These scanners require minimal monitoring by the user, and aim at providing increased productivity, flexibility, and scanning efficiency when planning reality capture tasks.
Global Light Detection and Ranging (LiDAR) Market Scope and Market Size
The light detection and ranging (LiDAR) market is segmented on the basis of component, technology, type, installation type, range, service, application and end user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
- Laser Scanners
- Navigation and Positioning Systems
- Global Positioning System (GPS)
- Inertial Measurement Unit (IMU)
- Others
- Camera
- High-Precision Clock
- Other Accessories
Technology
- 2D LiDAR
- 3D LiDAR
- 4D LiDAR
Type
- Mechanical
- Solid-State
Installation Type
- Airborne LiDAR
- Bathymetric LiDAR
- Topographic
- Ground-Based LiDAR
- Mobile LiDAR
Static LiDAR
Range
- Short
- Medium
- Long
Service
- LiDAR Data Processing
- Data Acquisition
- Point Cloud Classification
- 3D Visualization
- Aerial Surveying
- Asset Management
- GIS Service
- Ground-Based Surveying
- Mapping and Modelling
- Others
Application
- Corridor Mapping
- Roadways
- Railways
- Others
- Engineering
- Environment
- Forest Management
- Coastline Management
- Pollution Modeling
- Agriculture
- Wind Farm and Precision Forestry
- ADAS and Driverless Cars
- Exploration
- Oil and Gas
- Mining
- Urban Planning
- Cartography
- Meteorology
End User
- Defense and Aerospace
- Civil Engineering
- Archaeology
- Forestry and Agriculture
- Mining Industry
- Transportation
Light Detection and Ranging (LiDAR) Market Regional Analysis/Insights
The light detection and ranging (LiDAR) market is analyzed and market size insights and trends are provided by country, component, technology, type, installation type, range, service, application and end user.
The countries covered in the light detection and ranging (LiDAR) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the light detection and ranging (LiDAR) market due to the high adoption of administrative regulations and various mandates on the installation of automotive safety technologies in both lightweight and heavyweight vehicles.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 because of the rise in investment by the domestic and overseas players in countries such as China and India in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Light Detection and Ranging (LiDAR) Market
The light detection and ranging (LiDAR) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to light detection and ranging (LiDAR) market.
Some of the major players operating in the light detection and ranging (LiDAR) market are
- Trimble Inc. (US)
- Leica Geosystems AG (Switzerland)
- Teledyne Optech (Canada)
- FARO (US)
- SICK AG (Germany)
- NV5 Global, Inc. (US)
- SureStar (China)
- Velodyne Lidar, Inc. (US)
- YELLOWSCAN (France)
- GeoKno (India)
- Phoenix LiDAR Systems (US)
- LeddarTech Inc. (Canada)
- Quanergy Systems, Inc. (US)
- Innoviz Technologies Ltd. (Israel)
- ZX Lidars (UK)
- Vaisala (Finland)
- Waymo LLC (US)
- Valeo (US)
- Ouster, Inc. (US)
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