Press Releases

The global LiDAR market will grow at a 22% CAGR during the forecast period. According to the American Geoscience Institute, LiDAR uses a pulsed laser to determine an object's varying distances from the earth's surface. Following the development of GPS, the use of light detection and ranging (LiDAR) for making precise geographical measurements has skyrocketed in prominence. Accurate 3D data is produced using the data gathered by airborne system and light pulses. Factors attributing to the growth of the global LiDAR market include rising adoption in Geographical information systems, engineering, and construction applications, ease in regulations regarding the adoption of commercial drones in several applications will proliferate the LiDAR’s market growth. Applications in the consumer, business, and government sectors are driving up demand for 3D imaging. LiDAR is being used in many government applications, including the planning and monitoring of projects including towns, railroads, and forest management. LiDARs are being considered as a technology for putting the autonomous automobile concept into practice in the consumer market. Due to its precision and speed, LiDAR acts as an effective alternative to other technologies in photogrammetry, fueling the expansion of the global market. Furthermore, the market for light detection and ranging (LiDAR) is positively impacted by rising urbanization, lifestyle changes, an increase in investments, and higher consumer expenditure.

In June 2022, Stellantis has selected Valeo's third-generation LiDAR to assist multiple models across its various automotive brands commencing in 2024. These vehicles will be certified for level 3 automation owing to the Valeo SCALA 3 LiDAR, enabling drivers to safely take their hands off the steering wheel and their eyes off the road.

The COVID-19 outbreak has hampered the growth of the manufactures and end users of LiDAR, worldwide. Owing to lockdowns and restrictions on public transportation, has slowed down the exploration application which includes oil & gas and mining sector. This has impacted the market development of LiDAR industry.

Browse 75 market data Tables and 45 Figures spread through 200 Pages and in-depth TOC on " LiDAR Market by Type (Solid-State and Mechanical), by Component (Navigation and Positioning Systems, Laser Scanner, and Others), by Technology (2D, 3D, and 4D), by Product (Airborne (Topographic and Bathymetric) and Ground-Based), by End Use Application (Corridor Mapping, Environment, Engineering, Exploration, ADAS and Driverless Cars, Meteorology, Urban Planning, Cartography, and Others), and Region - Global Forecast to 2030"

By end use application, ADAS and driverless cars is anticipated to have a high CAGR during the forecast period.

Based on end-use application, the global LiDAR market is segmented into Corridor Mapping, Environment, Engineering, Exploration, ADAS and Driverless Cars, Meteorology, Urban Planning, Cartography, and Others. ADAS and Driverless Cars are anticipated to have a high CAGR during the forecast period as automotive manufacturers and key players are massively investing in this segment and increasing the incorporation of LiDAR-based sensors in several automotive safety applications.

Global LiDAR Market Segmentation and Key Players

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“North America dominates the LiDAR market during the forecast period.”

North America contributes the largest share in the LiDAR market owing to increased adoption of administrative regulations and several mandates to install automotive safety technologies in lightweight and heavyweight vehicles along with rising investments in ADAS and autonomous cars, and surge in awareness regarding advantages associated with LiDAR systems will escalate the growth in the region.

Some of the major players in the global LiDAR industry include Trimble Inc., Velodyne Lidar, Valeo, Hexagon, Teledyne Geospatial, NV5 Global, Inc. (Previously Known as Quantum Spatial), SureStar, YELLOWSCAN, SICK AG, and FARO.

Global LiDAR Market Coverage

Type Insight and Forecast 2018-2030

• Solid-State
• Mechanical

Component Insight and Forecast 2018-2030

• Navigation and Positioning Systems
• Laser Scanner
• Others

Technology Insight and Forecast 2018-2030

• 2D
• 3D
• 4D

Product Insight and Forecast 2018-2030

• Airborne
  • Topographic
  • Bathymetric
• Ground-Based

End Use Application Insight and Forecast 2018-2030

• Corridor Mapping
• Environment
• Engineering
• Exploration
• ADAS and Driverless Cars
• Meteorology
• Urban Planning
• Cartography
• Others

Geographical Segmentation

LiDAR by Region

North America

• By Type
• By Component
• By Technology
• By Product
• By End Use Application
• By Country – U.S., Canada, and Mexico

Europe

• By Type
• By Component
• By Technology
• By Product
• By End Use Application
• By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

• By Type
• By Component
• By Technology
• By Product
• By End Use Application
• By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

• By Type
• By Component
• By Technology
• By Product
• By End Use Application
• By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries