PUBLISHER: Renub Research | PRODUCT CODE: 1422487
PUBLISHER: Renub Research | PRODUCT CODE: 1422487
LiDAR Market, Size, Global Forecast 2024-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Company Analysis
Global LiDAR Market will be around US$ 7.25 billion by 2030, according to Renub Research. Light Detection and Ranging is a global remote sensing technology growing in reputation. It employs laser pulses to measure distances to the Earth's surface, measuring precise 3D land maps. Used drastically in distinct sectors, LiDAR speeds up project planning and management by quickly taking images of specific spatial data. Continuous improvements in LiDAR sensor tech and data processing methods make it extra handy and cost-powerful, driving its massive use globally throughout various applications.
The global LiDAR market is anticipated to grow at a CAGR of 20.99% throughout 2024 to 2030
LiDAR sensors extend beyond cars and skylines, locating numerous packages. In aerial realms, they empower self-driving vehicles with 3-D mapping for more secure transportation. In smart cities, LiDAR aids urban planning, traffic control, infrastructure planning, and disaster response. Its precision revolutionizes land surveying, construction planning, and resource exploration. Drones with LiDAR enhance agriculture for crop monitoring, forestry for sound resource management, and archaeology for uncovering hidden landscapes. LiDAR's reach expands into protection and surveillance for border control, perimeter safety, and crime scene investigation. In robotics and automation, LiDAR enables correct navigation and obstacle avoidance, from warehouse robots to autonomous business machines.
Advancements in sensor technology and production make LiDAR affordable and versatile. Smaller LiDAR sensors easily fit into drones, robots, and smartphones. Software enhancements, like superior algorithms, extract treasured insights from LiDAR data in real time. The Asia-Pacific region stands proud in the global LiDAR market, especially for urban planning in developing towns. LiDAR helps smart town tasks by enabling smart site traffic control and disaster readiness, attracting significant investments. Governments use LiDAR to improve sustainable infrastructure, evaluate environmental impact, and conserve sources. Japan emphasizes high-precision programs, specializing in surveying and mapping. Hence, the value of the Global LiDAR Market was US$ 1.91 Billion in 2023.
Terrestrial LiDAR is expanding its share globally
By type, the global LiDAR market is fragmented into Terrestrial, Aerial, Mobile, and Short Range. Terrestrial LiDAR is increasing its worldwide market presence. This technology offers precise and accurate 3D mapping of terrestrial environments, making it necessary in various industries. Its potential to capture precise spatial data quickly and successfully enhances undertaking planning, monitoring, and management techniques. Also, improvements in LiDAR sensor technology and data processing strategies have made terrestrial LiDAR more available and cost-effective, further propelling its adoption globally.
The laser scanners are growing in the global LiDAR market
By component, the global LiDAR market is categorized into LASER, Inertial Navigation System, Camera, GPS GNSS Receiver, and MEMS (Micro Electro Mechanical Systems). Laser scanners are experiencing a sizeable upward push in the market due to their versatility and growing programs. These scanners provide excessive precision, making them critical devices in the car, advent, archaeology, and forestry industries. The demand for unique spatial statistics for urban planning, infrastructure development, and environmental monitoring drives the adoption of laser scanners. Moreover, upgrades in sensor technology and data processing talents also propel their growth in the LiDAR market.
Corridor mapping commands a high proportion in the global LiDAR market
By application, the global LiDAR market comprises Corridor Mapping, Engineering, Environment, Exploration, Advanced Driver Assistance Systems, and Others. Corridor mapping holds an enormous share of the international LiDAR market. This dominance stems from its immense utility in various industries, which include transportation, town planning, and infrastructure improvement. Corridor mapping LiDAR structures are instrumental in growing particular 3D maps of linear features like roads, railways, pipelines, and electricity traces. They offer precise information collection and assessment competencies, facilitating efficient plans, preservation, and international management of transportation networks and linear infrastructure responsibilities.
3D technology is boosting the LiDAR market with its accurate and high-performance capabilities
The global LiDAR market is broken up into 3D, 2D, and 1D by technology. The industry is witnessing a surge in the adoption of 3D technology. 3D LiDAR systems provide superior precision, accuracy, and spatial focus compared to traditional 2D counterparts. They are extensively applied in independent automobiles, town-making plans, and infrastructure tracking programs. The growing call for exact and complete 3D mapping solutions, coupled with advancements in sensor technology and data processing skills, propels the quick growth of 3D technology in the international LiDAR market.
Short-range LiDAR holds a significant share in the global market due to its versatility, cost-effectiveness, and wide-ranging applications
By range, the global LiDAR market is split up into short-range, medium-range, and long-range. Short-range LiDAR holds an extensive share in the global market. It is broadly utilized in automotive, robotics, and consumer electronics for collision avoidance, motion recognition, and object detection applications. The compact size, high precision, and low power intake of short-range LiDAR structures make them appealing for integration into various gadgets and systems. As those industries expand, the demand for short-range LiDAR is anticipated to grow.
China is poised to lead the global LiDAR market because of strategic investments, technological prowess, and an expansive market landscape
By countries, the global LiDAR market is dissected into North America (United States, Canada), Europe (France, Germany, Italy, Spain, United Kingdom, Belgium, Netherlands, Turkey), Asia Pacific (China, Japan, India, Australia, South Korea, Thailand, Malaysia, Indonesia, New Zealand), Latin America (Brazil, Mexico, Argentina), Middle East & Africa (South Africa, Saudi Arabia, and UAE). The dedication of China to emerging technology, self-reliant automobiles, and smart cities fuels prominent authorities and private sector funding. Chinese groups actively increase and install LiDAR answers, riding innovation and affordability. The sheer scale of city improvement initiatives in China amplifies the demand for LiDAR in infrastructure planning and environmental tracking applications. With a focus on high quality, cost-effectiveness, and sturdy surroundings, China is well located to dominate the LiDAR market, shaping the future of this transformative technology on an international scale.
Key Players
Faro Technologies Inc., Hexagon AB, Vaisala Oyj, Sick AG, Teledyne Technologies Inc., Innoviz Technologies Ltd., LeddarTech Inc., and NV5 Global Inc. are the companies present in the global LiDAR market.
In April 2023 - Teledyne Optech launched the CL-360 marine LiDAR sensor. It captures complete above and below-water images with survey-grade accuracy in a single workflow and can be integrated with high-resolution multibeam systems and CARIS Ping-to-Chart.
Renub Research report titled "Global LiDAR Market By Types (Terrestrial, Aerial, Mobile, and Short Range), Components (LASER, Inertial Navigation System, Camera, GPS GNSS Receiver, and MEMS (Micro Electro Mechanical Systems)), Application (Corridor Mapping, Engineering, Environment, Exploration, Advanced Driver Assistance Systems, and Others), Technology (3D, 2D, and 1D), Range (Short Range, Medium Range, and Long Range), Countries (North America (United States, Canada), Europe (France, Germany, Italy, Spain, United Kingdom, Belgium, Netherlands, Turkey), Asia Pacific (China, Japan, India, Australia, South Korea, Thailand, Malaysia, Indonesia, New Zealand), Latin America (Brazil, Mexico, Argentina), Middle East & Africa (South Africa, Saudi Arabia, and UAE)), Company Analysis (Faro Technologies Inc., Hexagon AB, Vaisala Oyj, Sick AG, Teledyne Technologies Inc., Innoviz Technologies Ltd., LeddarTech Inc., and NV5 Global Inc.)" provides a complete study of Global LiDAR Industry.
Types - Global LiDAR Market breakup in 4 viewpoints:
- 1. Terrestrial
- 2. Aerial
- 3. Mobile
- 4. Short Range
Components - Global LiDAR Market breakup in 5 viewpoints:
- 1. LASER
- 2. Inertial Navigation System
- 3. Camera
- 4. GPS GNSS Receiver
- 5. MEMS (Micro Electro Mechanical Systems)
Application - Global LiDAR Market breakup in 6 viewpoints:
- 1. Corridor Mapping
- 2. Engineering
- 3. Environment
- 4. Exploration
- 5. Advanced Driver Assistance Systems
- 6. Others
Technology - Global LiDAR Market breakup in 3 viewpoints:
- 1. 3D
- 2. 2D
- 3. 1D
Range - Global LiDAR Market breakup in 3 viewpoints:
- 1. Short Range
- 2. Medium Range
- 3. Long Range
Country - Global LiDAR Market breakup in 5 viewpoints:
- 1. North America
- 1.1. United States
- 1.2. Canada
- 2. Europe
- 2.1. France
- 2.2. Germany
- 2.3. Italy
- 2.4. Spain
- 2.5. United Kingdom
- 2.6. Belgium
- 2.7. Netherlands
- 2.8. Turkey
- 3. Asia Pacific
- 3.1. China
- 3.2. Japan
- 3.3. India
- 3.4. South Korea
- 3.5. Thailand
- 3.6. Malaysia
- 3.7. Indonesia
- 3.8. Australia
- 3.9. New Zealand
- 4. Latin America
- 4.1. Brazil
- 4.2. Mexico
- 4.3. Argentina
- 5. Middle East & Africa
- 5.1. Saudi Arabia
- 5.2. UAE
- 5.3. South Africa
All the Key players have been covered from 3 Viewpoints:
- Overview
- Recent Developments
- Revenue Analysis
Company Analysis:
- 1. Faro Technologies Inc.
- 2. Hexagon AB
- 3. Vaisala Oyj
- 4. Sick AG
- 5. Teledyne Technologies Inc.
- 6. Innoviz Technologies Ltd.
- 7. LeddarTech Inc.
- 8. NV5 Global Inc.
Table of Contents
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
- 4.1 Growth Drivers
- 4.2 Challenges
5. Global LiDAR Market
6. Market Share - Global LiDAR Market
- 6.1 By Type
- 6.2 By Component
- 6.3 By Application
- 6.4 By Technology
- 6.5 By Range
- 6.6 By Country
7. Type - Global LiDAR Market
- 7.1 Terrestrial
- 7.2 Aerial
- 7.3 Mobile
- 7.4 Short Range
8. Components - Global LiDAR Market
- 8.1 LASER
- 8.2 Inertial Navigation System
- 8.3 Camera
- 8.4 GPS GNSS Receiver
- 8.5 MEMS (Micro Electro Mechanical Systems)
9. Application - Global LiDAR Market
- 9.1 Corridor Mapping
- 9.2 Engineering
- 9.3 Environment
- 9.4 Exploration
- 9.5 Advanced Driver Assistance Systems
- 9.6 Others
10. Technology - Global LiDAR Market
- 10.1 3D
- 10.2 2D
- 10.3 1D
11. Range - Global LiDAR Market
- 11.1 Short Range
- 11.2 Medium Range
- 11.3 Long Range
12. Country - Global LiDAR Market
- 12.1 North America
- 12.1.1 United States
- 12.1.2 Canada
- 12.2 Europe
- 12.2.1 France
- 12.2.2 Germany
- 12.2.3 Italy
- 12.2.4 Spain
- 12.2.5 United Kingdom
- 12.2.6 Belgium
- 12.2.7 Netherlands
- 12.2.8 Turkey
- 12.3 Asia Pacific
- 12.3.1 China
- 12.3.2 Japan
- 12.3.3 India
- 12.3.4 South Korea
- 12.3.5 Thailand
- 12.3.6 Malaysia
- 12.3.7 Indonesia
- 12.3.8 Australia
- 12.3.9 New Zealand
- 12.4 Latin America
- 12.4.1 Brazil
- 12.4.2 Mexico
- 12.4.3 Argentina
- 12.5 Middle East & Africa
- 12.5.1 Saudi Arabia
- 12.5.2 UAE
- 12.5.3 South Africa
13. Porter's Five Analysis - Global LiDAR Market
- 13.1 Bargaining Power of Buyers
- 13.2 Bargaining Power of Suppliers
- 13.3 Degree of Rivalry
- 13.4 Threat of New Entrants
- 13.5 Threat of Substitutes
14. SWOT Analysis - Global LiDAR Market
- 14.1 Strength
- 14.2 Weakness
- 14.3 Opportunity
- 14.4 Threat
15. Company Analysis
- 15.1 Faro Technologies Inc.
- 15.1.1 Overview
- 15.1.2 Recent Development
- 15.1.3 Financial Insight
- 15.2 Hexagon AB
- 15.2.1 Overview
- 15.2.2 Recent Development
- 15.2.3 Financial Insight
- 15.3 Vaisala Oyj
- 15.3.1 Overview
- 15.3.2 Recent Development
- 15.3.3 Financial Insight
- 15.4 Sick AG
- 15.4.1 Overview
- 15.4.2 Recent Development
- 15.4.3 Financial Insight
- 15.5 Teledyne Technologies Inc.
- 15.5.1 Overview
- 15.5.2 Recent Development
- 15.5.3 Financial Insights
- 15.6 Innoviz Technologies Ltd.
- 15.6.1 Overview
- 15.6.2 Recent Development
- 15.6.3 Financial Insights
- 15.7 LeddarTech Inc.
- 15.7.1 Overview
- 15.7.2 Recent Development
- 15.7.3 Financial Insights
- 15.8 NV5 Global Inc.
- 15.8.1 Overview
- 15.8.2 Recent Development
- 15.8.3 Financial Insights
List of Figures
- Figure-01: Global - LiDAR Market (Billion US$), 2018 - 2023
- Figure-02: Global - Forecast for LiDAR Market (Billion US$), 2024 - 2030
- Figure-03: Type - Terrestrial Market (Million US$), 2018 - 2023
- Figure-04: Type - Forecast for Terrestrial Market (Million US$), 2024 - 2030
- Figure-05: Type - Aerial Market (Million US$), 2018 - 2023
- Figure-06: Type - Forecast for Aerial Market (Million US$), 2024 - 2030
- Figure-07: Type - Mobile Market (Million US$), 2018 - 2023
- Figure-08: Type - Forecast for Mobile Market (Million US$), 2024 - 2030
- Figure-09: Type - Short Range Market (Million US$), 2018 - 2023
- Figure-10: Type - Forecast for Short Range Market (Million US$), 2024 - 2030
- Figure-11: Components - LASER Market (Million US$), 2018 - 2023
- Figure-12: Components - Forecast for LASER Market (Million US$), 2024 - 2030
- Figure-13: Components - Inertial Navigation System Market (Million US$), 2018 - 2023
- Figure-14: Components - Forecast for Inertial Navigation System Market (Million US$), 2024 - 2030
- Figure-15: Components - Camera Market (Million US$), 2018 - 2023
- Figure-16: Components - Forecast for Camera Market (Million US$), 2024 - 2030
- Figure-17: Components - GPS GNSS Receiver Market (Million US$), 2018 - 2023
- Figure-18: Components - Forecast for GPS GNSS Receiver Market (Million US$), 2024 - 2030
- Figure-19: Components - MEMS (Micro Electro Mechanical Systems) Market (Million US$), 2018 - 2023
- Figure-20: Components - Forecast for MEMS (Micro Electro Mechanical Systems) Market (Million US$), 2024 - 2030
- Figure-21: Application - Corridor Mapping Market (Million US$), 2018 - 2023
- Figure-22: Application - Forecast for Corridor Mapping Market (Million US$), 2024 - 2030
- Figure-23: Application - Engineering Market (Million US$), 2018 - 2023
- Figure-24: Application - Forecast for Engineering Market (Million US$), 2024 - 2030
- Figure-25: Application - Environment Market (Million US$), 2018 - 2023
- Figure-26: Application - Forecast for Environment Market (Million US$), 2024 - 2030
- Figure-27: Application - Exploration Market (Million US$), 2018 - 2023
- Figure-28: Application - Forecast for Exploration Market (Million US$), 2024 - 2030
- Figure-29: Application - Advanced Driver Assistance Systems Market (Million US$), 2018 - 2023
- Figure-30: Application - Forecast for Advanced Driver Assistance Systems Market (Million US$), 2024 - 2030
- Figure-31: Application - Others Market (Million US$), 2018 - 2023
- Figure-32: Application - Forecast for Others Market (Million US$), 2024 - 2030
- Figure-33: Technology - 3D Market (Million US$), 2018 - 2023
- Figure-34: Technology - Forecast for 3D Market (Million US$), 2024 - 2030
- Figure-35: Technology - 2D Market (Million US$), 2018 - 2023
- Figure-36: Technology - Forecast for 2D Market (Million US$), 2024 - 2030
- Figure-37: Technology - 1D Market (Million US$), 2018 - 2023
- Figure-38: Technology - Forecast for 1D Market (Million US$), 2024 - 2030
- Figure-39: Range - Short Range Market (Million US$), 2018 - 2023
- Figure-40: Range - Forecast for Short Range Market (Million US$), 2024 - 2030
- Figure-41: Range - Medium Range Market (Million US$), 2018 - 2023
- Figure-42: Range - Forecast for Medium Range Market (Million US$), 2024 - 2030
- Figure-43: Range - Long Range Market (Million US$), 2018 - 2023
- Figure-44: Range - Forecast for Long Range Market (Million US$), 2024 - 2030
- Figure-45: United States - LiDAR Market (Million US$), 2018 - 2023
- Figure-46: United States - Forecast for LiDAR Market (Million US$), 2024 - 2030
- Figure-47: Canada - LiDAR Market (Million US$), 2018 - 2023
- Figure-48: Canada - Forecast for LiDAR Market (Million US$), 2024 - 2030
- Figure-49: France - LiDAR Market (Million US$), 2018 - 2023
- Figure-50: France - Forecast for LiDAR Market (Million US$), 2024 - 2030
- Figure-51: Germany - LiDAR Market (Million US$), 2018 - 2023
- Figure-52: Germany - Forecast for LiDAR Market (Million US$), 2024 - 2030
- Figure-53: Italy - LiDAR Market (Million US$), 2018 - 2023
- Figure-54: Italy - Forecast for LiDAR Market (Million US$), 2024 - 2030
- Figure-55: Spain - LiDAR Market (Million US$), 2018 - 2023
- Figure-56: Spain - Forecast for LiDAR Market (Million US$), 2024 - 2030
- Figure-57: United Kingdom - LiDAR Market (Million US$), 2018 - 2023
- Figure-58: United Kingdom - Forecast for LiDAR Market (Million US$), 2024 - 2030
- Figure-59: Belgium - LiDAR Market (Million US$), 2018 - 2023
- Figure-60: Belgium - Forecast for LiDAR Market (Million US$), 2024 - 2030
- Figure-61: Netherlands - LiDAR Market (Million US$), 2018 - 2023
- Figure-62: Netherlands - Forecast for LiDAR Market (Million US$), 2024 - 2030
- Figure-63: Turkey - LiDAR Market (Million US$), 2018 - 2023
- Figure-64: Turkey - Forecast for LiDAR Market (Million US$), 2024 - 2030
- Figure-65: China - LiDAR Market (Million US$), 2018 - 2023
- Figure-66: China - Forecast for LiDAR Market (Million US$), 2024 - 2030
- Figure-67: Japan - LiDAR Market (Million US$), 2018 - 2023
- Figure-68: Japan - Forecast for LiDAR Market (Million US$), 2024 - 2030
- Figure-69: India - LiDAR Market (Million US$), 2018 - 2023
- Figure-70: India - Forecast for LiDAR Market (Million US$), 2024 - 2030
- Figure-71: South Korea - LiDAR Market (Million US$), 2018 - 2023
- Figure-72: South Korea - Forecast for LiDAR Market (Million US$), 2024 - 2030
- Figure-73: Thailand - LiDAR Market (Million US$), 2018 - 2023
- Figure-74: Thailand - Forecast for LiDAR Market (Million US$), 2024 - 2030
- Figure-75: Malaysia - LiDAR Market (Million US$), 2018 - 2023
- Figure-76: Malaysia - Forecast for LiDAR Market (Million US$), 2024 - 2030
- Figure-77: Indonesia - LiDAR Market (Million US$), 2018 - 2023
- Figure-78: Indonesia - Forecast for LiDAR Market (Million US$), 2024 - 2030
- Figure-79: Australia - LiDAR Market (Million US$), 2018 - 2023
- Figure-80: Australia - Forecast for LiDAR Market (Million US$), 2024 - 2030
- Figure-81: New Zealand - LiDAR Market (Million US$), 2018 - 2023
- Figure-82: New Zealand - Forecast for LiDAR Market (Million US$), 2024 - 2030
- Figure-83: Brazil - LiDAR Market (Million US$), 2018 - 2023
- Figure-84: Brazil - Forecast for LiDAR Market (Million US$), 2024 - 2030
- Figure-85: Mexico - LiDAR Market (Million US$), 2018 - 2023
- Figure-86: Mexico - Forecast for LiDAR Market (Million US$), 2024 - 2030
- Figure-87: Argentina - LiDAR Market (Million US$), 2018 - 2023
- Figure-88: Argentina - Forecast for LiDAR Market (Million US$), 2024 - 2030
- Figure-89: Saudi Arabia - LiDAR Market (Million US$), 2018 - 2023
- Figure-90: Saudi Arabia - Forecast for LiDAR Market (Million US$), 2024 - 2030
- Figure-91: UAE - LiDAR Market (Million US$), 2018 - 2023
- Figure-92: UAE - Forecast for LiDAR Market (Million US$), 2024 - 2030
- Figure-93: South Africa - LiDAR Market (Million US$), 2018 - 2023
- Figure-94: South Africa - Forecast for LiDAR Market (Million US$), 2024 - 2030
- Figure-95: Faro Technologies Inc. - Global Revenue (Million US$), 2018 - 2023
- Figure-96: Faro Technologies Inc. - Forecast for Global Revenue (Million US$), 2024 - 2030
- Figure-97: Hexagon AB - Global Revenue (Million US$), 2018 - 2023
- Figure-98: Hexagon AB - Forecast for Global Revenue (Million US$), 2024 - 2030
- Figure-99: Vaisala Oyj - Global Revenue (Million US$), 2018 - 2023
- Figure-100: Vaisala Oyj - Forecast for Global Revenue (Million US$), 2024 - 2030
- Figure-101: Sick AG - Global Revenue (Million US$), 2018 - 2023
- Figure-102: Sick AG - Forecast for Global Revenue (Million US$), 2024 - 2030
- Figure-103: Teledyne Technologies Inc. - Global Revenue (Million US$), 2018 - 2023
- Figure-104: Teledyne Technologies Inc. - Forecast for Global Revenue (Million US$), 2024 - 2030
- Figure-105: Innoviz Technologies Ltd. - Global Revenue (Million US$), 2018 - 2023
- Figure-106: Innoviz Technologies Ltd. - Forecast for Global Revenue (Million US$), 2024 - 2030
- Figure-107: LeddarTech Inc. - Global Revenue (Million US$), 2018 - 2023
- Figure-108: LeddarTech Inc. - Forecast for Global Revenue (Million US$), 2024 - 2030
- Figure-109: NV5 Global Inc. - Global Revenue (Million US$), 2018 - 2023
- Figure-110: NV5 Global Inc. - Forecast for Global Revenue (Million US$), 2024 - 2030
List of Tables
- Table-01: Global - LiDAR Market Share by Type (Percent), 2018 - 2023
- Table-02: Global - Forecast for LiDAR Market Share by Type (Percent), 2024 - 2030
- Table-03: Global - LiDAR Market Share by Component (Percent), 2018 - 2023
- Table-04: Global - Forecast for LiDAR Market Share by Component (Percent), 2024 - 2030
- Table-05: Global - LiDAR Market Share by Application (Percent), 2018 - 2023
- Table-06: Global - Forecast for LiDAR Market Share by Application (Percent), 2024 - 2030
- Table-07: Global - LiDAR Market Share by Technology (Percent), 2018 - 2023
- Table-08: Global - Forecast for LiDAR Market Share by Technology (Percent), 2024 - 2030
- Table-09: Global - LiDAR Market Share by Range (Percent), 2018 - 2023
- Table-10: Global - Forecast for LiDAR Market Share by Range (Percent), 2024 - 2030
- Table-11: Global - LiDAR Market Share by Countries (Percent), 2018 - 2023
- Table-12: Global - Forecast for LiDAR Market Share by Countries (Percent), 2024 - 2030
