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LiDAR Market Report Scope & Overview:

LiDAR Market Size was valued at USD 2.08 billion in 2022 and is expected to reach USD 4.44 billion by 2030, growing at a CAGR of 9.9% over the forecast period 2023-2030.

Light Detection and Ranging (LiDAR), is a remote sensing system used to detect, identify, and create an accurate 3D image of an object. LiDAR is used to create 3D and 2D images with the help of a powerful laser tool, micro-electro-mechanical system (MEMS) scanner, and GPS trans-receiver. LiDAR is used in a variety of applications including seismology, geomatics, airborne laser swath map, atmospheric physics, archeology, geomorphology, and more. Additionally, industries such as automotive, aerospace and defense, healthcare, and others use the LiDAR system in many applications. In the automotive industry, LiDAR technology is used to navigate and control autonomous vehicles.

LiDAR Market Revenue Analysis

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MARKET DYNAMICS:

KEY DRIVERS:

  • The advent of 4D LiDAR.

  • LiDAR is becoming more widely used in engineering and construction applications.

RESTRAINTS:

OPPORTUNITIES:

  • Improved geospatial solutions through sensor fusion.

  • Long-term opportunities for SWIR-based design.

  • The adoption of solid-state, MEMS, flash LiDAR, and other LiDAR technologies has resulted in technological shifts.

CHALLENGES:

  • LiDAR services are expensive, and geospatial data is scarce.

IMPACT OF COVID-19:

The COVID-19 epidemic has affected companies in the LiDAR ecosystem. It has affected both manufacturers and dealers of LiDAR users, worldwide. Among the applications, the LiDAR market testing program is expected to be most affected by COVID-19. The use of LiDAR exploration includes the use of LiDAR for oil and gas and mining purposes. The imposed Lockdown closure worldwide has had an impact on the global economy. Public transport restrictions have reduced global fuel consumption. This has led to a decline in the price of crude oil. This has also led to a decline in the oil and gas sector, indicating a significant impact on the LiDAR market for exploration applications. Among the regions, the rest of the world is expected to be the most influential region in the world. The region includes the Middle East Africa and South America. Of these, the Middle East and Africa are expected to be the region most influential in RoW, as it is the world's largest crude oil producer. The closure of restricted areas and transport greatly reduced the demand for crude oil and led to a decline in crude oil prices. This decline in the oil and gas sector has led to a decline in the LiDAR market in the Middle East and Africa due to COVID-19.

Based on Type, the LiDAR market is segmented into mechanical and solid-state. The mechanical LiDAR segment had a large market share and is expected to retain its position during the forecast period. The LiDAR market, by the way, is expected to be driven by the equipment component due to the widespread use of mechanical LiDAR in various applications, such as corridor mapping, military, volumetric mapping, and engineering, resulting in greater equipment size of the LiDAR Market.

Based on Technology, the LiDAR market is segmented into 2D, 3D, and 4D. The 4D LiDAR market is expected to grow at a very high CAGR. This growth was due to the high adoption of 4D LiDAR in systems such as self-driving cars, robots, and other independent systems. In addition to automotive, 4D LiDAR has applications in the construction, engineering, and construction industry (AEC), entertainment, and AR / VR.

Based on Components, the LiDAR market is segmented into Laser Scanner, Navigation and positioning systems, and Others.

Laser scanners had the largest LiDAR market share in and are expected to maintain that position during forecasting. The widespread use of laser scanners for transmission and identification using laser pulses based on the ToF principle is a major contributor to this increase. The placement and navigation systems market is expected to be the second largest market. LiDAR systems used for aerial and terrestrial surveillance are equipped with stop and navigation systems, such as GPS and IMUs, to provide more accurate data.

Based on End-Use Applications, the LiDAR market is segmented into Corridor Mapping, Engineering, Environment, ADAS and Driverless Cars, Exploration, Urban Planning, Cartography, Meteorology, and Other end-use applications.

LiDAR Environmental Market is ranked with the largest market share, with end-use applications, and is expected to maintain its position during forecasting LiDAR is widely accepted to monitor the use of sites in the elimination of various uses, including forest management, coastal management, pollution model, agriculture, wind farms, and precise forests.

MARKET SEGMENTATION:

BY TYPE

  • Mechanical

  • Solid-state

BY TECHNOLOGY

  • 2D

  • 3D

  • 4D

BY SERVICE

  • Aerial surveying

  • Asset management

  • GIS services

  • Ground-based surveying

  • Other services

BY COMPONENT

  • Laser Scanner

  • Navigation and positioning systems

  • Others

BY END-USE APPLICATION

  • Corridor mapping

  • Engineering

  • Environment

  • ADAS and Driverless Cars

  • Exploration

  • Urban Planning

  • Cartography

  • Meteorology

  • Other end-use applications

LiDAR Market Segmentation Analysis

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REGIONAL ANALYSIS:

Geographically, the LiDAR market is divided into North America, Asia-Pacific, Europe, South America, and the Middle East and Africa. The LiDAR market is estimated to be dominated by North America at the time of forecasting. It is credited to a number of LiDAR companies in the USA that contribute to technological and financial development. Also, the use of various LiDAR applications such as urban planning, meteorology, environment, etc. there is an important duty obligation. In line with that, the presence of LiDAR sensor manufacturers will also accelerate the growth of LiDAR technology. However, the Asia-Pacific region will also have continued growth in the future. The growing interest of various LiDAR industry leaders are expanding their business is a valid reason for market growth. Overall, the aforementioned regions will play a key role in the Future LiDAR market.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • South Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of the Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

KEY PLAYERS:

The key players in the LiDAR industry are Teledyne Optech, Leica Geosystems, RIEGL Laser Measurement, Beijing SureStar Technology, Geokno, Leddartech Inc, Trimble, FARO Technologies, Quantum Spatial, Velodyne Lidar, Phoenix LiDAR Systems, Quanergy Systems & Other Players.

Leica Geosystems-Company Financial Analysis

LiDAR Market Report Scope:

Report Attributes Details
Market Size in 2022 US$ 2.08 Billion
Market Size by 2030 US$ 3.6 Billion
CAGR CAGR of 13.2% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (Mechanical, Solid-State)
• By Technology (2D, 3D, 4D)
• By Service (Aerial Surveying, Asset Management, GIS Services, Ground-Based Surveying, Other Services)
• By Component (Laser Scanner, Navigation And Positioning Systems, Others)
• By End-Use Application (Corridor Mapping, Engineering, Environment, ADAS And Driverless Cars, Exploration, Urban Planning, Cartography, Meteorology, Other End-Use Applications)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Teledyne Optech, Leica Geosystems, RIEGL Laser Measurement, Beijing SureStar Technology, Geokno, Leddartech Inc, Trimble, FARO Technologies, Quantum Spatial, Velodyne Lidar, Phoenix LiDAR Systems, Quanergy Systems and Other players.
Key Drivers • The advent of 4D LiDAR.
• LiDAR is becoming more widely used in engineering and construction applications.
Restraints • Low-cost and lightweight photogrammetry systems are widely available.
• UAVs and self-driving cars pose safety risks.

Frequently Asked Questions

The market value will be expected to reach USD 4.44 billion by 2030.

The key players in the LiDAR industry are Teledyne Optech, Leica Geosystems, RIEGL Laser Measurement, Beijing SureStar Technology, Geokno, Leddartech Inc, Trimble, FARO Technologies, Quantum Spatial, Velodyne Lidar, Phoenix LiDAR Systems, Quanergy Systems, and Other Players

The COVID-19 epidemic has affected companies in the LiDAR ecosystem. It has affected both manufacturers and dealers of LiDAR users, worldwide.

Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.

Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis

  

8. LiDAR Market Segmentation, by type

8.1Introduction

8.2 Mechanical

8.3 Solid-state

9. LiDAR Market Segmentation, by technology

9.1 Introduction

9.2 2D

9.3 3D

9.4 4D

10. LiDAR Market Segmentation, by service

10.1 Introduction

10.2 Aerial surveying

10.2 Asset management

10.3 GIS services

10.4 Ground-based surveying

10.5 Other services

11. LiDAR Market Segmentation, by component

11.1 Introduction

11.2 Laser Scanner

11.3 Navigation and positioning systems

11.4 Others

12. LiDAR Market Segmentation, by End-Use application

12.1 Introduction

12.2 Corridor mapping

12.3 Engineering

12.4 Environment

12.5 ADAS and Driverless Cars

12.6 Exploration

12.7 Urban Planning

12.8 Cartography

12.9 Meteorology

12.10 Other end-use applications

13. Regional Analysis

13.1 Introduction

13.2 North America

13.2.1 USA

13.2.2 Canada

13.2.3 Mexico

13.3 Europe

13.3.1 Germany

13.3.2 UK

13.3.3 France

13.3.4 Italy

13.3.5 Spain

13.3.6 The Netherlands

13.3.7 Rest of Europe

13.4 Asia-Pacific

13.4.1 Japan

13.4.2 South Korea

13.4.3 China

13.4.4 India

13.4.5 Australia

13.4.6 Rest of Asia-Pacific

13.5 The Middle East & Africa

13.5.1 Israel

13.5.2 UAE

13.5.3 South Africa

13.5.4 Rest

13.6 Latin America

13.6.1 Brazil

13.6.2 Argentina

13.6.3 Rest of Latin America

14.Company Profiles

14.1 Teledyne Optech

14.1.1 Financial

14.1.2 Products/ Services Offered

14.1.3 SWOT Analysis

14.1.4 The SNS view

14.2 Leica Geosystems

14.3 RIEGL Laser Measurement

14.4 Beijing SureStar Technology

14.5 Geokno

14.6 Leddartech Inc

14.7 Trimble

14.8 FARO Technologies

14.9 Quantum Spatial

14.10 Velodyne Lidar

14.11 Phoenix LiDAR Systems

14.12 Quanergy Systems

14.13 Others.

15.Competitive Landscape

15.1 Competitive Benchmark

15.2 Market Share analysis

15.3 Recent Developments

16.Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

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Data Bank Validation

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