LiDAR Market
Global LiDAR Market Size, Share & Trends Analysis Report by Technology (2D LiDAR System and 3D LiDAR), and by Application (Surveying & Modelling, Safety & Security, Robotics, Industrial Applicants, Education & Research, and Gaming & AR) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
The global LiDAR market is anticipated to grow at a significant CAGR of 15% during the forecast period. LIDAR (Light Detection and Ranging) is a remote sensing method that is used to measure the distance of an object on the earth’s surface. The data present in LiDAR can be converted into 3D maps for representation, and it makes the environment interpretation easy. More accuracy than other technologies, a wide range of applications and higher data density are likely to act as driving forces for the global LiDAR market growth.
Impact of COVID-19 Pandemic on Global LiDAR Market
The impact of the covid-19 pandemic has fallen on almost all sectors of development including retail which plays a major role in the day to day life. The measures are taken to control the spread of the virus across society lead to a decline in economic growth, and restrictions on people’s mobility. The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown rules and regulations by governments across several nations resulting in disruptions in import and export activities of LiDAR Sensors.
Segmental Outlook
The global LiDAR market is segmented based on technology and application. Based on the technology, the market is bifurcated into 2D LiDAR systems and 3D liDAR systems. Based on the application, the market is augmented into surveying & modeling, safety & security, robotics, industrial applicants, education & research, and gaming & AR. The above-mentioned segments can be customized as per the requirements. Among application segments, safety & security are expected to provide lucrative growth to the market, Lidar-based security solutions increase effective threat response while reducing false readings that frequently hamper other technologies. In security applications, lidar data can also support privacy protection while improving system implementation and performance efficiency.
Global LIDAR Market Share by Technology, 2021 (%)
The 3D LiDAR System Segment is Expected to Hold a Significant Share in the Global LIDAR Market
The 3D LiDAR segment is expected to hold a significant share in the market over the forecast period. The technology uses eye-safe laser beams to create a 3D representation of the surveyed environment. It offers incredibly accurate, consistent results. For instance, in November 2021, Valeo, the maker of advanced driving assistance systems or ADAS, revealed its third-generation LiDAR, or Light Detection and Ranging system, to improve vehicle autonomous technology. The new system can deliver unrivaled performance in terms of range, resolution, and frame rate. It reconstructs a 3D real-time image of the vehicle's surroundings at a rate of 4.5 million pixels and 25 frames per second.
Regional Outlooks
The global LiDAR market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. The Asia-Pacific region is expected to be the fastest-growing region due to rising technological advancement in the region.
Global LIDAR Market Growth, by Region 2022-2028
The North American Region is Expected to hold the Considerable Share in the Global LIDAR Market
Among all regions, the North American region is expected to hold a considerable share in the market and is expected to maintain its dominance during the forecast period. The presence of well-established infrastructure and the center of technologically advanced firms such as Silicon Valley contribute to the regional growth of the market.
Market Players Outlook
The major companies serving the global LiDAR market include GeoSLAM Ltd., Hydro International, Ibeo Automotive Systems GmbH, LeddarTech Inc., Leica Geosystems AG, Lumentum Holdings Inc., Lumibird, Q-PLUS Labs, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in January 2022, Innoviz launched a new 360-degree LiDAR sensor. The first generation of automotive lidar sensors such as those developed by Velodyne were all rotating devices. They used a vertical array of laser emitters with a parallel array of photodetectors to capture the reflected photons. The whole system was mounted on a turntable that spins as the vehicle moves down the road. Each row of pulses in the point cloud that was generated came from an individual laser.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global LiDAR market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1.Report Summary
?Current Industry Analysis and Growth Potential Outlook
?Impact of COVID-19 on the Global LiDAR Market
?Recovery Scenario of Global LiDAR Market
1.1.Research Methods and Tools
1.2.Market Breakdown
1.2.1.By Segments
1.2.2.By Region
2.Market Overview and Insights
2.1.Scope of the Report
2.2.Analyst Insight & Current Market Trends
2.2.1.Key Findings
2.2.2.Recommendations
2.2.3.Conclusion
3.Competitive Landscape
3.1.Key Company Analysis
3.1.1.Overview
3.1.2.Financial Analysis
3.1.3.SWOT Analysis
3.1.4.Recent Developments
3.2.Key Strategy Analysis
3.3.Impact of COVID-19 on Key Players
4.Market Segmentation
4.1.Global LiDAR Market by Technology
4.1.1.2D LiDAR System
4.1.2.3D LiDAR System
4.2.Global LiDAR Market by Application
4.2.1.Surveying & Modelling
4.2.2.Safety & Security
4.2.3.Robotics
4.2.4.Industrial Applications
4.2.5.Education & Research
4.2.6.Gaming & Augmented Reality (AR)
5.Regional Analysis
5.1.North America
5.1.1.United States
5.1.2.Canada
5.2.Europe
5.2.1.UK
5.2.2.Germany
5.2.3.Italy
5.2.4.Spain
5.2.5.France
5.2.6.Rest of Europe
5.3.Asia-Pacific
5.3.1.China
5.3.2.India
5.3.3.Japan
5.3.4.South Korea
5.3.5.Rest of Asia-Pacific
5.4.Rest of the World
6.Company Profiles
6.1.AutonomouStuff, LLC
6.2.Faro Technologies Inc.
6.3.Firmatek LLC
6.4.Geokno (GMR Infrastructure Ltd.)
6.5.GeoSLAM Ltd.
6.6.Hydro International
6.7.Ibeo Automotive Systems GmbH
6.8.LeddarTech Inc.
6.9.Leica Geosystems AG
6.10.Lumentum Holdings Inc.
6.11.Lumibird
6.12.Mira Solutions Inc.
6.13.Ouster, Inc.
6.14.Quanergy Systems, Inc
6.15.Q-PLUS Labs
6.16.RIEGL USA
6.17.Sick AG
6.18.Teledyne Optech
6.19.Trimble Inc.
6.20.Velodyne Lidar, Inc.
6.21.YellowScan
1. GLOBAL LIDAR MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2020-2027 ($ MILLION)
2. GLOBAL GROUND-BASED LIDAR MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL AIRBORNE LIDAR MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL SPACEBORNE LIDAR MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
5. GLOBAL LIDAR MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
6. GLOBAL LIDAR FOR SURVEYING & MODELLING MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
7. GLOBAL LIDAR FOR CORRIDOR MAPPING MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
8. GLOBAL LIDAR FOR EXPLORATION & DETECTION MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
9. GLOBAL LIDAR FOR ADAS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
10. GLOBAL LIDAR FOR OTHER APPLICATION MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
11. NORTH AMERICAN LIDAR MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
12. NORTH AMERICAN LIDAR MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2020-2027 ($ MILLION)
13. NORTH AMERICAN LIDAR MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
14. EUROPEAN LIDAR MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
15. EUROPEAN LIDAR MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2020-2027 ($ MILLION)
16. EUROPEAN LIDAR MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
17. ASIA-PACIFIC LIDAR MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
18. ASIA-PACIFIC LIDAR MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2020-2027 ($ MILLION)
19. ASIA-PACIFIC LIDAR MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
20. REST OF THE WORLD LIDAR MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2020-2027 ($ MILLION)
21. REST OF THE WORLD LIDAR MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
1.GLOBAL LIDAR MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
2.GLOBAL 2D LIDAR SYSTEM MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3.GLOBAL 3D LIDAR SYSTEM MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4.GLOBAL LIDAR MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
5.GLOBAL LIDAR FOR SURVEYING AND MODELLING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6.GLOBAL LIDAR FOR SAFETY AND SECURITY MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7.GLOBAL LIDAR FOR ROBOTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8.GLOBAL LIDAR FOR INDUSTRIAL APPLICATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9.GLOBAL LIDAR FOR EDUCATION AND RESEARCH MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10.GLOBAL LIDAR FOR GAMING AND AR MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11.GLOBAL LIDAR MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
12.NORTH AMERICAN LIDAR MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
13.NORTH AMERICAN LIDAR MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
14.NORTH AMERICAN LIDAR MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
15.EUROPEAN LIDAR MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
16.EUROPEAN LIDAR MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
17.EUROPEAN LIDAR MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
18.ASIA-PACIFIC LIDAR MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
19.ASIA-PACIFIC LIDAR MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
20.ASIA-PACIFIC LIDAR MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
21.REST OF THE WORLD LIDAR MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
22.REST OF THE WORLD LIDAR MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
23.REST OF THE WORLD LIDAR MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
