LiDAR Market Overview

The LiDAR Market is estimated in terms of US dollars in the report for the years 2024 through 2030. With the purpose of identifying possible investment opportunities, it provides an analytical representation of the LiDAR industry by showcasing current trends and future projections. Data on significant trends, obstacles, and prospects for the future are included in the market report to give investors and stakeholders insightful information.

Market Value : 

LiDAR Market was worth US$ 1.59 Bn. in 2022 and total revenue is expected to grow at a rate of 20.7 % CAGR from 2022 to 2029, the LiDAR Market is reaching almost US$ 5.95 Bn. in 2029.

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LiDAR Market Report Scope and Research Methodology

The report highlights the potential for global market growth in the LiDAR segment by presenting a quantitative analysis of the market during the forecast period. The report makes use of Porter's five forces study to shed light on the relative market power of suppliers and buyers. The integration of primary and secondary data in the report guarantees its authenticity. Secondary data was acquired from a number of trustworthy sources, such as official websites, press releases, and annual reports from businesses. To assess the advantages and disadvantages of the LiDAR market, a SWOT analysis was done. Furthermore, PORTER and PESTLE analyses were performed to evaluate the influence of macro- and micro-economic factors on the LiDAR market. The thorough methodology used in these analyses gives the report's conclusions more weight and substance.

LiDAR Market Dynamics:

The development of 4D LiDAR.

Corridor mapping, environment, exploration, urban planning, and advanced driver-assistance systems (ADAS) & driverless cars are just a few of the applications for LiDAR. LiDAR provides high accuracy, quick acquisition and processing, low human dependency, and high data density for the applications. LiDAR works in a similar way as radar and sonar. Instead of radio or sound waves, it uses the time of flight (ToF) of laser dots to create a 3D real-time information model of the real world. The LiDAR sensor uses the time between the outgoing laser pulse and the reflected laser pulse to precisely compute the distance to each object.

Every second, LiDAR collects millions of such exact distance measurement points, from which a 3D matrix of its surroundings can be generated. This complete mapping of the environment can provide information on the position, shape, and behaviour of things. In recent years, this technique has gained traction in autonomous vehicles and drone-based graphical mapping.

LiDAR Systems with Automated Processing

A mix of scientific algorithm calculation and cloud-based processing of recorded data points for sophisticated analysis is used to automate the LiDAR processing system. The algorithms improve the accuracy and efficiency of LiDAR systems in detecting target items. Some automated LiDAR processing systems choose a suitable algorithm based on the surroundings, and others allow people to interact and choose their preferred algorithm. These properties raise LiDAR's appropriateness for a wide range of applications, driving its adoption around the globe and propelling the industry forward.

LiDAR Market Regional Insights

Asia Pacific is anticipated to grow during the forecast period, having held the largest market share in 2022. Europe and North America are anticipated to have rapid growth in the LiDAR market.

LiDAR Market Segmentation:

The market is divided into two sub-sectors based on installation: airborne and ground-based. As more aerial mapping equipment is adopted, the airborne segment is anticipated to hold the largest share of the market, which is projected to grow at a CAGR of **% during the forecast years.

by Component

GPS
Navigation (IMU)
Laser Scanners
Mobile & UAV
ed into four sub-sectors based on component: GPS, Navigation (IMU), Laser Scanners, and Mobile & UAV. Using laser scanners, an intensity value is recorded to produce a return signal strength that can help distinguish between objects with various reflectivities.

by Type

Mechanical LiDAR
Solid-State LiDAR

The market is divid

The market is divided into Corridor Mapping, ADAS & Driverless Car, Engineering, and Others segments based on application. It is anticipated that while the corridor mapping application will grow somewhat, its overall market share will decline.

by Installation

Airborne
Ground-Based

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LiDAR Market Key Players:

1. Leica Geosystems Holdings AG
2. Teledyne Optech Inc.
3. Quantum Spatial, Inc.
4. Faro Technologies, Inc.
5. Velodyne LiDAR, Inc.
6. Sick AG
7. Geokno
8. Trimble, Inc.
9. RIEGL USA
10.YellowScan
11.Beijing Surestar Technology
12.Optech Inc.
13.Geodigital
14.Topcon Positioning Systems Inc.
15.Denso
16.Trimble, Inc. (US)
17.HEXAGON,
18.SICK AG
19.Trimble Inc.
20.Phoenix LiDAR Systems
21.LeddarTech Inc.
22.Quanergy Systems, Inc.
23.Innoviz Technologies Ltd.
24.ZX Lidars
25.Vaisala
26.Waymo LLC
27.Valeo
28.Lumibird Canada
29.Ouster, Inc.

Table of content for the LiDAR Market includes:

Part 01: Executive Summary

Part 02: Scope of the LiDAR Market Report

Part 03: LiDAR Market Landscape

Part 04: LiDAR Market Sizing

Part 05: LiDAR Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Key questions answered in LiDAR Market are:

• What is LiDAR Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for LiDAR Market?
• Which factors are the lucrative opportunities for the LiDAR market growth?
• Which factors are limiting the scope of LiDAR market ?
• How is the intervention from regulatory authority is shaping the LiDAR Market?
• What growth strategies are the key players considering to increase their presence in LiDAR Market?

Key Offerings:

• Past Market Size and Competitive Landscape 
• Past Pricing and price curve by region 
• Market Size, Share, Size & Forecast by different segment 
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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