"LiDAR Market Surging with Demand for Autonomous Vehicles & Smart Cities"

LiDAR Overview

The size of the LiDAR market was estimated at USD 1.82 billion in 2023, and it is anticipated that overall LiDAR revenue will increase at a compound annual growth rate (CAGR) of 19.74% between 2024 and 2030, reaching almost USD 6.42 billion.


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LiDAR Scope and Methodology:

The report describes the competitive landscape, identifies key competitors and their market positions, and provides an in-depth overview of the Server industry. It also covers new product developments and technological trends in the market. Detailed data on revenue, sales volume, and average prices are provided for the entire LiDAR and its sub-segments benefiting companies, new entrants, and industry-related companies in the LiDAR. LiDAR analysis identifies current market trends that affect growth and potential.

The report includes both qualitative and quantitative research, with a focus on data interpretation, pattern recognition, and deep understanding. Market segments and sectors are studied using a hierarchical approach that examines the strategies of Server industry-leading companies. The report also includes information on import/export activities, market dynamics, values, costs, revenue and gross margins.

LiDAR Regional Insights

In a regional analysis, the LiDAR is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. Regions are categorized into countries such as the United States, Canada, Mexico, United Kingdom, Germany, France, Spain, Italy, Rest of Europe, China, India, Japan, Australia and South Korea.

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LiDAR Segmentation

by Component

GPS
Navigation (IMU)
Laser Scanners
Mobile & UAV

The LiDAR market is divided into four segments: mobile and unmanned aerial vehicles (UAVs), laser scanners, GPS, and navigation (IMU). In order to provide a return signal strength that can help distinguish objects with varying reflectivities, laser scanners record an intensity value. A 2D point cloud created by LiDAR data from a laser scanner can be utilized for object and environment modeling, mapping, and localization. The market for laser scanners is anticipated to increase significantly throughout the projected period, with a compound annual growth rate (CAGR) of 15.2%. Over the course of the projection period, the LiDAR market is predicted to develop significantly as a result of lower laser technology costs that will allow 3D scanning to find new applications.

by Type

Mechanical LiDAR
Solid-State LiDAR

by Installation

Airborne
Ground-Based

The market for LiDAR is divided into two segments: airborne and ground-based. The market is anticipated to develop at a compound annual growth rate (CAGR) of over the projected years as more aerial mapping equipment is employed, with the airborne segment accounting for the biggest share of the market. Photogrammetry is supplanted by aerial LiDAR as a precise and comprehensive method for creating digital elevation models. This technology offers a larger coverage area and better accuracy than its terrestrial counterparts. It makes it possible to map an area in greater detail in less time. On the ground, LiDAR systems can be either mobile or stationary. They are installed on moving platforms like SUVs or all-terrain vehicles (ATVs) with the aid of a tripod and balancing assembly.

by End-User

Defense and Aerospace
Civil Engineering
Archaeology
Forestry and Agriculture
Mining Industry
Transportation

LiDAR Key Players

LiDAR Manufacturers in North America
1. Leica Geosystems Holdings AG (Switzerland)
2. Teledyne Optech Inc. (Canada)
3. Quantum Spatial, Inc. (United States)
4. Faro Technologies, Inc. (United States)
5. Velodyne LiDAR, Inc. (United States)
6. Trimble, Inc. (United States)
7. RIEGL USA (United States)
8. Optech Inc. (Canada)
9. Geodigital (Canada)
10. Topcon Positioning Systems Inc. (United States)
11. Waymo LLC (United States)
12. Lumibird Canada (Canada)
13. Ouster, Inc. (United States)
14. LeddarTech Inc. (Canada)
15. Trimble, Inc. (US)
LiDAR Manufacturers in Europe:
16. YellowScan (France,)
17.Sick AG(Germany)
18. HEXAGON (Sweden)
19. Phoenix LiDAR Systems (Germany)
20. Valeo (France)
21. ZX Lidars (United Kingdom)
22. Vaisala (Finland)
LiDAR Manufacturers in Asia-Pacific:
23. Beijing Surestar Technology (China)
24. Denso (Japan)

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Key questions answered in the LiDAR are:

What is Server?
What was the LiDAR size in 2023?
What is the growth rate of the LiDAR?
Which is the fastest-growing region in the LiDAR?
Which are the factors expected to drive the LiDAR growth?
What is the CAGR at which the LiDAR will grow during the forecast period?
What growth strategies are the players considering to increase their presence in Server?
What are the upcoming opportunities and trends for the LiDAR?
What are the different segments of the LiDAR?
What are the recent industry trends that can be implemented to generate additional revenue streams for the LiDAR?
What segments are covered in the LiDAR?
Who are the key players in the LiDAR?
Who are the leading companies and what are their portfolios in LiDAR?
Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by Different Segment | 2024−2030
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations
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