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.
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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.
Unmanned Aerial Vehicles (UAV) and self-driving cars pose safety risks.
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.
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.
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
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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
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
| 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. |
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
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