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Report
LiDAR Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-05-29 I 146 Pages I IMARC Group
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?
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
9.2 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
9.3 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
9.4 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
9.5 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
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
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
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