Global Light Detection and Ranging (LiDAR) Market, By Component (Laser Scanners, Navigation and Positioning Systems, and Others), Technology (2D LiDAR, 3D LiDAR, and 4D LiDAR), Type (Mechanical, and Solid-State), Installation Type (Airborne LiDAR and Ground-Based LiDAR), Range (Short (<200m), Medium (200-500m), and Long (>5500m)), Service (LiDAR Data Processing, Aerial Surveying, Asset Management, GIS Service, Ground-Based Surveying, Mapping and Modelling, and Others), Application (Corridor Mapping, Engineering, Environment, ADAS and Driverless Cars, Exploration, Urban Planning, Cartography, and Meteorology), End User (Defense and Aerospace, Civil Engineering, Archaeology, Forestry and Agriculture, Mining Industry, and Transportation) – Industry Trends and Forecast to 2031.
Light Detection and Ranging (LiDAR) Market Analysis and Size
The light detection and ranging (LiDAR) market is experiencing significant advancements, new launches, and growth. Recent developments include the introduction of solid-state LiDAR, which offers improved precision, speed, and performance at lower costs. The increasing demand for autonomous vehicles and ADAS systems is a major driver, with companies such as Tesla, Volkswagen, and Waymo heavily investing in LiDAR technology.
The global light detection and ranging (LiDAR) market size was valued at USD 2.19 million in 2023 and is projected to reach USD 13.32 million by 2031, with a CAGR of 25.3% during the forecast period 2024 to 2031. 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.
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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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016 - 2021)
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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, and Others), Technology (2D LiDAR, 3D LiDAR, and 4D LiDAR), Type (Mechanical, and Solid-State), Installation Type (Airborne LiDAR and Ground-Based LiDAR), Range (Short (<200m), Medium (200-500m), and Long (>5500m)), Service (LiDAR Data Processing, Aerial Surveying, Asset Management, GIS Service, Ground-Based Surveying, Mapping and Modelling, and Others), Application (Corridor Mapping, Engineering, Environment, ADAS and Driverless Cars, Exploration, Urban Planning, Cartography, and Meteorology), End User (Defense and Aerospace, Civil Engineering, Archaeology, Forestry and Agriculture, Mining Industry, and 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. (U.S.), Leica Geosystems AG (Switzerland), Teledyne Geospatial (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 Solutions, 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
Light detection and ranging (LiDAR) is an active remote sensing technology that uses laser light to measure distances and create detailed 3D maps of objects, terrain, and atmospheric conditions. It works by emitting laser pulses and measuring the time it takes for the reflected light to return to the sensor, allowing it to calculate distances.
Light Detection and Ranging (LiDAR) Market Dynamics
Drivers
- Rise in Construction Industry
The increasing adoption of mid-and high-level precision GPS receivers in large-scale construction projects, such as megaprojects, is a major driver for the growth of the global LiDAR market. For instance, the construction of the Burj Khalifa in Dubai, the world's tallest building, utilized advanced GPS technology and LiDAR scanning to ensure precise measurements and accurate 3D modeling during the planning and execution phases
- Rising Demand for Unmanned Aerial Vehicles (UAVs) or Drones
The rising demand for unmanned aerial vehicles (UAVs) or drones is driven by their diverse applications in sectors such as photography, construction, and threat identification. For instance, in construction, drones are used for site inspections, surveying, and monitoring progress, enhancing efficiency and reducing costs. Similarly, in photography, drones equipped with high-resolution cameras capture stunning aerial shots for films, commercials, and real estate marketing.
Opportunities
- Technological Advancements in Cleaning Industry
Recent advancements in solid-state LiDAR technology have significantly improved the precision, speed, and performance of LiDAR systems, driving growth in the LiDAR market. Solid-state LiDAR, which uses semiconductor chips instead of mechanical parts, offers lower cost, higher reliability, and smaller size compared to traditional LiDAR. These improvements enable mass market adoption, particularly in automotive applications where LiDAR is a key component for advanced driver assistance systems (ADAS) and autonomous vehicles.
- Increasing Demand for Autonomous Vehicles
The increasing demand for autonomous vehicles and Advanced Driver Assistance Systems (ADAS) drives the demand for LiDAR sensors, which are crucial components in these systems. For instance, Tesla, Volkswagen, Ford, General Motors, and Waymo are releasing fully autonomous versions of their vehicles, which rely heavily on LiDAR technology for navigation and safety. This growing adoption of autonomous vehicles and ADAS systems fuels the growth of the LiDAR market
Restraints/Challenges
- Difficulties in Bad Weather Conditions
LiDAR's inability to function properly in adverse weather conditions such as heavy rain, snow, and fog hinders its market growth. The technology relies on visible lasers to estimate distance, which are severely impacted by these conditions, making it difficult for LiDAR to accurately detect and measure distances. This limitation significantly affects its performance and reliability in various applications.
- Cybersecurity Risks
Cybersecurity risks are a significant challenge in the LiDAR market, particularly in applications where data security is paramount. This poses a threat to the integrity of LiDAR data, potentially compromising safety and security. As a result, the market growth is hindered by the need for robust cybersecurity measures to protect LiDAR systems from cyber-attacks and data breaches
This 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 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 Developments
- In June 2023, Leica Geosystems launched the Leica CountryMapper, a hybrid sensor portfolio extension for large-area imaging and LiDAR mapping. This system combines a large-format photogrammetric camera with a high-performance LiDAR unit, enabling the generation of highly accurate data products for various customer applications
- In December 2022, FARO Technologies acquired SiteScape, a LiDAR 3D scanning software innovator for the AEC and O&M markets. This acquisition enables LiDAR-equipped mobile devices to easily capture indoor spaces digitally, providing a broad entry point for scanning physical spaces
- In November 2021, Leica Geosystems partners with Airbus to integrate two Leica Chiroptera 4X bathymetric LiDAR sensors into the C295 MSA, Airbus’ Maritime Surveillance Aircraft. This integration enables near real-time detection of underwater objects
- In April 2020, RIEGL launches the RIEGL VMX-RAIL mobile LiDAR Mapping System, designed with a triple scanner configuration for integration on a railcar for track mapping and clearance surveying
Light Detection and Ranging (LiDAR) Market Scope
The 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 meagre 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
- Others
Technology
- 2D LiDAR
- 3D LiDAR
- 4D LiDAR
Type
- Mechanical
- Solid-State
Installation Type
- Airborne LiDAR
- Ground-Based LiDAR
Range
- Short (<200m)
- Medium (200-500m)
- Long (>5500m)
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
Light Detection and Ranging (LiDAR) Market Regional Analysis/Insights
The market is analysed and market size insights and trends are provided by component, technology, type, installation type, range, service, application and end user as referenced above.
The countries covered in the 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, 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.
North America is expected to dominate 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. The U.S. and Canada are the two most important countries in this region for airborne LiDAR.
Asia-Pacific is expected to witness significant growth in the global light detection and ranging (LiDAR) market during the forecast period due to the rise in investment by domestic and overseas players in countries such as China and India. The increasing adoption of LiDAR technology in various industries, rising LiDAR technology companies, including civil engineering, forestry, and defense, is also driving market growth 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 such as 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 Share Analysis
The 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 market.
Some of the major players operating in the market are:
- Trimble Inc. (U.S.)
- Leica Geosystems AG (Switzerland)
- Teledyne Geospatial (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 Solutions, 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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