Top 6 Companies Leading the Global Light Detection and Ranging (LiDAR) Market

Faro Technologies, Inc., Jabil Inc., Trimble Inc., Velodyne Lidar, Inc., Innoviz Technologies Ltd., and Leica Geosystems AG, among others, are key players in the global Light Detection and Ranging (LiDAR) Market.

The global Light Detection and Ranging (LiDAR) market would likely grow at a CAGR of 22.30% during 2023-2028. Light Detection and Ranging (LiDAR) technology has extended to several domains of application, including in autonomous vehicles for object recognition and road detection, object recognition for autonomous navigation in the maritime sector, observing ocean ecosystems, mapping coastal regions, and several other applications. Asia, North America and Europe are likely to be significant markets. 

LiDAR, is an active remote sensing technology that employs light as a pulsed laser to gauge distance. Light pulses, in combination with other data points created by the system, generate precise 3-D info about an object in association with its environment. LiDAR is very effective in dimension and depth for determining the distance between objects, and is quicker than cameras or RADAR.

Today, LiDAR is commonly used in computer vision to train autonomous vehicles, examine power lines, identify crops for fertilization, and other applications.

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Top 6 Companies in the Global Light Detection and Ranging (LiDAR) Market

Faro Technologies, Inc.

FARO specializes in Laser Trackers, Portable Measurement Arms, Portable Metrology Solutions, 3D Laser Scanners, and CAM2 Software. The company is a key player in 3D measurement, imaging and realization technology. The company seeks to offer industry-leading technology solutions to enable customers to speedily and easily measure and utilize that info to make intelligent and quicker decisions. FARO markets and develops computer-aided software and devices for markets including 3D metrology, AEC (architecture, construction and engineering), and public safety analytics.

Jabil Inc.

Jabil Inc. is a manufacturing solutions provider with more than 260,000 employees across one hundred sites in thirty nations. It specializes in Manufacturing, Electronic Product Solutions, Materials Technology, Aftermarket Services, Supply Chain Management, Tooling, Global Fulfillment & Distribution, Design Engineering, Additive Manufacturing, Packaging Solutions, Precision Mechanics, Internet of Things, Electronic Manufacturing Services, Automotive, Optics, Defence and Aerospace, Healthcare, Telecommunications, Energy and Industrial, and Additive Manufacturing.

Trimble Inc.

Trimble Inc. offers services and products that link physical and digital worlds. The company seeks to help customers in enhancing their quality, productivity, sustainability and safety through core technologies in positioning, modelling, connectivity and data analytics. Services, software and hardware offered by the company are transforming industries like construction, agriculture, geospatial and transportation. 

Velodyne Lidar, Inc.

Velodyne Lidar, Inc. specializes in UAV, Robotics, Security, Industrial, R&D, Mining, Smart Cities, Agriculture, Sensors, Manufacturing, Autonomous Vehicles, Software, Lidar, ADAS, Delivery, Mapping, Drones, Industrial, Trucking, and Hardware. The company is renowned for its wide range of advanced LiDAR technologies. Velodyne’s sensor and software solutions offer quality, flexibility, and performance to fulfil the requirements of a broad range of industries. 

Innoviz Technologies Ltd.

Innoviz Technologies Ltd.  is a key player in LiDAR technology and seeks to develop a future with safe autonomous vehicles on roads. The company’s LiDAR and perception software decrease the possibility of error and meet the automotive industry's stringent expectations for safety and performance. Innoviz Technologies operates across Asia, U.S. and Europe. 

Leica Geosystems AG

Leica Geosystems AG offers complete solutions for professionals across the globe. The company is renowned for premium products and development of innovative solutions, and serves a broad range of industries, including defence and aerospace, security and safety, manufacturing and construction.