Light Detection and Ranging (LiDAR) Market is Expected to Rise at a High CAGR of 25.30% by 2029, Size, Share, Emerging Trends, Growth Factors, Business Challenges And Leading Player Analysis

Global Light Detection and Ranging (LiDAR) Market Research Report', the report is complete with an elaborate research undertaken by prominent analysts and a detailed analysis of the global industry place. The study is inclusive of a well-elaborated, extensive scrutiny of this industry alongside major parameters that may most likely have an influence on the market commercialization matrix.

Laser Scanners accounts for the largest component segment in the respective market owing to the increase in the aerial scanning and mapping operations. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Global Light Detection and Ranging (LiDAR) Market was valued at USD 1.40 billion in 2021 and is expected to reach USD 8.51 billion by 2029, registering a CAGR of 25.30% during the forecast period of 2022-2029.

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Market Analysis and Size

Light detection and ranging (LiDAR) has gained immense popularity following the introduction of GPS for calculating accurate geospatial measurements. LiDAR utilizes a pulsed laser for calculating an object's variable distances from the surface of earth, according to American Geoscience Institute. The information collected by the airborne system along with light pulses generate accurate 3D information.

Market Insights: -

LiDAR is a kind of light detection and ranging or laser imaging detection and ranging. LiDAR technology is remote sensing in which light is used in the form of laser to appraise variable distances to the earth. LiDAR is considered as a combination of 3D scanning and laser scanning, therefore it is also known as 3D laser scanning.

Some of the major players operating in the light detection and ranging (LiDAR) market are

Trimble Inc. (US)
Leica Geosystems AG (Switzerland)
Teledyne Optech (Canada)
FARO (US)
SICK AG (Germany)
NV5 Global, Inc. (US)
SureStar (China)
Velodyne Lidar, Inc. (US)
YELLOWSCAN (France)
GeoKno (India)
Phoenix LiDAR Systems (US)
LeddarTech Inc. (Canada)
Quanergy Systems, Inc. (US)
Innoviz Technologies Ltd. (Israel)
ZX Lidars (UK)
Vaisala (Finland)
Waymo LLC (US)
Valeo (US)
Ouster, Inc. (US)

Recent Developments

Leica Geosystems AG unveiled Leica RTC360 3D laser scanner in February'2021. These scanners require minimal monitoring by the user, and aim at providing increased productivity, flexibility, and scanning efficiency when planning reality capture tasks.

Opportunities

Furthermore, increase in the adoption of solid-state, MEMS, flash LiDAR, and other LiDAR technologies extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, Initiatives undertaken by the governments to encourage the use of LiDAR drones for large-scale surveys will further expand the market.

What are the key opportunities of the market?

This Global LiDAR market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market.

Reasons to Purchase this Report

Current and future of global healthcare analytics market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
Regions/countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players

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Segmentation Light Detection and Ranging (LiDAR) Market:

The light detection and ranging (LiDAR) market is segmented on the basis of component, technology, type, installation type, range, service, application and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Component

Laser Scanners
Navigation and Positioning Systems
Global Positioning System (GPS)
Inertial Measurement Unit (IMU)
Others
Camera
High-Precision Clock
Other Accessories

Technology

2D LiDAR
3D LiDAR
4D LiDAR

Type

Mechanical
Solid-State

Installation Type

Airborne LiDAR
Bathymetric LiDAR
Topographic
Ground-Based LiDAR
Mobile LiDAR
Static LiDAR

Range

Short
Medium
Long

Service

LiDAR Data Processing
Data Acquisition
Point Cloud Classification
3D Visualization
Aerial Surveying
Asset Management
GIS Service
Ground-Based Surveying
Mapping and Modelling
Others

Application

Corridor Mapping
Roadways
Railways
Others
Engineering
Environment
Forest Management
Coastline Management
Pollution Modeling
Agriculture
Wind Farm and Precision Forestry
ADAS and Driverless Cars
Exploration
Oil and Gas
Mining
Urban Planning
Cartography
Meteorology

End User

Defense and Aerospace
Civil Engineering
Archaeology
Forestry and Agriculture
Mining Industry
Transportation

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Regional Analysis-

The light detection and ranging (LiDAR) market is analyzed and market size insights and trends are provided by country, component, technology, type, installation type, range, service, application and end user.

The countries covered in the light detection and ranging (LiDAR) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the light detection and ranging (LiDAR) market due to the high adoption of administrative regulations and various mandates on the installation of automotive safety technologies in both lightweight and heavyweight vehicles.

Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 because of the rise in investment by the domestic and overseas players in countries such as China and India in the region.

Drivers

Rise in Construction Industry

The rise in the use of mid-and high-level precision GPS receiver in the construction industry is one of the major factors driving the growth of light detection and ranging (LiDAR) market. The GPS technology is widely being adopted in large-scale construction projects such as megaprojects for civil construction sites.

Availability of Low-Cost Sensors

The availability of various sensors and systems such as laser scanners, and navigation and positioning systems, among others accelerate the market growth. The on-going technological advancements in the semiconductor industry and intense competition among various manufacturers also drive the market growth.

Use of Modern Technologies in Agricultural Products

The use of modern technologies such as variable rate technology (VRT), data management software, mapping software, yield mapping software, and GPS in agricultural products further influence the market. These technologies improve land fertility and profitability, maximize productivity, reduce the cost of farming and facilitate sustainable agriculture.

Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the light detection and ranging (LiDAR) market.

Opportunities

Furthermore, increase in the adoption of solid-state, MEMS, flash LiDAR, and other LiDAR technologies extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, Initiatives undertaken by the governments to encourage the use of LiDAR drones for large-scale surveys will further expand the market.

Key Highlights of Report

Overview of key market forces propelling and restraining market growth
Offers a clear understanding of the competitive landscape and key product segments
An analysis of strategies of major competitors
Detailed analyses of industry trends
A well-defined technological growth map with an impact-analysis
Provides profiles of major competitors of the market.
Details of their operations, product and services.
Recent developments and key financial metrics.

Table of Contents:

Chapter 1 Study Coverage

Chapter 2 Executive Summary

Chapter 3 Market Size by Manufacturers

Chapter 4 Production by Regions

Chapter 5 Consumption by Regions

Chapter 6 Market Size by Type

Chapter 7 Market Size by Application

Chapter 8 Manufacturers Profiles

Chapter 9 Production Forecasts

Chapter 10 Consumption Forecast

Chapter 11 Upstream, Industry Chain and Downstream Customers Analysis

Chapter 12 Opportunities & Challenges, Threat and Affecting Factors

Chapter 13 Key Findings

Chapter 14 Appendix

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