PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1807085
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1807085
The LiDAR market is projected to reach USD 12.79 billion by 2030 from USD 3.27 billion in 2025, at a CAGR of 31.3% during the forecast period.
Scope of the Report | |
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Years Considered for the Study | 2021-2030 |
Base Year | 2024 |
Forecast Period | 2025-2030 |
Units Considered | Value (USD Billion) |
Segments | By Installation, Type, Range, Service, End-Use Application, and Region |
Regions covered | North America, Europe, APAC, RoW |
The rising adoption of autonomous vehicles drives the LiDAR market, growing demand for high-precision 3D mapping, and increasing investments in smart city and infrastructure development projects. Advancements in solid-state LiDAR technology, offering cost efficiency and durability, are further accelerating adoption across automotive, environmental, and industrial applications. Additionally, government initiatives that support digital mapping and intelligent transportation systems are driving market growth. However, the high initial cost of LiDAR systems and the availability of alternative sensing technologies, such as camera and radar-based systems, act as key restraints. Limited standardization and regulatory challenges in autonomous navigation also hinder large-scale deployment.
"GIS service to witness the highest growth during the forecast period."
The GIS services segment in the LiDAR market is expected to grow at the highest CAGR during the forecast period due to its critical role in transforming raw LiDAR data into actionable geospatial insights. Increasing demand for accurate mapping, spatial analysis, and infrastructure planning in sectors such as transportation, urban development, and environmental monitoring is driving adoption. The integration of LiDAR with advanced GIS platforms enables real-time decision-making, improving efficiency in disaster management, agriculture, and utility asset management. Governments and private organizations are increasingly investing in GIS-based LiDAR solutions for smart city projects and infrastructure modernization. Furthermore, advancements in cloud-based GIS and AI-driven spatial analytics are expanding the accessibility and scalability of these services. This strong combination of technological innovation and broad cross-industry applicability positions GIS services as the fastest-growing segment in the LiDAR market.
"Ground-based installation segment to dominate the market during the forecast period."
Ground-based LiDAR is expected to hold the largest market share due to its extensive use in applications such as corridor mapping, construction, mining, forestry, and environmental monitoring. Its high accuracy, ability to capture dense point clouds, and suitability for short- to medium-range scanning make it ideal for detailed terrain and structural analysis. The technology is widely adopted for surveying and mapping in urban planning, archaeology, and infrastructure inspection, where precision is critical. Additionally, ground-based LiDAR systems are cost-effective compared to airborne counterparts for small- to mid-scale projects. The growing demand for terrestrial laser scanning in building information modeling (BIM) and industrial plant maintenance further fuels market dominance. Continuous advancements in portability, automation, and integration with GIS platforms are strengthening its adoption across multiple sectors.
"North America to hold the largest share of the LiDAR market during the forecast period."
North America is expected to hold the largest share in the LiDAR market due to the strong presence of leading LiDAR manufacturers, technology providers, and autonomous vehicle developers in the region. Significant investments in self-driving car research, smart infrastructure projects, and advanced mapping initiatives are driving demand. The region benefits from robust government support for environmental monitoring, defense applications, and transportation safety programs. High adoption of LiDAR in sectors such as mining, forestry, construction, and oil & gas further strengthens market growth. Additionally, the early integration of LiDAR with AI, IoT, and cloud-based platforms enhances its application potential. The combination of technological leadership, high R&D spending, and diverse end-use adoption positions North America as the dominant LiDAR market globally.
The report profiles key LiDAR market players and their respective market ranking analyses. Prominent players profiled in this report include Hesai Group (China), RoboSense Technology Co., Ltd. (China), Sick AG (Germany), Ouster, Inc. (US), Luminar Technologies (US), Leica Geosystems AG (Sweden), Trimble Inc. (US), Teledyne Optech (Canada), FARO Technologies, Inc. (US), RIEGL Laser Measurement Systems GmbH (Austria), NV5 Geospatial (US), Beijing SureStar Technology Co., Ltd. (China), YellowScan (France) SABRE Advanced 3D Surveying Systems (Scotland), Geokno (India), Phoenix LiDAR Systems (US), Quanergy Systems, Inc. (US), Innoviz Technologies Ltd (Israel), Leosphere (France), Waymo LLC (US), Valeo (France), ZX Lidars (UK), Livox (China), Routescene (Scotland), and Blickfeld GmbH (Germany).
Research Coverage
The report defines, describes, and forecasts the LiDAR market based on installation, type, range, services, end-use application, and region. It provides detailed information regarding drivers, restraints, opportunities, and challenges influencing the market's growth. It also analyzes competitive developments such as product launches, acquisitions, expansions, and actions carried out by the key players to grow in the market.
Reason to Buy This Report
The report will help the market leaders/new entrants with information on the closest approximations of the revenue for the overall LiDAR market and the subsegments. The report will help stakeholders understand the competitive landscape and gain more insight to position their business better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market's pulse and provides information on key drivers, restraints, opportunities, and challenges.