Global 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), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The LiDAR market is estimated to reach a value of USD 14,810.94 million by 2028 and is expected to grow at a compound annual growth rate of 25.00% in the forecast period of 2021 to 2028. Data Bridge Market Research report on LiDAR provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
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.
The high adoption of LiDAR systems in UAVs is expected to influence the growth of LiDAR market over the forecast period of 2021 to 2028. Likewise the increase in adoption of LiDAR in engineering and construction applications and emergence of 4D LiDAR are also expected to flourish the growth of the LiDAR market. Also the easy regulations related to the use of commercial drones in different applications and rise use of LiDAR in geographical information system (GIS) applications are also anticipated to positively impact the growth of the market. In addition, the high investment in LiDAR startups by automotive giants is also projected to act as an active growth drivers towards the growth of the LiDAR market.
However, the easy availability of low-cost and lightweight photogrammetric systems along with various safety threats related to UAVs and autonomous cars are expected to act as the major restrictions for the growth of LiDAR in the above mentioned forecasted period, whereas the high cost of LiDAR services and inadequate availability of geospatial data can challenge the LiDAR market growth in the forecast period of 2021 to 2028.
Likewise, the rapid technological shifts with the adoption of solid-state, MEMS, flash LiDAR, and other LiDAR technologies and high development of better geospatial solutions using sensor fusion are expected to cater ample new opportunities that will lead to the growth of the LiDAR market in the above mentioned forecasted period.
This 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 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.
Global LiDAR Market Scope and Market Size
The LiDAR market is segmented on the basis of component, technology, type, installation type, range, service, application and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on component, the LiDAR market is segmented into laser scanners, navigation and positioning systems and others. Navigation and positioning systems have further been segmented into Global Positioning System (GPS) and inertial measurement unit (IMU). Others have further been segmented into camera, high-precision clock and other accessories.
- On the basis of technology, the LiDAR market is segmented into 2D LiDAR, 3D LiDAR and 4D LiDAR.
- On the basis of type, the LiDAR market is segmented into mechanical and solid-state.
- Based on installation type, the LiDAR market is segmented into airborne LiDAR and ground-based LiDAR. Airborne LiDAR has further been segmented into bathymetric LiDAR and topographic. Ground-based LiDAR has further been segmented into mobile LiDAR and static LiDAR.
- The range segment of the LiDAR market is segmented into short, medium and long.
- On the basis of service, the LiDAR market is segmented into LiDAR data processing, aerial surveying, asset management, GIS service, ground-based surveying, mapping and modelling and others. LiDAR data processing has further been segmented into data acquisition, point cloud classification and 3D visualization.
- Based on application, the LiDAR market is segmented into corridor mapping, engineering, environment, ADAS and driverless cars, exploration, urban planning, cartography and meteorology. Corridor mapping has further been segmented into roadways, railways and others. Environment has further been segmented into forest management, coastline management, pollution modeling, agriculture, wind farm and precision forestry. Exploration has further been segmented into oil and gas and mining.
- On the basis of end user, the LiDAR market is segmented into defense and aerospace, civil engineering, archaeology, forestry and agriculture, mining industry and transportation.
LiDAR Market Country Level Analysis
The LiDAR market is analyzed and market size, volume information is provided by country, component, technology, type, installation type, range, service, application and end user as referenced above.
The countries covered in the LiDAR market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, 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).
North America leads the 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 expand at a significant growth rate over the forecast period of 2021 to 2028 because of the rise in investment by the domestic and overseas players in countries such as China and India.
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 LiDAR Market Share Analysis
The 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, regional presence, 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 LiDAR market.
The major players covered in the LiDAR market report are Trimble Inc., Leica Geosystems AG, Teledyne Optech, FARO, SICK AG, Quantum Spatial, SureStar, Velodyne Lidar, Inc., YELLOWSCAN, GeoKno, Phoenix LiDAR Systems, LeddarTech Inc., Quanergy Systems, Inc., Innoviz Technologies Ltd., ZX Lidars, Vaisala, Waymo LLC, Valeo, Lumibird Canada, and Ouster, Inc., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global LiDAR Market
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