PUBLISHER: TechSci Research | PRODUCT CODE: 1355096
PUBLISHER: TechSci Research | PRODUCT CODE: 1355096
LiDAR Market-Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type, By Component, By Application, By Region, Competition
We offer 8 hour analyst time for an additional research. Please contact us for the details.
Global LiDAR Market is anticipated to grow at a robust pace in the forecast period, 2024-2028. The primary driving force behind market growth is the advantages of LiDAR technology over traditional rival technologies. The industry is becoming more fragmented, and new innovations like 4D radars that transmit signals continuously are promoting market expansion.
According to a LiDAR market study, the development of the light detection and ranging (LiDAR) technology made it simpler than ever to examine, find, and map items. This approach is preferred over traditional surveying techniques because it can provide 4D pictures and highly accurate data more quickly. The primary reason propelling the growth of the Global LiDAR Market is improved automated processing ability of LiDAR systems in terms of picture resolution and data processing capabilities over other technologies.
Increased usage of aerial LiDAR systems to explore and discover locations and historic information, as well as rising demand for 4D imaging technology across a variety of application domains, are other drivers supporting the market's expansion. The inclusion of expensive parts like a laser scanner, navigation system, and high-resolution 4D cameras together drives up the price of LiDAR systems despite the fact that less people are aware of their advantages. These issues restrict the use of LiDAR systems, which in turn limits the trends in the global LiDAR industry.
| Market Overview | |
|---|---|
| Forecast Period | 2024-2028 |
| Market Size 2022 | USD 4.8 Billion |
| Market Size 2028 | USD 16.46 Billion |
| CAGR 2023-2028 | 22.9% |
| Fastest Growing Segment | LASER |
| Largest Market | North America |
The Increase in interest in 4D imaging
Over the course of the forecast period, the market is anticipated to rise as a result of the increased demand for 4D images in sectors such as military & defense, topographical surveys, civil engineering, and corridor mapping. Applications like 4D mapping, city planning, and corridor mapping use textured 4D imaging. Installing cutting-edge safety measures is expanding tremendously. Additionally, self-driving cars have received official approval for use on public roads in nations like the U.S. These automobiles include LiDAR integration for GPS and navigational purposes.
The easy accessibility of inexpensive and lightweight photogrammetry technologies is limiting industry expansion
The expansion of the LiDAR sector is expected to be constrained by the use of portable, affordable photogrammetry technology for mapping and surveying. LiDAR drones employ active sensors to recognize things on the ground and then fire laser beams to measure their distance from the ground targets. While photogrammetry systems employ images broadcast from 3D and 4D carto metric models to provide the appearance that things are below the ground's surface, allowing users to observe and compute the distance of objects in 3D. But LiDAR drones are more expensive than photogrammetry equipment. Their cheap cost is a result of the employment of drones with a single camera for carrying photogrammetry equipment. As a result, the price of LiDAR drones as a whole is raised by this heavy machinery. Therefore, the proliferation of the LiDAR industry is constrained by the easy availability of inexpensive and lightweight photogrammetry instruments.
Limited geospatial data availability and high LiDAR service costs
LiDAR surveying is more costly than using more conventional surveying techniques. A LiDAR system will generally cost around USD 75,000 when all the high-end gear, sensors, scanners, etc. are included. The processing software should be free, but post-processing software, such point-cloud categorization, may need third-party software, which might cost between USD 20,000 and USD 30 000 for a single license.
Market Segmentation
Global LiDAR Market is segmented By Type, By Component, By Application, Region and Competitive Landscape. Based on Type, the market is segmented into Terrestrial, Aerial, Mobile & UAV. Based on Component, the market is segmented into LASER and Inertial Navigation System, Camera, GPS GNSS Receiver and MEMS. Based on Application into Corridor Mapping, Seismology, Exploration & Detection, Lidar, Others.
Market players
Major market players in the global LiDAR market are Faro Technology, Inc, RIEGL USA, Inc, Quantum Spatial, Inc, Leica Geosystem Holdings AG, Teledyne Optech Incorporated (A part of Teledyne Technologies), Trimble Navigation Limited, Ultra-Communications, Vertilas GmbH, Velodyne LiDAR, Inc, Sick AG.
Report Scope
In this report, the Global LiDAR Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
LiDAR Market, By Type:
- Terrestrial
- Aerial
- Mobile & UAV
LiDAR Market, By Component:
- LASER
- Inertial Navigation System
- Camera
- GPS GNSS Receiver
- MEMS
LiDAR Market, By Application:
- Corridor Mapping
- Seismology
- Exploration & Detection
- Others
LiDAR Market, By Region:
- North America
- United States
- Canada
- Mexico
- Asia-Pacific
- India
- China
- Japan
- South Korea
- Australia
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- Saudi Arabia
- South Africa
- UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global LiDAR Market.
Available Customizations
TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Service Overview
- 1.1. Market Definition
- 1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations
2. Research Methodology
- 2.1. Objective of the Study
- 2.2. Baseline Methodology
- 2.3. Key Industry Partners
- 2.4. Major Association and Secondary Sources
- 2.5. Forecasting Methodology
- 2.6. Data Triangulation & Validation
- 2.7. Assumptions and Limitations
3. Impact of COVID-19 on Global LiDAR Market
4. Executive Summary
5. Voice of Customers
6. Global LiDAR Market Outlook
- 6.1. Market Size & Forecast
- 6.1.1. By Value
- 6.2. Market Share & Forecast
- 6.2.1. By Type (Terrestrial, Aerial, Mobile & UAV)
- 6.2.2. By Component (LASER, Inertial Navigation System, Camera, GPS GNSS Receiver and MEMS)
- 6.2.3. By Application (Corridor Mapping, Seismology, Exploration & Detection, Others)
- 6.2.4. By Region
- 6.3. By Company (2022)
- 6.4. Market Map
7. North America LiDAR Market Outlook
- 7.1. Market Size & Forecast
- 7.1.1. By Value
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Component
- 7.2.3. By Application
- 7.2.4. By Country
- 7.3. North America: Country Analysis
- 7.3.1. United States LiDAR Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.1.1. By Value
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Type
- 7.3.1.2.2. By Component
- 7.3.1.2.3. By Application
- 7.3.1.1. Market Size & Forecast
- 7.3.2. Canada LiDAR Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.1.1. By Value
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Type
- 7.3.2.2.2. By Component
- 7.3.2.2.3. By Application
- 7.3.2.1. Market Size & Forecast
- 7.3.3. Mexico LiDAR Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.1.1. By Value
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Type
- 7.3.3.2.2. By Component
- 7.3.3.2.3. By Application
- 7.3.3.1. Market Size & Forecast
- 7.3.1. United States LiDAR Market Outlook
8. Asia-Pacific LiDAR Market Outlook
- 8.1. Market Size & Forecast
- 8.1.1. By Value
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Component
- 8.2.3. By Application
- 8.2.4. By Country
- 8.3. Asia-Pacific: Country Analysis
- 8.3.1. China LiDAR Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.1.1. By Value
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Type
- 8.3.1.2.2. By Component
- 8.3.1.2.3. By Application
- 8.3.1.1. Market Size & Forecast
- 8.3.2. India LiDAR Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.1.1. By Value
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Type
- 8.3.2.2.2. By Component
- 8.3.2.2.3. By Application
- 8.3.2.1. Market Size & Forecast
- 8.3.3. Japan LiDAR Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.1.1. By Value
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Type
- 8.3.3.2.2. By Component
- 8.3.3.2.3. By Application
- 8.3.3.1. Market Size & Forecast
- 8.3.4. South Korea LiDAR Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.1.1. By Value
- 8.3.4.2. Market Share & Forecast
- 8.3.4.2.1. By Type
- 8.3.4.2.2. By Component
- 8.3.4.2.3. By Application
- 8.3.4.1. Market Size & Forecast
- 8.3.5. Australia LiDAR Market Outlook
- 8.3.5.1. Market Size & Forecast
- 8.3.5.1.1. By Value
- 8.3.5.2. Market Share & Forecast
- 8.3.5.2.1. By Type
- 8.3.5.2.2. By Component
- 8.3.5.2.3. By Application
- 8.3.5.1. Market Size & Forecast
- 8.3.1. China LiDAR Market Outlook
9. Europe LiDAR Market Outlook
- 9.1. Market Size & Forecast
- 9.1.1. By Value
- 9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Component
- 9.2.3. By Application
- 9.2.4. By Country
- 9.3. Europe: Country Analysis
- 9.3.1. Germany LiDAR Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.1.1. By Value
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Type
- 9.3.1.2.2. By Component
- 9.3.1.2.3. By Application
- 9.3.1.1. Market Size & Forecast
- 9.3.2. United Kingdom LiDAR Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.1.1. By Value
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Type
- 9.3.2.2.2. By Component
- 9.3.2.2.3. By Application
- 9.3.2.1. Market Size & Forecast
- 9.3.3. France LiDAR Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.1.1. By Value
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Type
- 9.3.3.2.2. By Component
- 9.3.3.2.3. By Application
- 9.3.3.1. Market Size & Forecast
- 9.3.4. Italy LiDAR Market Outlook
- 9.3.4.1. Market Size & Forecast
- 9.3.4.1.1. By Value
- 9.3.4.2. Market Share & Forecast
- 9.3.4.2.1. By Type
- 9.3.4.2.2. By Component
- 9.3.4.2.3. By Application
- 9.3.4.1. Market Size & Forecast
- 9.3.5. Spain LiDAR Market Outlook
- 9.3.5.1. Market Size & Forecast
- 9.3.5.1.1. By Value
- 9.3.5.2. Market Share & Forecast
- 9.3.5.2.1. By Type
- 9.3.5.2.2. By Component
- 9.3.5.2.3. By Application
- 9.3.5.1. Market Size & Forecast
- 9.3.1. Germany LiDAR Market Outlook
10. South America LiDAR Market Outlook
- 10.1. Market Size & Forecast
- 10.1.1. By Value
- 10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By Component
- 10.2.3. By Application
- 10.2.4. By Country
- 10.3. South America: Country Analysis
- 10.3.1. Brazil LiDAR Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.1.1. By Value
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Type
- 10.3.1.2.2. By Component
- 10.3.1.2.3. By Application
- 10.3.1.1. Market Size & Forecast
- 10.3.2. Argentina LiDAR Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.1.1. By Value
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Type
- 10.3.2.2.2. By Component
- 10.3.2.2.3. By Application
- 10.3.2.1. Market Size & Forecast
- 10.3.3. Colombia LiDAR Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.1.1. By Value
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Type
- 10.3.3.2.2. By Component
- 10.3.3.2.3. By Application
- 10.3.3.1. Market Size & Forecast
- 10.3.1. Brazil LiDAR Market Outlook
11. Middle East & Africa LiDAR Market Outlook
- 11.1. Market Size & Forecast
- 11.1.1. By Value
- 11.2. Market Share & Forecast
- 11.2.1. By Type
- 11.2.2. By Component
- 11.2.3. By Country
- 11.3. Middle East & Africa: Country Analysis
- 11.3.1. Saudi Arabia LiDAR Market Outlook
- 11.3.1.1. Market Size & Forecast
- 11.3.1.1.1. By Value
- 11.3.1.2. Market Share & Forecast
- 11.3.1.2.1. By Type
- 11.3.1.2.2. By Component
- 11.3.1.2.3. By Application
- 11.3.1.1. Market Size & Forecast
- 11.3.2. South Africa LiDAR Market Outlook
- 11.3.2.1. Market Size & Forecast
- 11.3.2.1.1. By Value
- 11.3.2.2. Market Share & Forecast
- 11.3.2.2.1. By Type
- 11.3.2.2.2. By Component
- 11.3.2.2.3. By Application
- 11.3.2.1. Market Size & Forecast
- 11.3.3. UAE LiDAR Market Outlook
- 11.3.3.1. Market Size & Forecast
- 11.3.3.1.1. By Value
- 11.3.3.2. Market Share & Forecast
- 11.3.3.2.1. By Type
- 11.3.3.2.2. By Component
- 11.3.3.2.3. By Application
- 11.3.3.1. Market Size & Forecast
- 11.3.1. Saudi Arabia LiDAR Market Outlook
12. Market Dynamics
- 12.1. Drivers
- 12.1.1. The rise of interest in 4D imaging
- 12.1.2. The spread of car safety technology is expanding.
- 12.1.3. Processing LiDAR Systems Automatically
- 12.2. Challenges
- 12.2.1. The LiDAR's constrained data range poses a substantial obstacle to the growth of the LiDAR business.
- 12.2.2. Unawareness and inadequate consumer education.
13. Market Trends & Developments
- 13.1. Increasing use of government and environmental applications
- 13.2. demand for LiDAR in data transmission is on the rise.
- 13.3. Technological transition to solid-state LiDAR
14. Company Profiles
- 14.1. Faro Technology, Inc
- 14.1.1. Business Overview
- 14.1.2. Key Revenue and Financials
- 14.1.3. Recent Developments
- 14.1.4. Key Personnel
- 14.1.5. Key Product/End-user Industry
- 14.2. RIEGL USA, Inc
- 14.2.1. Business Overview
- 14.2.2. Key Revenue and Financials
- 14.2.3. Recent Developments
- 14.2.4. Key Personnel
- 14.2.5. Key Product/Services
- 14.3. Quantum Spatial, Inc
- 14.3.1. Business Overview
- 14.3.2. Key Revenue and Financials
- 14.3.3. Recent Developments
- 14.3.4. Key Personnel
- 14.3.5. Key Product/Services
- 14.4. Leica Geosystem Holdings AG
- 14.4.1. Business Overview
- 14.4.2. Key Revenue and Financials
- 14.4.3. Recent Developments
- 14.4.4. Key Personnel
- 14.4.5. Key Product/Services
- 14.5. Teledyne Optech Incorporated (A part of Teledyne Technologies)
- 14.5.1. Business Overview
- 14.5.2. Key Revenue and Financials
- 14.5.3. Recent Developments
- 14.5.4. Key Personnel
- 14.5.5. Key Product/Services
- 14.6. Trimble Navigation Limited
- 14.6.1. Business Overview
- 14.6.2. Key Revenue and Financials
- 14.6.3. Recent Developments
- 14.6.4. Key Personnel
- 14.6.5. Key Product/Services
- 14.7. Ultra-Communications
- 14.7.1. Business Overview
- 14.7.2. Key Revenue and Financials
- 14.7.3. Recent Developments
- 14.7.4. Key Personnel
- 14.7.5. Key Product/Services
- 14.8. Vertilas GmbH
- 14.8.1. Business Overview
- 14.8.2. Key Revenue and Financials
- 14.8.3. Recent Developments
- 14.8.4. Key Personnel
- 14.8.5. Key Product/Services
- 14.9. Velodyne LiDAR, Inc
- 14.9.1. Business Overview
- 14.9.2. Key Revenue and Financials
- 14.9.3. Recent Developments
- 14.9.4. Key Personnel
- 14.9.5. Key Product/Services
- 14.10. Sick AG
- 14.10.1. Business Overview
- 14.10.2. Key Revenue and Financials
- 14.10.3. Recent Developments
- 14.10.4. Key Personnel
- 14.10.5. Key Product/Services
15. Strategic Recommendations
16. About Us & Disclaimer
