LiDAR Market by Technology (2D LiDAR, 3D LiDAR, 4D LiDAR), Component, Service, Type, End-Use Application

List of Tables

[181 Pages Report] The LiDAR Market size was estimated at USD 1.62 billion in 2023 and expected to reach USD 1.84 billion in 2024, at a CAGR 15.98% to reach USD 4.57 billion by 2030.

Light detection and ranging (LiDAR) is an advanced remote sensing system that detects, identifies, and creates a precise 3-D virtual image of an object. It enables the creation of 3D and 2D images with the help of a high-intensity laser tool, microelectromechanical system (MEMS) scanner, and GPS transceiver. With increased demand from 3D modeling, government initiatives, and significant investments, the LiDAR market has shown continued growth, making it appealing to startups interested in developing UAVs equipped with this technology. However, high costs of ownership and safety concerns pose challenges to the market's growth and hamper its accuracy during extreme weather events or climate disasters. Despite these challenges, advancements in mobile applications combined with AI & IoT integration create a new arena of opportunities for the market to grow in the near future. Additionally, the increasing investment in LiDAR startups by automotive giants and technological shifts with the adoption of solid-state, MEMS, flash LiDAR, and other LiDAR technologies present future opportunities for market growth.

KEY MARKET STATISTICS
Base Year [2023]	USD 1.62 billion
Estimated Year [2024]	USD 1.84 billion
Forecast Year [2030]	USD 4.57 billion
CAGR (%)	15.98%

Technology: Growing deployment of 4D LiDAR for advanced safety-critical applications

2D LiDAR sensors scan across a single plane and are predominantly used for measuring distances and mapping out flat surfaces. They are simpler and cheaper compared to their 3D and 4D counterparts. These sensors are widely used for obstacle detection, level monitoring, and basic measurement tasks in industrial automation and robotics. 3D LiDAR systems capture a three-dimensional view of the environment by emitting and detecting thousands of laser lights. It produces detailed 3D maps for various active applications, including autonomous vehicles, robotics, advanced automation, and smart cities. 3D LiDAR is instrumental in scenarios that demand high accuracy, detail, and volume measurements. 4D LiDAR is an evolution of 3D LiDAR with an added dimension of time. It enables the perception of three-dimensional space along with capturing the velocity of objects, effectively tracking motion and changes over time, which is crucial in dynamic environments. The additional dimension of movement tracking makes 4D LiDAR exceptionally reliable for advanced safety-critical applications, such as autonomous vehicle navigation in complex and unpredictable circumstances.

Component: Higher demand for lasers with high performance and safety standards

The GPS receiver is a crucial component of a LiDAR system as it provides precise geolocation data, which is essential for mapping applications. The GPS receiver determines the exact position and orientation of the LiDAR sensors during the data acquisition process, allowing for the accurate georeferencing of the captured LiDAR data. The laser is the central part of a LiDAR system, emitting light pulses that travel to the target and back. Its characteristics, such as wavelength, power, pulse rate, and beam divergence, directly impact the measurement range, resolution, and the ability to detect objects with varying reflectivity. The scanner in a LiDAR system is responsible for directing the emitted laser pulses across the survey area and capturing the reflected light. The design of the scanner affects the speed, resolution, and field of view of the LiDAR system. Applications requiring high-resolution imaging, including urban planning, may prefer a scanner with a high scan rate and adaptive field of view. Simultaneously, large-scale topography might benefit from a long-range scanner with a broad field of view.

Service: High preferences for aerial LiDAR for rapid coverage and minimizing the need for ground interventions

Aerial surveying involves using LiDAR systems mounted on aircraft or drones to capture high-resolution images and generate precise 3D models of the Earth's surface and features. It is preferred in scenarios where large areas need to be surveyed swiftly, such as in agriculture, forestry, flood modeling, and urban planning. It is ideal for hard-to-reach terrains, extensive land areas, and environments that require minimal human intervention for safety reasons. LiDAR is employed in asset management to support the monitoring, maintenance, and inventory of infrastructure and utilities such as power lines, pipelines, and transportation networks. This service segment ensures the safety, operational efficiency, and longevity of assets. Geographic information system (GIS) services use LiDAR data to improve decision-making across urban planning, environmental conservation, and disaster management. This service assists in detailed topographic mapping, change detection, and spatial analysis. Ground-based surveying is preferred for projects requiring extremely high precision, such as in construction, mining, and heritage preservation. ground-based LiDAR is preferred when intricate detail is required for small to medium-sized areas.

End-Use Application: Significant benefits of LiDAR in defence & military sector

In the agriculture and forestry sector, LiDAR is utilized for various applications, including precision farming, forest management, and soil erosion control. The technology assists in creating detailed topographic maps, assessing crop health and vegetation, and optimizing water management. LiDAR technology plays a crucial role in the advancement of autonomous vehicles within the automotive and transportation industry. Its preference is based on the necessity for high-resolution, real-time data for safe navigation. LiDAR is vital in the building and construction industry for the detailed surveying of land and existing structures, as well as for the planning and design phase. The preference for terrestrial LiDAR systems is often due to their precision in capturing detailed measurements. The defense and military sectors utilize LiDAR for terrain mapping, surveillance, and the detection of hostile elements. Deployed via ground vehicles, aircraft, or satellites, the preference here is for systems that offer robust performance in various environmental conditions. LiDAR is used in the energy and utility sector for the management of infrastructure and natural resources, including the mapping of power line corridors and wind farm optimization. The need for precision and wide coverage area makes aerial LiDAR systems particularly beneficial.

Regional Insights

The LiDAR market in the Americas has been experiencing robust growth, driven largely by advancements in autonomous vehicle technology and the adoption of LiDAR in the construction, mining, and agriculture industries. The presence of established players and technology firms actively investing in research and development has further stimulated market progress. Market penetration in North America, particularly the United States, is a significant contributor to the overall performance in the Americas. In Europe, the LiDAR market is showing a steady increase, with the wide acceptance of LiDAR technology in automotive applications, environmental monitoring, and topographical surveys. The market is also getting a boost from the public sector through infrastructure development initiatives and smart city projects. Meanwhile, the Middle East and Africa are emerging markets with potential growth attributed to increased awareness and gradual adoption of the technology in various sectors. The APAC is witnessing a rapid growth phase in the LiDAR market, fueled by escalating demand in China, Japan, South Korea, and India. The region's growth is influenced by the expansion of automotive industries, significant investment in smart city and infrastructure projects, and a surge in environmental monitoring practices. Moreover, the support from governments in the region for technological innovations in the transportation and construction sectors is propelling the adoption of LiDAR systems.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the LiDAR Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the LiDAR Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the LiDAR Market, highlighting leading vendors and their innovative profiles. These include Aeva Inc., AEye, Inc., Avnet, Inc., Baraja Pty Ltd., BEAMZ LiDAR Inc., Beijing SureStar Technology Co. Ltd., Blickfeld GmbH, Cepton, Inc., dSPACE GmbH, FARO Technologies, Inc., Geokno India Private Limited by GMR Group, Hypersen Technologies Co., Ltd., Innoviz Technologies Ltd., Innovusion, Inc., Integrated Optics, UAB, Jabil Inc., Jenoptik AG, L3Harris Technologies, Inc., Leddartech Inc., Leica Geosystems AG by Hexagon AB, Leishen Intelligent Systems Co., Ltd, Livox Technology Company Limited Co., Ltd., Luminar Technologies Inc., Mapix Technologies Ltd., MicroVision, Inc., Mouser Electronics, Inc., MVT Geo-Solutions, Neptec Technologies Corp., Neuvition Technology, NV5 Global, Inc., Ouster, Inc., Pepperl+Fuchs Inc., PHB Corp., Phoenix LiDAR Systems, Quanergy Systems, Inc., RedTail LiDAR Systems by 4D Tech Solutions, Inc., RIEGL Laser Measurement Systems GmbH, SemiNex Corporation, Sick AG, Teledyne Technologies Incorporated, TOP-electronics, Topcon Positioning Systems, Inc., Trimble, Inc., Vaisala, Valeo S.A., Velodyne Lidar, Inc., Waymo LLC, Xylem Inc., YellowScan, Zvision, and ZX Lidars.

Market Segmentation & Coverage

This research report categorizes the LiDAR Market to forecast the revenues and analyze trends in each of the following sub-markets:

Technology
- 2D LiDAR
- 3D LiDAR
- 4D LiDAR

Component
- GPS Receiver
- Laser
- Scanner

Service
- Aerial Surveying
- Asset Management
- GIS Services
- Ground-Based Surveying

Type
- Airborne LiDAR
  - Bathymetric
  - Topographic

Satellite LiDAR
Terrestrial LiDAR
- Mobile
- Static

End-Use Application
- Agriculture & Forestry
- Automotive & Transportation
- Building & Construction
- Defence & Military
- Energy & Utility

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the LiDAR Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the LiDAR Market?

3. What are the technology trends and regulatory frameworks in the LiDAR Market?

4. What is the market share of the leading vendors in the LiDAR Market?

5. Which modes and strategic moves are suitable for entering the LiDAR Market?

Product Code: MRR-8201ABF21109

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing demand for 3D modeling for geoscientific projects and government initiatives for LiDAR surveys
  - 5.1.1.2. Rising shift toward renewable energy and precision agriculture
  - 5.1.1.3. Prominent inclusion of LiDAR in connected devices, autonomous vehicles, and Industry 4.0 projects
- 5.1.2. Restraints
  - 5.1.2.1. High cost of ownership of LiDAR technology and strict safety considerations for lidar sensors
- 5.1.3. Opportunities
  - 5.1.3.1. Advancements in mobile LiDAR in support of AI, IoT, and Big data
  - 5.1.3.2. Emerging startup ecosystem and attractive investments to enhance R&D of LiDAR equipped UAVs
- 5.1.4. Challenges
  - 5.1.4.1. Limitations associated with inaccuracy and ineffectiveness during extreme weather conditions and climate disasters
5.2. Market Segmentation Analysis
- 5.2.1. Technology: Growing deployment of 4D LiDAR for advanced safety-critical applications
- 5.2.2. Component: Higher demand for lasers with high performance and safety standards
- 5.2.3. Service: High preferences for aerial LiDAR for rapid coverage and minimizing the need for ground interventions
- 5.2.4. End-Use Application: Significant benefits of LiDAR in defence & military sector
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. LiDAR Market, by Technology

6.1. Introduction
6.2. 2D LiDAR
6.3. 3D LiDAR
6.4. 4D LiDAR

7. LiDAR Market, by Component

7.1. Introduction
7.2. GPS Receiver
7.3. Laser
7.4. Scanner

8. LiDAR Market, by Service

8.1. Introduction
8.2. Aerial Surveying
8.3. Asset Management
8.4. GIS Services
8.5. Ground-Based Surveying

9. LiDAR Market, by Type

9.1. Introduction
9.2. Airborne LiDAR
9.3. Satellite LiDAR
9.4. Terrestrial LiDAR

10. LiDAR Market, by End-Use Application

10.1. Introduction
10.2. Agriculture & Forestry
10.3. Automotive & Transportation
10.4. Building & Construction
10.5. Defence & Military
10.6. Energy & Utility

11. Americas LiDAR Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific LiDAR Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa LiDAR Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. Market Share Analysis, 2023
14.2. FPNV Positioning Matrix, 2023
14.3. Competitive Scenario Analysis
- 14.3.1. Luminar Announces New Lidar Technology and Startup Acquisition
- 14.3.2. Ouster and Velodyne Complete Merger of Equals to Accelerate Lidar Adoption
- 14.3.3. RoboSense Launches RS-Fusion-P6, Automotive-Grade Solid-State LiDAR Perception Solution for L4 Autonomous Driving
- 14.3.4. Luminar, Mercedes-Benz Expand Lidar Partnership
- 14.3.5. Lumotive Adds New Investments from USAA and Uniquest to a Strategic Funding Round Led by Samsung Ventures
- 14.3.6. Innoviz and Outsight Announce Partnership to Accelerate LiDAR Adoption in Smart Cities and Industrial applications
- 14.3.7. MicroVision Acquiring LiDAR Maker Ibeo
- 14.3.8. Aeva Expands Globally Amidst Growing Demand for High Performance 4D LiDAR Technology
- 14.3.9. Outsight bags EUR 22M (USD 21.56 million) to Accelerate Deployment of LiDAR Beyond Self-Driving Cars
- 14.3.10. Quanergy Partners with Fabrinet to Expand Global Manufacturing of LiDAR Sensors
14.4. Strategy Analysis & Recommendation

15. Competitive Portfolio

15.1. Key Company Profiles
15.2. Key Product Portfolio