LiDAR Market Forecasted for Major Growth (2024-2031) | SICK AG, Hokuyo Automatic Co. Ltd., VelodyneLidar Inc

LiDAR Market Research Report By DataM Intelligence: A comprehensive analysis of current and emerging trends provides clarity on the dynamics of the LiDAR market. The report employs Porter's Five Forces model to assess key factors such as the influence of suppliers and customers, risks posed by different entities, competitive intensity, and the potential of emerging entrepreneurs, offering valuable insights. Additionally, the report presents research data from various companies, including their benefits, gross margins, and strategic decisions in the global market, all conveyed through tables, charts, and infographics.

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What is the projected growth rate (CAGR) of the Global LiDAR market from 2024 to 2031, and what is the market value expected to change by 2031?

The Global LiDAR Market is expected to grow at a high CAGR of 20.1% during the forecasting period (2024-2031).

What is LiDAR Market?

LiDAR (Light Detection and Ranging) is a remote sensing technology that uses laser light to measure distances and create detailed three-dimensional maps of the Earth's surface and its features. It operates by emitting laser pulses and measuring the time it takes for the light to return after hitting an object, allowing for precise calculations of distances. LiDAR is widely used in applications such as topographic mapping, forestry, urban planning, and autonomous vehicles, providing high-resolution data for analysis and decision-making. Its ability to capture fine details makes it an essential tool in various scientific and engineering fields.

Growth Driver

LiDAR is extensively utilized in military and defense applications, particularly for 3D imaging. When deploying coalition forces to overseas operational theaters, 3D imagery offers a comprehensive geospatial reference for the terrain. With GEO Elevation, users can rapidly obtain a highly accurate 3D representation of the landscape, regardless of relief or weather conditions, enhancing situational awareness and strategic planning.

Key Players:

Profiles of some of the major players in the global LiDAR market, which include:

SICK AG, Hokuyo Automatic Co. Ltd., VelodyneLidar Inc., Quanergy, Pheonix Aerial Systems

The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global LiDAR market.

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Market Segments:

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviours.

By Component: Laser Scanners, Navigation, MEMS, GPS GNSS Receiver, Camera, Others

By Product: Aerial, Terrestrial, Mobile, Short Range, Others

By Type: Sold State, Pure Play, Mechanical

By Application: Corridor Mapping, Engineering, Environment, ADAS & Driverless Cars, Exploration, Others

By End-User: Aerospace and Defence, Civil Engineering, Archaeology, Forestry & Agriculture, Mining, Automotive and Commercial Transportation, Others

Regional Break out:

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Colombia, Rest of South America

☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel

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