Press release
LiDAR Technology: Driving Advances in Autonomous Systems and Mapping
Lidar Market, Lidar Market Size, Lidar Market Share, Lidar Market Trends, Lidar Market Outlook, Lidar Market Forecast, Lidar Marke
Key sectors such as automotive, aerospace, and geospatial mapping are driving the growth of the LiDAR market, particularly as advancements in autonomous systems and drones gain momentum. As innovation continues to improve sensor capabilities and reduce costs, the adoption of LiDAR is set to accelerate, opening new opportunities for precision mapping, safety systems, and next-generation infrastructure development.
Global LiDAR Market size was valued at USD 1.5 Billion in 2022 and is poised to grow from USD 1.7 Billion in 2023 to USD 4.83 Billion by 2031, growing at a CAGR of 13.8% in the forecast period (2024-2031).
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The major players profiled in this report include
Leica Geosystems AG (Switzerland)
Teledyne Optech (US)
FARO Technologies Inc. (US)
Velodyne LiDAR Inc. (US)
Quanergy Systems, Inc. (US)
Luminar Technologies, Inc. (US)
LeddarTech Inc. (Canada)
Innoviz Technologies Ltd. (Israel)
Ouster, Inc. (US)
Cepton Technologies, Inc. (US)
AEye, Inc. (US)
RoboSense LiDAR (China)
Ibeo Automotive Systems GmbH (Germany)
Livox Tech Co., Ltd. (China)
Trimble Inc. (US)
Hexagon AB (Sweden)
Sick AG (Germany)
Topcon Corporation (Japan)
RIEGL Laser Measurement Systems GmbH (Austria)
Z+F GmbH (Germany)
Regional Coverage of the Lidar Market:
➤ North America (United States, Canada, and Mexico)
➤ Europe (UK, Germany, France, Russia, and Italy)
➤ Asia-Pacific (China, Korea, Japan, India, and Southeast Asia)
➤ South America (Brazil, Colombia, Argentina, etc.)
➤ The Middle East and Africa (Saudi Arabia, UAE, Nigeria, Egypt, and South Africa)
Frequently Asked Questions
What does the report cover?
The report incorporates an analysis of factors that promote market growth. The report introduces the competitive landscape of the global market. This also provides a range of different market segments and applications that may affect the market in the future. The analysis is based on current market trends and historical growth data. It includes detailed market segmentation, regional analysis, and industry competition pattern.
How does the report provide the market size of the market?
The report effectively assesses the current market size and provides forecasts for the industry in the form of Value and transaction Volume
Lidar Market Segments
LiDAR Technologies
2D, 3D, 4D
Component
Laser Scanners, Navigation & Positioning Systems (GPS, IMU), and Others
Type
Mechanical, and Solid-state
Installation
Airborne (Topographic, Bathymetric Lidar), and Ground-based (Mobile, Static)
Range
Short (0-200 M), Medium (200-500 M), and Long (Above 500 M)
Service
Aerial Surveying, Asset Management, Geographic Information System (GIS) Services, Ground-based Surveying, and Others
End-use Application
Corridor Mapping (Roadways, Railways, Other), Engineering, Environment (Forest Management, Coastline Management, Pollution Modeling, Agriculture Mapping, Wind Farm, Precision Forestry), ADAS & Driverless Cars, Exploration (Oil & Gas, Mining), Urban Planning, Cartography, Meteorology, and Others
What market dynamics does this report cover?
Current market size
Market forecast
Market opportunities
Key drivers and restraints
Regulatory scenario
Industry trend
New product approvals/launch
Promotion and marketing initiatives
Pricing analysis
Competitive landscape
Lidar Market 2024-2031: Main Highlights
The compound annual growth rate of the market during the forecast period 2024-2031
Detailed information on the factors that will contribute to the growth of the Lidar market in the next five years
Estimate the size of the Lidar market and its contribution to the parent market
Forecast of upcoming trends and changes in consumer behavior
Lidar market growth
Analyze the market competition landscape and provide detailed information about suppliers
Detailed information on the factors that comprehensively challenge the growth of vendors in the Lidar market
Insightful research reports on the Lidar market include Pestle analysis, Porter's five forces analysis, and SWOT analysis to understand the factors that affect consumer and supplier behavior
Contact:
Mr. Jagraj Singh
Skyquest Technology
1 Apache Way, Westford, Massachusetts 01886, USA
(+1) 351-333-4748
Visit Our Website: Skyquest Technology
About Us:
SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.
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