LiDAR Market Valued USD 5.59 Billion and Expected to Register 17.7% CAGR by 2032

According to the research report published by Polaris Market Research, the Global Lidar Market Size Is Expected To Reach USD 5.59 Million By 2032, at a CAGR of 17.7% during the forecast period.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/lidar-market/request-for-sample

The surge in interest in 3D imaging systems and automation of LiDAR systems drives the development of the LiDAR market. By installation analysis, the ground-based products segment dominated the industry. By region analysis, Asia Pacific is anticipated to witness the fastest CAGR.

𝐓𝐨𝐩 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐏𝐚𝐫𝐭𝐢𝐜𝐢𝐩𝐚𝐧𝐭𝐬:

The top industry participants are trying to gain a competitive edge in the market with product and technology. Among the
LiDAR market key players include:

• Trimble Navigation limited
• Faro Technologies Inc.
• Quantum Spatial Inc.
• Velodyne LiDAR Inc.
• Sick Ag
• Teledyne Optech
• Riegl Laser Measurement Systems
• Leica Geosystems Inc.
• GeoDigital and Beijing Surestar Technology.

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/buy/196/2

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

• Navigation and Positioning systems
• Laser Scanners
• Cameras
• Others

𝐁𝐲 𝐈𝐧𝐬𝐭𝐚𝐥𝐥𝐚𝐭𝐢𝐨𝐧

• Ground-Based
• Airborne

𝐓𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐀𝐝𝐝𝐫𝐞𝐬𝐬𝐞𝐬:

• The global LiDAR industry size was valued at USD 1.29 billion in 2023 and is projected to grow to USD 5.59 billion by 2032.

• The industry is anticipated to exhibit a compound annual growth rate (CAGR) of 17.7% during the forecast period from 2024 to 2032.

• The market segmentation is primarily based on component, installation, range, application, and region.

• The major regions covered in the LiDAR market report include North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

LiDAR, which stands for light detection and ranging, is a remote sensing method that works on the principle of radar but uses light from a laser. It involves targeting a surface with a laser and measuring the time taken by the reflected light to return to the laser. These light pulses, along with other data recorded by the airborne system, produce precise, 3D information about the Earth's surface and its characteristics.

A LiDAR system consists of several components, including a laser, a scanner, and a specialized GPS receiver. The two main types of LiDAR are topographic and bathymetric. Topographic LiDAR employs a near-infrared laser to map the land, whereas bathymetric LiDAR makes use of water-penetrating light for measuring seafloor and riverbed elevations.

𝐂𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞 𝐭𝐨 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/lidar-market

𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬:

The industry growth for LiDAR is being primarily fueled by the growing interest in automotive safety systems. Besides, the rising use of products and environmental safety standards has given a boost to the market demand. Furthermore, the introduction of favorable government initiatives and policies supports the expansion of the industry.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

• North America (U.S., Canada)

• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)

• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)

• Latin America (Brazil, Mexico, Argentina)

• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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𝐀𝐢𝐫𝐜𝐫𝐚𝐟𝐭 𝐃𝐞-𝐈𝐜𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/aircraft-de-icing-market

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨:

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New York City, NY 10005,
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Email: sales@polarismarketresearch.com

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

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