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 2030.
Light Detection and Ranging (LiDAR) 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.
Data Bridge Market Research analyses that the global light detection and ranging (LiDAR) market which was USD 1.75 billion in 2022, is expected to reach USD 10.66 billion by 2030, and is expected to undergo a CAGR of 25.3% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Light Detection and Ranging (LiDAR) Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable Years 2015-2020)
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Quantitative Units
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Revenue in USD Billion, 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, 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, and Rest of Middle East and Africa
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Market Players Covered
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Trimble Inc. (U.S.), Leica Geosystems AG (Switzerland), Teledyne Optech (Canada), FARO (U.S.), SICK AG (Germany), NV5 Global, Inc. (U.S.), SureStar (China), Velodyne Lidar, Inc. (U.S.), YELLOWSCAN (France), GeoKno (India), Phoenix LiDAR Systems (U.S.), LeddarTech Inc. (Canada), Quanergy Systems, Inc. (U.S.), Innoviz Technologies Ltd. (Israel), ZX Lidars (U.K.), Vaisala (Finland), Waymo LLC (U.S.), Valeo (U.S.), and Ouster, Inc. (U.S.)
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Market Opportunities
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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.
Global Light Detection and Ranging (LiDAR) Market Dynamics
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 global 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.
Opportunities
- Technological Advancements in Cleaning Industry
Recent advances in LiDAR technology have improved its precision, speed, and all-around performance by using cutting-edge techniques and technologies. The precision, resolution, and detection range of the sensor have all been significantly improved by solid-state LiDAR, a key advancement in the field.
Restraint/Challenge
- Difficulties in Bad Weather Conditions
LiDAR is unable to function properly in adverse weather conditions such heavy rain, snow, and fog, although radar continues to function in these circumstances. This is due to LiDAR employs visible lasers to estimate distance. Inclement weather practically renders LiDAR blind. Due to the need to drive in such poor weather circumstances, autonomous vehicles using LiDAR still utilize radar, which raises the price of autonomous vehicles.
This global 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 the global 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.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In June 2023, Leica Geosystems, part of Hexagon, introduces the Leica CountryMapper, extending the hybrid sensor portfolio with the most efficient solution for large-area imaging and LiDAR mapping. Combining a large-format photogrammetric camera with a high-performance LiDAR unit into a single system, the CountryMapper collects foundational geospatial data simultaneously, enabling the generation of highly accurate data products to support a wide variety of customer applications
Global Light Detection and Ranging (LiDAR) Market Scope
The global 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
Global Light Detection and Ranging (LiDAR) Market Regional Analysis/Insights
The global 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 as referenced above.
The countries covered in the global light detection and ranging (LiDAR) market report are U.S., Canada and Mexico, 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 global 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 in the global light detection and ranging (LiDAR) market during the forecast period of 2023 to 2030 due to 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 impact the current and future trends of the market. Data points like downstream 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 the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Light detection and Ranging (LiDAR) Market Share Analysis
The global 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, and application dominance. The above data points provided are only related to the companies' focus related to global light detection and ranging (LiDAR) market.
Some of the major players operating in the global light detection and ranging (LiDAR) market are:
- Trimble Inc. (U.S.)
- Leica Geosystems AG (Switzerland)
- Teledyne Optech (Canada)
- FARO (U.S.)
- SICK AG (Germany)
- NV5 Global, Inc. (U.S.)
- SureStar (China)
- Velodyne Lidar, Inc. (U.S.)
- YELLOWSCAN (France)
- GeoKno (India)
- Phoenix LiDAR Systems (U.S.)
- LeddarTech Inc. (Canada)
- Quanergy Systems, Inc. (U.S.)
- Innoviz Technologies Ltd. (Israel)
- ZX Lidars (U.K.)
- Vaisala (Finland)
- Waymo LLC (U.S.)
- Valeo (U.S.)
- Ouster, Inc. (U.S.)
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