LiDAR Market to Grow at 20.1% CAGR, Boosted by Autonomous Vehicles & Smart Mapping Demand | SICK AG, Hokuyo Automatic Co. Ltd., VelodyneLidar Inc., Quanergy

The Global LiDAR Market is expected to grow at a CAGR of 20.1% during the forecasting period (2024-2031).
The new report on the LiDAR Market, published by DataM Intelligence provides a detailed analysis of market size, share, trends, and growth opportunities from 2024 to 2031. With comprehensive insights into industry dynamics, competitive landscape, and regional developments, this study helps businesses, investors, and stakeholders navigate the fast-evolving market landscape.

Get a Report Sample of LiDAR Market @ https://www.datamintelligence.com/download-sample/lidar-market?ophp

LiDAR (Light Detection and Ranging) is a laser-based remote sensing technology for mapping and 3D modeling. The market is growing with applications in autonomous vehicles, drones, surveying, and defense, supported by cost reductions and miniaturization innovations.

Major growth drivers of the LiDAR Market are:

Growth Drivers:

✦Increasing demand for high-precision data in sectors like autonomous vehicles, forestry, and construction.
✦Advancements in LiDAR technology making it more affordable and accessible.
✦Government and private investments in infrastructure and environmental monitoring.

Challenges:

✦High initial costs of LiDAR equipment and technology.
✦Limited availability of trained personnel to operate LiDAR systems.
✦Data processing complexity and need for advanced software.

This trend is fueling investments and expanding applications across industries. Furthermore, advancements in LiDAR are reshaping the market landscape.

Latest Industry Update from United States and Japan on LiDAR Market:

United States: Recent Industry Developments

✅ In July 2025, Luminar Technologies unveiled its next-gen LiDAR sensor with longer range and improved resolution. The system is designed for autonomous vehicles. It is slated for integration with major automaker platforms in 2026.

✅ In June 2025, Velodyne LiDAR announced a $120 million investment in a new R&D center in California. The facility will accelerate innovation in industrial and mobility applications. It strengthens the U.S. LiDAR technology ecosystem.

✅ In May 2025, Innoviz Technologies partnered with a U.S. logistics company to deploy LiDAR-based safety systems in trucking fleets. The rollout aims to reduce accidents and enhance autonomous logistics capabilities.

Japan: Recent Industry Developments

✅ In July 2025, Panasonic introduced a compact solid-state LiDAR sensor for robotics and smart city projects. The technology enables real-time object detection. It will support Japan's urban mobility initiatives.

✅ In June 2025, Sony announced advancements in LiDAR chips for smartphones and AR devices. The innovation focuses on miniaturization and energy efficiency. Commercial adoption is expected in upcoming product launches.

✅ In May 2025, DENSO partnered with Toyota to integrate high-resolution LiDAR into next-generation autonomous vehicles. The collaboration strengthens Japan's leadership in advanced mobility solutions.

➢ In December 2019 Pepperl+Fuchs launched an R2300 multi-layer scanner; the 3D object detection sensor offers high measurement density with the use of LiDAR laser measurement technology

LiDAR Market Key Companies:

The report profiles leading players shaping the LiDAR Market, including:
SICK AG, Hokuyo Automatic Co. Ltd., VelodyneLidar Inc., Quanergy, Pheonix Aerial Systems among others.
These companies are adopting strategies such as product launches, mergers & acquisitions, and partnerships to expand their market footprint.

Comprehensive Market Segmentation

The LiDAR Market has been segmented to provide a clear understanding of its structure and dynamics. The report categorizes the market by product type, application, end-user industry, and region, offering detailed insights into each segment's growth potential. This segmentation helps stakeholders identify key opportunities, evaluate demand patterns, and develop targeted strategies to strengthen their market position.

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 Outlook Highlighting Growth

• North America: Expected to dominate the LiDAR market due to high technology adoption and strong industry presence.
• Europe: Witnessing steady growth in LiDAR market, supported by sustainability initiatives and regulatory support.
• Asia-Pacific: Anticipated to be the fastest-growing region in the LiDAR Market, led by rising demand in China, India, and Japan.
• Latin America & Middle East/Africa: Emerging LiDAR markets offering untapped opportunities, particularly in LiDAR.

Looking for in-depth insights? Grab the full report: https://www.datamintelligence.com/buy-now-page?report=lidar-market

FAQ
✅ What is the growth forecast for the global LiDAR market?
✅ Which application segments (automotive, mapping, defense) are growing the fastest?
✅ Who are the key companies driving innovations in LiDAR technology?

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