Product Code: 978-1-68038-344-7
LiDAR Market Growth & Trends:
The global LiDAR market size is expected to reach USD 4.71 billion by 2030, registering a CAGR of 9.8% during the forecast period, according to a new report published by Grand View Research, Inc. The market growth is attributable to the rising adoption of LiDAR technology in environmental mapping, automobile safety application arenas, and construction and architectural sectors for monitoring 3D-modeling applications, among others. As this technology is one of the key sensing technologies for enabling hybrid and fully autonomous driving, the rapid development of self-driving vehicles is expected to propel market growth.
Various organizations are focusing on enhancing their LiDAR technology to provide improved safe driving car technologies. For instance, in January 2022, Cepton, a US-based developer and manufacturer of LiDAR products, selected OSRAM's 905 nm edge-emitting lasers to combine high optical output power with low-power consumption light detection and ranging systems for providing enhanced ADAS solutions. The ADAS application segment is expected to witness notable growth owing to the rising incorporation of automotive safety and forward-collision avoidance systems.
The regulatory authorities in the U.K have mandated the installation of automotive safety technologies. The Euro NCAP Advanced forms clear guidance related to the safety benefits of technologies such as blind-spot monitoring, lane support, Autonomous Emergency Braking (AEB), speed alert, attention assist, vision enhancement, and pre-crash sensing. Rising developments in 3D scanning solutions are expected to propel market growth over the forecast period. For instance, in October 2018, Faro Technology, Inc., in partnership with STORMBEE, introduced a new cost-effective airborne LiDAR scanning solution.
The increasing environmental concerns have enforced the formulation of government regulations over the past decade. The authorities have been implementing strategies, activities, and policies to tackle the concerns. Furthermore, the industry faces constraints due to the high cost of these services and the limited availability of geospatial data; however, the technological advancements in spatial resolution of LIDAR-based digital terrain models are providing better accuracy in applications such as change detection on hillsides, water runoff for agriculture or mining sites, and inland waterways.
LiDAR Market Report Highlights:
- The rising automation in various industries has reduced human efforts and increased efficiency. The technological superiority of LiDAR-based technology in several engineering projects is expected to propel the market growth over the forecast period
- The airborne segment is expected to remain dominant over the forecast period. The growth of the segment is attributed to the increasing adoption of aerial mapping devices
- North America is expected to emerge as one of the leading regional markets over the forecast period owing to the rising R&D investments and the high adoption of LiDAR solutions in the automotive sector and environmental scanning & modeling operations
- The growing demand for this technology in emerging economies such as India, Japan, and China is driving the growth of the market in Asia Pacific. Additionally, a rise in demand for technology across the automotive industry is contributing to the growth of the market
- The current market environment is witnessing intense competition among the key players for achieving market domination through product differentiation and quality enhancement
Table of Contents
Chapter 1. Methodology and Scope
- 1.1 Market segmentation & scope
- 1.2. Market definition
- 1.3. Information procurement
- 1.3.1. Secondary sources & third-party perspectives
- 1.3.2. Primary research
- 1.4. Information analysis
- 1.4.1. Data analysis models
- 1.5. Market formulation & data visualization
Chapter 2. Executive Summary
Chapter 3. Market Snapshot
- 3.1 LiDAR - Industry Snapshot & Key Buying Criteria, 2017 - 2030
Chapter 4. Industry Outlook
- 4.1 Market Segmentation & Scope
- 4.2 LiDAR market size and growth prospects
- 4.3 LiDAR - Value Chain Analysis
- 4.4 Market Dynamics
- 4.4.1 Market driver analysis
- 4.4.1.1 The growing environmental concerns
- 4.4.1.2 The increasing demand for 3D imagery
- 4.4.1.3 The increasing deployment of automotive safety technologies
- 4.4.2 Market restraint analysis
- 4.4.2.1 Lack of awareness and customer education
- 4.5 Penetration & Growth Prospect Mapping
- 4.6 Industry Analysis - Porter's Five Forces
- 4.6.1. Supplier Power
- 4.6.2. Buyer Power
- 4.6.3. Substitution Threat
- 4.6.4. Threat from new entrant
- 4.6.5. Competitive rivalry
- 4.7. PEST Analysis
- 4.7.1. Political Landscape
- 4.7.2. Environmental Landscape
- 4.7.3. Social Landscape
- 4.7.4. Technology Landscape
- 4.8 LiDAR market - Key company analysis, 2021
- 4.8.1 Key company analysis, 2021
Chapter 5. LiDAR Market: Product Type Estimates and Trend Analysis
- 5.1 LiDAR Market: Product Type Movement Analysis
- 5.1.1 Airborne
- 5.1.1.1. Global Market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.1.2 Terrestrial
- 5.1.2.1. Global Market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.1.3 Mobile & UAV
- 5.1.3.1. Global Market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 6. LiDAR Market: Component Estimates and Trend Analysis
- 6.1 LiDAR Market: Component Movement Analysis
- 6.1.1 GPS
- 6.1.1.1. Global Market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.1.2 Navigation (IMU)
- 6.1.2.1. Global Market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.1.3 Laser Scanners
- 6.1.3.1. Global Market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.1.4 Other
- 6.1.4.1. Global Market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 7. LiDAR Market: Application Estimates and Trend Analysis
- 7.1 LiDAR Market: Application Movement Analysis
- 7.1.1 Corridor Mapping
- 7.1.1.1. Global Market estimates and forecasts, 2017 - 2030 (USD Million)
- 7.1.2 Engineering
- 7.1.2.1. Global Market estimates and forecasts, 2017 - 2030 (USD Million)
- 7.1.3 Environment
- 7.1.3.1. Global Market estimates and forecasts, 2017 - 2030 (USD Million)
- 7.1.4 Exploration
- 7.1.4.1. Global Market estimates and forecasts, 2017 - 2030 (USD Million)
- 7.1.5 ADAS
- 7.1.5.1. Global Market estimates and forecasts, 2017 - 2030 (USD Million)
- 7.1.6 Others
- 7.1.6.1. Global Market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 8. LiDAR Market: Regional Estimates & Trend Analysis
- 8.1 LiDAR market share by region, 2017 & 2030
- 8.2 North America
- 8.2.1 North America LiDAR market, by Product type, 2017 - 2030
- 8.2.2 North America LiDAR market, by Application, 2017 - 2030
- 8.2.3 North America LiDAR market, by Component, 2017 - 2030
- 8.2.4 U.S.
- 8.2.4.1 U.S. LiDAR market, by Product type, 2017 - 2030
- 8.2.4.2 U.S. LiDAR market, by Application, 2017 - 2030
- 8.2.4.3 U.S. LiDAR market, by Component, 2017 - 2030
- 8.2.5 Canada
- 8.2.5.1 Canada LiDAR market, by Product type, 2017 - 2030
- 8.2.5.2 Canada LiDAR market, by Application, 2017 - 2030
- 8.2.5.3 Canada LiDAR market, by Component, 2017 - 2030
- 8.2.6 Mexico
- 8.2.6.1 Mexico LiDAR market, by Product type, 2017 - 2030
- 8.2.6.2 Mexico LiDAR market, by Application, 2017 - 2030
- 8.2.6.3 Mexico LiDAR market, by Component, 2017 - 2030
- 8.3 Europe
- 8.3.1 Europe LiDAR market, by Product type, 2017 - 2030
- 8.3.2 Europe LiDAR market, by Application, 2017 - 2030
- 8.3.3 Europe LiDAR market, by Component, 2017 - 2030
- 8.3.4 U.K.
- 8.3.4.1 U.K. LiDAR market, by Product type, 2017 - 2030
- 8.3.4.2 U.K. LiDAR market, by Application, 2017 - 2030
- 8.3.4.3 U.K. LiDAR market, by Component, 2017 - 2030
- 8.3.5 Germany
- 8.3.5.1 Germany LiDAR market, by Product type, 2017 - 2030
- 8.3.5.2 Germany LiDAR market, by Application, 2017 - 2030
- 8.3.5.3 Germany LiDAR market, by Component, 2017 - 2030
- 8.3.6 France
- 8.3.6.1 France LiDAR market, by Product type, 2017 - 2030
- 8.3.6.2 France LiDAR market, by Application, 2017 - 2030
- 8.3.6.3 France LiDAR market, by Component, 2017 - 2030
- 8.4 Asia Pacific
- 8.4.1 Asia Pacific LiDAR market, by Product type, 2017 - 2030
- 8.4.2 Asia Pacific LiDAR market, by Application, 2017 - 2030
- 8.4.3 Asia Pacific LiDAR market, by Component, 2017 - 2030
- 8.4.4 China
- 8.4.4.1 China LiDAR market, by Product type, 2017 - 2030
- 8.4.4.2 China LiDAR market, by Application, 2017 - 2030
- 8.4.4.3 China LiDAR market, by Component, 2017 - 2030
- 8.4.5 India
- 8.4.5.1 India LiDAR market, by Product type, 2017 - 2030
- 8.4.5.2 India LiDAR market, by Application, 2017 - 2030
- 8.4.5.3 India LiDAR market, by Component, 2017 - 2030
- 8.4.6 Japan
- 8.4.6.1 Japan LiDAR market, by Product type, 2017 - 2030
- 8.4.6.2 Japan LiDAR market, by Application, 2017 - 2030
- 8.4.6.3 Japan LiDAR market, by Component, 2017 - 2030
- 8.5 South America
- 8.5.1 South America LiDAR market, by Product type, 2017 - 2030
- 8.5.2 South America LiDAR market, by Application, 2017 - 2030
- 8.5.3 South America LiDAR market, by Component, 2017 - 2030
- 8.5.4 Brazil
- 8.5.5.1 Brazil LiDAR market, by Product type, 2017 - 2030
- 8.5.5.2 Brazil LiDAR market, by Application, 2017 - 2030
- 8.5.5.3 Brazil LiDAR market, by Component, 2017 - 2030
- 8.6 MEA
- 8.6.1 MEA LiDAR market, by Product type, 2017 - 2030
- 8.6.2 MEA LiDAR market, by Application, 2017 - 2030
- 8.6.3 MEA LiDAR market, by Component, 2017 - 2030
Chapter 9. Competitive Landscape
- 9.1 Faro Technology, Inc.
- 9.1.1 Company overview
- 9.1.2 Financial performance
- 9.1.3 Product benchmarking
- 9.1.4 Recent developments
- 9.2 Leica Geosystem Holdings AG
- 9.2.1 Company overview
- 9.2.2 Product benchmarking
- 9.2.3 Recent developments
- 9.3 Teledyne Optech Incorporated (A part of Teledyne Technologies)
- 9.3.1 Company overview
- 9.3.2 Financial performance of Teledyne Technologies
- 9.3.3 Product Benchmarking
- 9.3.4 Recent developments
- 9.4 Trimble Navigation Limited
- 9.4.1 Company overview
- 9.4.2 Financial performance
- 9.4.3 Product Benchmarking
- 9.4.4 Recent developments
- 9.5 RIEGL USA, Inc.
- 9.5.1 Company overview
- 9.5.2 Product benchmarking
- 9.5.3 Recent developments
- 9.6 Quantum Spatial, Inc.
- 9.6.1 Company overview
- 9.6.2 Product benchmarking
- 9.6.3 Strategic initiatives
- 9.7 Velodyne LiDAR, Inc.
- 9.7.1 Company overview
- 9.7.2 Product benchmarking
- 9.7.3 Recent developments
- 9.8 Sick AG
- 9.8.1 Company overview
- 9.8.2 Financial performance
- 9.8.3 Product benchmarking
- 9.8.4 Recent developments
- 9.9 YellowScan
- 9.9.1 Company overview
- 9.9.2 Product benchmarking
- 9.9.3 Recent developments
- 9.10 GeoDigital
- 9.10.1 Company overview
- 9.10.2 Product benchmarking