Asia Pacific LiDAR Market Overview
Asia Pacific LiDAR Market size was valued at USD 873.6 Mn. in 2023 and the total Asia Pacific LiDAR revenue is expected to grow at a CAGR of 13.15% from 2024 to 2030, reaching nearly USD 2074.41 Mn. by 2030.
LiDAR (Light Detection and Ranging) technology uses laser beams to measure distances and detect the characteristics of objects, including their position and speed. In 2023, the Asia Pacific LiDAR market saw significant growth driven by heightened demand across multiple sectors such as automotive, infrastructure, and environmental monitoring. The growth was further fueled by investments in smart city initiatives, advancements in autonomous vehicle technology, and the increasing adoption of LiDAR for mapping and surveying purposes.
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Key Market Drivers:
Government Investments:
China: Expected to invest USD 30 billion in smart city projects by 2025.
Technological Advancements: Enhanced range and resolution of LiDAR systems with a notable decrease in UAV costs (prices dropped by approximately 40% over the past five years).
Rising Adoption of UAV LiDAR Systems:
Agriculture: Optimization of irrigation and fertilization, potentially increasing crop yields by up to 20%.
Forestry Management: Efficient forest inventory, biomass estimation, and canopy structure analysis.
Mining: Enhanced mapping for resource estimation and operational planning.
Urban Planning: Accurate infrastructure mapping and monitoring.
Recent Investments:
Hesai Technology: Secured USD 190 million in Series C funding in 2022 for automotive LiDAR R&D and production expansion.
Robosense: Raised USD 100 million in Series C round in early 2023 for developing advanced sensors for autonomous vehicles.
Topcon Corporation: Invested USD 50 million in 2022 for developing next-gen LiDAR systems.
Panasonic: Announced a USD 40 million investment in 2023 to enhance automotive and industrial sensor systems.
Hanwha Aerospace: Invested USD 60 million in 2022 for advancing high-resolution LiDAR sensors.
LG Electronics: Made a USD 30 million strategic investment in a South Korean LiDAR startup in 2023.
MapmyIndia: Partnered with international investors in 2022 to boost LiDAR mapping capabilities.
Import-Export Analysis:
Exports to India: 41 shipments from 14 global exporters (China: 43, Vietnam: 6, Hong Kong: 1).
Imports by India: 31 shipments from 13 importers, primarily from China.
Regional Analysis:
China: Leading the market with extensive infrastructure development and technological innovations. The country is a major player in automotive LiDAR and has been actively promoting intelligent connected vehicles.
Japan: Known for its advanced automotive industry and focus on infrastructure development, contributing significantly to the regional LiDAR market.
India: A major importer of LiDAR equipment, indicating strong domestic demand for the technology.
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Asia Pacific LiDAR Market Segmentation
By Type:
Terrestrial LiDAR: Dominant in generating detailed 3D images for land mapping and coastal analysis.
Aerial LiDAR: Used for large-scale topographic surveys and forestry management.
Mobile LiDAR: Applied in roadway mapping and urban infrastructure analysis.
Short-Range LiDAR: Utilized in industrial automation and robotics.
By Component:
Lasers
Inertial Navigation Systems
Cameras
GPS/GNSS Receivers
Microelectromechanical Systems (MEMS)
By Application:
Corridor Mapping
Seismology
Exploration and Detection
Others
By End-User:
Archaeology
Mining
Transportation
Defense & Aerospace
Forestry & Agriculture
Asia Pacific LiDAR Market Key Players
Leica Geosystems Inc. (Hexagon)
3D Laser Mapping Inc.
Quanergy Systems, Inc.
Aerometric Inc.
Raymetrics S.A.
Faro Technologies Inc.
Optech Inc. (Teledyne Technologies)
RIEGL Laser Measurement Systems GmbH
Airborne Hydrography AB
Saab Group
Conclusion:
To drive growth and innovation in the Asia Pacific LiDAR market, companies should focus on investing in technological advancements, expanding applications beyond traditional uses, enhancing integration with AI and IoT, and strengthening regional collaborations. Addressing regulatory standards and increasing customer education will also contribute to wider market penetration and sustained development.
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Key questions answered in the Asia Pacific LiDAR Market are:
- What is Asia Pacific LiDAR?
- What was the Asia Pacific LiDAR market size in 2023?
- What is the growth rate of the Asia Pacific LiDAR Market?
- Which are the factors expected to drive the Asia Pacific LiDAR market growth?
- What are the different segments of the Asia Pacific LiDAR Market?
- What growth strategies are the players considering to increase their presence in Asia Pacific LiDAR?
- What are the upcoming industry applications and trends for the Asia Pacific LiDAR Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Asia Pacific LiDAR Market?
- What segments are covered in the Asia Pacific LiDAR Market?
- Who are the leading companies and what are their portfolios in Asia Pacific LiDAR Market?
- What segments are covered in the Asia Pacific LiDAR Market?
- Who are the key players in the Asia Pacific LiDAR market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2023)
- Past Pricing and price curve by region (2018 to 2023)
- 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
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