LiDAR Market worth $4.57 billion by 2030, growing at a CAGR of 15.98% - Exclusive Report by 360iResearch

The "LiDAR Market by Technology (2D LiDAR, 3D LiDAR, 4D LiDAR), Component (GPS Receiver, Laser, Scanner), Service, Type, End-Use Application - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global LiDAR Market to grow from USD 1.62 billion in 2023 to USD 4.57 billion by 2030, at a CAGR of 15.98%.

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Light detection and ranging (LiDAR) is an advanced remote sensing system that detects, identifies, and creates a precise 3-D virtual image of an object. It enables the creation of 3D and 2D images with the help of a high-intensity laser tool, microelectromechanical system (MEMS) scanner, and GPS transceiver. With increased demand from 3D modeling, government initiatives, and significant investments, the LiDAR market has shown continued growth, making it appealing to startups interested in developing UAVs equipped with this technology. However, high costs of ownership and safety concerns pose challenges to the market's growth and hamper its accuracy during extreme weather events or climate disasters. Despite these challenges, advancements in mobile applications combined with AI & IoT integration create a new arena of opportunities for the market to grow in the near future. Additionally, the increasing investment in LiDAR startups by automotive giants and technological shifts with the adoption of solid-state, MEMS, flash LiDAR, and other LiDAR technologies present future opportunities for market growth.

The LiDAR market in the Americas has been experiencing robust growth, driven largely by advancements in autonomous vehicle technology and the adoption of LiDAR in the construction, mining, and agriculture industries. The presence of established players and technology firms actively investing in research and development has further stimulated market progress. Market penetration in North America, particularly the United States, is a significant contributor to the overall performance in the Americas. In Europe, the LiDAR market is showing a steady increase, with the wide acceptance of LiDAR technology in automotive applications, environmental monitoring, and topographical surveys. The market is also getting a boost from the public sector through infrastructure development initiatives and smart city projects. Meanwhile, the Middle East and Africa are emerging markets with potential growth attributed to increased awareness and gradual adoption of the technology in various sectors. The APAC is witnessing a rapid growth phase in the LiDAR market, fueled by escalating demand in China, Japan, South Korea, and India. The region's growth is influenced by the expansion of automotive industries, significant investment in smart city and infrastructure projects, and a surge in environmental monitoring practices. Moreover, the support from governments in the region for technological innovations in the transportation and construction sectors is propelling the adoption of LiDAR systems.

Market Segmentation & Coverage:

This research report categorizes the LiDAR Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Technology, market is studied across 2D LiDAR, 3D LiDAR, and 4D LiDAR. The 2D LiDAR is projected to witness significant market share during forecast period.

Based on Component, market is studied across GPS Receiver, Laser, and Scanner. The Laser is projected to witness significant market share during forecast period.

Based on Service, market is studied across Aerial Surveying, Asset Management, GIS Services, and Ground-Based Surveying. The Ground-Based Surveying is projected to witness significant market share during forecast period.

Based on Type, market is studied across Airborne LiDAR, Satellite LiDAR, and Terrestrial LiDAR. The Airborne LiDAR is further studied across Bathymetric and Topographic. The Terrestrial LiDAR is further studied across Mobile and Static. The Satellite LiDAR is projected to witness significant market share during forecast period.

Based on End-Use Application, market is studied across Agriculture & Forestry, Automotive & Transportation, Building & Construction, Defence & Military, and Energy & Utility. The Building & Construction is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 37.43% in 2023, followed by Americas.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the LiDAR Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the LiDAR Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the LiDAR Market, highlighting leading vendors and their innovative profiles. These include Aeva Inc., AEye, Inc., Avnet, Inc., Baraja Pty Ltd., BEAMZ LiDAR Inc., Beijing SureStar Technology Co. Ltd., Blickfeld GmbH, Cepton, Inc., dSPACE GmbH, FARO Technologies, Inc., Geokno India Private Limited by GMR Group, Hypersen Technologies Co., Ltd., Innoviz Technologies Ltd., Innovusion, Inc., Integrated Optics, UAB, Jabil Inc., Jenoptik AG, L3Harris Technologies, Inc., Leddartech Inc., Leica Geosystems AG by Hexagon AB, Leishen Intelligent Systems Co., Ltd, Livox Technology Company Limited Co., Ltd., Luminar Technologies Inc., Mapix Technologies Ltd., MicroVision, Inc., Mouser Electronics, Inc., MVT Geo-Solutions, Neptec Technologies Corp., Neuvition Technology, NV5 Global, Inc., Ouster, Inc., Pepperl+Fuchs Inc., PHB Corp., Phoenix LiDAR Systems, Quanergy Systems, Inc., RedTail LiDAR Systems by 4D Tech Solutions, Inc., RIEGL Laser Measurement Systems GmbH, SemiNex Corporation, Sick AG, Teledyne Technologies Incorporated, TOP-electronics, Topcon Positioning Systems, Inc., Trimble, Inc., Vaisala, Valeo S.A., Velodyne Lidar, Inc., Waymo LLC, Xylem Inc., YellowScan, Zvision, and ZX Lidars.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. LiDAR Market, by Technology
7. LiDAR Market, by Component
8. LiDAR Market, by Service
9. LiDAR Market, by Type
10. LiDAR Market, by End-Use Application
11. Americas LiDAR Market
12. Asia-Pacific LiDAR Market
13. Europe, Middle East & Africa LiDAR Market
14. Competitive Landscape
15. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the LiDAR Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the LiDAR Market?
3. What is the competitive strategic window for opportunities in the LiDAR Market?
4. What are the technology trends and regulatory frameworks in the LiDAR Market?
5. What is the market share of the leading vendors in the LiDAR Market?
6. What modes and strategic moves are considered suitable for entering the LiDAR Market?

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