The Global LiDAR Market Size is to Grow from USD 1.5 Billion in 2021 to USD 4.83 Billion by 2030, at a Compound Annual Growth Rate (CAGR) of 13.8% during the forecast period.
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LiDAR technology has found widespread application in various industries, revolutionizing mapping precision and enabling diverse functionalities across sectors like laser navigation, ALSM, laser altimetry, archaeology, geography, geology, and more. Its usage spans environmental mapping, automotive safety, construction, and architecture, among other fields, propelling market growth.
Compared to earlier iterations, LiDAR advancements empower professionals in oil, gas, and mining to assess natural and manmade environments with unparalleled precision, resolution, and mobility. The surge in LiDAR technology adoption in UAVs for videography, engineering, threat detection, and other applications is a key driver for market expansion. Factors such as the integration of LiDAR systems in UAVs, its application in engineering and construction, the advent of 4D LiDAR, relaxed regulations for commercial drone use, and other developments are anticipated to further drive market growth.
The market is segmented based on components, with the laser scanner segment commanding a significant 43% revenue share due to substantial investments in cost-effective, high-volume scanning components and the elimination of associated constraints. Regarding installation types, the airborne segment holds the largest market share, likely to continue its dominance owing to increased adoption for aerial mapping. Airborne LiDAR facilitates swift data capture, ideal for monitoring, inspection, and tracking purposes. Moreover, it stands as an accurate method for constructing digital elevation representations.
In terms of applications, the robotic vehicle segment leads the market with over 45% revenue share, driven by the growing integration of LiDAR technology in robotic automobiles, AGVs, unmanned vehicles, and drones. This increased implementation fuels market demand across the forecast period. The LiDAR market’s evolution across these segments showcases its diverse applications and continued technological advancements, setting the stage for further growth and innovation in various industries.
Key Market Segments:
LiDAR Market, Component Analysis
- Laser Scanner
- Sensors
- Navigation & Positioning Systems
- Others
LiDAR Market, Type Analysis
- Solid State
- Mechanical
Major listed Vendors: Sick AG, YellowScan, Valeo, GeoDigital, Faro Technologies, Inc., Airborne Hydrography AB, Trimble Navigation Limited, RIEGL USA, Inc., Xenomatrix, OSRAM, Denso Corporation, GeoSLAM Ltd., Leica Geosystems Holdings AG, Firmatek LLC, Velodyne LiDAR, Inc., Teledyne Optech Incorporated, Quantum Spatial, Inc., Mira Solutions Inc., Beijing SureStar Technology Co. Ltd., HEXAGON, Aerometric Surveys and other key venders.
By region:
- North America (US, Canada, Mexico)
- Europe (Germany, UK, France, Italy, Spain, Russia, Rest of Europe,)
- Asia Pacific (China, Japan, India, South Korea, Australia, and Rest of Asia Pacific)
- South America (Brazil, Argentina, and Rest of South America)
- Middle East & Africa (UAE, Saudi Arabia, Qatar, South Africa, and Rest of Middle East & Africa)
Competitive analysis:
The competitive analysis section of the Global LiDAR Market research report provides a detailed study of the competitive landscape within the market. It aims to identify and assess key market players, their strategies, and their impact on overall market dynamics. Each company’s profile provides insight into its business profile, product portfolio, geographic presence, and recent developments. This information helps stakeholders to gain a comprehensive understanding of market participants and their capabilities.
In addition, competitive analysis examines the market share held by each major player and assesses their position within the market. Assessing relative market strength considers factors such as revenue, market capitalization, and market share growth over time. By understanding the distribution of market shares, industry participants can identify key players and their market power.
Browse key industry insights spread across 200 pages with 105 market data tables and figures & charts from the report on the “Global LiDAR Market Size, Share, and COVID-19 Impact Analysis, By Component (Laser Scanner, Sensors, Navigation & Positioning Systems, Others), By Type (Solid State, Mechanical), By Installation Type (Airborne, Terrestrial, Mobile & UAV), By Application (Corridor Mapping, Engineering, Environment, Robotic Vehicles, Advanced Driver Assistance Systems, Exploration, Urban Planning, Cartography, Meteorology, Other Applications), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2021 – 2030.”
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Global LiDAR Market research report aims to answer the following key questions:
- What are the main products/services offered in the market and how are they evolving to meet changing consumer demands?
- What are the key technological advances and innovations impacting the market and how will they affect the competitive landscape?
- What are the key distribution channels and marketing strategies market players employ to effectively reach their target audience?
- What are the price trends in the market, and how do prices change across different product segments and geographies?
- How will changing demographic patterns, such as age groups and income levels, affect consumer behaviour and market demand?
- What are the key cost factors and factors that influence the profitability of companies in the Global LiDAR Market?
- How will sustainability and environmental considerations affect consumer preferences and market growth in this sector?
- What are the investment opportunities and challenges for new entrants and investors looking to enter the market?
- How do government policies and regulations impact market dynamics and shape industry strategies?
- What are the current supply chain trends and challenges in the market, and how do they affect product availability and pricing?
- What are the levels of customer satisfaction and loyalty within the market, and how do market participants differentiate in terms of service quality?
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