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Light Detection and Ranging (LiDAR) Market

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; 2024-2032

Global Light Detection and Ranging (LiDAR) Market Outlook

The global light detection and ranging (LiDAR) market size reached a value of USD 1.93 billion in 2023. The market is further expected to grow at a CAGR of 22.90% in the forecast period of 2024-2032 to attain a value of USD 12.30 billion by 2032.

 

light detection and ranging lidar market

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According to the LiDAR market report, the market is expected to grow as a result of LiDAR being increasingly automated to save labour and boost productivity. Throughout the forecast period, the increased demand for 3D images in sectors such as military and defence, topographical surveys, civil engineering, and corridor mapping are expected to be key LiDAR market trends driving the market growth.

 

Applications like 3D mapping, city planning, and corridor mapping use textured 3D imaging. The improved spatial resolution of LiDAR-based digital terrain models enables them to be more accurate in applications such inland waterways, change detection on hillsides, and water runoff for mining and agricultural areas, which is expanding the LiDAR market share. LiDAR is used to track environmental changes and track weather patterns while self-driving cars utilise LiDAR integration for GPS and navigational purposes. The growing applications of LiDAR are increasing the LiDAR market value.

 

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. At a regional level, the Asia-Pacific LiDAR market is expected to witness steady growth in the coming years.

 

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. According to the LiDAR market analysis, 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 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. Research and development activities by key market players are further expanding the LiDAR market share by company, and increasing the capabilities of LiDAR.

 

By Function, LiDAR Systems May be Airborne or Terrestrial

As per LiDAR market research, 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, advantages which are likely to increase the global LiDAR market size.

 

Applications of LiDAR Across Domains Likely to Boost Market Growth

As per the LiDAR market forecast, LiDAR will increasingly be 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 LiDAR market growth.

 

light detection and ranging lidar market by segments

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LiDAR 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 global LiDAR 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

 

light detection and ranging lidar market by region

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Key Players in the Market

The report extensively analyses the following 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
  • Luminar Technologies, Inc.
  • Quanergy Systems, Inc.
  • Ouster, Inc.
  • Others

 

Through Porter’s Five Forces model and SWOT analysis, the EMR report offers deep insights into the market.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Product
  • Component
  • Application
  • End User
  • Region
Breakup by Type
  • Mechanical
  • Solid States
Breakup by Product
  • Terrestrial
  • Aerial
  • Mobile
Breakup by Component
  • Laser Scanners
  • Navigation Systems
  • Positioning Systems
  • Others
Breakup by Application
  • Mapping and Cartography
  • ADAS (Advanced Driver-Assistance System)
  • Surveillance
  • Environment
  • Exploration and Detection
  • Others
Breakup by End User
  • Defense and Aerospace
  • Civil Engineering
  • Archaeology
  • Forestry and Agriculture
  • Mining
  • Transportation
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Faro Technologies, Inc.
  • Jabil Inc.
  • Trimble Inc.
  • Velodyne Lidar, Inc.
  • Innoviz Technologies Ltd
  • Leica Geosystems AG
  • Teledyne Geospatial
  • Luminar Technologies, Inc. 
  • Quanergy Systems, Inc.
  • Ouster, Inc.
  • Others

 

*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    Opportunities and Challenges in the Market
8    Global Light Detection and Ranging (LiDAR) Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Light Detection and Ranging (LiDAR) Historical Market (2018-2023) 
    8.3    Global Light Detection and Ranging (LiDAR) Market Forecast (2024-2032)
    8.4    Global Light Detection and Ranging (LiDAR) Market by Type
        8.4.1    Mechanical
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Solid States
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global Light Detection and Ranging (LiDAR) Market by Product
        8.5.1    Terrestrial
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Aerial
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Mobile
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
    8.6    Global Light Detection and Ranging (LiDAR) Market by Component
        8.6.1    Laser Scanners
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Navigation Systems
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Positioning Systems
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        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    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    ADAS (Advanced Driver-Assistance System) 
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Surveillance 
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Environment 
            8.7.4.1    Historical Trend (2018-2023)
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Exploration and Detection 
            8.7.5.1    Historical Trend (2018-2023)
            8.7.5.2    Forecast Trend (2024-2032)
        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    Historical Trend (2018-2023)
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Civil Engineering
            8.8.2.1    Historical Trend (2018-2023)
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Archaeology
            8.8.3.1    Historical Trend (2018-2023)
            8.8.3.2    Forecast Trend (2024-2032)
        8.8.4    Forestry and Agriculture
            8.8.4.1    Historical Trend (2018-2023)
            8.8.4.2    Forecast Trend (2024-2032)
        8.8.5    Mining
            8.8.5.1    Historical Trend (2018-2023)
            8.8.5.2    Forecast Trend (2024-2032)
        8.8.6    Transportation
            8.8.6.1    Historical Trend (2018-2023)
            8.8.6.2    Forecast Trend (2024-2032)
    8.9    Global Light Detection and Ranging (LiDAR) Market by Region
        8.9.1    North America
            8.9.1.1    Historical Trend (2018-2023) 
            8.9.1.2    Forecast Trend (2024-2032)
        8.9.2    Europe
            8.9.2.1    Historical Trend (2018-2023) 
            8.9.2.2    Forecast Trend (2024-2032)
        8.9.3    Asia Pacific
            8.9.3.1    Historical Trend (2018-2023) 
            8.9.3.2    Forecast Trend (2024-2032)
        8.9.4    Latin America
            8.9.4.1    Historical Trend (2018-2023) 
            8.9.4.2    Forecast Trend (2024-2032)
        8.9.5    Middle East and Africa
            8.9.5.1    Historical Trend (2018-2023) 
            8.9.5.2    Forecast Trend (2024-2032)
9    North America Light Detection and Ranging (LiDAR) Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Light Detection and Ranging (LiDAR) Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Light Detection and Ranging (LiDAR) Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Light Detection and Ranging (LiDAR) Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Light Detection and Ranging (LiDAR) Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    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    Luminar Technologies, Inc.
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    Quanergy Systems, Inc.
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications
        15.2.10    Ouster, Inc.
            15.2.10.1    Company Overview
            15.2.10.2    Product Portfolio
            15.2.10.3    Demographic Reach and Achievements
            15.2.10.4    Certifications
        15.2.11    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 2032
2.    Global Light Detection and Ranging (LiDAR) Historical Market: Breakup by Type (USD Million), 2018-2023
3.    Global Light Detection and Ranging (LiDAR) Market Forecast: Breakup by Type (USD Million), 2024-2032
4.    Global Light Detection and Ranging (LiDAR) Historical Market: Breakup by Product (USD Million), 2018-2023
5.    Global Light Detection and Ranging (LiDAR) Market Forecast: Breakup by Product (USD Million), 2024-2032
6.    Global Light Detection and Ranging (LiDAR) Historical Market: Breakup by Component (USD Million), 2018-2023
7.    Global Light Detection and Ranging (LiDAR) Market Forecast: Breakup by Component (USD Million), 2024-2032
8.    Global Light Detection and Ranging (LiDAR) Historical Market: Breakup by Application (USD Million), 2018-2023
9.    Global Light Detection and Ranging (LiDAR) Market Forecast: Breakup by Application (USD Million), 2024-2032
10.    Global Light Detection and Ranging (LiDAR) Historical Market: Breakup by End User (USD Million), 2018-2023
11.    Global Light Detection and Ranging (LiDAR) Market Forecast: Breakup by End User (USD Million), 2024-2032
12.    Global Light Detection and Ranging (LiDAR) Historical Market: Breakup by Region (USD Million), 2018-2023
13.    Global Light Detection and Ranging (LiDAR) Market Forecast: Breakup by Region (USD Million), 2024-2032
14.    North America Light Detection and Ranging (LiDAR) Historical Market: Breakup by Country (USD Million), 2018-2023
15.    North America Light Detection and Ranging (LiDAR) Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Europe Light Detection and Ranging (LiDAR) Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Europe Light Detection and Ranging (LiDAR) Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Asia Pacific Light Detection and Ranging (LiDAR) Historical Market: Breakup by Country (USD Million), 2018-2023
19.    Asia Pacific Light Detection and Ranging (LiDAR) Market Forecast: Breakup by Country (USD Million), 2024-2032
20.    Latin America Light Detection and Ranging (LiDAR) Historical Market: Breakup by Country (USD Million), 2018-2023
21.    Latin America Light Detection and Ranging (LiDAR) Market Forecast: Breakup by Country (USD Million), 2024-2032
22.    Middle East and Africa Light Detection and Ranging (LiDAR) Historical Market: Breakup by Country (USD Million), 2018-2023
23.    Middle East and Africa Light Detection and Ranging (LiDAR) Market Forecast: Breakup by Country (USD Million), 2024-2032
24.    Global Light Detection and Ranging (LiDAR) Market Structure.

Key Questions Answered in the Report

In 2023, the global conversational AI market attained a value of USD 1.93 billion.

The market is projected to grow at a CAGR of 22.90% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 12.30 billion by 2032.

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 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.

The major players in the market are Faro Technologies, Inc., Jabil Inc., Trimble Inc., Velodyne Lidar, Inc., Innoviz Technologies Ltd, Leica Geosystems AG, Teledyne Geospatial, Luminar Technologies, Inc., Quanergy Systems, Inc., and Ouster, Inc., among others.

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