Growing 3D Imaging Demand Fuels Lidar Market Growth: A Key Driver Powering LiDAR Market Growth In 2025

The LiDAR Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Current LiDAR Market Size and Its Estimated Growth Rate?
The LiDAR industry has witnessed an accelerated expansion in the past few years. The market size is projected to rise from $2.54 billion in 2024 to $3.03 billion in 2025, with a compound annual growth rate (CAGR) of 19.1%. The growth during the historic period can be linked to factors such as automotive safety rules, rising demand for lidar in a range of applications like topographic mapping, agriculture and forestry, as well as the growth in the military and defense sectors, and the development of smart cities and infrastructure.

It is anticipated that the LiDAR market will experience a substantial expansion in the upcoming years, growing to a projection of $6.08 billion in 2029 with a compound annual growth rate (CAGR) of 19.0%. The expected growth in this forecast period can be credited to the ongoing development and marketization of autonomous vehicles, increasing adoption of LiDAR for environmental monitoring, and the rising incorporation of LiDAR into robotics and automation. Other contributing factors include the introduction of new and advanced LiDAR applications, along with the augmenting use of LiDAR for 3D scanning and modelling. Key trends to watch in this forecast period are solid-state LiDAR, integration of multiple sensors, geospatial and mapping, environmental LiDAR, as well as the intersection of artificial intelligence (AI) and LiDAR.

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How Are Emerging Segments Shaping the LiDAR Market Landscape?
The LiDAR market covered in this report is segmented -

1) By Component: Laser Scanner, Navigation and Positioning Systems, Other Components
2) By Type: Terrestrial, Aerial, Mobile
3) By Technology: 2D, 3D, 4D
4) By Applications: Mapping and Cartography, ADAS (Advanced Driver-Assistance System), Environment, Exploration and Detection, Other Applications
5) By End User: Defense and Aerospace, Civil Engineering, Archaeology, Forestry and Agriculture, Mining, Transportation

Subsegments:
1) By Laser Scanner: Airborne Laser Scanners, Terrestrial Laser Scanners, Mobile Laser Scanners
2) By Navigation And Positioning Systems: GPS Receivers, Inertial Measurement Units (IMUs), Control Software
3) By Other Components: Photodetectors, Optical Systems, Data Storage And Processing Units

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Which Growth Factors Are Influencing LiDAR Market Expansion?
The LiDAR market is anticipated to grow, propelled by the increasing requirement for 3D imaging. This technique, which converts 2D data into a three-dimensional format to give depth to an image, is seeing a surge in demand. For example, the National Healthcare Statistics 2024 by the Department of Health in Ireland revealed that in 2023, Ireland was home to 102 CT scanners, 9 PET scanners, 29 gamma cameras, and 51 radiation therapy equipment that were active. Also, 89 MRI units were operational, with 84.3% employed in hospital environments. Consequently, this growing demand for 3D imaging is driving the LiDAR market.

Who Are the Dominant Players Across Different LiDAR Market Segments?
Major companies operating in the LiDAR market include Velodyne GmbH, Leica Geosystems AG, LEOSPHERE SAS, HEXAGON AB, GeoSLAM Ltd., Firmatek LLC, RIEGL Laser Measurement Systems GmbH, Mira Solutions Inc., Aerometric Surveys SA, Airborne Hydrography AB, Faro Technologies Inc., Phoenix LiDAR Systems, Innoviz Technologies Ltd., Waymo LLC, Valeo SA, Neptec Technologies Corp., ZX LIDARS, SICK AG, Quanergy Systems Inc., Teledyne Optech Inc., Trimble Inc., NV5 Global Inc., Huawei Technologies Co. Ltd., Ouster Inc., Luminar Inc., Aeva Technologies Inc., Beijing SureStar Technology Co. Ltd., Quantum Spatial India Private Limited, Topcon Positioning Systems, Cepton Technologies Inc., Optris GmbH, YellowScan Inc., Livox Tech Ltd.

What Are the Latest Developing Trends in the LiDAR Market?
In an effort to advance technology in the LiDAR market, leading businesses are concentrating on pioneering breakthroughs like high-resolution imaging. This high-resolution technology relates to enhancements in imaging and data display, resulting in superior detail, sharpness, and precision. For example, in January 2024, Ommatidia LIDAR, a semiconductor manufacturer based in Spain, introduced ANT LiDAR, aiming to offer considerable advancements across different applications. This cutting-edge LiDAR technology comprises a massively parallel, frequency-modulated continuous wave (FMCW) sensor, delivering unparalleled resolution and expandability for high-demand markets. Its inventive flood illumination method elongates detection range over 300 meters, ensuring eye safety and making it perfect for automotive usage. Given its compact size and low power demand, it can be incorporated into a range of platforms, including drones and satellites.

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Which Geographic Regions Are Expected to Dominate the LiDAR Market in the Coming Years?
North America was the largest region in the LiDAR market in 2024. Asia-Pacific is expected to be the fastest-growing region in the LiDAR market share during the forecast period. The regions covered in the LiDAR market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the LiDAR Market?
2. What is the CAGR expected in the LiDAR Market?
3. What Are the Key Innovations Transforming the LiDAR Industry?
4. Which Region Is Leading the LiDAR Market?

Why This Report Matters:

Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.

Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.

Efficient Research: Quickly identify market growth, leading players, and major segments.

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