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
LiDAR is a remote sensing method that uses laser pulses to measure variable distances to the Earth, creating precise, three-dimensional information about the shape and surface characteristics of objects. It is widely used in applications such as topography, mapping, and autonomous vehicles. LiDAR systems offer high accuracy and resolution, capable of capturing detailed 3D spatial data in various environmental conditions.
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Market Forecast and Key Dynamics:
The LiDAR Market is heavily influenced by advancements in autonomous vehicles. The increasing development and acceptance of self-driving cars depend on LiDAR technology for exact mapping and navigation. This trend boosts the demand for LiDAR technology, resulting in improved overall revenue and sales within the industry. The LiDAR industry gains from its more frequent use in mapping and surveying. Its accuracy in topographical mapping and surveying helps it to be used widely in construction, forestry, as well as for monitoring environments which increases the number of units sold and enhances the cost-profit ratio.
LiDAR Market Regional Insights
The North American region dominated the LiDAR Market in the year 2023. Several big names are located in North America, especially the United States. Businesses like Ouster, Inc., Luminar Technologies, and Quanergy Systems lead the LiDAR Industry; they push forward progress as well as new ideas. Car manufacturing companies and the strong development of self-driving vehicles in North America are boosting the use and combination of LiDAR systems. The attention on advanced driver-assistance systems (ADAS) and self-driving cars has increased demand for LiDAR technology, which is improving the cost of production, cost of manufacturing as well as cost of services.
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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