Press release
Rising Integration of LiDAR in Autonomous Vehicles and Urban Infrastructure Development 2025-2033
The global LiDAR Market reached a size of USD 3.1 Billion in 2024. Forecasts project a market value of USD 13.3 Billion by 2033, recording a CAGR of 17.66% from 2025 to 2033. Growth drivers include autonomous vehicle demand, urban population increase, and precision agriculture advancements. This market expansion is supported by the adoption of 3D imaging technologies and improved LiDAR scanner capabilities.
Study Assumption Years
Base Year: 2024
Historical Year/Period: 2019-2024
Forecast Year/Period: 2025-2033
LiDAR Market Key Takeaways
• Current Market Size: USD 3.1 Billion in 2024
• CAGR: 17.66% during 2025-2033
• Forecast Period: 2025-2033
• Increasing adoption of LiDAR in autonomous vehicles due to precise 360-degree environmental mapping.
• North America holds the largest market share driven by regulatory support and established technology providers.
• Laser scanners are the dominant component segment due to their essential role in navigation and obstacle detection.
• Corridor mapping is the leading application, valued for infrastructure surveying with high precision.
• Challenges include lack of awareness about LiDAR systems, while opportunities lie in AI integration.
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Market Growth Factors
The demand for autonomous vehicles (AVs) is a principal driver of the LiDAR market. In 2023, the global AV market reached USD 81.0 Billion. AVs utilize LiDAR sensors alongside other technologies to create real-time 360-degree views, enabling precise distance measurements for safe navigation in complex environments and adverse weather. This rising need for safety and navigation accuracy fuels LiDAR adoption.
The growing urban population, estimated by the World Bank at around 50% in 2023, creates a strong need for improved transportation systems and traffic management. LiDAR technology aids urban planners by providing detailed 3D mapping of road networks, pedestrian flows, and infrastructure. This assists in optimizing traffic signals, designing safer intersections, and planning efficient public transit, fostering LiDAR market growth.
Precision agriculture is increasingly adopting LiDAR to enhance sustainable farming practices. LiDAR provides exact measurements for planting and harvesting, improving row alignment and crop maturity assessments. This reduces input usage, limits environmental impact, and boosts resource efficiency. The global precision agriculture market is forecasted to reach USD 20.2 Billion by 2032, supporting the expanding LiDAR market.
Market Segmentation
Breakup by Installation Type:
• Airborne: Installed on aircraft or drones to cover large terrain areas quickly with high precision, suitable for topographic mapping, land surveying, urban planning, and forestry.
• Terrestrial: Ground-based, mounted on tripods or vehicles for detailed 3D data capture of stationary objects, used in surveying, urban planning, infrastructure monitoring, and heritage preservation.
Breakup by Component:
• Laser Scanners: Emit laser beams to measure reflected light time, creating detailed 3D environment maps. Crucial in automotive applications like AVs and ADAS for navigation and obstacle detection.
• Navigation Systems: Not further detailed in source.
• Global Positioning Systems: Not further detailed in source.
• Others: Not further detailed in source.
Breakup by Application:
• Corridor Mapping: Focuses on linear infrastructure such as roads, highways, railways, pipelines, and power lines with high-resolution 3D data for design, construction, and maintenance.
• Engineering: Not further detailed in source.
• Environment: Not further detailed in source.
• Exploration: Not further detailed in source.
• ADAS: Advanced Driver Assistance Systems, important for vehicle safety and automation.
• Others: Not further detailed in source.
Regional Insights
North America leads the LiDAR market, holding the largest market share. This dominance is attributed to a strong regulatory framework favoring autonomous vehicle mapping, a large base of established LiDAR technology providers, and increased demand across sectors such as automotive, aerospace, defense, and agriculture. Increasing vehicle sales, such as a 6.6% rise in Canada's light vehicle market to 1.64 million units in 2021, further drive regional growth.
Recent Developments & News
• September 1, 2022: Faro Technologies, Inc. acquired UK-based GeoSLAM, a mobile scanning solutions provider with proprietary SLAM software for 3D digital twin models.
• November 17, 2022: Velodyne Lidar, Inc. entered a multi-year agreement to supply LiDAR sensors to GreenValley International for handheld, mobile, and UAV 3D mapping, including GPS-denied areas.
Key Players
• Faro Technologies Inc
• Innoviz Technologies Ltd.
• LeddarTech Inc.
• Leica Geosystems AG (Hexagon AB)
• NV5 Global Inc.
• Quanergy Systems Inc.
• RIEGL Laser Measurement Systems GmbH
• Sick AG
• Teledyne Technologies Inc
• Trimble Inc.
• Valeo
• Velodyne Lidar Inc.
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About Us
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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