LiDAR Market Trends, Top Companies, Share, Growth And Forecast 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per the LiDAR market report by The Business Research Company, the rising demand for 3D imaging is expected to propel the growth of the LiDAR market. 3D imaging is a technique that develops or creates the impression of depth within an image by deploying 2D data into the 3-dimensional format.

The global LiDAR market size grew from $1.8 billion in 2022 to $2.19 billion in 2023 at a compound annual growth rate (CAGR) of 21.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The LiDAR market size is expected to grow to $4.78 billion in 2027 at a CAGR of 21.6%.

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https://www.thebusinessresearchcompany.com/report/lidar-global-market-report

Major competitors in the LiDAR market include Velodyne, Leica Geosystems AG, LEOSPHERE SAS, HEXAGON, Leica Geosystems AG, GeoSLAM Ltd., Firmatek LLC, RIEGL Laser Measurement Systems GmbH, Mira Solutions Inc., Aerometric Surveys, Airborne Hydrography AB, Faro Technologies Inc., Phoenix LiDAR Systems, Innoviz Technologies Ltd., Waymo LLC, Valeo SA, Neptec Technologies Corp, and ZX LIDARS.

The LiDAR market is segmented -
• By Component: Laser Scanner, Navigation and Positioning Systems, Other Components

• By Type: Terrestrial, Aerial, Mobile

• By Technology: 2D, 3D, 4D

• By Applications: Mapping and Cartography, ADAS (Advanced Driver-Assistance System), Environment, Exploration and Detection, Other Applications

• By End User: Defense and Aerospace, Civil Engineering, Archaeology, Forestry and Agriculture, Mining, Transportation

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the LiDAR market.

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The LiDAR are used to examine the surface of the earth. LiDAR is a laser imaging detection and ranging system in which laser, a form of light, is used to measure the variable distances from earth. LiDAR technology is popularly used to measure a large number of areas in a relatively small amount of time with more accuracy than manual labor. It is a technology used to create three-dimensional images.

The Table Of Content For The LiDAR Market Include:
1. Executive Summary
2. LiDAR Market Characteristics
3. LiDAR Market Trends And Strategies
4. LiDAR Market - Macro Economic Scenario
5. LiDAR Market Size And Growth
……
26. Africa LiDAR Market
27. LiDAR Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The LiDAR Market
29. LiDAR Market Future Outlook and Potential Analysis
30. Appendix

The "Global LiDAR Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.

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