The LiDAR Market size was valued at USD 1.89 Billion in 2023 and the total Global LiDAR revenue is expected to grow at a CAGR of 18.7% from 2024 to 2030, reaching nearly USD 6.28 Billion by 2030.
LiDAR Market Overview
The LiDAR (Light Detection and Ranging) market is witnessing significant growth, driven by increasing demand for advanced mapping technologies in sectors like automotive, environmental monitoring, and urban planning. This laser-based technology offers high-precision, real-time data for 3D mapping and object detection, making it crucial in applications such as autonomous vehicles, smart cities, and agriculture.
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Market Forecast and Key Dynamics:
The global LiDAR market is projected to grow rapidly, with advancements in sensor technology and integration in emerging fields such as robotics and drone systems. Factors like reduced costs, improved accuracy, and enhanced data-processing capabilities are accelerating adoption across industries.
LiDAR Market Regional Insights
North America leads the market due to high adoption in autonomous vehicles and mapping projects, followed by Europe, driven by smart city initiatives. The Asia Pacific region is growing rapidly, with investments in infrastructure development and automation technology.
LiDAR Market Segmentation
By Installation Type
Airborne
Mobile & UAV
Terrestrial
By Component
GPS
Navigation (IMU)
Laser Scanners
Others
By Application
Corridor Mapping
Engineering
Environment
Exploration
Advanced Driver Assistance Systems (ADAS)
Others
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LiDAR Market Key Players
Ouster, Inc.
Trimble, Inc.
Quanergy
Luminar Technologies
RIEGL USA
Geodigital
Topcon Positioning Systems Inc.
Waymo LLC
Leica Geosystems Holdings AG
Teledyne Optech Inc.
Quantum Spatial, Inc.
Faro Technologies, Inc.
Lumibird Canada
LeddarTech Inc.
Trimble, Inc.
YellowScan
Sick AG
HEXAGON
Phoenix LiDAR Systems
Valeo
ZX Lidars
Vaisala
Denso
Key questions answered in the LiDAR Market are:
- What is LiDAR?
- What was the LiDAR market size in 2021?
- What is the growth rate of the LiDAR Market?
- Which are the factors expected to drive the LiDAR market growth?
- What are the different segments of the LiDAR Market?
- What growth strategies are the players considering to increase their presence in LiDAR?
- What are the upcoming industry applications and trends for the LiDAR Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the LiDAR Market?
- What segments are covered in the LiDAR Market?
- Who are the leading companies and what are their portfolios in LiDAR Market?
- What segments are covered in the LiDAR Market?
- Who are the key players in the LiDAR market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by Different Segment | 2022-2027
- 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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