PUBLISHER: Azoth Analytics | PRODUCT CODE: 1459573
PUBLISHER: Azoth Analytics | PRODUCT CODE: 1459573
Azoth Analytics has released a research report titled "Global LiDAR Solution Market (2024 Edition)" which provides a complete analysis of the Global LiDAR Solution industry in terms of market segmentation By Solution (Software and Hardware), By LiDAR Type (Mechanical and Solid-State), By Application (Topography, Automotive, Manufacturing, Logistics and Other Application) for the historical period of 2020-2023, the estimates of 2023 and the forecast period of 2025-2030.
The report analyses the LiDAR Solution Market by Region (Americas, Europe, Asia Pacific, Middle East & Africa) and Countries (United States, Canada, Germany, United Kingdom, France, Italy, China, Japan, India). The Global LiDAR Solution market showcased growth at a CAGR of 62.48% during 2020-2023. The market was valued at USD 2849.95 Million in 2023 which is expected to reach USD 131702.03 Million in 2030. LiDAR technology has undergone significant advancements, leading to increased accuracy, efficiency, and cost-effectiveness. Innovations in laser technology, sensor miniaturization, and data processing algorithms have propelled LiDAR systems to new heights, making them more accessible and applicable across various sectors. These advancements have paved the way for the development of next-generation LiDAR solutions capable of delivering highly detailed 3D maps and precise object detection in real-time.
The global demand for infrastructure development, particularly in rapidly urbanizing regions, has fueled the need for LiDAR solutions. From building new transportation networks and smart cities to upgrading aging infrastructure, LiDAR technology plays a crucial role in planning, design, construction, and maintenance activities. Governments and private sector entities invest in LiDAR-based surveys and assessments to ensure the efficient and sustainable development of infrastructure projects.
Moreover, as cities become more technologically advanced, the demand for LiDAR grows alongside them. LiDAR plays a crucial role in creating 3D models of urban environments, which is essential for infrastructure development, traffic management, and even disaster preparedness. By providing a detailed understanding of cityscapes, LiDAR empowers urban planners to make informed decisions about resource allocation and infrastructure development.
Additionally, amid growing concerns about climate change and environmental degradation, there is an increasing emphasis on sustainable practices in various industries. LiDAR contributes to environmental sustainability by enabling precise resource management, conservation planning, and renewable energy development. For example, LiDAR-derived data supports the siting and design of wind farms, solar installations, and hydroelectric projects, optimizing their efficiency while minimizing environmental impact. Furthermore, LiDAR's ability to create precise 3D models extends beyond the built environment. Environmental researchers utilize LiDAR to monitor deforestation, assess the health of forests, and map ecological features. Additionally, the technology plays a vital role in managing natural resources. LiDAR data helps with tasks like measuring stockpiles in mines, monitoring coastal erosion, and analyzing land cover for sustainable agriculture practices.
Autonomous Vehicles is expected that their number will surpass 54 million in 2024. Correspondingly, the global autonomous car market is projected to grow as well. While in 2021, the market was valued at over 24 billion U.S. dollars, it is projected to reach the size of nearly 62 billion U.S. dollars in 2026. The demand for LiDAR solutions has surged with the rise of AVs. LiDAR sensors are considered essential components in AVs for their ability to provide accurate and real-time 3D mapping of the vehicle's surroundings, enabling precise localization, object detection, and obstacle avoidance. As the AV industry expands, so does the demand for LiDAR sensors, driving growth in the LiDAR solutions market.
The need for LiDAR sensors optimized for AV applications has spurred significant advancements in LiDAR technology. Manufacturers are developing LiDAR sensors with improved range, resolution, reliability, and cost-effectiveness to meet the requirements of AV systems. Innovations such as solid-state LiDAR, multi-beam scanning, and MEMS-based LiDAR are a result of this technological evolution driven by the demands of the AV market.
The growing demand from the AV industry has intensified competition among LiDAR manufacturers. Companies are striving to develop cutting-edge LiDAR solutions that offer superior performance, reliability, and affordability to gain market share in the highly competitive AV market. This competition has led to increased investment in research and development, driving further innovation and technological advancement in the LiDAR solutions market.
Scope of the Report:
The report analyses the LiDAR Solution Market by Value (USD Million).
The report presents the analysis of LiDAR Solution Market for the historical period of 2020-2023, the estimated year 2023 and the forecast period of 2025-2030.
The report analyses the LiDAR Solution Market by Region (Americas, Europe, Asia Pacific, Middle East & Africa) and Countries (United States, Canada, Germany, United Kingdom, France, Italy, China, Japan, India).
The report analyses the LiDAR Solution Market By Solution (Software and Hardware)
The report analyses the LiDAR Solution Market By LiDAR Type (Mechanical and Solid-State).
The report analyses the LiDAR Solution Market By Application (Topography, Automotive, Manufacturing, Logistics and Other Application).
The key insights of the report have been presented through the frameworks of SWOT and Porter's Five Forces Analysis. Also, the attractiveness of the market has been presented by region, By Products, by mode of operation & by end users.
Also, the major opportunities, trends, drivers, and challenges of the industry has been analyzed in the report.
The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include of are Ouster Inc., Luminar Technologies Inc, Innoviz Technologies Ltd., LeddarTech Holdings Inc., Cepton Technologies Inc., Aeye Inc., Aeva Technologies Inc., Blickfeld LiDAR GmbH, Livox Tech Co. Ltd. and Quanergy Systems Inc.
Table of Content
List Of Table
Table A1: Global Impact of Macro Economic Factors, By Region
Table A2: United States LiDAR Solutions Market, By Solution, By Value, 2020-2023 (USD Million)
Table A3: United States LiDAR Solutions Market, By Solution, By Value, 2024-2030 (USD Million)
Table A4: United States LiDAR Solutions Market, By LiDAR Type, By Value, 2020-2023 (USD Million)
Table A5: United States LiDAR Solutions Market, By LiDAR Type, By Value, 2024-2030 (USD Million)
Table A6: United States LiDAR Solutions Market, By Application, By Value, 2020-2023 (USD Million)
Table A7: United States LiDAR Solutions Market, By Application, By Value, 2024-2030 (USD Million)
Table A8: Canada LiDAR Solutions Market, By Solution, By Value, 2020-2023 (USD Million)
Table A9: Canada LiDAR Solutions Market, By Solution, By Value, 2024-2030 (USD Million)
Table A10: Canada LiDAR Solutions Market, By LiDAR Type, By Value, 2020-2023 (USD Million)
Table A11: Canada LiDAR Solutions Market, By LiDAR Type, By Value, 2024-2030 (USD Million)
Table A12: Canada LiDAR Solutions Market, By Application, By Value, 2020-2023 (USD Million)
Table A13: Canada LiDAR Solutions Market, By Application, By Value, 2024-2030 (USD Million)
Table A14: Rest of Americas LiDAR Solutions Market, By Solution, By Value, 2020-2023 (USD Million)
Table A15: Rest of Americas LiDAR Solutions Market, By Solution, By Value, 2024-2030 (USD Million)
Table A16: Rest of Americas LiDAR Solutions Market, By LiDAR Type, By Value, 2020-2023 (USD Million)
Table A17: Rest of Americas LiDAR Solutions Market, By LiDAR Type, By Value, 2024-2030 (USD Million)
Table A18: Rest of Americas LiDAR Solutions Market, By Application, By Value, 2020-2023 (USD Million)
Table A19: Rest of Americas LiDAR Solutions Market, By Application, By Value, 2024-2030 (USD Million)
Table A20: Germany LiDAR Solutions Market, By Solution, By Value, 2020-2023 (USD Million)
Table A21: Germany LiDAR Solutions Market, By Solution, By Value, 2024-2030 (USD Million)
Table A22: Germany LiDAR Solutions Market, By LiDAR Type, By Value, 2020-2023 (USD Million)
Table A23: Germany LiDAR Solutions Market, By LiDAR Type, By Value, 2024-2030 (USD Million)
Table A24: Germany LiDAR Solutions Market, By Application, By Value, 2020-2023 (USD Million)
Table A25: Germany LiDAR Solutions Market, By Application, By Value, 2024-2030 (USD Million)
Table A26: United Kingdom LiDAR Solutions Market, By Solution, By Value, 2020-2023 (USD Million)
Table A27: United Kingdom LiDAR Solutions Market, By Solution, By Value, 2024-2030 (USD Million)
Table A28: United Kingdom LiDAR Solutions Market, By LiDAR Type, By Value, 2020-2023 (USD Million)
Table A29: United Kingdom LiDAR Solutions Market, By LiDAR Type, By Value, 2024-2030 (USD Million)
Table A30: United Kingdom LiDAR Solutions Market, By Application, By Value, 2020-2023 (USD Million)
Table A31: United Kingdom LiDAR Solutions Market, By Application, By Value, 2024-2030 (USD Million)
Table A32: France LiDAR Solutions Market, By Solution, By Value, 2020-2023 (USD Million)
Table A33: France LiDAR Solutions Market, By Solution, By Value, 2024-2030 (USD Million)
Table A34: France LiDAR Solutions Market, By LiDAR Type, By Value, 2020-2023 (USD Million)
Table A35: France LiDAR Solutions Market, By LiDAR Type, By Value, 2024-2030 (USD Million)
Table A36: France LiDAR Solutions Market, By Application, By Value, 2020-2023 (USD Million)
Table A37: France LiDAR Solutions Market, By Application, By Value, 2024-2030 (USD Million)
Table A38: Italy LiDAR Solutions Market, By Solution, By Value, 2020-2023 (USD Million)
Table A39: Italy LiDAR Solutions Market, By Solution, By Value, 2024-2030 (USD Million)
Table A40: Italy LiDAR Solutions Market, By LiDAR Type, By Value, 2020-2023 (USD Million)
Table A41: Italy LiDAR Solutions Market, By LiDAR Type, By Value, 2024-2030 (USD Million)
Table A42: Italy LiDAR Solutions Market, By Application, By Value, 2020-2023 (USD Million)
Table A43: Italy LiDAR Solutions Market, By Application, By Value, 2024-2030 (USD Million)
Table A44: Rest of Europe LiDAR Solutions Market, By Solution, By Value, 2020-2023 (USD Million)
Table A45: Rest of Europe LiDAR Solutions Market, By Solution, By Value, 2024-2030 (USD Million)
Table A46: Rest of Europe LiDAR Solutions Market, By LiDAR Type, By Value, 2020-2023 (USD Million)
Table A47: Rest of Europe LiDAR Solutions Market, By LiDAR Type, By Value, 2024-2030 (USD Million)
Table A48: Rest of Europe LiDAR Solutions Market, By Application, By Value, 2020-2023 (USD Million)
Table A49: Rest of Europe LiDAR Solutions Market, By Application, By Value, 2024-2030 (USD Million)
Table A50: China LiDAR Solutions Market, By Solution, By Value, 2020-2023 (USD Million)
Table A51: China LiDAR Solutions Market, By Solution, By Value, 2024-2030 (USD Million)
Table A52: China LiDAR Solutions Market, By LiDAR Type, By Value, 2020-2023 (USD Million)
Table A53: China LiDAR Solutions Market, By LiDAR Type, By Value, 2024-2030 (USD Million)
Table A54: China LiDAR Solutions Market, By Application, By Value, 2020-2023 (USD Million)
Table A55: China LiDAR Solutions Market, By Application, By Value, 2024-2030 (USD Million)
Table A56: Japan LiDAR Solutions Market, By Solution, By Value, 2020-2023 (USD Million)
Table A57: Japan LiDAR Solutions Market, By Solution, By Value, 2024-2030 (USD Million)
Table A58: Japan LiDAR Solutions Market, By LiDAR Type, By Value, 2020-2023 (USD Million)
Table A59: Japan LiDAR Solutions Market, By LiDAR Type, By Value, 2024-2030 (USD Million)
Table A60: Japan LiDAR Solutions Market, By Application, By Value, 2020-2023 (USD Million)
Table A61: Japan LiDAR Solutions Market, By Application, By Value, 2024-2030 (USD Million)
Table A62: India LiDAR Solutions Market, By Solution, By Value, 2020-2023 (USD Million)
Table A63: India LiDAR Solutions Market, By Solution, By Value, 2024-2030 (USD Million)
Table A64: India LiDAR Solutions Market, By LiDAR Type, By Value, 2020-2023 (USD Million)
Table A65: India LiDAR Solutions Market, By LiDAR Type, By Value, 2024-2030 (USD Million)
Table A66: India LiDAR Solutions Market, By Application, By Value, 2020-2023 (USD Million)
Table A67: India LiDAR Solutions Market, By Application, By Value, 2024-2030 (USD Million)
Table A68: Rest of Asia Pacific LiDAR Solutions Market, By Solution, By Value, 2020-2023 (USD Million)
Table A69: Rest of Asia Pacific LiDAR Solutions Market, By Solution, By Value, 2024-2030 (USD Million)
Table A70: Rest of Asia Pacific LiDAR Solutions Market, By LiDAR Type, By Value, 2020-2023 (USD Million)
Table A71: Rest of Asia Pacific LiDAR Solutions Market, By LiDAR Type, By Value, 2024-2030 (USD Million)
Table A72: Rest of Asia Pacific LiDAR Solutions Market, By Application, By Value, 2020-2023 (USD Million)
Table A73: Rest of Asia Pacific LiDAR Solutions Market, By Application, By Value, 2024-2030 (USD Million)
Table A74: Ouster Key Company Financials, 2020-2022
Table A75: Luminar Key Company Financials, 2021-2023
Table A76: Innoviz Key Company Financials, 2021-2023
Table A77: LeddarTech Key Company Financials, 2021-2023
Table A78: Cepton Key Company Financials, 2020-2022
Table A79: Aeye Key Company Financials, 2020-2022
Table A80: Aeva Key Company Financials, 2021-2023