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2025-2034 LiDAR Market Outlook: Key Drivers, Emerging Challenges, and Strategic Insights

11-07-2025 08:51 AM CET | IT, New Media & Software

Press release from: The Business Research Company

LiDAR Market

LiDAR Market

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What Will the LiDAR Industry Market Size Be by 2025?
In recent times, the lidar market has seen a significant growth in its size. It is projected to expand from $2.54 billion in 2024 to $3 billion in 2025, indicating a compound annual growth rate (CAGR) of 17.9%. This increase in the historical duration can be associated with several factors such as automotive safety regulations, a rising demand for lidar in areas like topographic mapping, agriculture and forestry, an upsurge in military and defense sectors, and the development of smart cities and infrastructure.

What's the Long-Term Growth Forecast for the LiDAR Market Size Through 2029?
The lidar market is forecasted to experience remarkable growth in the upcoming years, with its size expected to swell to $5.91 billion by 2029, expanding at a compound annual growth rate (CAGR) of 18.5%. Numerous factors are contributing to this anticipated growth over the forecast period including the ongoing development and market penetration of self-driving vehicles, the rising interest in utilizing lidar for environmental monitoring, and the increasing incorporation of lidar in robotics and automation. There is also an increasing prevalence of novel and innovative applications of lidar and its expanding use in 3D scanning and modeling. Major trends predicted for the forecast period comprise the development of solid-state lidar, integration of multiple sensors, geospatial and mapping applications, environmental lidar applications, and the marriage of artificial intelligence (AI) with lidar.

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What Are the Key Growth Drivers Fueling the LiDAR Market Expansion?
The LiDAR market is predicted to experience significant growth due to the increasing demand for 3D imaging. This technique transforms 2D data into a 3-dimensional format to create an impression of depth in an image. For example, in February 2024, the Department of Health in Ireland released National Healthcare Statistics 2024 indicating that in 2023, there were a total of 102 operational CT scanners, 9 PET scanners, 29 gamma cameras, and 51 radiation therapy equipment in Ireland. Alongside this, there were 89 functioning MRI units, of which 84.3% were being utilized within hospitals. Hence, the growing requirement for 3D imaging is propelling the LiDAR market.

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What Are the Key Trends Driving LiDAR Market Growth?
Key players in the LiDAR market are prioritising the evolution of technology, such as refined resolution, in order to deliver superior imaging. The term high-resolution technology encompasses various innovations in image capturing and data interpretation that facilitate enhanced detail and precision. For example, in January 2024, Ommatidia LIDAR, a semiconductor fabrication corporation based in Spain, unveiled ANT LiDAR, which was developed to enrich multiple applications significantly. The state-of-the-art LiDAR technology included in this product is built around a high-capacity parallel, frequency-modulated continuous wave (FMCW) sensor that delivers unprecedented resolution and scalability for large-scale markets. Its ground-breaking flood illumination method reaches beyond 300 meters while ensuring eye safety, making it perfectly suited to automotive applications. Its compact shape and reduced power usage enable it to be incorporated into a variety of platforms, such as drones and satellites.

How Is the LiDAR Market Segmented?
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 Companies Are Leading the Charge in LiDAR Market Innovation?
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.

Which Regions Are Leading the Global LiDAR Market in Revenue?
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.

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With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

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