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Global LiDAR market size is expected to reach US$ 3.8 billion by the end of 2028

08-02-2023 01:30 PM CET | Media & Telecommunications

Press release from: SDMR International

LIDAR Market

LIDAR Market

LiDAR technology has taken the automobile world to a whole new level by providing the tools needed for truly safe navigation. Light detection and ranging, also known as "LiDAR" is a remote sensing technology that measures distance by illuminating A target using laser light.

In 2023, the Global LiDAR market size was US$ 1.5 Billion and it is expected to reach US$ 3.8 billion by the end of 2028, with a CAGR of 19.6% during 2023-2028. The LiDAR market will expect high growth mainly due superior 3D depth accuracy relative to competing radar, camera and ultrasound sensors Lidar detects object shape and small features for object identification; radar and ultrasonic cannot, good performance during day (high brightness) and night (low light) conditions

In the case of automotive industry, this technology is used to enhance a vehicle`s navigation capabilities by detection and avoidance of obstacles enroute. LiDAR does this by providing clear-cut 3D snapshots of every object in the vehicle`s vicinity. Along with its surveying feature, the LiDAR sensors system features automatic speed control, adaptive cruise control systems, braking systems, etc. There are several variants of LiDAR units available today, such as units with 16, 32, and 64 beams of laser light.

LiDAR market future opportunities include advances in artificial intelligence (e.g., ADAS software) enable superior 3D depth sensing with basic, cost-effective lidars. Several automotive OEMs have partnered with and invested in lidar players such as Toyota Volvo and BMW.

The market includes definition and segmentation of the LiDAR market, analysis and forecasts, identification of driving and restraining factors for LiDAR market, analysis of trends, opportunities, and challenges. Market segmentation and revenue forecast for covering major countries. Market segmentation and revenue forecast on the basis of types such as airborne and ground-based, market segmentation and revenue forecast on the basis of applications such as corridor mapping, engineering, environment, ADAS and driverless cars, exploration, urban planning, cartography, meteorology and Other. Recent developments, new product launches alliances, joint ventures, mergers & acquisitions in the LiDAR market

The LiDAR market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global LiDAR market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2023-2028.

Global LiDAR Market Segment, By Type
• Airborne
• Ground-Based

Global LiDAR Market Segment by Application
• Corridor Mapping
• Engineering
• Environment
• ADAS and Driverless Cars
• Exploration
• Urban Planning

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Global LiDAR Market Research: Trends & Forecasts Upto 2030
• Cartography
• Meteorology
• Other End-Use Applications

Global LiDAR Market Segment, By Component
• Laser Scanner
• Navigation and Positioning System
• Others

Global LiDAR Market Segment, By Type
• Solid-State
• Mechanical

Global LiDAR Market Segment, By Range
• Short
• Medium
• Long

Global LiDAR Market Segment by Service
• Aerial Surveying
• Asset Management
• GIS Service
• Ground-based Surveying
• Other Services

Global LiDAR Market Segment by Region
North America
• United States
• Canada
• Mexico
• China
• India
• Japan
• South Korea
• Australia
• Indonesia
• Singapore
• Rest of Asia-Pacific
• Germany
• France
• UK
• Italy
• Spain
• Russia
• Rest of Europe
Central & South America
• Brazil
• Argentina
• Rest of South America
Middle East & Africa
• Saudi Arabia
• Turkey
• Rest of Middle East & Africa

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Global LiDAR Market Segment by Company
• ABAX Sensing
• Aeva
• AEye
• Analog Devices
• Analog Phonics
• Apple
• Baraja
• Beamagine
• Benewake
• Blackmore (Aurora)
• Blickfeld
• Boulder Nonlinear Systems
• Bright Way Vision
• Carnavicom
• Cepton
• Continental
• Elmos Semiconductor AG
• FaseLase
• Fastree3D
• Fraunhofer IMS
• Fujitsu
• Hesai Technology
• Huawei
• Hybrid Lidar Systems
• Ibeo
• iLidar
• Infoworks
• Infineon (Innoluce)
• Innoviz
• Innovusion
• Insight Lidar
• Jungsang Lidar
• Kyber Photonics
• LeddarTech/Phantom Intelligence
• Phantom Intelligence
• LeiShen
• LightIC Technologies
• LITRA Technology
• Livox
• Irvine Sensors
• Lorentech
• Luminar
• Lumotive
• Lumotive
• MicroVision
• Mirada Technologies
• Mitsubishi Electric
• Mobileye
• Neptec (Lumibird)
• Neuvition
• Omron
• Opsys Technologies
• Oryx Vision
• Ou Lei
• Ouster/Sense Photonics
• Sense Photonics
• Owl AI
• Panasonic
• Phoenix Lidar
• Photonic Vision
• Others

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