LiDAR Market to Grow Rapidly Amid Rising Demand in Automotive & Smart Cities - Major Companies are SICK AG, Hokuyo Automatic Co. Ltd., VelodyneLidar Inc.

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

LiDAR market holds a leading position in the industry and is thoroughly examined in the DataM Intelligence study, which provides a comprehensive analysis supported by robust statistics, historical data, and actionable insights. The report evaluates key industry players by analyzing their product portfolios, pricing strategies, financial performance, and expansion initiatives. It offers a clear understanding of market dynamics, competitive positioning, and the emerging trends shaping the industry's future.

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LiDAR (Light Detection and Ranging) is a remote sensing technology that uses laser light to measure distances and create high-resolution 3D maps. It is widely used in autonomous vehicles, topographic mapping, and forestry. LiDAR sensors provide precise spatial data even in low-light conditions. Advancements are making LiDAR systems smaller, cheaper, and more efficient. The technology is a key enabler for future smart cities and mobility solutions.

Leading Companies Operating in the LiDAR Market:

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


Research Process:

Our research methodology combines both qualitative and quantitative approaches to provide you with a thorough market analysis. We begin by gathering data from trusted industry reports and databases (secondary research), followed by primary research through surveys and interviews with key experts. We then apply advanced statistical tools to analyze the data, uncover trends, and assess market dynamics. Additionally, we use market segmentation and Porter's Five Forces analysis to evaluate competition. This approach ensures that the insights we provide are reliable, actionable, and tailored to support your decision-making process.

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Segment Covered in the LiDAR Market:

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 Analysis for LiDAR Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

LiDAR Industry Development:

❁ In December 2019, Pepperl+Fuchs introduced the R2300 multi-layer scanner, a cutting-edge 3D object detection sensor powered by LiDAR laser measurement technology. The R2300 offers high measurement density, enabling precise detection and mapping of objects, which is crucial in applications such as robotics, automation, and industrial systems. Both developments highlight the rapid progress in LiDAR technology, driving innovation in various fields.

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, Market Access, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of LiDAR market?

➠ Who are the global key manufacturers of the LiDAR Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the LiDAR market opportunities and threats faced by the vendors in the global LiDAR Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the LiDAR market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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