Europe LiDAR Market Poised for Growth: From $304.02 Billion in 2023 to Nearly $755.89 Billion by 2030, with a 13.89% CAGR, According to Stellar Market Research

Estimated Revenue Growth:

Europe LiDAR Market size was valued at USD 304.02 Bn. in 2023 and the total Europe LiDAR revenue is expected to grow at a CAGR of 13.89% from 2024 to 2030, reaching nearly USD 755.89 Bn. by 2030.

Europe LiDAR Market Overview:

Stellar Market Research has published an exclusive research report titled Europe LiDAR Market: Global analysis and forecast for the period 2024-2030," that analyzes the Europe LiDAR market on a global scale. The report provides detailed information about the target market, including future revenue projections, demands, key drivers, restraints, opportunities, and threats regional analysis. The research provides in depth analysis of business strategic approaches used by leading organizations which includes partnerships, mergers, acquisitions, and collaborative initiatives. For the competitive analysis of the Europe LiDAR Market, a competitive matrix is made covering market leaders and new entrants. The report presents an overview of each company along with important takeaways based on the revenue generated, financial health, technological advancements, recent developments, mergers and acquisitions, joint ventures, alliances, and marketing tactics.

𝐔𝐧𝐥𝐨𝐜𝐤 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐎𝐮𝐫 𝐋𝐚𝐭𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰:https://www.stellarmr.com/report/req_sample/europe-lidar-market/2309

What are Europe LiDAR Market Dynamics?

The engineering industry has a big impact on the Europe LiDAR market as LiDAR technology is essential for civil engineering and surveying. It offers comprehensive aerial and terrestrial scans, which are necessary for planning building projects, evaluating stability, and evaluating existing structures. Because UAVs can conduct surveys in dangerous places and are more affordable than helicopters, the integration of UAVs with LiDAR systems is becoming more popular. By permitting remote monitoring of slope stability and rock mechanics, which are essential for road building and other transportation operations, ground-based LiDAR devices further improve safety.

LiDAR technology is also being utilized more and more in the railroad sector for riverbed study, which is necessary for planning dams and flood control systems, as well as for pathway evaluation and asset health monitoring. It is anticipated that LiDAR technology would be further adopted by the expanding construction industry in Europe, which is estimated to generate revenue growth from EUR 2,026.2 billion in 2021 to EUR 2,132.8 billion by 2024. Because aerial LiDAR can penetrate plant and ground cover, it is a preferable method for building and restoration projects rather than photogrammetry.

𝐍𝐞𝐞𝐝 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐀𝐛𝐨𝐮𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 + 𝐆𝐫𝐚𝐩𝐡𝐬 𝐇𝐞𝐫𝐞:https://www.stellarmr.com/report/enquire_now/europe-lidar-market/2309

What is Europe LiDAR Market Regional Insight?

Throughout the projection period, the UK is growing at a strong rate of 17.1%, which is indicative of a rise in the use of LiDAR technology. With a predicted CAGR of 19% over the same time period, France is expected to expand even more quickly due to government regulations that are supportive of the industry and continuous progress in autonomous driving.

What is Europe LiDAR Market Segmentation?

By Product Type

Terrestrial

Aerial

Mobile

Short-range

According to product type, airborne LiDAR is a significant growth driver in the European LiDAR market because of its high precision and efficiency in covering huge regions. For broad uses including environmental monitoring, forestry management, and topographic mapping, this technology is essential. The advantage of aerial LiDAR systems-which are usually installed on drones or aircraft-is their ability to rapidly gather data across large areas, supporting a variety of businesses, such as urban planning and floodplain studies.

In a similar vein, mobile LiDAR is rapidly expanding due to its ability to capture comprehensive data throughout road networks and transit corridors. By offering thorough, up-to-date data about roads, trains, and other vital assets, this mobility improves infrastructure management and planning and propels market growth in industries that need a lot of geographical data.

By Component

Lasers

Inertial navigation system

Camera

GPS/GNSS receiver

Microelectromechanical system (MEMS)

According to Component, improvements in GPS/GNSS receivers and laser technology have a significant impact on the growth of the LiDAR industry in Europe. For applications like corridor mapping and infrastructure construction, precise georeferencing and placement of LiDAR data are critical, and GPS/GNSS receivers are a key component in this process. Their capacity to deliver precise location data helps a variety of sectors produce trustworthy and accurate maps. The development of laser technology is essential to improving LiDAR systems' accuracy, range, and overall performance. Advances in laser technology enhance the precision and efficiency of data acquisition, augmenting the worth of LiDAR systems for an extensive array of uses such as construction, environmental monitoring, and surveying.

By Application

Corridor mapping

Seismology

Exploration and detection

Others

By End-User

Archaeology

Mining

Transportation

Defense & Aerospace

Forestry & Agriculture

Regional Scope

Europe - UK, France, Germany, Italy, Spain, Sweden, Russia, and Rest of Europe

𝐅𝐑𝐄𝐄 𝐆𝐞𝐭 𝐚 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰! @https://www.stellarmr.com/report/req_sample/europe-lidar-market/2309

Some of the current players in the Europe LiDAR Market are:

Leica Geosystems Ag
Topcon Corporation
Riegl Laser Measurement Systems GmbH
Velodyne Lidar Inc.
Quanergy Systems Inc.
Phantom Intelligence Inc.
Neptec Technologies Corp.
Innoviz Technologies Ltd
Geoslam
Sick Ag
Trimble Inc.
TELEDYNE Optech
Denso Corporation
Faro Technologies Inc.
Hesai Technologies
Zoox
Aurora

𝐅𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐀𝐛𝐨𝐮𝐭 𝐓𝐡𝐢𝐬 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐏𝐥𝐞𝐚𝐬𝐞 𝐕𝐢𝐬𝐢𝐭:https://www.stellarmr.com/report/europe-lidar-market/2309

Key Offerings:

Past Market Size and Competitive Landscape
Europe LiDAR Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Europe LiDAR 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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About Stellar Market Research:

Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

This release was published on openPR.