PUBLISHER: IMARC | PRODUCT CODE: 1291588
PUBLISHER: IMARC | PRODUCT CODE: 1291588
LiDAR Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global LiDAR market size reached US$ 2.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.0 Billion by 2028, exhibiting a growth rate (CAGR) of 20.9% during 2023-2028. The increasing sales of AVs, rising construction activities, and the growing number of mining activities represent some of the key factors driving the market.
Light detection and ranging (LiDAR) is a remote sensing technology that uses laser light to measure distances and create precise 3D models of environments. Its system comprises a laser, scanner, and specialized GPS receiver that operates by targeting an object with a pulsed laser and calculating the time taken for the reflected light to return to the receiver. Its sensors can scan large areas quickly, detect obstacles and prevent accidents. It can be mounted on various platforms, including a tripod, aircraft, helicopter, drone, vehicle, and train. It is used for examining, detecting, and mapping of objects due to its high precision, low cost, and enhanced features as compared to conventional methods. It is also utilized to quickly assess damage to infrastructure after a disaster, such as a hurricane or an earthquake.
LiDAR Market Trends:
LiDAR is employed in the automotive industry to detect and track lane markings, which can be used for lane departure warnings and lane keeping assistance, measuring the distance between vehicles, and adjusting the speed of the vehicle accordingly. This, coupled with the increasing sales of autonomous vehicles (AVs) on account of rapid urbanization and inflating income levels, represents one of the major factors bolstering the market growth around the world. Moreover, the rising construction activities of roads, bridges, and tunnels on account of the growing global population and increasing investments in the development of smart cities are influencing the market positively. In addition, the rising use of LiDAR in energy production to survey sites for renewable energy projects, such as wind farms and solar power plants, is favoring the growth of the market. Apart from this, the growing usage of LiDAR systems in the aerospace and defense industries for tracking low flying aircraft, as they can accurately measure the dimension and distance of the target and perform efficiently in all weather conditions, is creating a positive outlook for the market. Furthermore, there is an increase in the adoption of LiDAR in the mining industry for mapping underground tunnels and identifying potential safety hazards. This, along with the rising number of mining activities, is propelling the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global LiDAR market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on installation type, component and application.
Installation Type Insights:
Airborne
Terrestrial
The report has provided a detailed breakup and analysis of the LiDAR market based on the installation type. This includes airborne and terrestrial.
Component Insights:
Laser Scanners
Navigation Systems
Global Positioning Systems
Others
A detailed breakup and analysis of the LiDAR market based on the component has also been provided in the report. This includes laser scanners, navigation systems, global positioning systems, and others. According to the report, laser scanners accounted for the largest market share.
Application Insights:
Corridor Mapping
Engineering
Environment
Exploration
ADAS
Others
The report has provided a detailed breakup and analysis of the LiDAR market based on the application. This includes corridor mapping, engineering, environment, exploration, ADAS, and others. According to the report, corridor mapping represented the largest segment.
Regional Insights:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America (the United States and Canada) was the largest market for LiDAR. Some of the factors driving the North America LiDAR market included extensive research and development (R&D) activities, government initiatives, technological advancements, etc.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global LiDAR market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include 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., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report
1. What was the size of the global LiDAR market in 2022?
2. What is the expected growth rate of the global LiDAR market during 2023-2028?
3. What are the key factors driving the global LiDAR market?
4. What has been the impact of COVID-19 on the global LiDAR market?
5. What is the breakup of the global LiDAR market based on the component?
6. What is the breakup of the global LiDAR market based on the application?
7. What are the key regions in the global LiDAR market?
8. Who are the key players/companies in the global LiDAR market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global LiDAR Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Installation Type
- 6.1 Airborne
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Terrestrial
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Component
- 7.1 Laser Scanners
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Navigation Systems
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Global Positioning Systems
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Others
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
8 Market Breakup by Application
- 8.1 Corridor Mapping
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Engineering
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Environment
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Exploration
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 ADAS
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Others
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Faro Technologies Inc
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.2 Innoviz Technologies Ltd.
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.3 LeddarTech Inc.
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 Leica Geosystems AG (Hexagon AB)
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 NV5 Global Inc.
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.6 Quanergy Systems Inc.
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 RIEGL Laser Measurement Systems GmbH
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 Sick AG
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Teledyne Technologies Inc
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.10 Trimble Inc.
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.11 Valeo
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.11.4 SWOT Analysis
- 14.3.12 Velodyne Lidar Inc.
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.1 Faro Technologies Inc
List of Figures
- Figure 1: Global: LiDAR Market: Major Drivers and Challenges
- Figure 2: Global: LiDAR Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: LiDAR Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: LiDAR Market: Breakup by Installation Type (in %), 2022
- Figure 5: Global: LiDAR Market: Breakup by Component (in %), 2022
- Figure 6: Global: LiDAR Market: Breakup by Application (in %), 2022
- Figure 7: Global: LiDAR Market: Breakup by Region (in %), 2022
- Figure 8: Global: LiDAR (Airborne) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: LiDAR (Airborne) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: LiDAR (Terrestrial) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: LiDAR (Terrestrial) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: LiDAR (Laser Scanners) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: LiDAR (Laser Scanners) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: LiDAR (Navigation Systems) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: LiDAR (Navigation Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: LiDAR (Global Positioning Systems) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: LiDAR (Global Positioning Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: LiDAR (Other Components) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: LiDAR (Other Components) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: LiDAR (Corridor Mapping) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: LiDAR (Corridor Mapping) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: LiDAR (Engineering) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: LiDAR (Engineering) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: LiDAR (Environment) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: LiDAR (Environment) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: LiDAR (Exploration) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: LiDAR (Exploration) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: LiDAR (ADAS) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: LiDAR (ADAS) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Global: LiDAR (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Global: LiDAR (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: North America: LiDAR Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: North America: LiDAR Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: United States: LiDAR Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: United States: LiDAR Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Canada: LiDAR Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Canada: LiDAR Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Asia-Pacific: LiDAR Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Asia-Pacific: LiDAR Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: China: LiDAR Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: China: LiDAR Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Japan: LiDAR Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Japan: LiDAR Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: India: LiDAR Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: India: LiDAR Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: South Korea: LiDAR Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: South Korea: LiDAR Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Australia: LiDAR Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Australia: LiDAR Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Indonesia: LiDAR Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Indonesia: LiDAR Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Others: LiDAR Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Others: LiDAR Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Europe: LiDAR Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Europe: LiDAR Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Germany: LiDAR Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Germany: LiDAR Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: France: LiDAR Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: France: LiDAR Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: United Kingdom: LiDAR Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: United Kingdom: LiDAR Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Italy: LiDAR Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Italy: LiDAR Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Spain: LiDAR Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Spain: LiDAR Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Russia: LiDAR Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Russia: LiDAR Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Others: LiDAR Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Others: LiDAR Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Latin America: LiDAR Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Latin America: LiDAR Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Brazil: LiDAR Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Brazil: LiDAR Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Mexico: LiDAR Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Mexico: LiDAR Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Others: LiDAR Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Others: LiDAR Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 78: Middle East and Africa: LiDAR Market: Sales Value (in Million US$), 2017 & 2022
- Figure 79: Middle East and Africa: LiDAR Market: Breakup by Country (in %), 2022
- Figure 80: Middle East and Africa: LiDAR Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 81: Global: LiDAR Industry: SWOT Analysis
- Figure 82: Global: LiDAR Industry: Value Chain Analysis
- Figure 83: Global: LiDAR Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: LiDAR Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: LiDAR Market Forecast: Breakup by Installation Type (in Million US$), 2023-2028
- Table 3: Global: LiDAR Market Forecast: Breakup by Component (in Million US$), 2023-2028
- Table 4: Global: LiDAR Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 5: Global: LiDAR Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: LiDAR Market: Competitive Structure
- Table 7: Global: LiDAR Market: Key Players
