LiDAR Market Scope: Applications Across Industries Explored

Global LiDAR Market was worth US$ 1.59 Bn. in 2022 and total revenue is expected to grow at a rate of 20.7 % CAGR from 2022 to 2029, the LiDAR Market is reaching almost US$ 5.95 Bn. in 2029.

LiDAR Market Report Scope and Research Methodology

Report Scope: The report delves into the diverse applications of LiDAR technology across industries such as automotive, healthcare, aerospace, and defense. It explores the growing demand for LiDAR due to its remarkable precision and real-world applications.

Research Methodology: Maximize Market Research Pvt Ltd employed a robust research methodology to analyze and forecast market trends from 2018 through 2029. The report takes into account the impact of the COVID-19 pandemic on the LiDAR market, with a specific focus on the years 2020 and beyond.

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What are LiDAR Market Dynamics?

Drivers of Growth: Key drivers include the increasing adoption of LiDAR technology in the military, aerospace, and defense sectors, alongside investments in smart and wearable technology. The report highlights LiDAR's role in diverse applications like lie-detection systems, video games, and cognitive systems, as well as its importance in understanding customer behavior in retail establishments.

Restraints: The report discusses challenges such as the growing competition from low-cost and lightweight photogrammetry systems, the high cost of LiDAR services, and the scarcity of geospatial data.

LiDAR Market Segmentation:

The market is divided into two sub-segments based on installation: airborne and ground-based. Digital elevation models may now be created more precisely and thoroughly using aerial LiDAR instead of photogrammetry. This technology offers better precision and a wider coverage area than its terrestrial counterparts. In a shorter length of time, it enables more thorough area mapping.

On the ground, LiDAR systems can be either fixed or mobile. They are installed on moving platforms like SUVs or all-terrain vehicles (ATVs) with the use of a tripod and balancing assembly. Ground-based LiDAR systems are less expensive than aerial LiDAR systems.

The market is further divided into Corridor Mapping, ADAS & Driverless Car, Engineering, and Others based on Application. The market for the corridor mapping app is predicted to grow somewhat, but its total market share will decline. The most widely used technologies are anticipated to include low-speed collision avoidance systems and driver aid systems. With the unified adaptive front lighting, lane departure warning systems, driver assistance systems, and intelligent front lighting systems are only a few of the new application options made possible by the integration of map-enabled systems. In recent years, the market has seen a rise in the popularity of assisted driving vehicles, which use a camera and radar to sense their surroundings and prevent crashes.

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Who are LiDAR Market Key Players?

1. Leica Geosystems Holdings AG
2. Teledyne Optech Inc.
3. Quantum Spatial, Inc.
4. Faro Technologies, Inc.
5. Velodyne LiDAR, Inc.
6. Sick AG
7. Geokno
8. Trimble, Inc.
9. RIEGL USA
10.YellowScan
11.Beijing Surestar Technology
12.Optech Inc.
13.Geodigital
14.Topcon Positioning Systems Inc.
15.Denso
16.Trimble, Inc. (US)
17.HEXAGON,
18.SICK AG
19.Trimble Inc.
20.Phoenix LiDAR Systems

Table of Content: LiDAR Market

Part 01: Executive Summary

Part 02: Scope of the LiDAR Market Report

Part 03: Global LiDAR Market Landscape

Part 04: Global LiDAR Market Sizing

Part 05: Global LiDAR Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

North America currently leads the LiDAR market, driven by advanced technology adoption in healthcare and research initiatives. However, the Asia-Pacific region is poised to experience the highest growth rate, with a projected CAGR of 19.3% from 2022 to 2029, attributed to increased investments by domestic and international firms.

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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