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Report Description

The 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.

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.


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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.

Recent Developments

  • In January 2023, Hexagon’s subsidiary Leica Geosystems has recently revealed its newest solution for professionals in the utilities and excavation industries. This solution is a complement to the existing Leica DD100 series and consists of the Leica DD175 utility locator and the Leica DA175 signal transmitter. Through the use of this new technology, users can easily locate subsurface utilities and ensure the safety of personnel on construction sites.
  • In May 2022, OSRAM introduced a high-performance infrared laser flood illuminator for Melexis, a leading provider of microelectronic semiconductor solutions, to use with their most recent vehicle indirect Time-of-Flight (iToF) demonstration.
  • Lumentum introduced their M Series multi-junction VCSEL arrays in April 2022 for use in next generation 4D sensing, industrial LiDAR, and automotive applications. Compact, very dependable, and power-dense M51-100 905 nm 70 W multi-junction VCSEL array is the ideal choice for next-generation LiDAR systems.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million and CAGR for 2018-2022 and 2024-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

By Type

By Component

By Application

By Region

Regional scope

North America; Asia-Pacific; Europe; South America; Middle East & Africa

Country scope

United States; Canada; Mexico; China; India; Japan; South Korea; Australia, Germany; United Kingdom; France; Italy, Spain, Brazil; Colombia; Argentina; Saudi Arabia; South Africa; UAE;

Key companies profiled

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.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

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:

o  Terrestrial

o  Aerial

o  Mobile & UAV

            ·         LiDAR Market, By Component:

o   LASER

o   Inertial Navigation System

o   Camera

o   GPS GNSS Receiver

o   MEMS

            ·         LiDAR Market, By Application:

o   Corridor Mapping

o   Seismology

o   Exploration & Detection

o   Others

            ·         LiDAR Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Asia-Pacific

§   India

§   China

§   Japan

§   South Korea

§   Australia

o   Europe

§  Germany

§  United Kingdom

§  France

§  Italy

§  Spain

o   South America

§  Brazil

§  Argentina

§  Colombia

o   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).
The Global LiDAR is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]
Table of content

Table of content

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

5.1.  Brand Awareness

5.2.  Factors Considered while Selecting Vendor

5.3.  Key Satisfaction Level

5.4.  Major Challenges Faced

5.5.  Key Services in Use

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

6.2.5.  By Company

6.3.  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

7.3.2.  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

7.3.3.  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

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

8.3.2.  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

8.3.3.  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

8.3.4.  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

8.3.5.  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

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

9.3.2.  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

9.3.3.  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

9.3.4.  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

9.3.5.  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

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

10.3.2.   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

10.3.3.   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

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

11.3.2.   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

11.3.3.   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

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

14.1.6.   SWOT Analysis

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

14.2.6.   SWOT Analysis

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

14.3.6.   SWOT Analysis

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

14.4.6.   SWOT Analysis

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

14.5.6.   SWOT Analysis

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

14.6.6.   SWOT Analysis

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

14.7.6.   SWOT Analysis

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

14.8.6.   SWOT Analysis

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

14.9.6.   SWOT Analysis

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

14.10.6.   SWOT Analysis

15. Strategic Recommendations

15.1.   Fastest growing region.

15.2.   Dominating market by type.

15.3.   Dominating market by applications

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

Frequently asked questions

Lidar is frequently used to create high-resolution maps and has several uses including laser navigation, aerial laser swath mapping (ALSM), laser altimetry, archaeology, geography, geology, geomorphology, seismology, forestry, and geodesy. By adjusting the wavelength of light, it is used to create computerized 3-D reconstructions of locations on the surface of the Earth and the ocean's bottom in the intertidal and nearby coastal zone. It is also increasingly utilized in the navigation and control of autonomous vehicles and helicopters.

The expansion of car safety technology and the rise of interest in 4D imaging are the major drivers for the global LiDAR market.

Asia Pacific is the fastest-growing region in the Global LiDAR Market due to increasing internet penetration in the region.

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.

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