LiDAR Market Analysis By Major Manufacturers and Competitive landscape

The LiDAR Market size was valued at USD 1.82 Billion in 2023 and the total LiDAR revenue is expected to grow at a CAGR of 19.74% from 2024 to 2030, reaching nearly USD 6.42 Billion by 2030.

LiDAR Market Report Scope and Research Methodology

Report Scope:

The report on the LiDAR Market provides a comprehensive overview of the industry, including its current market size, growth prospects, and key drivers. It delves into the various applications of LiDAR technology across sectors such as automotive, healthcare, aerospace, and defense, highlighting its potential for market expansion. Additionally, the report examines the challenges hindering market growth, along with insights into regional dynamics shaping the industry landscape.

Research Methodology:

The research methodology employed in this report includes thorough market analysis, incorporating primary and secondary research sources. Extensive data collection and analysis techniques have been utilized to provide accurate and reliable insights into the LiDAR market.

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LiDAR Market Dynamics

Drivers:

The incorporation of increasing automation into LiDAR technologies is profoundly influencing market growth, enabling superior accuracy in various applications such as change detection, water runoff analysis, and monitoring inland waterways. Rising demand for high-quality 3D imagery, particularly in sectors like military & defense, civil engineering, and corridor mapping, is expected to drive market growth.

Restraints:

The high cost of LiDAR services and the shortage of geospatial data present significant barriers impeding market growth. Addressing the need for customer education and initiatives to enhance data accessibility are crucial to unlocking the full potential of the LiDAR market.

LiDAR Market Segmentation

LiDAR Market, by Component

GPS
Navigation (IMU)
Laser Scanners
Mobile & UAV

LiDAR Market, by Type

Mechanical LiDAR
Solid-State LiDAR

LiDAR Market, by Installation

Airborne
Ground-Based

The LiDAR market is divided into two sub-sectors based on installation: airborne and ground-based. Photogrammetry is superseded by aerial LiDAR as a precise and comprehensive method of creating digital elevation models. This technology offers more coverage area and better accuracy than its terrestrial counterparts. In a shorter amount of time, it enables more thorough area mapping. On the ground, LiDAR systems can be either mobile or stationary. They are installed on moving platforms like SUVs or all-terrain vehicles (ATVs) with the use of a tripod and balancing assembly. Airborne LiDAR systems are more expensive than ground-based LiDAR systems.

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LiDAR Market Key Players

LiDAR Manufacturers in North America
1. Leica Geosystems Holdings AG (Switzerland)
2. Teledyne Optech Inc. (Canada)
3. Quantum Spatial, Inc. (United States)
4. Faro Technologies, Inc. (United States)
5. Velodyne LiDAR, Inc. (United States)
6. Trimble, Inc. (United States)
7. RIEGL USA (United States)
8. Optech Inc. (Canada)
9. Geodigital (Canada)
10. Topcon Positioning Systems Inc. (United States)
11. Waymo LLC (United States)
12. Lumibird Canada (Canada)
13. Ouster, Inc. (United States)
14. LeddarTech Inc. (Canada)
15. Trimble, Inc. (US)
LiDAR Manufacturers in Europe:
16. YellowScan (France,)
17.Sick AG(Germany)
18. HEXAGON (Sweden)
19. Phoenix LiDAR Systems (Germany)
20. Valeo (France)
21. ZX Lidars (United Kingdom)
22. Vaisala (Finland)
LiDAR Manufacturers in Asia-Pacific:
23. Beijing Surestar Technology (China)
24. Denso (Japan)

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Table of content for the LiDAR Market includes:

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: Asserted dominance in the LiDAR market in 2023, driven by increasing adherence to regulatory mandates mandating specific automotive safety technologies.

Asia Pacific: Poised to emerge as the swiftest-growing region, with notable growth opportunities within the automotive sector, fueled by the escalating adoption of technologies such as Advanced Driver Assistance Systems (ADAS) and Autonomous Emergency Braking (AEB).

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