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Global Light Detection and Ranging (LiDAR) Market Share, Size, Growth, Trends, Analysis, Forecast: By Type: Mechanical, Solid States; By Product: Terrestrial, Aerial, Mobile; By Component: Laser Scanners, Navigation Systems, Positioning Systems, Others; By Application; By End User; Regional Analysis; Competitive Landscape; 2023-2028
Global Light Detection and Ranging (LiDAR) Market Outlook
The global Light Detection and Ranging (LiDAR) market would likely grow at a CAGR of 9.7% during 2023-2028. 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.
Apple's Pro and Pro Max series come equipped with a LiDAR scanner, enabling enhanced augmented reality (AR) experiences, night mode portraits, and faster autofocus in low light. North America, Asia, and Europe are likely to be significant markets.
Global Market Likely to be Driven by Advancements in Technology and Applications Across Domains
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. LiDAR can enable visibility through dense surroundings, such as forest canopies. It is capable of generating high-resolution digital elevation models that exhibit vertical accuracy of up to 1 cm. Such advantages are expected to boost the global Light Detection and Ranging (LiDAR) market. Components of a LiDAR device include GPS, laser scanner, and an Inertial Navigation System (INS). The gear may be mounted on a mobile vehicle, like a drone, automobile, or UAV.
By Function, LiDAR Systems May be Airborne or Terrestrial
In terms of function, LiDAR systems may be terrestrial or airborne. Airborne LiDAR is installed on a helicopter or drone and used in applications that warrant a bird’s eye view of an extensive area. Topographic and bathymetric are the two types of standard LiDAR; While topographic employs a near-infrared laser to plot land areas, bathymetric employs green water-penetrating light to plot underwater terrain.
Terrestrial LiDAR acts on ground and could be static or mobile. Mobile LiDAR systems are set up on moving platforms like autonomous vehicle AI applications to recognize objects in the driving environment. Static LiDAR systems in the other hand, are mounted on stationary structures like tripods; such LiDAR is commonly used in surveying, archaeology, engineering, and mining.
LiDAR data are quick and accurate, and helpful for any site that warrants the determination of shape and structure of objects. The above mentioned uses and benefits are likely to stimulate the global Light Detection and Ranging (LiDAR) market.
Applications of LiDAR Across Domains Likely to Boost Market Growth
Today, LiDAR is commonly used in computer vision to train autonomous vehicles, examine power lines, identify crops for fertilization, and other applications. Important LiDAR applications include:
Autonomous Vehicles – For applications in self-driving vehicles, LiDAR offers a longer-range alternate to video cameras and still images (these are less effective in demanding conditions like fog and rain). LiDAR systems mounted on vehicles gather info such as traffic signs, road markings, road obstructions, pedestrians, and other vehicles. LiDAR is generally employed with vision-based systems for wholly autonomous (Level 5) vehicles.
Aerial Inspection – Drones/UAV LiDAR data offer important aerial insights into such industrial assets that are challenging to inspect, including civil infrastructure, power lines, and other industrial assets, to decrease operational maintenance costs.
Precision Agriculture – LiDAR can help agriculture technology (agtech) companies ascertain areas to optimize water, fertilizer, and herbicides or manage pest control to enhance crop yield.
Forestry and Land Management – LiDAR may be employed to gauge vertical structures and forest canopy density. The data could be analysed to determine environmental impact, and for land management and fire prevention planning.
Survey and Mapping – LiDAR generates precise maps and digital elevation models for geographic information systems (GIS) for commercial and civil surveying and mapping applications.
Renewable Energy – LiDAR may help determine requirements to harness wind and solar energy; it can help calculate wind speed and direction to enable operators of wind farms to erect and place turbines.
Robotics – LiDAR is employed to arm robots with navigation and mapping capacities; it enables an autonomous system to determine the distance between the vehicle and other objects in the surroundings.
Such applications are expected to boost the global Light Detection and Ranging (LiDAR) market.
Market Segmentation
By type, the market is segmented into:
- Mechanical
- Solid States
By product, the market is divided into:
- Terrestrial
- Aerial
- Mobile
By component, the market is classified into:
- Navigation Systems
- Laser Scanners
- Positioning Systems
- Others
By application, the market is segmented into:
- ADAS (Advanced Driver-Assistance System)
- Mapping and Cartography
- Environment
- Surveillance
- Exploration and Detection
- Others
By end user, the market is divided into:
- Civil Engineering
- Defence and Aerospace
- Forestry and Agriculture
- Archaeology
- Transportation
- Mining
By region, the market is segmented into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Key Industry Players in the Market
The report extensively gauges major players in the global Light Detection and Ranging (LiDAR) market; it observes their capacity and newest happenings like mergers and acquisitions, capacity expansions, and plant turnarounds:
- Faro Technologies, Inc.
- Jabil Inc.
- Trimble Inc.
- Velodyne Lidar, Inc.
- Innoviz Technologies Ltd
- Leica Geosystems AG
- Teledyne Geospatial
- Others
Through Porter’s Five Forces model and SWOT analysis, the EMR report offers deep insights into the industry.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Product |
|
| Breakup by Component |
|
| Breakup by Application |
|
| Breakup by End User |
|
| Breakup by Region |
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| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Region
7 Industry Opportunities and Challenges
8 Global Light Detection and Ranging (LiDAR) Market Analysis
8.1 Key Industry Highlights
8.2 Global Light Detection and Ranging (LiDAR) Historical Market (2018-2022)
8.3 Global Light Detection and Ranging (LiDAR) Market Forecast (2023-2028)
8.4 Global Light Detection and Ranging (LiDAR) Market by Type
8.4.1 Mechanical
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Solid States
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Light Detection and Ranging (LiDAR) Market by Product
8.5.1 Terrestrial
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Aerial
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Mobile
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.6 Global Light Detection and Ranging (LiDAR) Market by Component
8.6.1 Laser Scanners
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Navigation Systems
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Positioning Systems
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Others
8.7 Global Light Detection and Ranging (LiDAR) Market by Application
8.7.1 Mapping and Cartography
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 ADAS (Advanced Driver-Assistance System)
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Surveillance
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Environment
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Exploration and Detection
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
8.7.6 Others
8.8 Global Light Detection and Ranging (LiDAR) Market by End User
8.8.1 Defense and Aerospace
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2022)
8.8.1.3 Forecast Trend (2023-2028)
8.8.2 Civil Engineering
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2022)
8.8.2.3 Forecast Trend (2023-2028)
8.8.3 Archaeology
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2022)
8.8.3.3 Forecast Trend (2023-2028)
8.8.4 Forestry and Agriculture
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2018-2022)
8.8.4.3 Forecast Trend (2023-2028)
8.8.5 Mining
8.8.5.1 Market Share
8.8.5.2 Historical Trend (2018-2022)
8.8.5.3 Forecast Trend (2023-2028)
8.8.6 Transportation
8.8.6.1 Market Share
8.8.6.2 Historical Trend (2018-2022)
8.8.6.3 Forecast Trend (2023-2028)
8.9 Global Light Detection and Ranging (LiDAR) Market by Region
8.9.1 North America
8.9.1.1 Market Share
8.9.1.2 Historical Trend (2018-2022)
8.9.1.3 Forecast Trend (2023-2028)
8.9.2 Europe
8.9.2.1 Market Share
8.9.2.2 Historical Trend (2018-2022)
8.9.2.3 Forecast Trend (2023-2028)
8.9.3 Asia Pacific
8.9.3.1 Market Share
8.9.3.2 Historical Trend (2018-2022)
8.9.3.3 Forecast Trend (2023-2028)
8.9.4 Latin America
8.9.4.1 Market Share
8.9.4.2 Historical Trend (2018-2022)
8.9.4.3 Forecast Trend (2023-2028)
8.9.5 Middle East and Africa
8.9.5.1 Market Share
8.9.5.2 Historical Trend (2018-2022)
8.9.5.3 Forecast Trend (2023-2028)
9 North America Light Detection and Ranging (LiDAR) Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Light Detection and Ranging (LiDAR) Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Light Detection and Ranging (LiDAR) Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Light Detection and Ranging (LiDAR) Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Light Detection and Ranging (LiDAR) Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Faro Technologies, Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Jabil Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Trimble Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Velodyne Lidar, Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Innoviz Technologies Ltd
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Leica Geosystems AG
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Teledyne Geospatial
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Light Detection and Ranging (LiDAR) Market: Key Industry Highlights, 2018 and 2028
2. Global Light Detection and Ranging (LiDAR) Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Light Detection and Ranging (LiDAR) Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Light Detection and Ranging (LiDAR) Historical Market: Breakup by Product (USD Million), 2018-2022
5. Global Light Detection and Ranging (LiDAR) Market Forecast: Breakup by Product (USD Million), 2023-2028
6. Global Light Detection and Ranging (LiDAR) Historical Market: Breakup by Component (USD Million), 2018-2022
7. Global Light Detection and Ranging (LiDAR) Market Forecast: Breakup by Component (USD Million), 2023-2028
8. Global Light Detection and Ranging (LiDAR) Historical Market: Breakup by Application (USD Million), 2018-2022
9. Global Light Detection and Ranging (LiDAR) Market Forecast: Breakup by Application (USD Million), 2023-2028
10. Global Light Detection and Ranging (LiDAR) Historical Market: Breakup by End User (USD Million), 2018-2022
11. Global Light Detection and Ranging (LiDAR) Market Forecast: Breakup by End User (USD Million), 2023-2028
12. Global Light Detection and Ranging (LiDAR) Historical Market: Breakup by Region (USD Million), 2018-2022
13. Global Light Detection and Ranging (LiDAR) Market Forecast: Breakup by Region (USD Million), 2023-2028
14. North America Light Detection and Ranging (LiDAR) Historical Market: Breakup by Country (USD Million), 2018-2022
15. North America Light Detection and Ranging (LiDAR) Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Europe Light Detection and Ranging (LiDAR) Historical Market: Breakup by Country (USD Million), 2018-2022
17. Europe Light Detection and Ranging (LiDAR) Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Asia Pacific Light Detection and Ranging (LiDAR) Historical Market: Breakup by Country (USD Million), 2018-2022
19. Asia Pacific Light Detection and Ranging (LiDAR) Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Latin America Light Detection and Ranging (LiDAR) Historical Market: Breakup by Country (USD Million), 2018-2022
21. Latin America Light Detection and Ranging (LiDAR) Market Forecast: Breakup by Country (USD Million), 2023-2028
22. Middle East and Africa Light Detection and Ranging (LiDAR) Historical Market: Breakup by Country (USD Million), 2018-2022
23. Middle East and Africa Light Detection and Ranging (LiDAR) Market Forecast: Breakup by Country (USD Million), 2023-2028
24. Global Light Detection and Ranging (LiDAR) Market Structure.
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 9.7% between 2023 and 2028.
The major drivers of the market are increasing applications in several domains such as mapping coastal regions and observing ocean ecosystems, among others, enhanced augmented reality experience, and quick and accurate data collection.
The key trends guiding the growth of the market include technological advancements and increasing demand for surveying, mining, and engineering.
The major regions in the light detection and ranging (LiDAR) market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Mechanical and solid states are the different types of light detection and ranging (LiDAR) in the market.
Navigation systems, laser scanners, and positioning systems, among others are the various components for light detection and ranging (LiDAR) in the market.
Various products of light detection and ranging (LiDAR) are terrestrial, aerial, and mobile.
The major players in the market are Faro Technologies, Inc., Jabil Inc., Trimble Inc., Velodyne Lidar, Inc., Innoviz Technologies Ltd, Leica Geosystems AG, and Teledyne Geospatial, among others.
The various applications of light detection and ranging (LiDAR) include mapping and cartography, ADAS (Advanced Driver-Assistance System), surveillance, environment, and exploration and detection, among others.
The different end users in the LiDAR market include defence and aerospace, civil engineering, archaeology, forestry and agriculture, mining, and transportation, among others.
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