LiDAR Market to Hit USD 6.42 Billion by 2030 with 19.74% CAGR Growth

𝐋𝐢𝐃𝐀𝐑 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐨𝐢𝐬𝐞𝐝 𝐟𝐨𝐫 𝐒𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭 𝐆𝐫𝐨𝐰𝐭𝐡: 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐚𝐧𝐝 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 𝐀𝐜𝐫𝐨𝐬𝐬 𝐊𝐞𝐲 𝐑𝐞𝐠𝐢𝐨𝐧𝐬

The global Light Detection and Ranging (LiDAR) market is experiencing substantial growth, with its valuation reaching USD 1.82 billion in 2023. Projections indicate a robust Compound Annual Growth Rate (CAGR) of 19.74% from 2024 to 2030, anticipating the market to soar to approximately USD 6.42 billion by 2030.

𝐋𝐢𝐃𝐀𝐑 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

LiDAR technology employs laser tools, micro-electro-mechanical systems (MEMS), and GPS transmitters to generate high-quality 3D visual images. Its applications span across various sectors, including automotive, healthcare, aerospace, and defense, contributing significantly to its market expansion. The enhanced spatial resolution of LiDAR facilitates precise distance measurements, benefiting operations such as mining water runoff analysis and hillside change detection.

𝐆𝐫𝐚𝐛 𝐲𝐨𝐮𝐫 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐭𝐨𝐝𝐚𝐲: https://www.maximizemarketresearch.com/request-sample/15107/

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬

𝙇𝙞𝘿𝘼𝙍 𝙈𝙖𝙧𝙠𝙚𝙩 𝙊𝙥𝙥𝙤𝙧𝙩𝙪𝙣𝙞𝙩𝙞𝙚𝙨 𝙞𝙣 𝙑𝙞𝙚𝙩𝙣𝙖𝙢

Vietnam is emerging as a notable player in the LiDAR market, particularly in the importation of LiDAR equipment. The country ranks third globally, following India and the United States, with 11 shipments, indicating a growing interest and investment in LiDAR technology.

𝙇𝙞𝘿𝘼𝙍 𝙈𝙖𝙧𝙠𝙚𝙩 𝙂𝙧𝙤𝙬𝙩𝙝 𝙞𝙣 𝙏𝙝𝙖𝙞𝙡𝙖𝙣𝙙

Thailand is witnessing an increasing adoption of LiDAR technology, driven by advancements in spatial resolution and automation. The technology's application in urban planning and environmental monitoring is fostering market growth within the country.

𝙇𝙞𝘿𝘼𝙍 𝙈𝙖𝙧𝙠𝙚𝙩 𝙏𝙧𝙚𝙣𝙙𝙨 𝙞𝙣 𝙅𝙖𝙥𝙖𝙣

Japan's automotive industry is integrating LiDAR sensors to enhance vehicle navigation and safety features. The focus on autonomous vehicle development is propelling the demand for sophisticated LiDAR systems.

𝙇𝙞𝘿𝘼𝙍 𝙈𝙖𝙧𝙠𝙚𝙩 𝘾𝙤𝙣𝙨𝙤𝙡𝙞𝙙𝙖𝙩𝙞𝙤𝙣 𝙞𝙣 𝙎𝙤𝙪𝙩𝙝 𝙆𝙤𝙧𝙚𝙖

South Korea is experiencing consolidation in the LiDAR market, with key players forming strategic partnerships to advance technological capabilities. This collaboration aims to cater to the growing demand in sectors like automotive and defense.

𝙇𝙞𝘿𝘼𝙍 𝙈𝙖𝙧𝙠𝙚𝙩 𝙐𝙥𝙙𝙖𝙩𝙞𝙤𝙣 𝙞𝙣 𝙎𝙞𝙣𝙜𝙖𝙥𝙤𝙧𝙚

Singapore is updating its urban infrastructure with LiDAR technology, employing it in smart city initiatives and enhancing public safety through improved surveillance systems.

𝙇𝙞𝘿𝘼𝙍 𝙈𝙖𝙧𝙠𝙚𝙩 𝙂𝙧𝙤𝙬𝙩𝙝 𝙞𝙣 𝙩𝙝𝙚 𝙐𝙎

The United States continues to lead in LiDAR technology adoption, particularly in autonomous vehicles. Government approvals for self-driving cars equipped with LiDAR for GPS and navigation purposes are accelerating market growth.

𝙇𝙞𝘿𝘼𝙍 𝙈𝙖𝙧𝙠𝙚𝙩 𝙊𝙥𝙥𝙤𝙧𝙩𝙪𝙣𝙞𝙩𝙞𝙚𝙨 𝙞𝙣 𝘾𝙝𝙞𝙣𝙖

China's rapid industrialization and focus on automation are creating significant opportunities in the LiDAR market. The technology is being utilized extensively in topographical surveys and urban planning.

𝙇𝙞𝘿𝘼𝙍 𝙈𝙖𝙧𝙠𝙚𝙩 𝙏𝙧𝙚𝙣𝙙𝙨 𝙞𝙣 𝙀𝙪𝙧𝙤𝙥𝙚

European countries are integrating LiDAR into environmental monitoring systems. For instance, installations are critical in monitoring volcanic ash emissions that can disrupt air travel routes, showcasing the technology's environmental applications.

𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬

The LiDAR market is witnessing several key developments, including technological advancements leading to superior accuracy in applications like change detection on hillsides and water runoff analysis. However, challenges such as high costs and data accessibility continue to pose obstacles. Despite these challenges, the increasing demand for high-quality 3D imagery, especially in military and civil engineering sectors, is expected to drive market growth.

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐭𝐨 𝐭𝐚𝐤𝐞 𝐚 𝐬𝐧𝐞𝐚𝐤 𝐩𝐞𝐞𝐤? 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐭𝐨 𝐬𝐞𝐞 𝐰𝐡𝐚𝐭'𝐬 𝐢𝐧𝐬𝐢𝐝𝐞: https://www.maximizemarketresearch.com/request-sample/15107/

𝐋𝐢𝐃𝐀𝐑 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

𝙗𝙮 𝘾𝙤𝙢𝙥𝙤𝙣𝙚𝙣𝙩

GPS
Navigation (IMU)
Laser Scanners
Mobile & UAV

The LiDAR market is divided into two segments based on installation: airborne and ground-based. As more aerial mapping equipment is employed, the market is anticipated to grow at a compound annual growth rate (CAGR) throughout the projected years, with the airborne segment holding the greatest share. Photogrammetry is supplanted by aerial LiDAR as a precise and comprehensive method for creating digital elevation models. This technology offers a larger coverage area and better accuracy than its terrestrial counterparts. It makes it possible to map an area in greater detail in less time. 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 aid of a tripod and balancing assembly.

𝙗𝙮 𝙏𝙮𝙥𝙚

Mechanical LiDAR
Solid-State LiDAR

𝙗𝙮 𝙄𝙣𝙨𝙩𝙖𝙡𝙡𝙖𝙩𝙞𝙤𝙣

Airborne
Ground-Based

𝙗𝙮 𝙀𝙣𝙙-𝙐𝙨𝙚𝙧

Defense and Aerospace
Civil Engineering
Archaeology
Forestry and Agriculture
Mining Industry
Transportation

The LiDAR market is divided into four segments based on component: GPS, Navigation (IMU), Laser Scanners, and Mobile & UAV. In order to provide a return signal strength that can help distinguish objects with varying reflectivities, laser scanners record an intensity value. A 2D point cloud created by LiDAR data from a laser scanner can be utilised for object and environment modelling, mapping, and localisation. The market for laser scanners is anticipated to increase significantly throughout the projected period, with a compound annual growth rate (CAGR) of 15.2%. Over the course of the projection period, the LiDAR market is predicted to develop significantly as a result of lower laser technology costs that will allow 3D scanning to find new applications.

𝐋𝐨𝐨𝐤𝐢𝐧𝐠 𝐟𝐨𝐫 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬? 𝐂𝐡𝐞𝐜𝐤 𝐨𝐮𝐭 𝐭𝐡𝐞 𝐬𝐮𝐦𝐦𝐚𝐫𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 𝐟𝐨𝐫 𝐤𝐞𝐲 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬: https://www.maximizemarketresearch.com/request-sample/15107/

𝐋𝐢𝐃𝐀𝐑 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐚𝐫𝐞:

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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