Scanning Rangefinder market was valued at US$ 957.3 million in 2022 and is anticipated to reach US$ 6115.3 million by 2029, witnessing a CAGR of 32.0% - Valuates Reports

Scanning Rangefinder market was valued at US$ 957.3 million in 2022 and is anticipated to reach US$ 6115.3 million by 2029, witnessing a CAGR of 32.0% during the forecast period 2023-2029.

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Scanning rangefinders are 2D/3D laser radar (or LiDAR) sensors used to measure the distance between the sensor and the surrounding environment. Based on the scan data, it can detect the size, position, and direction of movement of the target object.
The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Valeo is the largest manufacturers of scanning rangefinder in the world, has a share about 25%. Other players include SICK, Hokuyo, Robo Sense and Velodyne, etc. The global scanning rangefinder are mainly produced in Asia, North America, and Europe, they occupied for a share over 97 percent. In terms of type, 2D is the largest segment, with a share over 70%, while 3D takes less than 30%. And in terms of application, the largest application is automotive & traffic for over 85%.

This report aims to provide a comprehensive presentation of the global market for Scanning Rangefinder, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Scanning Rangefinder.
The Scanning Rangefinder market size, estimations, and forecasts are provided in terms of output/shipments (Units) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Scanning Rangefinder market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Scanning Rangefinder manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.

Segment by Type
2D Scanning Rangefinder
3D Scanning Rangefinder

Segment by Application
Automotive & Traffic
Industrial Manufacturing
Service Robots
Others

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