Global LiDAR Market: Emerging Trends, Major Key Players Leica Geosystems AG and Trimble, Inc

According to the report, The Global LiDAR is expected to be valued at $X Billion by 2028 and is anticipated to grow at a CAGR of more than 25% from 2020 to 2028. The major factor driving the growth of the Lidar market is the increasing inclination towards ADAS in commercial vehicles. The technology is making its way into a lot of automobile manufacturers and has become a standard feature in premium vehicles. In addition, the high-performance and high-cost effectiveness of the technology has been driving the growth of the product. In terms of geographic expansion, the Lidar market is expected to witness growth in the Asia Pacific region, which is home to major automobile manufacturers.

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The latest research report published by Evolve Business Intelligence examines the impacts of numerous market aspects on the global LIDAR industry including a look at the current market size and forecasts for key segments and regions, the driving forces behind the market, the probable effects from key trends, how all these will affect the business plan, SWOT analysis of critical sectors for each of the key competitors, customers and more! Providing valuable data about conglomerations that are most likely going to have an impact on this industry is essential to any company who plans to properly invest for next 5 years. These findings supplement our initial quantitative study in order to facilitate any new investments or planning traits against threats in existing sectors through a strategic business plan.

Impact of COVID-19

The on-going COVID-19 pandemic has had a significant impact on the industry. Several financial impacts and disruptions have been felt over a long period of time. Our research has interviewed numerous delegates from this industry, across geographical markets to collect information that is helpful for addressing potential challenges the COVID-19 pandemic may cause going forward.
In terms of COVID 19 impact, the LiDAR market report also includes the following data points:
• Impact of COVID-19
• Government Aids and Policies for Industry Revival
• Companies Recent Developments to Tackle Negative Impact
• Opportunity Window & Post COVID Trend

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Key Players
Some of the major LiDAR players holding highest market share include Leica Geosystems AG, Trimble, Inc, Teledyne Optech and FARO Technologies, Inc. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• Leica Geosystems AG
• Trimble, Inc
• Teledyne Optech
• FARO Technologies, Inc
• RIEGL Laser Measurement Systems GmbH
• Sick AG
• Quantum Spatial
• Beijing SureStar Technology Co. Ltd
• Velodyne Lidar, Inc
• YellowScan

Segmental Analysis

Market Segment By Technology with focus on market share, consumption trend, and growth rate of LIDAR Market:
o 2D LiDAR
o 3D LiDAR
o 4D LiDAR

Market Segment By Component with focus on market share, consumption trend, and growth rate of LIDAR Market:
o Laser scanners
o Navigation and positioning systems
o Others

Market Segment By type with a focus on market share, consumption trend, and growth rate of LIDAR Market:
o Mechanical
o Solid-state

Market Segment By installation with a focus on market share, consumption trend, and growth rate of LIDAR Market:
o Ground-based LiDAR
o Airborne LiDAR

Market Segment By range with a focus on market share, consumption trend, and growth rate of LIDAR Market:
o Short
o Medium
o Long

Market Segment By services with a focus on market share, consumption trend, and growth rate of LIDAR Market:
o Aerial surveying
o Asset management
o GIS services
o Ground-based surveying
o Other services

Market Segment By application with a focus on market share, consumption trend, and growth rate of LIDAR Market:
o Corridor mapping
o Engineering
o Environment
o ADAS & driverless cars
o Exploration
o Urban planning
o Cartography
o Meteorology
o Other applications

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Global LiDAR Geographic Coverage:
• North America
o US
o Canada

• Europe
o UK
o Germany
o France
o Italy
o Spain
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Rest of Asia Pacific

• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America

• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA

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