Global LiDAR Market, Size, Share, Analysis Report & Forecast to 2026

The global LiDAR market is estimated to grow at a significant CAGR of around 15% during the forecast period. LIDAR (Light Detection and Ranging) is a remote sensing method that is used to measure the distance of an object on the earth’s surface. The data present in LiDAR can be converted into 3D maps for representation, and it makes the environment interpretation easy. More accuracy than other technologies, a wide range of applications and higher data density are likely to act as driving forces for the global LiDAR market growth.

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The global LiDAR market is segmented on the basis of product type and application. By product type, the market is segmented into ground-based LiDAR, airborne LiDAR, and space-borne LiDAR. For ground surface, the Lidar has been majorly used, however, as the technology is getting advanced LiDAR can be used for air and space also. By application, the market is segmented into corridor mapping, exploration & detection, ADAS, and others.

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It is the safest data collection method that allows collecting data from safer and distant locations, which is another factor driving the market growth. The utilization of LiDAR technology has been increased significantly in the automotive industry in recent times. Big market players such as Google’s parent company Alphabet and Uber are testing driverless vehicles with the use of LiDAR technology. Another advantage of LiDAR technology is that it is independent of weather and light. The increasing investments in LiDAR technology by governments and private firms are expected to move the market in a positive direction.

Global LiDAR Market – Segmentation
By Product Type
Ground-Based
Airborne LiDAR
Spaceborne
By Application
Surveying & Modeling
Corridor Mapping
Exploration & Detection
ADAS
Others

Global LiDAR Market – Segmentation by Region 
North America 
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific 
China
Japan
India
Rest of Asia-Pacific
Rest of the World

Company Profiles
AutonomouStuff, LLC
Faro Technologies Inc.
Firmatek LLC
Geokno
GeoSLAM Ltd.
Hydro International
Ibeo Automotive Systems GmbH
LeddarTech Inc.
Leica Geosystems AG
Lumentum Holdings Inc.
Lumibird Canada
Mira Solutions Inc.
Optech Inc.
Ouster, Inc.
Quanergy Systems, Inc
RIEGL USA Inc.
Sick AG
Trimble Inc.
Velodyne Lidar, Inc.
Yellowscan SAS

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